tag:blogger.com,1999:blog-3323125037607548189.post6933066202274267643..comments2024-03-15T02:40:09.484-04:00Comments on Wall Street Manna: The Aw-Schucks billPalmonihttp://www.blogger.com/profile/17670456087642069778noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-3323125037607548189.post-64540934324062456132010-05-13T23:44:26.882-04:002010-05-13T23:44:26.882-04:00Wow. Thanks Palmoni. I have some shares of ATUS.F....Wow. Thanks Palmoni. I have some shares of ATUS.F. Now I will add some MGOL.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-44472818118772338962010-05-13T21:47:02.268-04:002010-05-13T21:47:02.268-04:00Now, remember the presentation, where is showed th...Now, remember the presentation, where is showed that MGOL had 1527 acres in Aniri?<br /><br />Look at MGOL's latest press release regarding Anori:<br /><br />http://finance.yahoo.com/news/MGOL-Announces-Anor-Project-bw-2192558912.html?x=0&.v=1<br /><br />ANORÍ, ANTIOQUIA, Colombia--(BUSINESS WIRE)--MGOL (OTCBB:MGOL - News) (“MGOL”) announces the formation of a new joint venture into which MGOL and its joint venture partners have contributed 17,736 acres of mining contracts and mining claims near the town of Anorí in the Department of Antioquia, Colombia (the “Anorí Project”).<br /><br />The Anorí Project is located approximately 175 km northeast of Medellín. The property sits immediately adjacent to a number of local artisanal gold mines with historical mineral showings. MGOL has identified five areas of anomalous gold mineralization on the property and recently compiled available geotechnical data on 1:20,000 scale maps, utilizing ARC-GIS software. Previous surface samples surrounding the town of Anorí returned gold assays ranging up to 112.45 g/t (grams gold per tonne) over 1.6 meters along strike from the adjacent La Constancia vein (a historical artisanal mine). Reported gold assay values yields for the other four anomalous areas ranged up to 39.03 g/t over 1.0 meters.<br /><br />The Anorí Project consolidates the partners’ ownership of the mining concessions for more efficient capitalization and exploration. The partners consist of MGOL and its affiliate, Minatura International LLC (the “Majority Partners”), and several Colombian individuals and entities (the “Junior Partners”). The Junior Partners hold 14% ownership. The remaining 86% ownership will be allocated between the Majority Partners based on a third party evaluation of the relative values of the mining rights contributed by the Majority Partners (the “Evaluation”). <br /><br />So now MGOL has 17,736 acres in Anori. Did the market know about that? of course not. It was in Minatura International LLC. they only knew about the 1500 acres.<br /><br />Maybe the work they did shows that there is gold?<br /><br />So let's pretend you are playing poker. Do you show people your cards? Why was AUY sniffing around anyway. Maybe they read SEC filings, and they talk to people and view the claims, and they saw MGOl and it's Anori claim.<br /><br />Obviously MGOL could talk about the Anori project, because they had already gotten the land around the project that they were talking about.<br /><br />Look at Ventana, who are exploring for gold in Colombia<br /><br />http://finance.yahoo.com/q/bc?s=VEN.TO&t=2y&l=off&z=m&q=l&c=<br /><br />That stock is 11, worth a billion dollars; a year and a half ago, it was pennies.<br /><br />What are they working on? Check out there story, and you'll see. Then look at all the concessions MGOL has, and do the math.<br /><br />OK so that's one project--and I'm not even giving any comparative data etc--what happens if you want to do that exercise 100X?<br /><br />So throw in some acreage in Anori, and let the drill results eventually speak for itself.<br />Now, the market probably needs clarification on the concessions on Minatura International LLC and the vending in of those into MGOL, but too bad. That will take time.<br /><br />That's the bet, and how much gold do they have.<br /><br />And I think it will be a multi billion dollar company.Palmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-85656664870609920002010-05-13T21:46:44.325-04:002010-05-13T21:46:44.325-04:00MGOL? I think its the cheapest gold play on the ma...MGOL? I think its the cheapest gold play on the market.<br /><br />I think you'll make 100X your money on this stock in the next five years.<br /><br />However, the story is too complicated for the average investor, who has an attention span less than two minutes. You need to do your homework to understand what the stock has.<br /><br />As an example, just the other day they finally updated their website.<br /><br />http://www.minaturagold.com/<br /><br />You have the public company, MGOL which has 21 properties in in, and close to 100,000 acres of concession, but you have another million acres in the holding company. <br /><br />Check out how this works.<br /><br />Click on the March presentation on their website-notice on page 12 it says the Anori project has 1527 acres<br /><br />http://minaturagold.com/images/uploads/Minatura-March-2010_8c1_NP_no_bio_pics.pdf<br /><br />On page 18 of that presentation you will see that Yamana Gold is exploring an area right next to their concessions. Obviously I believe there were discussions, and I believe MGOL rebuffed their overtures.<br /><br />So what did AUY do? Well go to www.sedar.com click on AUY<br /><br />http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00003801 <br /><br />Read the January 7, 2010 25 page press release, and on page 12, you will see that AUY has a project in Anori. So why now is AUY interested in more area around Anori?<br /><br />Maybe they are finding gold?<br /><br />So follow me, and you'll understand. <br /><br />What would you do, if you were AUY, and you found gold, and you inquired about MGOL's concessions in Anori, and let's say you were rebuffed. Wouldn't you then, see if you get get any more land around there?<br /><br />So what did AUY do? Check this out. They picked up a concession, from another company and quite frankly, who cares about the one they picked up. From what I know, they didn't get the good stuff, but then, I have older mining data, that still needs to be proved out with modern methods, so take it just as an opinion, until the assaying gets done. We'll see.