frizzers Posted October 11, 2006 Report Share Posted October 11, 2006 Some good presentations yesterday. two stood out for me: First Majestic ]fr[/url] And Platmin whose chart is too young to judge anything by - http://bigcharts.marketwatch.com/quickchar...amp;x=0&y=0. Any views on First Maj, Dr B? Link to comment Share on other sites More sharing options...
drbubb Posted October 11, 2006 Report Share Posted October 11, 2006 I like FR, and have owned it in the past Keith N. seems a straight shooter, and he has been involved in building sucessful companies in the past. The market has really punished the company in the past few months. I would want to look deeper into what had caused that. But is the story is intact, it is probably a Buy here I will probably buy some shares in a company called Great Panther (v.GPR) today, if I can get them cheaply enough = = = THIS IS POSITIVE - but the amount is small SUBJECT: More insider buying within FR Posted By: CRBBULL Post Time: 10/3/2006 20:49 First Majestic Resource Corp. (FR) As of October 2nd, 2006 Filing Date Transaction Date Insider Name Nature of transaction Securities # or value acquired or disposed of Unit Price Oct 02/06 Sep 27/06 Davila, Ramon 10 - Acquisition in the public market Common Shares 20,240 $2.710 @: http://www.stockhouse.com/bullboards/viewm...0&TableID=0 Link to comment Share on other sites More sharing options...
frizzers Posted October 11, 2006 Author Report Share Posted October 11, 2006 I think this may explain why - http://www.firstmajestic.com/s/NewsRelease...ver-Mine-Update "To date, the program has not been definitive in outlining sufficient economic resources in order to make a positive production decision. Due to a lack a historic mining plans and information, a number of the holes drilled, which were anticipated to intersect ore, in fact intersected old mine workings -- areas that were previously mined. In addition, large areas of backfill were encountered which made drilling difficult and indeterminate. The Company is awaiting an internal geological report that will review the full program and address the entire property. This report is anticipated to be received by Management within four weeks. The Company is evaluating the feasibility of this project in view of the fact the potential open pit area may be decreased relative to earlier estimates. The extent and the distribution of the historical mine workings will also be addressed. The above factors will determine whether or not the Company believes the Dios Padre project has a place in the portfolio of robust, advanced, near term production projects the Company has assembled to date." Link to comment Share on other sites More sharing options...
drbubb Posted October 12, 2006 Report Share Posted October 12, 2006 In other words, "Our projections were wildly optimistic" It will take time to restore credibility Link to comment Share on other sites More sharing options...
frizzers Posted October 12, 2006 Author Report Share Posted October 12, 2006 European Goldfields had a nice story too. Lots of production potential. Not a bad chart either, I believe. Thoough it's gone up 4.75% today - probably off the back of yesterday's presentation. ]egu[/url] Link to comment Share on other sites More sharing options...
drbubb Posted October 12, 2006 Report Share Posted October 12, 2006 looks like they are getting set to break out- but will need some volume to do so properly Link to comment Share on other sites More sharing options...
frizzers Posted November 1, 2006 Author Report Share Posted November 1, 2006 I think this may explain why - http://www.firstmajestic.com/s/NewsRelease...ver-Mine-Update "To date, the program has not been definitive in outlining sufficient economic resources in order to make a positive production decision. Due to a lack a historic mining plans and information, a number of the holes drilled, which were anticipated to intersect ore, in fact intersected old mine workings -- areas that were previously mined. In addition, large areas of backfill were encountered which made drilling difficult and indeterminate. The Company is awaiting an internal geological report that will review the full program and address the entire property. This report is anticipated to be received by Management within four weeks. The Company is evaluating the feasibility of this project in view of the fact the potential open pit area may be decreased relative to earlier estimates. The extent and the distribution of the historical mine workings will also be addressed. The above factors will determine whether or not the Company believes the Dios Padre project has a place in the portfolio of robust, advanced, near term production projects the Company has assembled to date." Top Performing Stocks Symbol % Change FR.V 40.45 EPZ.V 40.00 SVL.V 27.54 MAG.V 27.27 IPT.V 21.00 GPR.V 20.24 ABI.V 19.23 SLW.TO 18.02 SVM.TO 16.14 MGN 14.29 Note: Based on daily close price Look at that FR.V - top performing silver stock up 40% since e had this conversation. An opportunity missed. Link to comment Share on other sites More sharing options...
Guest ResourceHound Posted November 1, 2006 Report Share Posted November 1, 2006 missed it too, but got one further down the list, the panther thanks to comment here Link to comment Share on other sites More sharing options...
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