I've bought a little position on MAGR (MAGNUM DOR RESOURCES) for my personal portfolio, a small company that is investing in Mongolia:
Magnum d'Or Resources Inc. is a junior resource company managed focused on the exploration and advancement of premium base and precious metal assets primarily in Mongolia. The Company is currently exploring 4 properties in Mongolia whereby the Company has an option to earn a 100% in the properties and to purchase the royalties outright. Two of the properties are strategically located near the town of Undershill adjacent to Ivanhoe Mines' property in Mongolia.
I've not made any deep investigation on this one, I notice that EliteG had this ticker yesterday on a list of candidates to buy on the late session.
I looked to the chart, and I had to buy first and make questions later.
Any one knows something about it ?
Why this price action on this increasing volume ?
I was watching this one the past 2 days. I should have pulled the trigger yesterday. Good Pick!
This could be worth placing on watch list.
Falling Wedge, If I'm correct.
Closed above the 200day ema.
Nice strong volume price action last 3 days. :o
Last news article I could find.
TORONTO, May 18, 2005 (BUSINESS WIRE) -- Magnum d'Or Resources, Inc. (MAGR, Trade) ("Magnum") announces a live CEO Interview with Traders Nation, a talk show dedicated to Small Cap Companies.
Reno J. Calabrigo, President of Magnum d'Or Resources, Inc. was featured live in an interview with Kurt Schemers of Traders Nation on Tuesday May 17, 2005. The interview, available at www.tradersnation.com, covered Magnum's corporate structure, the Board members, the excellent political relations in Mongolia, the potential discovery of Gold and Copper, as well as Magnum's future mining projects and outlook. The Company also announced that the assay reports from the drilling samples taken in the Fall of 2004 are due soon.
Mr. Calabrigo stated, "We are pleased to have the opportunity to introduce Magnum d'Or Resources, Inc. to the listeners of Traders Nation. This is all part of an Investor Awareness Program that has been set in place to help increase investor awareness and market visibility throughout the investment community."
About Magnum d'Or Resources, Inc.
Magnum d'Or Resources, Inc. is a resource exploration and development company engaged in the acquisition and exploration of precious and base metal properties in Mongolia. In the past year, Magnum has achieved a dynamic diversified portfolio of properties through the acquisition of 4 main property licenses strategically located in Mongolia, a mining hot spot as a result of the significant resources identified by Ivanhoe mines in an under explored mining environment.
A number of statements contained in this press release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties including but not limited to: competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that Magnum may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
SOURCE: Magnum d'Or Resources, Inc.
Magnum d'Or Resources, Inc.
Reno J. Calabrigo, 416-386-0044
Email:
[email protected] Website: www.magnumexploration.com
Copyright Business Wire 2005
hi stravis,
Take a look here:
http://www.3stocksonfire.org/trading/index.php?topic=795.0
I'll merge both topics later, ok ?
best regards,
Hi Ramsburgh,
That's cool that you merged those .
I hadn't noticed the penny stock picking board yet.
We must have been mind readers....on this play.
lol That's spooky... :D
May have to buy some Monday also....if it's not to late!
Best regards and good trading
Quote from: setravis on June 18, 2005, 03:12:36 PM
Hi Ramsburgh,
That's cool that you merged those .
I hadn't noticed the penny stock picking board yet.
We must have been mind readers....on this play.
lol That's spooky... :D
May have to buy some Monday also....if it's not to late!
Best regards and good trading
Mind Reader ;) hehehe
Thanks Setravis, I've just created this board 5 minutes ago, and I'm moving topic by topic, all the OB and PK picks from the other board to this new one.
Later, I'll also post some tips for everybody, on How to use this board. One simple suggestion will be that before you post a Stock Pick, that you make a quick search for the ticker, to see if it's already posted, and that way you don't have to start a new topic, and things stay easier to find.
About MAGR, I've already bought some @ 0.47 ... let's see ;) I like Mongolia ;)
best regards,
Rams burg ;D great move with the penny picking board and thats an awesome suggestion about searching for the ticker! We need to amplify each others same picks!
The closest I've gotten to Mongolia is Mongolian Beef at the local chinese restaurant. This is the greatest dish! I highly recommend it.
MAGR.ob looks great.
Quote from: eliteG on June 18, 2005, 03:23:44 PM
Rams burg ;D great move with the penny picking board and thats an awesome suggestion about searching for the ticker! We need to amplify each others same picks!
The closest I've gotten to Mongolia is Mongolian Beef at the local chinese restaurant. This is the greatest dish! I highly recommend it.