<br /><br />So AUY, gets a concession from Colombian mines on May 10. May 9, was when all the license fees had to be paid on concessions, so it looks like let's cut a deal, and take whatever AUY is offering. Heck, AUY wasn't getting concessions in Colombia in 2001 or 2002 or 2003 when you get get killed in the jungle,like MGOL was so they do whatever any big mining company does. They try an exploit a weaker company.<br /><br />http://finance.yahoo.com/news/Colombian-Mines-Options-Anori-ccn-2491606000.html?x=0&.v=1<br /><br />-- Yamana may earn a 60% interest by a) paying $1 million to Colombian Mines, b) fully funding at no cost to Colombian Mines, $2 million in exploration expenditures and c) completing a fully compliant NI 43-101 technical report defining mineral resources and mineral reserves, of<br /> which a minimum 30% must be classified in the proven and probable mineral reserve categories.Palmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-77905259789162936742010-05-13T15:54:12.243-04:002010-05-13T15:54:12.243-04:00Everything red but the dollar! Unbelievable.Everything red but the dollar! Unbelievable.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-57463146588748768282010-05-13T15:38:47.666-04:002010-05-13T15:38:47.666-04:00Is Minatura Gold MGOL a buy?Is Minatura Gold MGOL a buy?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-90216389656620474342010-05-13T15:02:24.520-04:002010-05-13T15:02:24.520-04:00the highfliers look like they had exhaustion gaps ...the highfliers look like they had exhaustion gaps todayPalmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-7986685479563828912010-05-13T13:13:02.662-04:002010-05-13T13:13:02.662-04:00What you got, up or down from here?What you got, up or down from here?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-4540443746105218772010-05-12T18:46:22.488-04:002010-05-12T18:46:22.488-04:00TAKING PROFITS......How dare they sell CSCO...I...TAKING PROFITS......How dare they sell CSCO...I'll take more.Settembrinihttps://www.blogger.com/profile/00854544409784504550noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-88655867518382467082010-05-12T16:31:58.916-04:002010-05-12T16:31:58.916-04:00Are we done rallying?Are we done rallying?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-42567643857841393452010-05-12T14:49:36.327-04:002010-05-12T14:49:36.327-04:00i'm a bit confused...do you know why we're...i'm a bit confused...do you know why we're climbing so high today...hope it's not a set up for us longsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-1737623476237814232010-05-12T12:59:45.081-04:002010-05-12T12:59:45.081-04:00What do you think of MGOL's drop today?What do you think of MGOL's drop today?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-15502712283330672772010-05-12T12:04:28.062-04:002010-05-12T12:04:28.062-04:00Another case of beaurcratic appointments of incomp...Another case of beaurcratic appointments of incompetence. Did she even ever argue a trial case?palmonihttps://www.blogger.com/profile/12012035226073451275noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-58197549346142451622010-05-12T11:47:23.067-04:002010-05-12T11:47:23.067-04:00Goldman Sachs advisor and hermaphrodite Elana Kaga...Goldman Sachs advisor and hermaphrodite Elana Kagan(Ana Pauker)SC nominee says: "I take it as a given that we live in a society marred by racial and gender inequality, that certain forms of speech perpetuate and promote this inequality, and that the uncoerced disappearance of such speech would be cause for great elation."<br /> SweetAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-44622661317733833972010-05-12T11:07:34.717-04:002010-05-12T11:07:34.717-04:00yesterday I said this:
"let them come up to ...yesterday I said this:<br /><br />"let them come up to their previous highs <br /><br />Give em another day on the upside to come close to their previous tops" <br /><br />If their previous tops aren't a lid, then you don't short them. Look at BIDU it broke through it's top, and now you can't short it<br /><br />shorting high fliers is a dangerous game. I advocated selling them when they revisited their highs--but that's because I like lower priced stocks that can have a greater percentage movePalmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-17917057572320823482010-05-12T10:58:33.133-04:002010-05-12T10:58:33.133-04:00How come the high flyers are still high flying?How come the high flyers are still high flying?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-37700788525661897422010-05-12T10:44:28.459-04:002010-05-12T10:44:28.459-04:00Still a lot of money to be made in gold specs
&qu...Still a lot of money to be made in gold specs<br /><br />"sell everything" <br />Maybe in another day, when the stocks that broke have revisited their old highs--well then, that will give you a chance for a trade if you want to play the short side.<br /><br />But the ideas that we will just roll over here--I don't buy into that.<br /><br />When we break and bounce, everyone wants to get out the first couple of days --and we had that---and stocks don't make their moves until days later.<br /><br />The stocks that were shorted are the ones rallying the most--but it takes more than a few days to get those guys to cover.<br /><br />I'm only looking at those that are really extended, otherwise there is too much easy money to be made than just hacking against the hapless shorts who are getting squeezedPalmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-471447929499117622010-05-12T10:23:37.299-04:002010-05-12T10:23:37.299-04:00I'm cleaning out my portfolio on these rally&#...I'm cleaning out my portfolio on these rally's .....no sense giving these bastards another penny ....keeping gold ....I'm doneAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-25063492031139668472010-05-12T10:11:14.079-04:002010-05-12T10:11:14.079-04:00Should we sell everything now?Should we sell everything now?Anonymousnoreply@blogger.com