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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (1120)3/16/2001 9:28:55 PM
From: Al Collard  Read Replies (2) | Respond to of 11802
 
Hi Red,

Your in with MGM-v @$.58 for 17,241 shares.

Chart for Morgain Minerals, Inc.(MGM-v):

stockcharts.com[l,a]declnimy[pb50!c20!b100!b200][vc60][iUg!Ll14!La12,26,9!Lf!Lh14,3]

Looking at this chart one notices the dragon-fly dogi that formed on Tuesday, this type of pattern signifies a turning point and turn it did, straight-up and broke-out. All indicators are positive with more than 5 times normal volume. If this stock can break through it's 200MA at $.59 there is nothing but blue sky above. But notice how 3 times since Feb. the stock has bumped into the 200MA and been driven back each time. Will be interesting to see if this time is different.

Good luck with this pick Red and thanks for bringing it to our attention.

regards,
Al



To: Rocket Red who wrote (1120)3/19/2001 10:27:13 AM
From: Al Collard  Respond to of 11802
 
Red,

News out on you r pick MGM-v:

Morgain Minerals has staked a 46,000-hectare block to cover a large gypsum
basin in the state of Coahuila, Mexico, that includes and surrounds gypsum
claims previously staked by the company and reported in Stockwatch on March
5, 2001. A number of other significant pure selenite beds have been
outlined within the main gypsum horizon by company geologists. Since pure
gypsum (99 per cent gypsum) is in short supply worldwide, it was imperative
that this block be staked to protect this significant selenite resource.
Three chemical assays taken from an exposed part of one of the selenite
beds and, tabulated below, indicate a large source of over 99-per-cent-pure
gypsum, a product that is used in the high-end gypsum filler and plaster
industries, that command prices ranging from $80 (U.S.) to $400 (U.S.) per
tonne.

Sample Width Assay
Number Metres Feet Gypsum %

Chup 6 3.0 9.9 99.6

Can 24 1.0 3.3 99.7

Can 25 2.0 6.6 99.6
Pure gypsum as illustrated in the above table is used in food and
pharmaceutical applications and certain products, such as dental plasters,
that command prices ranging from $1,175 (U.S) to $3,500 (U.S.) per tonne.
On another front, the development of the La Sauceda silver vat leach plant
in Zacatecas, Mexico, should begin production prior to the end of March,
2001.