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Gold/Mining/Energy : Mindoro Resources Ltd - MIO

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To: Ciao who wrote (111)3/19/1998 2:53:00 PM
From: Stephen Bedingfield  Read Replies (1) of 147
 
Ciao / MIO's recent activity

Sure can explain it. This is a lightly traded stock and like all speculative stocks moves up and down at the slightest whim (and down through lack of buyers). The recent spike was due to the CEO discussing MIO's prospects with various brokerages, the signing of the Tiris CoW, and the news on the Philippino prospects. Hang in there! There will be more good news to come... just that MIO needs to finish defining targets and start drilling in the coming months.

Personally, I am not in it for these small increases 20-50%. My target is $1.50+ before I start considering selling some to cover my initial outlay (.54 share), but I still want around 15,000 for the long haul.

Regards,

stephen
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