MGMX current Acquisition rumored to be worth $500,000,000.00 million dollars do some math folks
800 mil a/s
400 mil o/s
180 Tradeable (a lot tied up in strong hands so much less)
Based on a maxed out share structure of 800 million shares, which isn't the case the pps is valued at $.625 before you add in any other properties and revenues, and costs of removing the Gold.
Now, more importantly keep in mind that the company has 220 million shares restricted. If they wanted to they can use the remaining 400 million shares to add more Gold Acquisitions in Columbia, which would make the pps valuation even higher. Or if they wanted to they could retire some of there Authorized shares, which also would increase shareholder value. So as you can see the stock has no where to go but up from here.
Today 7 different Alert Services covered MGMX, tells you that wallstreet has picked up on this new trading company, that is loaded with Gold which is definitely the best sector to be in at the moment.
Here are all the alerts released for MGMX taken from my Ameritrade News Section:
12:37pm 05/03/06 - M2
OTCPicks.com: Daily Market Movers Digest Midday Stock Alerts, Wednesday, May 3rd, CCMI, SSUF, ENGY, MGMX, UNCN, NDOL
12:03pm 05/03/06 - M2
Equity Alliance Int.: www.growthstockalert.net, Stocks To Watch: MGMX, GWGOE, MTNA, SLGLF
11:42am 05/03/06 - M2
OTCReporter.com: MGMX - Morning Mover Alert gains 97%
11:42am 05/03/06 - M2
bellwetherreport.com: The Bellwether Report Issues Agressive Investors Alerts on Metro Gold Mines Mineral Resources Inc
11:11am 05/03/06 - M2
Iron Consulting: www.growthstockalert.net, Stocks To Watch: MGMX, GWGOE, MTNA, SLGLF, SELA
9:18am 05/03/06 - M2
Wall Street News Alert: Aggressive Stock Traders Alert! May 3, 2006
8:54am 05/03/06 - M2
Wall Street News Alert: Wednesdays Hot Stocks to Watch! May 3, 2006
4:06am 05/03/06 - M2
Wall Street News Alert: Breaking Market News for Wednesday! May 3, 2006
9:48am 05/01/06 - M2
Stockwire.com: The Pioneers of the Stockumentary, deliver the Movers and Shakers Blog, Part 2:
Simply put,
I feel we should trade nice n steady up to .20 range near term and creep up .05 or so a week as long as Gold continues its highly expected rise in price.
AI
