MRB - Sector: Basic Materials --- Industry: Gold & Silver

[setravis]

Recent new 52 week high.
Smallcap engaged in the business of acquiring and exploring precious and base metal properties in North and South America.
Purely Technical.

Support @ $2.16...2.10...1.97
Resistance...You have to look a  3 year chart to see long term resistance, and that was @ $2.27
back in April 2004, whivh it closed above this on Frifay @ $2.34

Technicals
MACD is Bullish
Stochastic is Bullish
Record Price High
Record Price Break Out
Percentage Gainer

Last Price Quote is:
above 13-day EMA
above 50-day EMA
above 200-day EMA
RS Rating: 97  

[setravis]

Profile Get Profile for: 

Metallica Resources Inc.
36 Toronto Street
Suite 1000
Toronto, ON M5C 2C5
Phone: 303-796-0229
Fax: 303-796-0265
Web Site: http://www.metal-res.com

DETAILS   
Index Membership: N/A
Sector: Basic Materials
Industry: Industrial Metals & Minerals
Full Time Employees: 45


BUSINESS SUMMARY   
Metallica Resources, Inc., a development stage company, engages in the exploration, development, and acquisition of mineral deposits principally in Mexico and Chile. It owns a 100% interest in the Cerro San Pedro gold and silver heap leach project in central Mexico; a 30% interest in the El Morro copper-gold project in northern Chile; and a 100% interest in the Rio Figueroa copper-gold project in northern Chile; and other preliminary stage copper/gold projects in Chile. The company was founded in 1977. It was formerly known as Temple Explorations, Inc. and changed its name to Burgess Point Resources, Inc. in 1987. Further, Burgess Point Resources changed its name to Metallica Resources, Inc. in 1994. Metallica Resources is based in Toronto, Canada.


Headline News Link.....  http://finance.yahoo.com/q/h?s=MRB

[saffeysite1]

MRB (Metallica Resources)Amex -
Strong cash, no debt, Metallica Resources is a publicly held (TSX: MR, AMEX: MRB) Canadian mineral exploration and development company with a geographic focus in the Americas. The Company has recently increased its ownership interest in a gold project in Mexico to 100% and is actively pursuing its development. In addition, the Company has a 30% interest in a significant copper-gold project in Chile. Metallica's corporate goal is to build shareholder value through growth of its existing assets and pursuit of quality investment opportunities.

[setravis]

Looks like it is picking up support.

[setravis]

Holding up here.
Volume: 772,000
Avg Vol (3m): 166,397

Recent CandleStick Analysis
Very Bullish
Jan-13-2006 Bullish Engulfing 
Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.

Support @ $2.26...2.15...1.90
Resistance @ $2.48

MACD is Bullish
Stochastic is Bearish

[saffeysite1]

I am heavily vested in MRB.  I think it' only in its second wave of a five wave up cycle so far.  Could double very soon with Gold ramping up this week.

[palindrome]

Finished at HOD today @3.05. Chart looks like a bullish reversal. Who needs a chart if it is recommended by setravis, anyway?

[stocky]

applaud setravis, great pick.

[setravis]

Finished at HOD today @3.05. Chart looks like a bullish reversal. Who needs a chart if it is recommended by setravis, anyway?

applaud setravis, great pick.

Thanks fellow traders. You are to kind.    I hope folks were able to cash in on some profits there.
Looks like she has got some more to give. 

[hehe3]

NICE PICKED SOME UP AT 3.00 SELLOFF ON BS NEWS HA DELAY OF TWO WEEKS AND ALSO THE COMPANY HAS SO MUCH CASH. CHEAP GOLD PLAY AFTER THE SELLOFF. GOLD IS HOT. ALSO THEY HAVE WON THE PREVIOUS CASE EASY4 -  5 IMO

[setravis]

Well let's post a chart since you brought it up.
Gold value play with no debt and $45M in cash.
She was down, but had a big after hours......

