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@Grose1987 Nice close 🤓
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@Trooperhobo I have a dream...a NR on monday morning saying the full 2M shares are gone and oversubscribed...trading starts on April 1....oops just woke up
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@nicholaslepan We rich yet?
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@jnbarb come back in may, maybe we will!
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@nicholaslepan See you in may
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@SergioD @Trooperhobo That is a nice dream. I hope you right! If you are, we may even hear some indirect news about it on Sunday night.
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@db09striker C'mon Macarthur - don't let me down! Worried about Penny stocks due to SJL and IP.
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@RonVachiyer @db09striker $MMS is a real company with real management. those other two aren't in the same league.
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@RonVachiyer @db09striker to start, you need to read https://ceo.ca/@mimibegalo?ddfb37be0357 then, you need to pretty much read any and all posts from @SergioD and @Mimibegalo (and others, don't want to exclude the many quality posters here!), scroll back in the channel and ignore all the soliloquy by anon n00b-whisperers. There are many tangible and concrete things happening to $MMS and this is arguably the best time to be holding this stock, IMO.
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@SergioD @db09striker The reason why share price appreciation takes longer for MMS is because money making is not imminent, and by this I mean in a week, lol. Unfortunately TSXV investors tend to be the "this is penny stock, I'm going to triple my money instantly" types. They don't want to wait until May for their money to double or triple, so they put it into other things, thinking that they can come back when MMS is truly ready for the next leg up. I think that when the IPO purchase period is over, we will see a rise in SP to 20 cents. It only takes 2 weeks to start trading after the close date, so when we hear news, people are likely to start buying again in anticipation for whatever will happen on the ASX.
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@SergioD And, MMS is the real deal because of the above. A real company with good management doesn't case about the short term, they care about long term SP appreciation. As a result, they do not resort to non-transparent NRs, hyped up news or other tactics just to attract the pump and dump types. No, MMS attracts REM, David Lenigas and Mr Tulshyan. Don't you think you are making a pretty good decision if you are buying the same stock as these investors? As @RonVachiyer said, MMS is in a different league. It is a $100s of millions market cap company dressed in venture clothing :)
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@Trooperhobo You kind of wonder if at some point after ASX listing that MMS will move over to the TSX, and off the vulture exchange.
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@db09striker I understand MMS is a much different company. I understand from reading Mimi and SergioD's posts that they know what they are talking about. I have 5 investments and this is definitely the one I am most comfortable with. Just have my concerns in general about penny stocks. Concerned another stock I've got into could end up the way of SJL and IP.
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@db09striker Didn't mean to come across as impatient, or worried about MMS. Pretty happy with my investment here and look forward to coming months.
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@db09striker Cheers to Mimi, Sergio and others for their input, always good to hear regular thoughts from you all.
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@SergioD @db09striker I totally understand. I am sure everyone here has been burned by some of their stock picks in the past. I hope MMS does well enough to make up for any losses from SJL and IP.
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@SergioD @Trooperhobo If I am not mistaken, to be on the TSX, you need to maintain a SP above $1 for some period of time. It would be a big step up for MMS with new and more stable money coming in as a result.
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@db09striker @SergioD Luckily I wasn't involved in SJL or IP, I just watched from the sidelines. Could have easily been caught up in it though.
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@m00tpoint Not to get too off topic here, but wasn't too bad to be caught up in those! I did 15c to 38c on ip, and Mimi had in and out success with sjl (If i remember correctly) You just have to play those stocks for what they are, I approach those investments much differently then I do holding vtt or mms
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@SergioD @m00tpoint I agree. I made some money with the SJL rise too. I feel bad though with those type of plays since there will be necessary losers also. One day when I sell my MMS shares, it won't be because of some fake rise and fall. It will be because MMS is actually worth the money someone else is paying for it. Everyone is a winner in a way. Having said that, with plays like SJL, warning signs are usually there, and it is up to investors to be prudent and do their DD before buying into a hyperactive stock.
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@OGrady Ha In the right area for Lithium Western Australia Location: Pilbara Categories: Operators - Mining, Supervisor, Mining Operations the website http://www.mineralresources.com.au/ Haven't found anything as of yet.
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@db09striker Just to let you know. There is now a MMM ticker symbol forum thingymajigger on the HotCopper forum. Type MMM into the search bar and 'Macarthur Australia' appears to select and off you go..
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@sonkist cool I have been looking all week all I could find was in the IPO forum thanks haven't see many new names ether
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@sonkist question as im new and normally only read the boards daily. If hotcoppers is showing a ticker is it possible the IPO got filled
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@Username100 There is a ticker in http://www.asx.com.au/asx/share-price-research/company/MMM marked class pend
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@sonkist thanks makes my day
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@Mimibegalo No, I think t's pretty overoptemistic to say that the IPO is filled in 5 business days. even if you want to deposit a check in your bank might take 3 business days.. and if you want to open a brokrage account can also take more than that. my point is, they'll have to wait for Mr and Ms everyone to make sure the paper work is accurate and the funds are existent. And that might take time because of missing papers or other administrative reasons (big part of the application is done on paper and via the mail). What you can expect is a NR updating us that the minimum of 5M$ is reached in a week or 2 after the IPO went live due to the subscription of the sofisticated investors and institutions and that will show the interest in MMM and help it close the full 10M$ or even get oversubscribed. So don't get anxious, we are closer than ever to the ASX listing with strong Iron ore and Lithium assets . Anyone holding now is holding shares worth multiple times the current price weeks from now. and it won't be a pump and dump.. it'll be cash in the bank for the company and real deals that'll justify a higher healthy SP.
