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Post by caveman on Oct 17, 2008 11:00:25 GMT -5
ok so if MMG has 5 million in the bank and i forget how many shares after the separation but if its about 30 million that should make mmg worth over 15 cents/share. what do you think it will be trading at?
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jrx
Full Member
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Post by jrx on Oct 17, 2008 11:21:57 GMT -5
Who knows. So far Mexico hasn't been valued at a penny but I can see about 5 or 10 cents.
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Post by venturous on Oct 17, 2008 13:22:21 GMT -5
The big question should be WHEN is George going to list the stock. I am not entirely confident about the Oct 31st date.
For MacMillan Minerals to be valued greater than a dime, they are going to have to post some decent results. I haven't heard of anything decent in the last 2 years.
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Post by caveman on Oct 17, 2008 14:09:27 GMT -5
"MacMillan Minerals Inc. is preparing a prospectus filing for submission to the Ontario Securities Commission in early November to become a reporting issuer."
it sounds like George can't file submission ot the osc until the merger (dealine 31st) is complete. this merger aka divorce as i like to call it is approved by the shareholders and the court and now its up to the tsx which should be approved once the company has transfered assets over.
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Post by eyes55 on Oct 17, 2008 14:47:47 GMT -5
so is this our new hang out??.......
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Post by caveman on Oct 17, 2008 15:58:33 GMT -5
today mmg closed at .20 and drv .49.
in our current situation that makes mexico trading at (minus) - 4.5 cents.
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jrx
Full Member
Posts: 30
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Post by jrx on Oct 17, 2008 16:24:26 GMT -5
-4.5 cents THAT is friggen HILARIOUS
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Post by anonymous on Oct 18, 2008 11:15:09 GMT -5
I can understand why George wants this separation. His senioritas must be getting jealous with the lack of attention. This deal is better for everyone.
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Post by rocket scientist on Oct 21, 2008 18:07:03 GMT -5
5 million in the the bank, 30 some million shares, 15 cents to 20 should be the price ....
however, I believe that a huge dump will happen as soon as the shares can be traded and they will go down to 1 cent or lower (free shares sold for 1 cent is still 1 cent up ...). This dump can be quite large, considering that there are 10 - 20 - 30 or so percent of mmg shareholders that voted against gb at the famous agm... this would make it say 5 to 10 million new mmg shares hit the market at the same time, causing panic and driving the stock into the ground ...
I'd say at this pont one of the smart things that gb or the new mmg can do is to pick these shares up for practically nothing and stranghten their position...
now, if gb gets his stuff together and focuses on the mexico properties (and some of them do sound fantastic as per discussions at the last mmg agm after voting the business combination) and puts enough press releases out there and promotes the stock properly, there can be a rebound after to 10 cts or more.
just my 2 cents on it ... (or should I say -4.5 cts?)
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Post by caveman on Oct 21, 2008 18:14:33 GMT -5
hmmm i'm hanging on to my mmg. i won't be buying but since they are free anyways i will be holding. out of the zillion properties george has in mexico you would think at least one of them should turn out.
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Post by caveman on Nov 6, 2008 22:57:56 GMT -5
bump ok now that macmillan minerals shares are in our accounts (but not trading) put your vote in if you haven't yet..whats it going to start trading at? i would guess 10 cents. i think that could be accurate even just given that the old outstanding shares were halved for the new macmillan which would mean the old mmg trading at 5 cents based on mexico and no peru.
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Post by parcelorogues on Nov 7, 2008 8:50:29 GMT -5
Will George's CTO impact his ability to bring this to fruition? POR
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jrx
Full Member
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Post by jrx on Nov 7, 2008 11:25:03 GMT -5
Doubt it since the CTO just means he can't buy or sell shares. Although when you register a new company don't you usually get to issue yourself a bunch of shares or something? Maybe that doesn't apply.
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Post by parcelorogues on Nov 8, 2008 8:39:09 GMT -5
It's true he was able to manage the DRV/MMG agreement with the CTO in place, but if we are to keep our position in the New MacMillan, I'd hope this would be cleared up prior to shares being traded. It seems strange that the approval would not take this into consideration (maybe it does). To me, it is like granting a liquor licence to an owner of a new bar who had not been in compliance with his responsibilities under a previous one.
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Post by mackiemac on Nov 8, 2008 10:06:31 GMT -5
Is it possible that George was given a pass now that MMG is no more. If so, he would start out with a clean slate with minerals??? That's one take on the situation.
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Post by caveman on Nov 9, 2008 19:01:47 GMT -5
that is a good point! maybe that is part of the reason why george hasn't fixed his cto yet because once mmg is gone all he has to do it disclose how many macmillan minerals shares he has and start fresh. he still would have to catch up with his drv though but maybe that one isn't as complicated for him.
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