InvestorsHub Logo
Followers 1
Posts 67
Boards Moderated 0
Alias Born 10/31/2006

Re: None

Wednesday, 11/22/2006 11:16:00 AM

Wednesday, November 22, 2006 11:16:00 AM

Post# of 38879
Email from company....

This is probably a canned response but it is a response none the less. It took about 1 day from the time I sent my email.


We understand the frustrations amongst the investors regarding the low price per share of our company stock. We feel that the we will be able to recover the value of the shares once production equipment has been upgraded to maximize extraction. Bear in mind that these mines are producing but using primitive mining methods and equipment. We are currently bringing in new equipments to enhance production levels. Once this is done, we will generate an dramatic increase in revenue and as such will reflect in PPS. Now factor this process to be applied to all of our producing mines and then you can see that once we are up and running fully operational, we will be an industry leader in the field. We thank you for your continued support with MGM Mineral Resources.

Thank You,

Management