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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 Edapuson Nov 11, 2008 3:21pm
293 Views
Post# 15578862

average price

average price
bjorn,

You are so right about fear in the streets, here are some interesting numbers on ML for 2008.

From January 1st until September 7th (right before the sell off)  60 million shares were bought at an average of 10.33 per share.

From January 1st to November 11th 83 million shares were bought at an average cost of 8.50 per share.

Anyone selling now are taking a huge loss at $1.10.

TCM and QUA have both gone through the $5.00 margin call number and if they both break $3.00 there will be no end to the selling on them either.

good luck to all.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities