Mega Precious Metals Inc MPRXF

Financing

[EReal]

The company will need a financing soon. We need to see some good results from Monument Bay, or better yet, Headway, for it to go well. I don't think its likely they'd do so small a financing as $3 million, which would keep them going for two and a half months and frankly that's a bit of a ridiculous thing to say. On the plus side, the company seems to be well connected - the last financing at 80 cents was made at a 25% premium to the share price, and with no warrants. I'm hoping our company can manage to finance at a higher price than this. The rally we are seeing is based on NIA pumping and volume was quite decent on Friday

[threepalms]

The only reason why I suggested 3 million might be possible is the following.Presently they have approx. 4 million.Jim has stated that they will only do a small financing in the coming months unless the stock takes off so to speak. (so if a financing is done sub $1.00 as Jim suggested it would only be for immediate needs.(my interpretation)60 to 90 days will likely bring developments here that

[hrattle]

...and frankly that's a bit of a ridiculous thing to say.It's also ridiculous to suggest that the price movement is anything to do with results or NIA promotion - the volume does not support this. It's also ridiculous to suggest the price is being manipulated (prior to a PP) but being ridiculous doesn't make it necessarily wrong.The most likely scenario is a correction from the

[naruto]

hrattle, I'm not sure how long you have been following MGP, but these spikes have been always the result of NIA promoting the stock in the past several months.

[EReal]

660,,000 is pretty decent volume for this stock. We made it onto the volume board

[hrattle]

...but these spikes have been always the result of NIA promoting the stock in the past several months.Let's look at the facts for the last two spikes (14 July and 15 August) and now:1. MGP issued an NR on 12 July - the priced spiked to 75 cents from 43.5 cents (a rise of 72%) trading 6 million shares in 5 days (3 days before the NR and 2 days after)2. MGP issued an NR on 11 August - the price

[threepalms]

I for one try to stay focused on the facts of the situation as much as possible.We do not know all that the company is doing on the point of getting the story told.We do know that management has a large influence base and that maybe they are geeting the story told as we approach a number of news events as well as the Chicago conference later in the week.One thing that should not be minimized. MEGA

[hrattle]

The most likely scenario is a correction from the oversold position followed by some momentum.No follow through today seems to confirm this - if so there could be further pullback as momentum players get out, perhaps to 50 cents.