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Magellan Minerals Ltd MAGNF

"Magellan Minerals Ltd is an exploration stage company. The Company along with its subsidiaries is engaged in the exploration and development of mineral properties, with a focus on gold properties in Brazil."


OTCPK:MAGNF - Post by User

Bullboard Posts
Post by Adahondeayenhon Feb 18, 2010 10:25pm
303 Views
Post# 16798335

Could MNM be a buy?

Could MNM be a buy?
Look at the RSI indicator at the very top... It's very low atm .

Remember Jay Taylor has said he plans to get in on gold mines around the beginning of the year. He also said MNM was a 2010 favorite. Also, ... $1.75 or $1.60 12 month price target set on this stock? I don't quite remember.

A good buying opportunity could be presenting itself here. We'll have to see how the stock performs in the next week or 2. The question is what is the low price it could be heading to?

A lot of gold stocks are oversold right now...

I own shares for good reason, and have held for a LONG time... I don't want to make a buy or sell recommendation, so please do your dd.
Bullboard Posts