Sean K
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E25 - Element 25
- Thread starter YOUNG_TRADER
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- e25 element 25 montezuma mining mzm
Hi Kennas,kennas said:Not much can be seen from the chart yet. Except it's lost almost 25% and volume is so low, I think you are the only one trading this greggy.
Hope that news due is good.
Following with interest.
Thanks for your comments. I'm sticking my neck out on this one. I bought it for both its experienced management and its interesting prospects. I bought every stock that Terry Grammer has been associated with (e.g. WSA, HNR and of course MZM) and have done well.
I just feel that this stock has been completely overlooked and has potential to do well considering MZM's management and reasonable prospects.
DYOR
Sean K
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Greggy, one thing they must do, right now, is get their web site up and running. I rate companies on their web sites, and if they don't even have one, then, well......greggy said:
It's just a front page atm, and it's looking dodgy already.
http://www.montezumamining.com/
Hi Kennas,kennas said:
The company does have a website at http://www.montezumamining.com.au
Its fairly new considering that its only recently listed.
I'm backing them for its good management and interesting prospects.
Sean K
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That is much better. I might buy them now. Nice site!greggy said:
Good morning Kennas,kennas said:That is much better. I might buy them now. Nice site!
MZM has released an ASX announcement today. A summary is as follows:
Sampling confirms high grade copper at the Callawa Project – ELA 45/2927
• Rock chip sampling returns assays up to 28.7% copper with associated anomalous gold and silver.
• No previous known exploration for gold of base metals in the area.
• Mineralisation confirmed over at least 100m of strike, open in all directions, with further sampling prevented by transported cover.
• Callawa Project confirmed as a high priority copper-gold-silver target.
Follow up reconnaissance sampling at the Callawa Project in the East Pilbara regions has confirmed extensive high grade copper mineralisation over a strike length of at least 100m,
with the surrounding extensions of the system masked by a thin layer of transported cover.
A total of five samples taken along the exposed interval returned an average 11.1% copper.
The degree of alteration observed in the samples is indicative of the potential for this to be a part of a major mineralised system. Further encouragement is provided by the moderate to strong associated gold and silver mineralisation up to 102 ppb and 46 g/t respectively.Given the very high grade copper values, and the potential for the mineralised zone to be significantly expanded through low cost follow up work, the Company regards the Callawa Project as a high priority component of our tenement portfolio and intend to follow up these results with an aggressive exploration programme as soon as the Project tenements are granted.
DYOR
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Greggy
You have to admit that so far performance is piss poor at best,
IPO was 20c, today's ann of Cu Surface sample of 28% has just got MZM's head above IPO price,
Whereas for ORD it took it towards $1
Still I like the company and the management, lets hang on to see what it can deliver
You have to admit that so far performance is piss poor at best,
IPO was 20c, today's ann of Cu Surface sample of 28% has just got MZM's head above IPO price,
Whereas for ORD it took it towards $1
Still I like the company and the management, lets hang on to see what it can deliver
High Young Trader,YOUNG_TRADER said:
At the prices I've paid for mine during the past couple of weeks, today is a good one. From a low of 15.5 cents its done very well today up to 21.5 cents (up 6 cents). Its reached new highs on record turnover. This stock has been truly overlooked. With good management and exciting prospects, I hope MZM's best days are yet to come. Thanks for alerting this stock to me. Whilst early days the rock chip samples' results are highly encouraging.
DYOR
It will be interesting to see what this chart looks like after today's trading. MZM is currently trading at 21 cents (up 5.5 cents) on massive turnover of over 2.5 million shares, thats roughly 3 times the previous turnover record. MZM options are currently trading at 9 cents.kennas said:Not much can be seen from the chart yet. Except it's lost almost 25% and volume is so low, I think you are the only one trading this greggy.
Hope that news due is good.
Following with interest.
Until a couple of days ago not people were following this thread. Its good to see interest picking up along with the share price.
