Mexican Gold Corp. V.MEX

1.4 million raised is a positive

[hisandlos]

The private placement  of 20 million shares at .07 cents gives Mexcian 1.4 million in cash
to keep things going.

A few out there seem to have a misunderstanding I would say and have sold a few shares 
down to the .09 cent level.

Some private placements will end up being sold to friendly insiders at a bit of a discount
to sweeten things up for them.   I would guess that is what we are seeing here.  I would love
to know who the lucky recepient is.

More important is the fact that the placement had no warrant attached to it.   Even more 
important is the company has generated cash to keep going forward with what most would
say is a mine in the making.   There are a lot of companies out there for people to invest 
there dollars with so the fact that someone is willing to throw a million and a half shows
the confidence that exists.

Usually the placements like this one are done just before good news comes out as a gesture
to the friendly buyer as I said earlier.  It will be interesting to see what Mexcian releases
in the news over the next little bit.  I expect that news will move this up considerably.

The preliminary economic assessment that will follow will make sure that these share
prices of Mexcian will be long forgotten  and people will only be wishing they had bought 
here.

[juspam1]

well said and Happy New year !

[hisandlos]

not to say told ya so  but  when you have been at it as long as this old fart has it was quite obvious the day they did the private placement at .07 cents  and considering practically all the gold stocks had been in correction mode since August and tax loss season was over with the  end of the year upon us  =  =  =   that this was filling up the coffers