METALLICA RESOURCES (AMEX:MRB) Delayed quote data 
After Hours (RT-ECN): 3.70  0.51 (+15.99%) 


Technicals
Record Volume
Record Price High
Most Actives
Percentage Loser

Last Price Quote is:
inf%above 13-day EMA
inf%above 50-day EMA
RS Rating: 95 

Fundamentals
Key Data:
Market Cap (M): $102.53 
P/E Ratio: 248.00 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

Volume: 1,649,000
Avg Vol (3m): 400,621

[setravis]

Press Release Source: Metallica Resources Inc.


Metallica Resources Announces Adoption of Shareholder Rights Plan
Friday April 21, 8:30 am ET


TORONTO, ONTARIO--(MARKET WIRE)--Apr 21, 2006 -- Metallica Resources Inc. (TSX:MR.TO - News)(AMEX:MRB - News) (the "Company") announces that its Board of Directors has approved the adoption of a Shareholders Rights Plan (the "Plan"), effective immediately.


The purpose of the Plan is to provide shareholders and the Board of Directors with additional time to assess and evaluate any unsolicited bid for the Company, and to provide the Board with adequate time to identify, develop and negotiate alternatives to any unsolicited bid in order to maximize shareholder value. The Plan is not intended to block takeover bids for the Company that treat shareholders fairly. The Plan is not being adopted in response to any proposal to acquire control of the Company.

The Rights issued under the Plan only become exercisable if a person, or a group of persons acting collectively, acquires 20% or more of the outstanding common shares of the Company without complying with the "Permitted Bid" provisions of the Plan. A Permitted Bid is a bid which meets certain specified conditions, including that the conditions that the bid is made to all common shareholders by way of a takeover bid circular that remains open for a period of not less than 60 days, that no shares may be taken up and paid for unless more than 50% of the common shares held by independent shareholders are deposited and not withdrawn, and that the bid will remain open for a period of 10 days after the bidder announces that more than 50% of the shares held by independent shareholders have been taken up and paid for. In the event that a takeover offer does not comply with the Permitted Bid provisions, Rights holders may purchase common shares of the Corporation at 50% of the prevailing market price at the time the Rights become exercisable. The issuance of the shares upon exercise is subject to receipt of certain regulatory approvals.

The Plan is subject to approval by the Toronto Stock Exchange, and ratification by the shareholders of the Company. Shareholder ratification of the Plan will be solicited at the Company's May 23, 2006 Annual and Special Meeting of Shareholders. If ratified, the Plan will have an initial term of three years. If not ratified at the meeting, the Plan will terminate and cease to be effective.

Metallica Resources is an emerging gold and silver producer focused on the exploration and development of precious metal rich properties throughout the Americas. It currently has 83.6 million shares outstanding. For further details on Metallica Resources, please visit the Company's website at www.metal-res.com.

THE STATEMENTS IN THIS PRESS RELEASE THAT ARE NOT HISTORICAL FACTS CONTAIN FORWARD LOOKING INFORMATION. THESE STATEMENTS ADDRESS FUTURE EVENTS INVOLVING KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO VARY MATERIALLY FROM PROJECTED RESULTS. THESE RISKS AND UNCERTAINTIES INCLUDE THOSE DESCRIBED IN METALLICA'S FORM 20-F.


Contact:
     Contacts:
     Metallica Resources Inc.
     Richard J. Hall
     President and CEO
     (303) 796-0229, Ext. 304
     http://www.metal-res.com
--------------------------------------------------------------------------------
Source: Metallica Resources Inc.

[setravis]

Gold value play with no debt and $45M in cash.
Ready to make new highs.
This looks to be establishing a Bullish Price Channel.

[njshiva]

 

[setravis]

"MRB" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                     
All history on a stock pick in 1 thread is awesome.                    
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.
Thank You....and good luck with all your trades....make some $$$   


Friday's closing chart ....... "Happy New Year" !