MMB - Magma Metals

powerkoala said:

hm.. looks strong buyers...
is this really that good or just hype ??
up more than i can count in two days....
maybe i just watch this from now...

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I think its too late to buy this one. Its gone up too much too quickly for me to get a grasp of. Just the same though, good luck to existing shareholders.
DYOR

Not so sure, could go again today
We'll soon see though

what the %?##@%#@?
another 40% with nothing ???
this is really unbelievable....

Wilson! said:

Not so sure, could go again today
We'll soon see though

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Wilson,

I thought you were missing at sea, but you're spot on. What a rise!!!
DYOR

powerkoala said:

what the %?##@%#@?
another 40% with nothing ???
this is really unbelievable....

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The sell off is gunna kill a few punters I reckon. Be careful.

Don't speak 2 soon, the morning scramble is on just begun.

EDIT: from 90,000 sellers to 700,000 as buyers fall off.

See if it holds though.
I got in at 69.5 and should have sold at the top.

Here she goes for another run at 80c.

kennas said:

The sell off is gunna kill a few punters I reckon. Be careful.

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Kennas,
Words of wisdom. I'm keeping out of this stock, too volatile. Just watching with amazement. This is a stock that went well below its issue price and now look at it.
DYOR

Suspect If it falls below 69.5 (critical range) it will stay prob down, but if stays above 70c it may retest today highs

Who is still waiting for that nasty correction?

Noobs?

Kennas?

Given the strong nature of speculation on this stock I had a look at of all places... Hotcopper (evil I know) and found a post by a respected member known as trade4profit. His post is as follows.

/QUOTE

I suggest people try not to give their winning hands away for a fraction of it’s potential value…

In my view, we have another special situation here…or at least the serious potential for one.

We have an already confirmed strike of some 1km from a target of some 1.5km+…with indications of width up to 200m in places.

In my view this is pointing to a serious find…especially for these sorts of in this part of the world.

lol…now for some of those numbers I love so much…

To be conservative, I will assume an average width of just 50m (ranges 0-200m), a depth of just 100m (we have this confirmed already) and a strike of 1km (already confirmed)

Summary: 1000m (strike) x 50m (width) x 100m (depth) = 5,000,000 m3…x 3.2 (sg) = 16,000,000 tonnes

Discounting the high grade results from the transported materials, and paying greater attention to the average grade of all test samples,we come up with the following potential parameters…

Cu @ .5% (recoverable) x 16m tonnes = 80,000t Cu = $800m
Ni @ .2% (recoverable) x 16m tonnes = 32,000t Ni = $1,088m
PGM's 4.5g/t (recoverable) = 2,314,800 oz (assume av $800/oz) = $1,855m
Silver?
Zinc?

Total in-situ value (recoverable) = $3,743m…or… $3.74 billion

An applied market value of 10%of inground (assuming an economic resource) gives us a market cap of $374m…or about $5.67 per share.

Add cash, and other assets and you get about $6.00 per share.

Now before getting too excited, remember this will not happen overnight, but if drilling continues to confirm the nature of this find, such prices are more than possible.

Remember also, the above numbers assume a depth of just 100m…which has already been confirmed…double this to 200m for similar grade and you get $12 per share. Importantly, mineralisation to 1km is not uncommon in this part of the woods, although I would be happy with just 500m.

Clearly the potential here is significant…so if you do feel the need to be a dumbo by giving your shares away to someone else who is not, someone else who has potential done their homework, I suggest that you at least hang on to a few just in case.

I wonder how many people originally held significant numbers of shares (in the early days) in a certain other stock, with similar potential, but by the time the run was in full swing, held only a fraction of what they originally started with?

Interestingly, if your trades are going against you on this one, it’s more than likely because some pretty smart cookies are playing you for your stock…this in itself should be indication enough for most punters to hold on.

Remember, some of the best stories in recent times have seen manipulated share prices…both up and down…and none of them went up every day.

I suggest people forget the idea that this is trading from news to news…it might “spike” on news days, but from now on in my view, it is trading on results. Oh and by the way…further drilling results are actually due (zinc) according to the company…and no doubt we still have the possibility for a rushed special on the Canadian assays?

So…news will be there for those who live by such things…and significant already in the bag for those who do not.

Cheers!


/ENDQUOTE

Caliente said:

and found a post by a respected member known as trade4profit.

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Dealing with the devil there.

Well, he has a good reputation on those forums. And would you not agree that the above post is a well balanced and better look at the company than what we have so far?

Just my 2.2 cents.

Moderators feel free to delete the post if u think it violates any T&C.

juddy said:

Dealing with the devil there.

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Well said Juddy!

Caliente said:

Well, he has a good reputation on those forums. And would you not agree that the above post is a well balanced and better look at the company than what we have so far?

Just my 2.2 cents.

Moderators feel free to delete the post if u think it violates any T&C.

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Yeah, it does sound good, when framed like that. Like when YT does an analysis of potential value.

And yes, CrazyJ, I'm still waiting. I'll eat my hat if I have to. All the best!

crazyjimsmith said:

Well said Juddy!

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Crazy Jim,

I'm atleast honest enough to admit that I went to sleep on this opportunity. Even if I had bought on opening this morning I still would have been in front. I suppose its a situation of looking for stocks weith considerable potential that have been overlooked. This view of mine has served me well for 27 years. Good luck to all MMB shareholders. What a breakout?
DYOR

greggy said:

Crazy Jim,

I'm atleast honest enough to admit that I went to sleep on this opportunity. Even if I had bought on opening this morning I still would have been in front. I suppose its a situation of looking for stocks weith considerable potential that have been overlooked. This view of mine has served me well for 27 years. Good luck to all MMB shareholders. What a breakout?
DYOR

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No worries Greggy.

Hopefully there will another like this around the corner and in this current environment it is highly likely.

We'll enjoy the next train ride together buddy.

crazyjimsmith said:

No worries Greggy.

Hopefully there will another like this around the corner and in this current environment it is highly likely.

We'll enjoy the next train ride together buddy.

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Thanks mate.

greggy said:

Even if I had bought on opening this morning I still would have been in front.

This view of mine has served me well for 27 years. DYOR

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Greggy,

You choose to stay out for whatever reason, and it was prob right at the time, but the hindsight Indicator always makes us question our research and mindset after the fact.... Stick to your Research Greggy or why do it.

27 years must amount to something.

crazyjimsmith said:

Hopefully there will another like this around the corner and in this current environment it is highly likely.

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There certainly will, if the last few months, years are any indication.

Cheers
SevenFX

SevenFX said:

Greggy,

You choose to stay out for whatever reason, and it was prob right at the time, but the hindsight Indicator always makes us question our research and mindset after the fact.... Stick to your Research Greggy or why do it.

27 years must amount to something.

Cheers
SevenFX

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Hi SevenFX,
After 27 years I still make mistakes. I feel its too expensive now for my liking. There is no better thrill than to get a tip at a low sp and then follow it up with research. Still what a sp performance. I hope that people will start looking at other stocks such as MZM that have missed the boat. As history has shown, after taking profits on a stock people then try to find the next overlooked one.
DYOR