News Focus
News Focus
icon url

amarksp

11/18/03 1:40 PM

#5284 RE: Frank Pembleton #5283

believe MFN will need to raise cash (i.e. PP) if it is going to actually mine (and it will be a pretty large PP)... MFN are explorers and have no experience actually mining gold/silver, that's a problem. right now MFN is a takeover target and somewhat pricey compared to CBD and AGI (but actually with cash cost of only $99 its a good value here).

CBD, should have enough cash to develop its mine, but they lack mining expertise as well, IMO. CBD more likely as a takeover candidate, IMO, and they have enough cash on hand to force someone to do it...

AGI, this company has the mining expertise to actually go into production 1Q 2005, IMO. AGI still needs one last PP to go.

Bottom line, like all 3 companies, but if I were to rank them right now:
1) AGI
2) CBD
3) MFN

just some musings, was thinking about buying MFN here myself...

icon url

wagee

11/18/03 1:47 PM

#5285 RE: Frank Pembleton #5283

I haven't followed MFL for a very long time. It is gold/silver so I would not think it is levered to POS. As I remember it was about 50/50 POG/POS.....

don't know what is up here but it could be something to consider....



ADX is very weak....but then that might be the time to buy!

Wayne
icon url

kirby49

11/18/03 1:50 PM

#5286 RE: Frank Pembleton #5283

I've been holding it for almost a month with little action. It's very thinly traded so goes in fits and starts. Has gold as well as silver. Going to keep holding for a while yet. Sure is more expensive than when I first bought it at 1.29!

POG just knocking on 400 at the close. Bustout after market reopens at 3:15? Maybe another down headfake leading up to Nov. 24th and then a final breakout to the 415/420 area. Just a guess.