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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.


GREY:MLKKF - Post by User

Mercator Minerals Ltd
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Comment by jims101on Jul 23, 2008 5:29pm
253 Views
Post# 15322950

RE: ouch!

RE: ouch!

I was concerned we'd see $8.50 again, but on a take over offer for some other miner...or prospective miner... not on a almost complete coming apart of the resource stock investment theme which looks to have been coordinated and inspired by the FED the Treasury and their pals.

Copper I notice has been reasonable stable while all around it are crashing. Will we see some type of dramatic "V" shape bottom in resources...I rather think not, but then that's what I've thought before and been wrong. It may take till March of next year before we see $12 again, when there are some significant earnings appearing on ML books and in the financial press...but that'll only be four times the late 2009 run rate for earnings.

Will resource stocks stay that depressed for that long. Seems now they are factoring in a pretty deep and prolonged recession extending to Europe and eventually Asia...all the while a steady dollar...

Copper
https://stockcharts.com/h-sc/ui?s=$copper&p=D&yr=2&mn=8&dy=0&id=p11064261078&a=29001341&listNum=1

Suppose I ought to have my buy orders in above $7.30...that price has held on two declines in the last 8 months. Might get there on a resource stock capitulation of some sort, though we're pretty oversold now..

https://stockcharts.com/h-sc/ui?s=ML.TO&p=D&yr=1&mn=7&dy=0&id=p00510700341&listNum=1&a=69177202

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