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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 (35048)3/6/2007 9:28:20 AM
From: jackjc  Read Replies (2) | Respond to of 78422
 
In addition what some investors may not realize is that MMG
could not advertise the PP to obtain wider exposure. So mgmt
could only solicit people who already had a previous relationship.
This gave the holders the upper hand.

US rules prohibited that, while Canadian PP's can be advertised publicly.



To: jackjc who wrote (35048)3/6/2007 10:30:01 AM
From: AuBug  Read Replies (2) | Respond to of 78422
 
Not under any circumstances on earth is it necessary to sell PP shares at $0.76 when the stock was over $2. Any management that would do that does not have shareholder's best interests in mind and should be fired. But, since their board of directors is also incompetent they have not fired the executives of MMG.

By imaginary profits I meant the run up to $4.50 while sitting on locked up PP shares.

Glad to hear you're holding your PP shares. I doubt all PP shares are really free trading yet as a clean cert must be in the brokerage account of the owner to be sold. But since this PP was dragged out for many months I'm sure the first guys in made a fortune.

Do they have the cash they need to start a zinc mine? Will they need more dilution? How much will they have to give away to a partner? This is a very volatile stock that I believe has many more reasons to go down than up.

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