With gold, silver and copper prices skyrocketing, these junior mining companies will deliver strong profits going forward, as they start producing.
MNEAF.OB has all the technical and fundamental ingredients to outperform the general market going forward. It's profile is:
«Minera Andes is a gold, silver and copper exploration company working in Argentina. Minera Andes holds about 500,000 acres of mineral exploration land in Argentina, including the co-owned San Jose silver/gold project now under construction and feasibility consideration for possible mine production. Minera Andes is also exploring an enriched copper zone at its Los Azules property and is acquiring other exploration targets in southern Argentina. The Corporation presently has 110,027,637 issued and outstanding shares.»
The market cap is 110,027,637*$0.87 = $95.72M.
You «know» this pick will work, since you have one of the world's most proeminent «gold explorer» buying shares:
«Rob McEwen, founder and past Chairman of Goldcorp Inc., invested C$5.4 million in Minera Andes in a private placement that closed on December 20, 2005. At that time, he also agreed to subscribe for an additional C$4.6 million in a second private placement, provided that shareholder approval was first obtained. Upon closing the second private placement, McEwen will hold 23% of the issued and outstanding common shares of the Corporation and will become a "control person" of the Corporation now that the shareholders have approved redemption of the rights and repeal of the Plan.»
Also, the trend is bullish as you can see on the chart below.
I'll buy 10% of the Pennies on Fire Portfolio in MNEAF.OB around today's open.
update MNEAF:
Nice gain so far on MNEAF. The purpose of this update is to place a stop to protect against loss.
We will hold MNEAF unless it is set to close below .083.
Am i the only one that got in this one? Its doing the best out of all the 3stocks that i could afford. Why no love for 50% gains? im going to buy more, so i advise you guys to sell
Hi EliteG,
I sold MNEAF.OB below $1 by a wrong click, I hope I could buy it back when pulling back, but it is
always going up, can I buy it back around $1.3?
Thanks very much for your suggestion !
Quote from: learnstock on March 30, 2006, 10:17:19 PM
Hi EliteG,
I sold MNEAF.OB below $1 by a wrong click, I hope I could buy it back when pulling back, but it is
always going up, can I buy it back around $1.3?
Thanks very much for your suggestion !
Sorry I'm getting back to you so late learnstock :-X we are closing down this portfolio so I didnt notice your post. You may be able to buy MNEAF soon.. the 20 ema may make a good buy area. ;) Goodluck.
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update MNEAF:The purpose of this post is too simply move our stop higher ;)
We will hold MNEAF unless it closes below 1.06.
We will sell MNEAF according to plan.