MAGR.ob looks great.
LOL LOL LOL ;)
I have to taste one of these mongolian Beefs ;)
I like what I'm seeing today ;)
Heres an updated chart:
Ramsburg, are you still holding MAGR ?
thanks :)
Quote from: nofear on June 21, 2005, 10:21:34 AM
Ramsburg, are you still holding MAGR ?
thanks :)
Hi nofear,
Yes, I'm holding it.
I have no reasons to sell a stock that is advancing everyday with big volume ;)
Today, it just break the old relative high... No resistances right now... we may just have to give some room, and let the profits run for a while, or until theres a losse of momentum.
Nice play Ramsburgh.......... ;)
I didn't get to get in.............Yet!
setravis, are you still holding this stock?, a im concerned because by mistake i bougth 3000 shares instead of 1000, and it looks like is going down, what do you think? :-[
I sold my position @ .055 ....
I do believe this is a good stock for long term, and I want to get back in play, soon as this correction is over.
Didn't had time to catch it again :(
I hate when it happens.... +52% now.... and probably will break the last relative highs...
But I'm out... :'( :'( :'( :'(
this came up on my scans again too, Ramsburg ;)
your not buying back in? it looks really nice...hmmm
We seem to be in a period that requires a lot of patience. Anything that runs up quickly, including MAGR, eventually comes back down to earth. Watching for the right entry point.
As David has stated before as well, I am looking to make money immediately on every transaction.
I missed the first run on this high flyer, but I wont miss this ride !
I'm in @ .055
I was not expecting for this big intraday deep >:D That's good, I had the chance to re-buy my old position even cheaper ;)
Some news out today:
QuotePress Release Source: Magnum d'Or Resources, Inc.
Magnum signs Joint Venture Agreement With Placer Dome on the Khul Morit Property in Mongolia
Wednesday July 13, 1:04 pm ET
TORONTO--(BUSINESS WIRE)--July 13, 2005--Mr. John K. Yee, Chairman of Magnum d'Or Resources, Inc. ("the Company")(OTCBB:MAGR - News) is pleased to announce that a Joint Venture Agreement has been signed with Placer Dome International Limited (NYSE:PDG - News; TSX:PDG - News). The Agreement specifies a two and a half year period whereby Placer Dome will have the option to earn a 60% interest in the Khul Morit property by expending $1,000,000 USD. Placer Dome may earn an additional 20% interest with the completion of a feasibility study on the Khul Morit property. Given that a positive development decision is made, Placer Dome will be responsible to expend 80% of the production costs, and Magnum will be responsible for the remaining 20% of the costs. If either party does not fulfill its' obligation, the alternate party will take ownership for 100% of the property.
Mr. Yee commented, "The Company is highly encouraged by the recognition from Placer Dome on the potential merit and economics that the Khul Morit property represents." He further stated, "We are optimistic about the immediate potential for further favourable results as the work period progresses. Placer Dome is recognized internationally as one of the largest mining companies in the world, and hence with the Khul Morit moving forward, the Company can focus its' attention on the acquisition of additional properties in Mongolia and Asia."
Assay tests from the 2004 drill program on the Khul Morit are currently being processed, and the Company expects the results shortly.
A number of statements contained in this press release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties including but not limited to: competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that Magnum may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
Contact:
Magnum d'Or Resources, Inc.
Reno J. Calabrigo, 416-200-1958
email: [email protected]
website: www.magnumexploration.com
Source: Magnum d'Or Resources, Inc.
I am in on this one too @ $.053
Now sure why such a huge intra-day fluctuation, but a good change to settle around $.06
Today will be really high volume for this stock.
I don't like the candle with the big spike, but this chart is killing my eyes ;)
I see a lot of mid-term potential here, and probably short term >:D >:D
Testing waters with 1/3 position :)
Applaud Ramsburg
Couldn't resist. In at .051.
The last trading day's performance were terrible... Althought, I think this sell-off could be ending now at these levels...
Any opinions ?
This is one of my buys today along with MSSI. Chart is looking good for a nice run on both.
Quote from: higherstocks on August 01, 2005, 10:24:50 PM
This is one of my buys today along with MSSI. Chart is looking good for a nice run on both.
Higherstocks, It does look primed for another go at it.
A fine looking chart.I missed the first go.
me too...bought at .045 yesterday....i think ramburg got on this one...then setravis mentioned yesterday....so i got in....nice pick guys...looks good for a breakout...more up bars than down bars the last week....macd trending upward...williams %r looks good too...