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Maple Gold Mines Ltd V.MGM

Alternate Symbol(s):  MGMLF

Maple Gold Mines Ltd. is a Canadian-advanced exploration company. It is focused on advancing the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. In addition, the Company holds an option to acquire 100% of the Eagle Mine Property, a key part of the historical Joutel mining complex. The Douay Gold Project is located over 55 kilometers (km) southwest of Matagami and 130 km north of Amos, Quebec, by road. The Joutel Gold Project is 100% owned by the 50/50 Joint Venture (JV) between Maple Gold and Agnico Eagle Mines Limited (Agnico). Joutel Gold Project is located approximately 70 km southwest of Matagami and 125 km north of Amos, Quebec, by road. The Eagle Mine Property is a 77-hectare property located several kilometers west of the former mining town of Joutel in mining-friendly Quebec, Canada. Its Morris property is located approximately 30 km east-northeast of the town of Matagami, or over 110 km north-east from the Douay camp.


TSXV:MGM - Post by User

Bullboard Posts
Comment by Shylockon Apr 15, 2019 1:18pm
87 Views
Post# 29628662

RE:RE:RE:Longs are in at $ .15 - $ .25 over this past year.

RE:RE:RE:Longs are in at $ .15 - $ .25 over this past year.Stop losses are generally a good idea but these junior golds can be so volatile in respect to pricing that it is easy to lose your position and then watch the price re-establish at a higher level.  That has happened to me more than once.

I find the best way to deal with these is to have done a lot of due diligence in the company and be as sure as you can be of its merits as regards safety of the jurisdiction, honesty and capability of management and presence of an established desposit which is being actively worked to prove up ever larger amounts of gold which can be economically mined.

As Jesse Livermore said, "be right, sit tight."

https://ivanhoff.com/2017/04/20/about-that-jesse-livermore-quote/

Bullboard Posts