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


To: Metacomet who wrote (35017)3/6/2007 9:00:53 AM
From: AuBug  Respond to of 78421
 
Yea, I don't know. It's sure not the kind of news I was hoping for. I need to learn more about MGM.v. I'm going to give one of those directors with the wild hair up his butt a call and ask him to explain it to me.

AUQ.v had a plan to fund exploration using cash flow from the mine and avoid future dilution. My first reaction was that MGM.v has a mine in Mexico and this adds to the cash flow. I originally bought AUQ.v because it was a sleeper with a property in the Cortez Trend in Nevada, Elephant Country. I figured I was getting the mine in Guatemala below what I think it's worth and the Nevada gold property for free. Hopefully they've got Neil Gow in NV lining up drills. At least they added to their claims in NV recently.