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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Bearcatbob who wrote (25211)1/21/2005 9:53:29 PM
From: Rocket Red  Respond to of 313620
 
OK I'm going to take a peak at this one



To: Bearcatbob who wrote (25211)1/21/2005 10:06:59 PM
From: Rocket Red  Read Replies (1) | Respond to of 313620
 
DD on MMR 5 to 1 rollback from mnp
Nevada property is very low grades
Mt. Kare property in Papua New Guinea has a resource off 1.8 mil oz

Market looks bored on it.

But its the sign of the gold junior times as it will most likely wake up at some point if the Gold juniors get rocking.

No hurry to buy Watch list



To: Bearcatbob who wrote (25211)1/23/2005 1:37:35 PM
From: Bearcatbob  Respond to of 313620
 
I did some more dd on McMoran. The yahoo statistics link shows 17 million shares. The Q4 release shows 24 and there is a convertible that looks like it will had about 8.5 million more. Therefore the FD share count looks to be at least 32.5 million.

Bob
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To: Spotted.Cat who wrote (25037) 1/21/2005 9:43:41 PM
From: Bearcatbob Read Replies (2) of 25242

SC,

I sent you the MMR spread sheet this evening. Anyone else wanting it can send me an email via pm - or simply go to the MMR website and read the info.

Gang - you do not need the specs to play for a home run. I invite beg alternate appraisals - but this is what I see.

1. A stock with $199 million (green)
2. 17 million shares outstanding.

3. Rapidly growing production.

4. Several near term impact wells.

5. But most of all - reasonable prospects for a T of gas reserves this year. Do the math - a T and 17 million shares OS.

Oh yeah - and just for grins - an offshore facility being permitted as an LNG terminal.

I have an internet oil and gas friend who is bozo nuts about this one - he has convinced me.

Bob