MUN - Mundo Minerals

[Go Nuke]

Good support at around 48c, so a buy order here might not be a bad thing.

They are defintely in the right game (gold) and now producing.

But it would probably be best to wait till there's a clear sign this is going up instead of down.
You wont catch the bottom.

Even perhaps waiting till the sp gets above the 200 day MA? As it will act as resistance.
Would anyone else agree with that?

(I don't hold MUN )

 

[Go Nuke]

Wow, I really feel sorry for you guys who had so much hope in MUN.

Its really taking a beating!

Even though the price of gold is quite high...its not reflected on gold stocks.

Perhaps people are more optimistic about the future and aren't looking to gold for safety?

 

[matt1987]

all positive news coming from the few quarterly results and sampling announcements made in the last few days ..... but the price is still languishing around 40c.

eps (last time i researched) were 7c for ye 30 june 2009 - this means pe ratio of 6, very low for a profitable gold miner with good exploration prospects and a defined plan for expanding production in the next few years.

i just dont get it .....

 

[Tex308]

WTF is going on with this stock ???????????
Can anyone explain why this price keeps dropping when all looks good?
I am at a complete loss!

 

[Go Nuke]

People jumped onto gold when gold was going up....now the opposite is happening.

Thats what i think anyway.

Just look at LGL for example.

Though it has fallen further than the bigger players. Fallen more than AVO even.

 

[esolano]

$0.35 relative to their DCF valuation of $0.52
good value. right time to jump on? what do you guys think?

 

[esolano]

How would I go about finding Gold miners of similar size to Mundo Minerals? I have noticed a sudden increase in buyers.

 

[Piggy Bank]

Can anyone give me a summary of what Fat Prophets published lately that has caused a massive sell off and price drop in Mundo Minerals? It has taken a pounding!

 

[Piggy Bank]

Mundo is back! No short term funding constraints to expand excellent assets due to convertible note facility announced that is highly favorable to Mundo. No discounted equity raising needed. Fat Prophets is wrong again...won't be the first or their last time.

 

[Lachlan6]

I have been watching MUN for a little while. It is looking very good in terms of symmetry and form. Will enter if it can break $0.25. Looking for a move above $0.50.

 

[Miner]

I have been watching MUN for a little while. It is looking very good in terms of symmetry and form. Will enter if it can break $0.25. Looking for a move above $0.50.

Hi Lachlan6

How are you?
I noticed your chart and comment made in Nov abou at MUN.
What is your latest analysis on MUN and what could have wrong on the charting since then and now at $.155 price ?

Regards

Disclaimer : Do not know how to interpret charts DNH