What are the double prints for? Naked Shorts not short selling (2 different things). Naked shorts goes between brokers. Anyway, what they are doing with the double prints is covering. They are going to let this one run. Slowly. All year. IMO
Maybe but we have 7 properties. But why the double prints?
Why the red paint all week? Why skew the TA charts? Why have 50% of volume after hours? Why.... The PR was Fluff not a pump. It takes a real PR campaign to run a stock up for a pump n dump dilution. A major holder is accumulating after hours is my bet. IMO
I bet MGMX trades up steady for the year. No flipping. No spikes. Just a steady step up staircase chart. IMO
We wait: "Throughout the conference call, management expressed great concern with the current price per share and understands that geological and financial data need to be quantified by independent third parties before being released. MGM is aware that releasing precise geological data, production numbers and updated financial information will play a major role in the share price. Geological data, production and financial information will be released to the public in short time once the 2006 information has been completed and filed."
TAOL concentrated on MGMX"s = "formulate a proper drilling and mining program". TAOL is near 10 cents.
Does this sound negative? "The Company anticipates a mine plan that will include a drilling program, raise production levels and renew reserve estimates."