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MacDonald Mines Exploration Ltd V.BMK

Alternate Symbol(s):  MCDMF

MacDonald Mines Exploration Ltd. is a Canada-based mineral exploration company. The Company is focused on the evaluation, acquisition, and development of precious and critical metals properties in Ontario. It is focused on exploring its 100%-owned, 19,455 ha Scadding-Powerline-Jovan (SPJ) Project located 20 kilometers (km) southeast of the prolific Sudbury Mining Camp in Northern Ontario. The SPJ property consists of the Scadding, Powerline, Jovan, Blueberry, Loney and Golden Copper properties. Scadding Mine, as well as additional mineral claims that surround the Scadding Mine site, which is located in Scadding Township near the Wanapitei-Ashigami Lakes district, east of Sudbury, Ontario. Its Hembruff Copper property consists of 30 mining claims over 6.64 square kilometers.


TSXV:BMK - Post by User

Comment by Doingmybeston Apr 14, 2013 5:16pm
258 Views
Post# 21252589

RE: BMK

RE: BMK

Hi Shelbs,

I'd say at this point all we can do is wait it out. If the results are coming in, they won't tell you before a news release anyways. It is good to hear that they are on-the-ball so to speak, but more will be told when they post a result. 

From your response, the only thing that concerns me is that the losses incurred by BMK are significantly outpacing the general TSX-V. So, yes, while the TSX-V is struggling mightly, it hasn't shed 50% of it's value in the last month, and is not down 75% from it's 52 week high. Keep in mind that these losses are coming with big volume. Big volume + a huge share drop may be more than just a coincidence. 

Those concerns are not large enough to say "sell", but they do raise a question if something is going on that we aren't aware of. I obviously have no evidence, but to me something doesn't fit. 

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