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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: jackjc who wrote (23921)10/30/2006 6:47:51 PM
From: TrueScouse  Read Replies (1) | Respond to of 78416
 
Jack:

Thanks for the details on MMGG. I have a reasonable position but don't follow it closely. After all, why should I with several MMGG specialists on this board!?! <g> I didn't realise that it was getting this degree of PR. For me it's a "keeper" for the long-term BM bull market, in the way that Eurozinc (EZM ) was for several years. EZM was *very* unloved -- trading in Vancouver, lots of shares out, not producing, copper and zinc (boring), etc. But it was sitting on a sh**-load of ore in a safe country and it was just a matter of time before they'd go into production again. Meanwhile you could pick up unlimited shares at 15 cents! I see MMGG in the same way, although it's "earlier-stage" than EZM was. But at these prices I can see the project being fast-tracked big time.

<<PM's: today stalled out after moving just over 607, not good. But I am ready for another leg, preferably up......>>

My feeling is that POG could get whacked down tomorrow, because it's the last day of the month and if it closes at this level we'll have a "monthly reversal" -- a very strong technical signal IMO that the Fed won't want to see. If we do hold these levels tomorrow, I would expect November to be very strong. A positive sign for me is that my PF has had strong gains over the last 3 weeks -- up about 15% -- while the POG has not gone up very much. I mostly hold juniors and I think there has been new money coming into them while gold has still been consolidating.

Best regards,
Howy



To: jackjc who wrote (23921)10/31/2006 1:30:41 PM
From: Mr. Aloha  Respond to of 78416
 
With the action the last few days, it looks like MMGG management's road trip has been very well received by investors. I bet many of them won't touch a bb stock and are waiting for Amex listing.

They're in Europe now (for the first time) drumming up more institutional interest. With zinc breaking out and such a dearth of sizable new projects in politically safe areas of the world, I bet they'll be very well received there, too. However, the lack of listing will probably prevent most there from investing, too.

The lifting of the pressure from the JEFF seller that had held the stock price hostage the past few months, combined with the new investor interest from the road show, have helped make MMGG one of the best performers the past few days. I think it will continiue as the road show moves overseas.