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We are in the red with Mexoro Minerals (MXOM) PDF Print E-mail
mexoro minerals,mxom,stockumentary
ORIGINAL ALERT INFO :
ALERT DATE & PRICE: NOV 5th, 2007 / $1.60
ALERT EMAIL: CLICK HERE
CURRENT PRICE:
$.85

CURRENT % ROI: -47%
COMPANY CONTACT INFO:
Mexoro Minerals Ltd.
Address: 880-609 Granville Street
Vancouver, BC V7Y 1G5 Canada
Phone:
(800) 661-7830
Email: This email address is being protected from spam bots, you need Javascript enabled to view it
Web: www.mexoro.com
INVESTOR RELATIONS INFO:
Sundar Communications Group
Address: 9th Floor, Two Bentall Centre
555 Burrard Street
Vancouver, BC Canada
V7X 1M8
Phone:
(604) 893-7094
Email: This email address is being protected from spam bots, you need Javascript enabled to view it
So there is no denying that we have been taking a beating on Mexoro Minerals since we profiled it. We are down over -50% on our investment. I believe in the company and their properties, because I have been there and witnessed it first hand. However, the market doesn’t see it that way and that is ok.

You need to understand that not all investors understand mining companies and how they work. If you take 10 investors and ask them what they know about mining stocks, maybe 1-3 might know something. These stats would increase if we polled Canadian investors, because mining is huge up there. American investors are new at it, but that doesn’t mean they’re not out there.

Mexoro is an incredible company that has great upside potential, but it just takes time for these types of plays to work themselves out.

I am willing to wait it out and take a gamble on their properties, because I believe in them as well as the management. That is why these past few weeks I purchased another 92,000 shares in the open market.

The broader markets have been taking a drubbing and thus hurting all stocks - especially Microcap stocks. When I see the markets roll over like they have, I really look at it as a buying opportunity for stocks that you like. Mexoro is a company that fits my speculative criteria and that is why I added to my position.

Could I be completely wrong?

Of course! Whenever you buy ANY stock, you have a 50% chance of actually making money. It is actually lower than that when you figure in taxes, inflation and slippage. So the odds are not stacked in our favor, but that is the reality of trading. We are special breed and that is why only the most talented traders stay around for years and why so many fade into the sunset.

Will we make money on Mexoro?

Well, if I had a magic ball, it would probably tell me that we have a 50/50 shot at making money on this one, but that is what investing in the Micro Cap market is about. It is about taking substantial risk with money you can afford to lose, in hopes that the reward is much larger than the risk.

So here is what I am looking forward to in 2008 from Mexoro.

The obvious positive for Mexoro is that Gold will most likely hit the $1,000 mark by the end of the year. Especially as we see the US Federal Reserve demand that the printing presses work overtime.

We will also see the construction of Mexoro's ADR plant begin as they recently received the necessary permits from the local authorities in Chihuahua, Mexico, to build it. The plant will be used for the extraction and refining of the gold contained in the carbon filters produced by its heap leech operation at its Cieneguita Property. Mexoro anticipates construction of the plant will begin in January 2008 and will be completed with in 90 days from the start of the construction.

Mexoro also recently announced that it has completed its initial 18 hole drill program on its Guazapares project, and plans to extend the program to include an additional two holes to be drilled on the property to test the El Cantilito target. Of the 18 holes drilled to date, only 3 holes have been reported and the company will release the information on the remaining holes as they become available from ALS Chemex Labs.

So in my opinion, 2008 will be a very active year for the company and its investors and that is why I accumulated stock here.

If they do have a discovery on any of their properties, we are going to see the stock trade higher very quickly. With the falling dollar and gold prices where they currently are, mining investors will jump all over a JR mining company like Mexoro.

 


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