Mercator Minerals Ltd MLKKF

Metals & Mining Industrial Metals & Minerals

Mercator Minerals, Ltd. is a mineral resource company engaged in the mining, exploration, development and operation of its mineral properties in Arizona, United States and Sonora, Mexico. The Company’s principal assets are the 100% owned Mineral Park Mine, a producing copper-moly mine located near Kingman, Arizona and the El Pilar Project located in Sonora Mexico. The primary focus of the Company is the expansion of copper production and molybdenum concentrate production at the Mineral Park Mine, and the development of the El Pilar Project. Its other projects include The El Creston molybdenum property, which is 175 kilometers south of the United States Border and 145 kilometers northeast of the city of Hermosillo; Molybrook, which is located on the south coast of Newfoundland, and Ajax, which is located 13 kilometers north of Alice Arm, British Columbia.

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Mercator Minerals Ltd

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Post by schoron Apr 15, 2009 9:40am

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Post# 15918882

halted and the trading

I did mention that the volume the last few days could be an indicator of a PP. Normally people on a prev pp will sell their shares, hang onto their warrants in order to put together some capital to get into the next PP.

Halts are not normally done for a PP, but with the trading of late, it could be an announce of a PP.

I take this as a good thing as it removes the financial risk of getting phase 2 into production as well as covering debt obligations.

If they do a financing, I will take that as a positive, let's just hope it is not a lowball pp, I would think in the 1.30-1.50 range for a pp if that is what it is.

Schor

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