MMB - Magma Metals

[JoshyJ]

Guys its now at 83c. Hovering now around 80c - 83c..

Now 95c.

 

[Sean K]

I'm going to have to eat my hat very soon. This is quite extraordinary.

Up 61% at the moment. Surely can not be maintained.....

 

[noobs]

I've already eaten mine I can't se a retrace happening today - Congrats to all those who got on.

 

[Caliente]

thanks *tips chewed hat*. I got on and off for an easy grand profit, which for young me is quite a lot to make in a day

Id like to thank crazyjimsmith and pussycat for the tip.

 

[greggy]

thanks *tips chewed hat*. I got on and off for an easy grand profit, which for young me is quite a lot to make in a day

Id like to thank crazyjimsmith and pussycat for the tip.

I was too scared to get on board, but congrats to both you and Crazy Jim for having the guts to get on board.

 

[Sean K]

I don't think I've seen a chart like this before. I missed the CDU fiasco.

 

[powerkoala]

i always miss the boat
but when i jump in....
it sinks

 

[noobs]

Any thoughts on a retrace b4 2pm as day traders get out with their christmas and new year bonuses?

 

[powerkoala]

it's very hard to know.. while many buyers jumps without place the buy order...
can't predict the hype...
may be if we have "crystal ball" ?

 

[greggy]

it's very hard to know.. while many buyers jumps without place the buy order...
can't predict the hype...
may be if we have "crystal ball" ?

I too have no idea with this one.

 

[powerkoala]

still i really no idea.. how market react with announcement...
some got really good announcement yet they dump them...
but this one... i try to read couple times...
still don't get any idea what's the cause of this hype...

 

[moses]

i always miss the boat
but when i jump in....
it sinks

its called the Moses effect.

The reverse happens though when one picks a stock tip for the competetion; the stock has sat still, you pick it, then immediately it rises to a new high *before* the month begins...then once Joe has locked in its price on the first day of the month it free falls back to make a loss.

There's got to be some science behind it somewhere...

 

[crazyjimsmith]

Any thoughts on a retrace b4 2pm as day traders get out with their christmas and new year bonuses?

Nice try Noobs

 

[noobs]

Nice try Noobs

You can't tell me that this stock isn't awash with day traders now

 

[crazyjimsmith]

You can't tell me that this stock isn't awash with day traders now

Noobs I am not going to bother telling you anything.

Just sit tight and wait for that nasty crash ...............

Then you can grab a bargain!

 

[crazyjimsmith]

One thing that really annoyed me was the blatant down ramping attempts on this stock on ASF.

ASF is usually a really good forum with well researched and well picked stocks.

I was surprised that nobody here had picked up on Magma Metals so I started a thread as a good gesture.

The down ramping has really left a sour taste in my mouth.

Do your research on this guys!

In my opinion it will go much higher over the short-mid term.

Good luck to all!

 

[greggy]

One thing that really annoyed me was the blatant down ramping attempts on this stock on ASF.

ASF is usually a really good forum with well researched and well picked stocks.

I was surprised that nobody here had picked up on Magma Metals so I started a thread as a good gesture.

The down ramping has really left a sour taste in my mouth.

Do your research on this guys!

In my opinion it will go much higher over the short-mid term.

Good luck to all!

Good luck to all MMB shareholders and Merry Xmas to all.
DYOR

 

[crazyjimsmith]

Here's a post from Fiery a regular on my forum

Market Cap at 95c = $33.8m

Market Cap at 95c (including shares in escrow, options etc) = $62.0m


I have seen (informal) valuations on just the Current lake prospect of $374mil (never mind all of their other projects). So a share price of $3 is certainly not unrealistic – and in the short term!! Especially when you consider all of the Director buying in recent months!!
wink.gif

See my earlier post for more details.

I am not a financial adviser. Please do your own research!

 

[kransky]

They have results from 1 drill hole.

1.. not 2, not 10, not 50.. 1

the 2nd drill hole data says its got disseminated sulphides in it which suggests its got Pt Pd in it, nothing conclusive just yet.

Waiting for it to get a speeding ticket is not that outlandish surely... its not like the first hole had 100g/t or 1000g/t

 

[krisbarry]

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

God this sounds so much like the CDU thread and what a spectacular crash that had...while members ramped up the share price to $26 and beyond...

I do question the ethics of trade4profit, he ramps too, just uses lots of fluff in his posts.

There aint many shares on issue with MMB, this could have one mighty crash



moderators please!