DYOR
DYOR
Hopefully, better days are still ahead.
I've recently contacted the MD at MZM and am satisfied that the company is focussed on adding value for shareholders. MZM will be an active explorer in 2007 with a focus on the exciting Callawa Prospect and also the Weebo Gold Prospect. The company is also looking at adding new projects in the iron ore and/or uranium fields. Hopefully, with an increase in the company's profile and an active exploration program, 2007 will be an interesting time for MZM shareholders. As I am continuing to build an interest at low prices in this stock, I continue to believe that this stock has been overlooked and could be a surprise performer in 2007.YOUNG_TRADER said:
Please do your own research. I am a trader of 27 yrs and provide this info in good faith.
Sean K
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Thanks Greggy, it's on the watch list. Will be interesting to see how it starts developing next year. Would like to see it above the IPO price for a start.....greggy said:
Pretty early days. Callawa looks interesting. I'm sure they'll get the epl, but will be interesting to see how quickly they get exploration moving and access to equipment etc....
Hi Kennas,kennas said:
I like to be fair and highlight situations when they are not ridiculously overpriced. We're always trying to find the next MMB, AGS, etc. I've noticed that a lot of stocks when they initally list have fallen below their issue price and then gone onto much higher prices (e.g. UXA, VMS, MMB to name a few).
When MZM was around the 15.5 cents I said that MZM had good potential, even more so now with the exciting Callawa Prospect's rock chip results (still early days). I am continuing to build my position in this stock.
Merry Christmas.
DYOR
Hi Kennas,kennas said:
There has been a nice 10% or so rise in MZM this morning to 20/21 cents on volume of well over 400,000, good volume for a stock like this. Maybe today's rise is on the back of increased media attention. In Saturday's Australian, Robin Bromby in his Pure Speculation column, wrote a positive story on MZM following its recent release of results from its Callawa Prospect. "..They came in up to 28.7 per cent copper with associated gold and silver - the precious metals suggestingh this was not just secondary copper."
I am still building my position, but now have to compete with other buyers.
Its interesting how another of less experienced traders go out and chase the latest hot stock yet forget about the overlooked stocks that often end up being the hot stocks of tomorrow.
DYOR
kennas said:Not much can be seen from the chart yet. Except it's lost almost 25% and volume is so low, I think you are the only one trading this greggy.
Hope that news due is good.
Following with interest.
K's right theré's not much to chart mate, Tis got no historical data...
He might also be right in saying your the only one buying n selling, perhaps to yourself as volumes are very low.....
Will watch it to, thanks for heads up.
Hi SevenFX,SevenFX said:K's right theré's not much to chart mate, Tis got no historical data...
He might also be right in saying your the only one buying n selling, perhaps to yourself as volumes are very low.....
Will watch it to, thanks for heads up.
Thanks for your contribution. I feel that this one has been overlooked and has good prospects. I also notice that Jayne from Crazy Jim Smith's forum also likes MZM. She was also very positve apparently on GSE. This stock is definitely one to watch. Volume has also been building of late.
DYOR
Greggy
You may well be right and this could have a lot of potential from a fundermental point of view, but I'm just lookin at charts and numbers (vol, depths, etc)
I can't see the volume buildup as yet...???
You will see the first window, which is daily & the second window which is weekly since it first opened.
Hope this helps,
You may well be right and this could have a lot of potential from a fundermental point of view, but I'm just lookin at charts and numbers (vol, depths, etc)
I can't see the volume buildup as yet...???
You will see the first window, which is daily & the second window which is weekly since it first opened.
Hope this helps,
Attachments
Hi SevenFX,SevenFX said:
One day last week vol was 3.1 mill. Yesterday it was over 600,000. Today the stock finished at 21c. For the first time it finished above 20c since listing. Compared to other stocks, this one has been fairly quiet but it has definitely turned around over the past 2 weeks or so.
DYOR
