MUN - Mundo Minerals

[Tukker]

Tukker, there sure is some news expected this month!!
Mundo commencing their gold production phase by end of month as stated in the update last week. This was due to occur in March but due to wet weather will now occur by end of this month. Exciting times ahead IMO for MUN with production starting aswell as a number of very promising exploration projects on the go. Not sure why the SP dipped on Friday .... i almost bought more

Thanks AussiePaul72 for the response Production by May would have been calculated into the sp already one would think. Gold looking to take a bit of a dip in the coming months and might have an effect. I think the sp will recover sharply on Mon (T/A), ill wait and see.

Dosen't rain much in Peru, good news for that

 

[hangseng]

Thanks AussiePaul72 for the response Production by May would have been calculated into the sp already one would think. Gold looking to take a bit of a dip in the coming months and might have an effect. I think the sp will recover sharply on Mon (T/A), ill wait and see.

Dosen't rain much in Peru, good news for that

Strong interest in MUN over the last 2 hours, seems to have a lot of support at present. Watched off screen buying taking everything in two bites from .65 through to .68 a short time ago. Now a bit of a tug of war going on

News on the first gold is imminent. A classic first class gold play with top management and I can see why Fat Prophets recommend them so highly.

 

[AussiePaul72]

Strong interest in MUN over the last 2 hours, seems to have a lot of support at present. Watched off screen buying taking everything in two bites from .65 through to .68 a short time ago. Now a bit of a tug of war going on

News on the first gold is imminent. A classic first class gold play with top management and I can see why Fat Prophets recommend them so highly.

Really surprising to see MUN drop down into the lower 60's today briefly. Must be short term traders selling as there appears to be no other reason for the dip in SP. I think watchers swooped in today realising the very good value that MUN is at present. We should be seeing an announcement out soon regarding their first pour of gold signifying MUN's move from explorer to producer. However, MUN have a number of other very promising projects that are at various stages of exploration. IMO this company is very well managed and has a lot of future potential

 

[hangseng]

Really surprising to see MUN drop down into the lower 60's today briefly. Must be short term traders selling as there appears to be no other reason for the dip in SP. I think watchers swooped in today realising the very good value that MUN is at present. We should be seeing an announcement out soon regarding their first pour of gold signifying MUN's move from explorer to producer. However, MUN have a number of other very promising projects that are at various stages of exploration. IMO this company is very well managed and has a lot of future potential

You have that right AussiePaul, I was one of the swoopers and couldn't believe my luck. No sooner I was in the big buyer came in and bought at market up to .68 in a couple of quick buys, no better sign of things to come.

 

[beach]

MUN will be one to watch from here on end, from what ive researched you couldnt find a better junior than MUN, experienced management, and GEOs which is vital in the Jnr gold sector, production to underpin exploration, greenfields, has the lot, long term gold bull market in tact. seems as though money has gone out of this sector in the lest few month and gone into more speculative stocks since the subprime credit thingy has subsided, but it will rear its ugly head again and gold and quality gold stocks will do well, mun is a low risked high reward investment a gem in the jnr sector, very hard to find a stock like MUN. iam in and a big fan just have to have a little patients, gold pour in the next few days i reckon, 8 mil in the bank and another 10 mill plus from engenho this year. beach

 

[Go Nuke]

Gee guys whats happening to your Mundo Minerals??

The share price looks to be going the same way as SBM!

Is it the weakness in the POG? (Even if it is at its highest levels in years)

 

[beach]

dunno nuke its pretty disappointing, fell down to 55c which i reckon was a real bargain, expecting it to move up from here no end. gold pour should be very soon,

 

[AussiePaul72]

dunno nuke its pretty disappointing, fell down to 55c which i reckon was a real bargain, expecting it to move up from here no end. gold pour should be very soon,

Hey Beach, hopefully we have seen the bottom at 55c.
Did anyone else notice a turn around in MUN today? On a very poor day on the overall market buyers started accumulating and SP bounced up to 64.5c before settling at 62c at close. Buyers now outnumber sellers and with almost 200,000 sitting on the buy side at 60c it would need to take heavy selling to see sub 60's again. Personally i think MUN is still a great buy at these levels in the 60's with production of their first gold bar very soon.
I am a holder (currently at a loss) but have not contemplated selling at all. MUN can't stay at these levels for too long IMO. Please DYOR as this is just the way i see MUN at present!! Here's to better times ahead

 

[AnDy62]

Hi guys, could you fling us some numbers- JORC? Annual production? Costs? Gold really should start to get going once oil slows economies, lower interest rates and more money printing out. Cheers....... Andy

 

[tnargak]

Guys with the first gold pour expected very soon, what kind of effects does that usually have on the SP?

