RE: Patience - Staylorpiwell Staylorpi, I can't say a million shares in this company is were I would be sitting... but a man's gotta dream (so why not big!). We all have good stories about the large positions we sold too early; I hope you get to tell the one about how you held long enough to become a millionaire; I love hearing stories like that... (fishing with friends as they talk about stocks like IART, SWG, SW, GOOG, PLE, one of my fav's OMG, and recently ARQ, and countless many others).
Any way, I have been buying ASD too. I can't see owning a million, but as you say, If all goes well over the next 2 years, maybe 50-100K would be a nice number. They really haven't capitalized on our gold bull, but if gold is at $1000 in two years, this stock may just have a shot of buying me a new fly rod (and maybe a new cabin to go with it). We'll see... but I think I'll buy to .35 before I would admit defeat. (NO INVESTMENT ADVICE INTENDED - just talkin' out load here folks...).
OK, so why ASD? ...well, because it looks pretty cheap to me! and, because the shareholders are upset, it hasn't been promoted as well as it could be, BUT most importantly, because they have a lot of (potential) gold in the ground. Did I mention...
a lot of gold in the ground Also, because when a "real" news release comes out, folks are selling into the bottom; it doesn't make a lot of sense to me. Lastly, because it looks like sellers are selling on emotion (frustration to be exact).
IMO, with some good housecleaning (removal of the overhang that dogs this stock - which will be no small job) it really looks pretty good to the upside... of course, I'm clearly biased because I hold it.
BTW, did anyone actually read who just signed up as advisors to this company. These guys are as REAL as it gets. IMO, they signed up because this is also a REAL offering.
Seriously, read the NR below again (at least read Patrick M. McAndless's profile and check out his stock TSX:III):
good tradin'
-oldtimer
P.S. Again, no investment advice intended. I have been wrong about stocks like this before and will be wrong again. I will sell my position if I think I got it wrong and would not post here until my position was cleared. So, every man for himself (as it should be on all stock exchanges!).
Acero-Martin Announces Creation of Advisory Board
5/9/2007
VANCOUVER, BRITISH COLUMBIA, May 9, 2007 (CCNMatthews via COMTEX News Network) --
Acero-Martin Exploration Inc. (the "Company") (TSX VENTURE:ASD)(FRANKFURT:AMX) is pleased to announce the establishment of a Technical Advisory Board to provide advice on the development of the Pinaya Gold-Copper project.
The Company is honored to announce the appointment of award winning professional geoscientist Patrick McAndless, noted geologist and geochemist Dr. Barry Smee, and experienced mine developer Malcolm Swallow to the Advisory Board.
"We are deeply honored to have Mr. McAndless, Dr. Smee, and Mr. Swallow on our Advisory Board," said Donald Gee Acero-Martin's President and CEO. "They are well respected leaders in the industry and their experience and expertise will be invaluable to the future development of the Pinaya project."
Patrick M. McAndless, B.Sc. (Honors), P.Geo., has been involved in base and precious metal exploration for four decades accumulating extensive knowledge and expertise in the evaluation of mineral prospects. Patrick is currently the Vice President of Exploration for Imperial Metals Corporation (TSX:III).
In 2006, Mr. McAndless was the recipient of the APEGBC's 2006 C.J. Westerman Memorial Award. In 2005 he was honored by the British Columbia & Yukon Chamber of Mines and awarded the H.H. "Spud" Huestis Award for Excellence in Prospecting and Mineral Exploration, and in 2003 he received the Northern BC Prospector of the Year Award at the Northern BC Business & Industry Awards.
Dr. Barry W. Smee, Ph.D., P.Geo., is a renowned geologist and geochemist with more than 30 years of experience in the mining industry. He is a founder of Smee and Associates, an international geology and geochemistry consulting firm.
Dr. Smee has been an advocate of standards for exploration sampling and quality control for Canadian stock exchanges and regulatory bodies. He holds a B.Sc. in chemistry and geology from the University of Alberta and a Ph.D. in geochemistry from the University of New Brunswick. In 2005, Dr. Smee was awarded the J.C. Sproule Memorial Plaque by The Canadian Institute of Mining, Metallurgy and Petroleum "in recognition of a career dedicated to the advancement of geochemistry and mineral exploration".
Malcolm J.A. Swallow, B.Sc. (Honors) Mining Engineering, FIMMM, P.Eng., is a professional mining engineer with over 35 years of mine construction and operating experience. He is experienced in both precious and base metals, while at the same time managing the corporate affairs of a number of London and Toronto listed companies. Currently Malcolm is Chairman and CEO of La Quinta Resources Corporation (TSX VENTURE:LAQ).
Mr. Swallow has extensive experience in evaluation and development of operations from green fields sites through exploration, planning, permitting, feasibility and financing, to construction into production.
Drilling and development work is continuing at the Pinaya project. Currently, there are two rigs on site with a third scheduled to arrive in June. The objectives of the 2007 drilling program are to:
A) Move the high grade Gold Oxide Skarn Zone towards production with infill and step-out holes.
B) Expand the copper-gold resource at the Western Porphyry with step-out holes.
C) Test the prospective trend followed by the Montana de Cobre, Minas Jorge, and Don Pedro targets.
An up-to-date drill plan map is available at: https://www.aceromartinexp.com/_resources/Topo_Drill.pdf
The Company is compliant under National Instrument 43-101 for the Pinaya project. Cary Pothorin, P.Geo., is the qualified person responsible for the exploration program at Pinaya and is supervising the quality control and quality assurance program. A quality control program of standards, blanks and duplicates is maintained.
About Acero-Martin Exploration Inc.
Acero-Martin Exploration Inc is a mineral exploration and development company with projects in North and South America. The Company is currently focused on developing its flagship gold-copper project, Pinaya, in southern Peru. Acero-Martin offers investors the opportunity to share ownership in the rapid development of the project to production. Acero-Martin trades on the TSX-Venture exchange under the symbol ASD and the Frankfurt stock exchange under the symbol AMX.
ON BEHALF OF THE BOARD
Donald Gee, President and Director
This news release has been prepared by management. This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or achievements implied by these forward looking statements. We seek safe harbor.
SOURCE: Acero-Martin Exploration Inc.
Acero-Martin Exploration Inc. Investor Relations 1-877-646-0067 (604) 646-0640 (FAX) Email: info@acero-martin.com Website: www.acero-martin.com