MMN - Macmin Silver

[rederob]

You mean these jokers not only have silver gold and zinc? lol About time they paid up for all the pain and suffering the faithful have endured.

You too!
I first bought in 3 years ago and have added on dips - wondering when the tide would turn seeing the silver price kept rising!
Last added 20k at 20cents via their January offering to shareholders.
If you recall well, McNiel announced last April that MMN would have a silver mine up and running in 6 months. Well, we're a bit slow up here in Queensland, as you have now gathered.
I hope our wait is rewarded accordingly.

 

[crackaton]

You too!
I first bought in 3 years ago and have added on dips - wondering when the tide would turn seeing the silver price kept rising!
Last added 20k at 20cents via their January offering to shareholders.
If you recall well, McNiel announced last April that MMN would have a silver mine up and running in 6 months. Well, we're a bit slow up here in Queensland, as you have now gathered.
I hope our wait is rewarded accordingly.

Well they have been on tender hooks for quite some time, I must say.

 

[crackaton]

More excuses to come? Or are we going to see a mine and the money? I note the director has sold again and coverted some of those .20 cent option so in a way I guess he has more shares than ever.

 

[moses]

Any thoughts on MMN?

I bought this stock at 37c, currently trading at 26.5c, so not a star performer for me atm but I understand silver can be volatile. If I'm going to do some stock pruning before end of June, then MMN may well be on the block.

So...how do others see this stock and would you hang on?

 

[Sean K]

Moses, I'd be adding more around the .20 -.23c mark. Although, if it breaks that support it could head back to .12c!!! I don't think that's likely however.

POS is consolidating and if PMs rebound as expected then it should go back to $14, which is where it was when you bought at .38c I think.

The engineering equipment arrives at Texas site on 01 July (hopefully) so I'm sure they will announce that, and the progress of earth removal/mining.

Supply/demand funadaments should lift POS back up and the stock will move accordingly without any significant new develpments IMO.

 

[globeexplorer]

Good morning guys!

Quite a while - the last comment in the Macmin-Thread. Did so many get out of that stock-paper? What do you in general think about the current low price $ 0.30 - shortsellings, naked shorting or just the missing link to news? Glo

 

[Sean K]

Should be an update shortly. POS still around $11.00 and not doing a whole lot. MMN will move up (or down) with the price, but upside potential with Texas progressing. This is an investment for me as opposed to a trading stock. Just holding as I think it has legs.

 

[globeexplorer]

Hello2all!

Macmin Silver discussion here almost has fallen asleep. I've been holding a 100k package of MMNs. Started to buy early December 2005 first time 25.000 for 24 cents, increasing until 40 and then buying again on low level of 22 three weeks ago after that day-crash minus 23%. My average price is 30 cents at the moment.

I made myself familiar with the history of MMN the last three years. What kind of reputation does it have currently on australian stock-market? Is just everybody waiting for the official beginning of production? Are people so few interested on the potential of silver?

Facing contras and for me even more pros, I keep staying a long-term investor to MMN. At the beginning of June I sent an e-mail to one manager, Mr. O Neill, with three questions: especially about the $ 11 Mill. and got a short but quick answer after two days. At these stages until the beginning of production they will do fine with that amount of money. Replies here on this board are very welcome - Glo

 

[globeexplorer]

Hello! With the current POS U$ 11,50 the share of Macmin is up to 30,5 cents.

 

[globeexplorer]

POS still showing a more than acceptable level of U$ 11,60. Macmin will be a high alternative for an investment in silver with the beginning of production this season - especially to all these canadian silver producers operating in Mexico and facing a down move because of political tensions.

 

[rederob]

Globe trotter
MMN has yet to show its true colours, and I agree with your views.
I expect that as soon as they have "sold" some of their freshly mined silver powder the market will realise we have a newcomer that is actually delivering.
I too hold a large slab of MMN and MMNO so daily movements swing me the odd thou$$and up and down on this one alone.
I have yet to sell any MMN and intend to see what the company's cash costs are before even taking that decision.
By the way, MMN has 6% shareholding in Tasgold.
And a week ago Tasgold changed its name to ......

 

[globeexplorer]

Hello Rederob and to other visitors!

About six weeks ago, Mr. Denis O Neill wrote me as a personal answer on my question-mail: the current calculated costs per ounce of silver are A$ 9.

POS about A$17 is a good level for the Macmin-Management to operate. Hope we are not the only shareholders of Macmin and the promised aims of the company will be realised the coming up months.

By the way, this not meant to be a trivial pushing of an emerging miner. Just making a constructive revival here on this discussion board.

 

[Sean K]

I like that it's been creaping up since the correction but it's struggled at the .33c mark. Once it clears that then it should be on it's way again. I'm long term bullish on this.

 

[globeexplorer]

Good morning to everybody!

Yesterday tuesday, Macmin Silver showed off in Germany and was traded up plus 11% with a volume of 3 millions. Main reason: an internet magazine "aktionaer" published a recommandation on MMN with a >strong buy<. Let's see what will happen in Sydney in about two hours from now -))

 

[rederob]

Good morning to everybody!

Yesterday tuesday, Macmin Silver showed off in Germany and was traded up plus 11% with a volume of 3 millions. Main reason: an internet magazine "aktionaer" published a recommandation on MMN with a >strong buy<. Let's see what will happen in Sydney in about two hours from now -))

I will be glued to the closing price!
The transformation from explorer to producer is almost complete.
Despite being only in the little league, MMN is a serious longer term play as silver metal deficits can only propel the price higher going forward.
I regard it as a bargain at present prices, even though I last bought in at 34cents - silly me.
Anyhow, the bottom line with these companies and trends is that they typically reclaim former highs, with that price becoming a platform for further forays north. In other words, expect the lows later in the year to hit 44cents: The highs will of course be higher.

 

[Sean K]

Broken out I'd say.

I bought in at over .40c so eagerly awaiting further anns and the POS is looking much healthier.

 

[globeexplorer]

Hello2all!

POS soared up 2% showing a lightly-bullish U$ 12,30 during Friday's stock-trade in America.

Macmin Silver's closing price in Germany the same day: 34,5 cents. Finally recovered well, but can can do much better-)).

 

[Sumthinggg]

Hello to all,
I have been invested in MMN for a few years now and i will stick to my original prediction as this stock in my mind being a long term investment. The key to MMN's success is the ever increasing Silver price, where if continues to climb and can break away from the shackles of Manipulation from the bigger silver traders/sellers around the world, it will shine like know other metal. Silver is considered as the "Poor Mans Gold" in some respects but its true value and benefits are enormous. I think it is still sometime before it really takes off but when it does it'll be too late for most, the storm is brewing out at sea but few people know on land that it coming our way

This is only my opinion and would enjoy other peoples views regarding this stock whether it be good or bad!!!

 

[stiger]

Just looked up adit so Tally Ho!!!

 

[rederob]

Five or six years ago I was skeptical about "manipulation" of silver and gold prices.
Having followed these markets very closely for years now, I am convinced the manipulators rule the waves, most of the time.
They have, however, been caught out by a larger wave of silver "accumulation". This giant wave continues to absorb the relentless selling by manipulators, and has established ever higher platforms in recent years from which new highs are achieved.
To prove this latter point, a few minutes ago I saw silver prices drop 30cents in about 10 minutes, within part of an overall decline of 50 cents in a few hours (low of $12.16 on forex silver site).
If I am correct, I am hoping that by tomorrow morning we will be back where POS started today - around the $12.50 mark.
More later.........