MUN - Mundo Minerals

[imajica]

The Fat Prophets Mining report published after Wednesday's close gives Mundo Minerals (MUN) a buy recommendation and a very positive write-up indeed.

MUN is projected to be "a long term success story for Fat Prophets members".

It's very rare for a stock to get red hot buy recommendations from both The Bulletin's Speculator column and Fat Prophets (probably Australia's two most influential & widely read market sources) in the same week.


read their latest release: 54% percent upgrade to their gold resource

 

[Brujo]

Mundo is on the move!

I think a combination of encouraging developments in Brazil, encouraging results in Peru and, perhaps, the general market waking up to something outside of the current uranium craze.

With the strength of this board, this should be a solid medium long-term performer.

 

[hangseng]

Mundo is on the move!

I think a combination of encouraging developments in Brazil, encouraging results in Peru and, perhaps, the general market waking up to something outside of the current uranium craze.

With the strength of this board, this should be a solid medium long-term performer.

On the move bigger than you think. Just have a look at the chart and the current breakout from the tight bollingers. End of the trading channel and is about to break sharply upwards (again).

With so few shares on offer with exceptional management and fundamentals, I am expecting big things from MUN over the next 2 weeks. Especially next week, I believe this may have caught more than just the attention of Fat Prophets (of which Brujo has read ) judging by the way it traded last week.

 

[ta2693]

They are focusing on medium grade, medium tonnage gold resources in Brazil with 1/10 of exploration cost of Australia. It is expected that the company will be producing gold from the Engenho Gold Project within 18 months of the Company listing on ASX. It looks good for me.

HS , Do you know whether there is any positive rumor go around?

 

[hangseng]

They are focusing on medium grade, medium tonnage gold resources in Brazil with 1/10 of exploration cost of Australia. It is expected that the company will be producing gold from the Engenho Gold Project within 18 months of the Company listing on ASX. It looks good for me.

HS , Do you know whether there is any positive rumor go around?

All you need to see is in the Fat Prophets reports and the past MUN announcements and directors interests. I don't deal in rumours only what I know to be facts, I have all the facts I need. A fact is FP like MUN very much, as I do, and it would not surprise me at all to see another report out shortly.

MUN do have a lot of positive news pending regarding both Brazil and the Peru projects. You could speculate the recent interest is related to news coming but I don't know that as fact, I would put it down to the FP interest, extremely low number of shares on issue, projects progressing as planned/ strong cash position and the extremely bullish chart.

 

[gilbertw]

I like Mundo very much, however everything is speculative until they do actually make production and the market sits up and takes notice. Irrespective of what they do short term, current price is good, probably not a trading stock more a long term hold I think. The others I like are GBG, ROY and GDN, still all very speculative..... life's a gamble

 

[ta2693]

It has very impressive performance today.
HS, I have to say you are very good at picking Gold company. I benefit a lot from your advice on AAR and this one.
Thank you.

 

[hangseng]

It has very impressive performance today.
HS, I have to say you are very good at picking Gold company. I benefit a lot from your advice on AAR and this one.
Thank you.

Not advice ta2693, I never give advice. Just sharing my thoughts and research. I get a lot out of ASF and I like to return the favour.

Cheers
Hangseng

 

[nizar]

I bought this one at todays open after the blue sky break on volume on friday.
There were two options as to how she would move:
1. Low volume pullback to the breakout point eg. 49-50c.
2. Run like a champion.

Im very happy shes picked the latter

 

[hangseng]

I bought this one at todays open after the blue sky break on volume on friday.
There were two options as to how she would move:
1. Low volume pullback to the breakout point eg. 49-50c.
2. Run like a champion.

Im very happy shes picked the latter

Went down early but a strong close again today. Strong signs in a down market. Good to see the body of that candle closing at the upper end of the previous day.

I wonder why the sudden interest, apart from the obvious positive fundamentals of MUN?

 

[ta2693]

The way of MUN trading is very like from professional buyer.
Nothing to worry. My time horizon on this one is at least a week.

 

[Go Nuke]

I know that about 1 month ago Fat Prophets recommended MUN...

or so i was told by someone who subscribes.
I should have bought into it, but already hold a gold company and its not really my flavour at the moment

Im kinda wishing I had bought into it though.
I did post it on the "Potential Breakouts" thread.

Bought into CFE and ROY instead.

Goodluck to you guys

 

[hangseng]

I know that about 1 month ago Fat Prophets recommended MUN...

or so i was told by someone who subscribes.
I should have bought into it, but already hold a gold company and its not really my flavour at the moment

Im kinda wishing I had bought into it though.
I did post it on the "Potential Breakouts" thread.

