Minefinders Corporation Ltd T.MFL

A steal

[PianoMan]

I bought a fairly large (for me) position in MFL/MFN  today.
Some good signs for me. A lot of disgruntled shareholders, bitching about management. Ridiculously low stock price considering the recent run-up in gold. A producer about to have a lot more production, max prod and soon a second mine.

Winning conditions, a typical Buy Low sell High story

My take:

Management was good enough to develop two high quality properties, get the funding to explore, build mine etc...with reasonable dilution. A success story.

Ok I will give you that operating the mine from start up was not the best performance. But problems are behind, soon will be anyway. Properties are good quality, so a bit more money will do it, just  later than earlier. And the stock is not at 18-25$ like it should be
.
Gold may correct but it`s on its way to 2000$ by Oct 2011. US gov still printing money. Economy still struggling, inflation there despite all the problems, inflation will return lightning fast the moment the economy picks up.

I can't find a better deal with producers/explorers right now without speculating like crazy  (and I do!)
good luck

P.

[brazil_83]

Been an investor in MFN for about 2 years, and still holding/hoping.  Agree with your appraisal, but given the resources and the current problem (leach pad tear), the obvious solution to that tear, the fact that none of the resources went away - just got delayed --- given all this, the horrible underperformance of this stock does not make sense.  Usually MFN hides their problems and the

[PianoMan]

Hi BrazilMy read is as the last part of your post. I think many investors/funds are pissed off and bailed out or were vocal about it. Money went to the high moving ones hurting the stock. Management did not do well but value is value. Even bad managers can't screw that> In this kind of market. MFN will rise again, will just take a little longer but the reward will be great from here...P.