P.S - New to stock trading

Current holder at 0.62c

 

[Go Nuke]

Hi guys, could you fling us some numbers- JORC? Annual production? Costs? Gold really should start to get going once oil slows economies, lower interest rates and more money printing out. Cheers....... Andy

Actually Andy the interest rate cuts may only be here in Aus.

The U.S.A is talking of increasing their interest rates now, and I think China has been doing the same to reign in inflation.

Even we are not entirely safe from a rate hike.

Though i'm suprised to see the POG gold falling considering the continued instability in global markets

Gold and oil usually go hand in hand don't they?

 

[F-P]

Hey Beach, hopefully we have seen the bottom at 55c.
Did anyone else notice a turn around in MUN today? On a very poor day on the overall market buyers started accumulating and SP bounced up to 64.5c before settling at 62c at close. Buyers now outnumber sellers and with almost 200,000 sitting on the buy side at 60c ...

Most likely attributable to Fat Prophets putting out a "buy" recommendation on it the previous night.

 

[hangseng]

Hi guys, could you fling us some numbers- JORC? Annual production? Costs? Gold really should start to get going once oil slows economies, lower interest rates and more money printing out. Cheers....... Andy

You will find all you want right here http://www.mundominerals.com/mundominerals_projects.aspx#Engenho

As for the first gold pour it is happening right now. Fat Prophets stated as much in the report yesterday and to quote them results are "imminent".

With gold forecast now by Macquarie, Fat Prophets and more recently Dawes of Martin Place Securities to go well over the USD$1000 mark and Dawes stating $1500 (he is remarkably accurate in his resource stock calls). Mundo is set to become a major gold producing company with the leases they hold.

With Barry Eldridge at the helm now that Jones has left, Mundo has been passed on to very capable hands indeed.

 

[gilbertw]

Announcement out today - first gold pour. No spcific details re weight of ingot but atleast it has happened.

I also expect great things from this stock. I don't see any justification for the rapid drop in shareprice over the last few months.

This is still my favourite and yes a long term hold for me. A good buying opportunity in my view.

 

[Go Nuke]

Wow slipping below 60c today.

MUN seems to be really out of favour Doesn't it
Even after announcing their first pour.

 

[hangseng]

Announcement out today - first gold pour. No spcific details re weight of ingot but atleast it has happened.

I also expect great things from this stock. I don't see any justification for the rapid drop in shareprice over the last few months.

This is still my favourite and yes a long term hold for me. A good buying opportunity in my view.

Read below and re-assess what MUN will be doing this year now. MUN is looking very good for the future, it will be an excellent market hedge stock IMO.

Current gold price - ~US$928 (forecast to go over $1000 and as above some say to $1500)
Current A$:US$ exchange rate of 95 cents

"The Engenho Gold Mine is now assessed as being fully operational, completing Mundo’s transition to full production and cash flow."
Source: www.mundominerals.com.au

"Based on a gold price of US$750/ounce (well below the spot price) and an A$:US$ exchange rate of 88 cents, the Engenho Project is forecast to generate earnings before interest, tax, depreciation and amortisation (EBITDA) of A$12.8 million for 2008 and A$17 million per annum thereafter."
http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=45694&sn=Detail

 

[Goldmann]

Wow slipping below 60c today.

MUN seems to be really out of favour Doesn't it
Even after announcing their first pour.

very similar to my old friend DIO which has been hammered in the last few months... also just had first gold pour.

 

[Tex308]

Hi all,
I'm new to this and have been watching these shares over the past few weeks.
Everything looks good but the price keeps going down.
Should I buy now or wait for it to level out or start to climb again?
I am a noob at this so any replies in plain english will be greatly appreciated.

Thanks!!

 

[serp]

Yeah something is not right with this stock, I think a lot of people hold it on this forum so it gets talked up a bit!

Seems like there will be more smashing of resource stocks next week as well :/ Not a good time for investing.

But in 6 months, who knows?

 

[Tex308]

Sweet, I might just keep an eye on it over the next few weeks/months.
I'm looking for a long term investment, in the hope these guys take off!

Cheers.