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@Mimibegalo @SergioD I enjoyed reading your posts the last couple of days. Sorry I was to busy to participate in the discussion.
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@Mimibegalo I am glade to see that my posts helped others better understand The situation. Cheers to all the long holders and posters here that helped me as well better understand many things regarding MMS.
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@Grose1987 🍻 exciting week ahead ☝️☝️☝️☝️😎
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@VikChitra Morning guys great posts
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@VikChitra #ironore. FMG predicting India's demand for ironore will increase and Australia will be in a good position to profit. Great to see Tulshyan in bed with MMS. This article gives me great confidence they prob have offtakes deals in place with Indian mills or shd I say my people! :) http://www.theaustralian.com.au/business/mining-energy/india-looms-large-on-the-iron-ore-horizon-fmg/news-story/eb1fc5071fa541e7fb7933bcbb297061
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letsgo @VikChitra I can't read article unless we subscribe. Can you copy and paste here? thanks
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@VikChitra Sure no problem. Here it is. India could be the next big source of demand for Australian iron ore, according to Fortescue Metals chief executive Nev Power. “Right now China is our major customer but, through Asia and into India, we are seeing very strong growth rates,” he said in an interview with The Australian on the weekend. “India is now the fastest growing economy in the world, growing at around 7.6 per cent. “It is still has a long way to go before it catches up to China, but with 1.4 billion people you can see that the demand for infrastructure and commodities is going to increase. “We are seeing very strong growth rates in all of the Asian economies. “That is where there will be tremendous growth — urbanisation and industrialisation — which will impact the demand for iron ore.” Mr Power said Fortescue had sold some iron ore to India but the country was not yet a big importer of the resource. “Its steel industry produces around 100 million tonnes a year compared with China’s 800 million tonnes,” he said. But he added that the Indian economy was now growing at about 7.6 per cent compared with China’s 6.7 per cent. “Its economy will be needing steel, as well as iron ore,” he said. “The question for India is where are they going to get their iron ore from? “They don’t have a lot themselves. If steel mills are developed along the coast, it could be a potential market for us.” FMG sells most of its iron ore to China and smaller amounts to Japan, South Korea and India. At the annual Boao Forum for Asia, on China’s Hainan Island, which Fortescue sponsors, the company announced it was joining with four universities from China and Western Australia in a project to promote innovation in the mining and resources sector. The project involves Curtin University’s WA School of Mines and the University of Western Australia, as well as Central South University in Changsha, the capital of Hunan Province, and Lingnan College at the Sun Yat-sen University in Guangzhou. Announcing the project on the weekend, Mr Power said the company was “excited by the prospect of engaging the brightest minds from Australia and China in this new program.” The project will bring together expertise from China and Australia to look at areas of mining and minerals processing.
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@Mimibegalo Iron ore and the steel market made few indian Billionaires like Lakshmi Mittal (Mittal owns 38% of ArcelorMittal and net worth of over 15B$). I happened to work for his company in Contrecœur here in Quebec as a chemical engineer. The indian market is huge and having Tulshyan on our side is a big difference and will probably make it many times easier for MMM to secure offtake agreements. It's not for nothing that the management called it a strategic partnership when Tulshyan invested in MMS and it's not for nothing that Tulshyan told the press that it'll be easy to offtake $mms iron ore. Remember... Tulshyan is top buyer in the Pre-Ipo and i am sure he'll be in the IPO.
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@Mimibegalo Thanks for the Article @vikChitra
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@Trooperhobo Excellent stuff guys!!
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@SergioD Yes, great posts everyone - I just got all caught up. I'm looking forward to this coming week. We are almost there!
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@VikChitra Hey guys, good times a coming! No problem @Mimibegalo
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@stateside I went a little long on the weekend podcast but some good stuff I think: http://www.statesidereport.com In this episode of the Stateside Report Podcast we take a look back at the week in gold, silver, the base metals and the stocks, we highlight a new TSX-V silver explorer that has an exciting risk-reward profile and then we talk about the press releases from the Canadian junior exploration companies for the past week including Genesis Metals $GIS, West Red Lake Gold $RLG Arizona Silver Exploration $AZS Ximen Mining $XIM Macarthur Minerals $MMS Enforcer Gold $VEIN Kootenay Zink $ZNK Tanzanian Royalty $TNX Columbus Gold $CGT Bonterra Resources $BTR Astorios Resources $ASQ Lumina Gold $LUM Mundoro Capital $MUN West African Resources $WAF Engold Mines $EGM Dios Exploration $DOS Black Iron $BKI Secova Metals $SEK Mariana Resources $MARL Nexgen Energy $NXE Vanstar Mining $VSR Canstar Resources $ROX Salazar Resources $SRL Altitude Resources $ALI Alset Energy $ION We talk gold, silver, copper, lead, zinc, iron ore, coal, uranium and oil.
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@SergioD It looks like lithium is getting hot in Australia again. The IPO for MMM will have assets on both the iron ore front and the lithium front (sampling only, but still). It is a win-win for us.
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@db09striker Just ordered my hat
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@db09striker I will look super cool, the ladies will love me.
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@jnbarb Ya sure
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