Bullrider77
13.11.2010, 02:04
MXGD - $ - MUST READ: Petra Diamonds
http://investorshub.advfn.com/boards/board.aspx?board_id=15772
Multi Bagger $$$
Is this a possible buyout and the reason to designate so many preferred class shares?
Diamonds -
Our Crown Jewel – the Magembe Property
Quote:
The Magembe Property is part of a two-kilometre buffer zone created to surround the Williamson Mine (aka Mwadui) when it was developed in the 1940s and 50s. This buffer zone was formed to prohibit the mining of near-surface diamond deposits in the area immediately adjacent to the mining operation. The Williamson mine is owned 75 per cent by De Beers and 25 per cent by the overnment of Tanzania, and has a production history that spans six decades. The Williamson pipe covers 360 acres and was considered to be the largest economically exploitable pipe in the world. The mine is the original source of pink diamonds and has produced notable stones including a 54-carat flawless pink diamond and a 388-carat diamond found in 1990. South African-based Petra Diamonds is currently negotiating to purchase the mine.
http://www.midexgold.com/about/index.html
The Magembe Project is directly adjacent to the world famous Williamson Mine (http://www.midexgold.com/properties/_images/map_mwadui_02.jpg))
So Who is Petra Diamonds, Knight?
Quote:
In Tanzania, Petra has a 75% interest in the Williamson mine.
http://www.petradiamonds.com/o/o_i.php
Petra Diamonds is expanding their Williamson mine with $40M in capital from IFC:
"Washington, D.C. / Johannesburg, South Africa September 28, 2010—IFC, a member of the World Bank Group, today signed a $40 million loan agreement with Petra Diamonds Limited to support the expansion of the Williamson diamond mine in Tanzania. IFC’s financing will help return the mine to profitability, extend its life, and maintain employment for about 1,000 people. " http://www.ifc.org/ifcext/media.nsf/content/SelectedPressRelease?Open...
Gold -
"Midex Gold Corp Finds Gold in Every Sample of Phase 1 Soil Sample Program on Its Golden Hills Property. Midex Gold Corp. (OTCBB:MXGD) (www.midexgold.com) management provides results from 58 of the 115 soil samples taken on its 100% owned Golden
Hills property in Tanzania. " http://www.midexgold.com/_news/news_2010_01_25.html
The Chart:
EXTREMELY OVERSOLD!
http://stockcharts.com/h-sc/ui?s=MXGD&p=D&yr=0&mn=5&dy=0&id=p33354650776
AIMHO GLTA,
http://investorshub.advfn.com/boards/board.aspx?board_id=15772
Multi Bagger $$$
Is this a possible buyout and the reason to designate so many preferred class shares?
Diamonds -
Our Crown Jewel – the Magembe Property
Quote:
The Magembe Property is part of a two-kilometre buffer zone created to surround the Williamson Mine (aka Mwadui) when it was developed in the 1940s and 50s. This buffer zone was formed to prohibit the mining of near-surface diamond deposits in the area immediately adjacent to the mining operation. The Williamson mine is owned 75 per cent by De Beers and 25 per cent by the overnment of Tanzania, and has a production history that spans six decades. The Williamson pipe covers 360 acres and was considered to be the largest economically exploitable pipe in the world. The mine is the original source of pink diamonds and has produced notable stones including a 54-carat flawless pink diamond and a 388-carat diamond found in 1990. South African-based Petra Diamonds is currently negotiating to purchase the mine.
http://www.midexgold.com/about/index.html
The Magembe Project is directly adjacent to the world famous Williamson Mine (http://www.midexgold.com/properties/_images/map_mwadui_02.jpg))
So Who is Petra Diamonds, Knight?
Quote:
In Tanzania, Petra has a 75% interest in the Williamson mine.
http://www.petradiamonds.com/o/o_i.php
Petra Diamonds is expanding their Williamson mine with $40M in capital from IFC:
"Washington, D.C. / Johannesburg, South Africa September 28, 2010—IFC, a member of the World Bank Group, today signed a $40 million loan agreement with Petra Diamonds Limited to support the expansion of the Williamson diamond mine in Tanzania. IFC’s financing will help return the mine to profitability, extend its life, and maintain employment for about 1,000 people. " http://www.ifc.org/ifcext/media.nsf/content/SelectedPressRelease?Open...
Gold -
"Midex Gold Corp Finds Gold in Every Sample of Phase 1 Soil Sample Program on Its Golden Hills Property. Midex Gold Corp. (OTCBB:MXGD) (www.midexgold.com) management provides results from 58 of the 115 soil samples taken on its 100% owned Golden
Hills property in Tanzania. " http://www.midexgold.com/_news/news_2010_01_25.html
The Chart:
EXTREMELY OVERSOLD!
http://stockcharts.com/h-sc/ui?s=MXGD&p=D&yr=0&mn=5&dy=0&id=p33354650776
AIMHO GLTA,