Bought into CFE and ROY instead.

Goodluck to you guys

Fat Prophets did recommend MUN recently and with good reason. Even if you choose not to buy place this on your watchlist. As per recent reports and the Fat Prophets report lots of good information is pending with MUN regarding both Peru and Brazil. They WILL be mining by early 2008 and they have clearly stated as much. This stock will be rerated very soon in my opinion, absolutely excellent fundamentals, projects and management.

 

[wildmanchris]

There was an update today for the Engenho Project which was listed on their news. Not knowing much about the industry - is that good news, bad news or indifferent?

 

[hangseng]

There was an update today for the Engenho Project which was listed on their news. Not knowing much about the industry - is that good news, bad news or indifferent?

Excellent actually and, true to form, as previously announced and planned by the board of Mundo. Very refreshing approach to keeping shareholders informed.

Mundo are commencing mine development very soon and will be producing early 2008 in Brazil. Very low cost production and large resource size. Grades are low to moderate however this is significantly offset by the very low cost to mine and process in Brazil, Peru will be even better.

In my opinion I believe Mundo will be one of the worlds largest gold mining companies with 2 years based on the Peru and Brazil developments and additional projects that will inevitably come. Management of Mundo are simply first class and very aggressive in their pursuit of progress and excellence.

 

[Pommiegranite]

Hi all ,

I've ummed and ahhed about buying MUN. The main reason I haven't yet is the POG.

In the Feasability study of Engenho, they forecast a total production cost of $376US/oz, based on what was believed to be a conservative POG at $640US/oz.

With the POG on a recent downward trend, wouldn't you consider this Engenho to be borderline should the POG to move further south.

I've not read the Fatprophets report. Is the POG mentioned at all?

Thanks

 

[mick2006]

I'm with you PG I have been looking closely into MUN with the company certainly having a positive outlook, but I can't bring myself to buy into any gold focused companies as it seems very hard for gold miners to make substantial profits going forward. Every other week you read of another potential gold miner pulling the pin on a project to focus on exploration.

 

[hangseng]

When you consider a company like Newmont Mining announced the complete elimination of its entire 1.85million ounce gold hedge position, to maximise gold price leverage. You would have believe a major decision point was that Newmont believes the gold price is heading higher.

Also consider this fact that not many are aware of. The chairman of Mundo George Jones, in his early days following his time in the ANZ Bank as a business investment banker (and prior to Portman days), one of the first in Australia to introduce gold hedging along with another very conservative ex banker in their own company. George Jones knows the gold market extremely well and does not speculate. He is, and always has been, in his own words "conservative". George Jones is on Mundo because it will be extremely successful, so am I.

Do your research on this highly successful financier and the people he surrounds himself with, then watch closely the Mundo developments and you will begin to understand why I am so bullish on Mundo. I add that Mundo are completely unhedged.

Also consider this excerpt from Market Watch in relation to the gold direction.

Bill Rummel, a coin collector and investor for decades, predicts that "all collectables are ready for ignition -- again."

"It's asset redeployment," he said. "Most people are momentum investors and don't buy until prices are much higher -- too high -- and will sell in despair near the bottom."

"Don't attempt to jump aboard a runaway train," he warned.

Fine line

Of course, don't forget the plethora of other investing options for the precious metal.

There's the gold futures market, mining shares, ETFs that invest in gold itself and others that invest in mining companies, and custodial gold products. Some of these choices straddle the fine line between physical and paper ownership of the metal.

First, it's important to remember that gold is money and should therefore go in an investment portfolio's cash component, said Turk. And cash is "liquidity and savings."

Mining stocks are an investment and clearly go in the stock component of a portfolio, he said.

Then, the question to ask yourself before you decide in which form you should buy gold is "are you a speculator, investor or saver?" said O'Byrne.
"Physical [gold] is bought for investment, saving and financial insurance,"
http://www.marketwatch.com/News/Sto...0738A-740E-457A-9B96-14E4D53AC7DD}&siteid=nbk

My disclosure
I am not a gambler, I am an investor. I now have a significant exposure to Mundo.

 

[hangseng]

The latest announcement confirming Mundo are aggressively pursuing additional resources to add to the existing Brazil project and Peru.

They just keep producing the goods and will continue to do so.

 

[wildmanchris]

Mundo requested a trading halt after the market closed today - hopefully they have some good news about their projects.

HS - do you have any idea what it is about?