Magma Metals Limited T.MMW

hmm mmw

[SASmerc72]

SASmerc72 03/23/2010 10:41:09 AM | | 168 reads | Post #28057836




If you've been waiting to buy Magma, watch for the upcoming financing and the annual post-PDAC junior market decline to reduce its SP to a good entry point. I'm watching for
.46 and expect to get it by July.


...SASmerc72...
I wasn't looking to pick a fight on this board, but, I reiterate, watch for the financing and an entry point close to
.46.
I know you longs don't want to hear it, but that's the way she goes. Remember, there's a whole world of difference between having some sexy rocks and an economic mineral reserve base. And that's a lot of difference. MMW currently in the former of the two descriptions. My bid is in.
action [BUY] Magma Metals MMW:TSX x200,000 price [LIMIT]
.46 CDN
only a matter of time now




....SASmerc72.....

[YakYak3]

Why buy this stock at .46 cdn when all they have is sexy rocks and no economic mineral reserve?What is your logic, if any, behind this move?

[SASmerc72]

Simple:Because reserves cost money - lots of money - to establish through expensive exploration. There is mineralization there undoubtedly, but it will require significant dilution to pay for bringing it together into a mine plan.My risk/reward ratio improves inversely proportional to the cost basis of my shares. So, waiting on those cheaper shares to lower risk/improve reward.Due diligence is a

[YakYak3]

So if I read you well, this stock is a dump at .55 but is ok to buy at .46...?

[tsawboss]

Spot on prediction...nicely done!Seems #79 got to his desk late this a.m.........at one pont the lowest ask was 80 cents.

[YakYak3]

This is dead money for the next 12 months. Over and out. Rogers.