moverzzz, I totally understand your position .. ..
However, diluting your position by approximately 150 to one, has not gotten you a uranium property, merely a property in an area where other properties have proven reserves. There is a great difference.
And given Ken lamb's silent treatment to the shareholders for the past year, I doubt that any substantial mining of uranium will ever come to fruition on the property of which he had a letter of intent (LOI). Just from a financial point of view, if you could get close to the $2/share price to sell and invest it in any producing gold mine, such as Barrick gold, you would be years ahead of this company's projects.
From control of the property to production on any mining venture is 2 years. What could your investment earn in a different, more open company in two years, especially since Spellbound shows a prediction of $1500/ounce and Larry Edelson predicted $2272/oz. in the next two years? If you wish to give Ken (tells you nothing of importance) Lamb, more time to tell you nothing, then you have more patience than Job, and I wish you well. As I said in my original post, I have nothing to gain, and thank heaven, nothing to lose, from this stock. I actually made 50% on this stock for the 5 months that I owned it, and I wish all of my friends on this board to be so lucky. But when I accumulated 51 million shares of MGMX out of 1.7+ billion outstanding, I felt I was a major player with this company. After, the reverse split and Ken's printing press I owned 10,200 shares of 53.36 million. A little fish in a big murky pond.
I got out because there was no T.A. at the time, and the daily shares transferred were around 300,000, which is impossible for a stock that is only supposed to have 360,320 shares. It was obvious that Ken was operation his printing press and selling into a market that thought there were only 360,320 shares. Ken fired the previous T.A. and gave no information of a new T.A. until he laundered his wet-ink shares.
IMHO this is NOT a man to be trusted. I've always believed that you should place your faith in those who have earned it and NOT in those who have destroyed it. Ken Lamb has destroyed many shareholder's faith in MGMX, now BWNR. If this were your mortgage money, would you invest it with someone who has this legacy for a track record. I rest my case. Sam.
