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Magellan Minerals - My Pitch to Sinch



September 24, 2012 – Comments (8) | RELATED TICKERS: BRD.DL , PPP , COLUD

To Sinch and the gold investing community here at the Fool,

Please check out a write up I did today on Magellan Minerals (TSX - MNM). I believe I've found a great buying opportunity - I'm putting my money where my mouth is, and I would like to hear your thoughts.

Aside from Kimber Resources, I think this is the best deal out there.

I know Sinch is not too high on the company but I hope to convince him here.


- SN 

8 Comments – Post Your Own

#1) On September 24, 2012 at 7:54 PM, awallejr (35.98) wrote:

My concern is it is Brazil-centric.  But on the other hand, since I am a strong Sandstorm believer, that is a plus for MM. 

As a derail Aldxf has been making a heck of a percentage move since mid-August. Went from .03-.04 to .125 today.  

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#2) On September 24, 2012 at 10:23 PM, tdonb (42.87) wrote:

Good write up. There are others I am more interested in right now though. 

I have been watching Alexandria also. Quite a move. No news to speak of though. 

I also believe in SAND, and their rec carries weight.



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#3) On September 24, 2012 at 10:48 PM, wossamattau (< 20) wrote:

MAGNF.PK is now on a close watch list! Will start doing my dd! Took a dive into the waters today with ALDXF.PK @.12.

VERY frustrated with BRD! Mr Market seems to want to beat this bird into the ground!

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#4) On September 24, 2012 at 11:16 PM, awallejr (35.98) wrote:

Yeah I jumped a few k shares into BRD since I liked that 480k indicated ounce claim.  I am patient.  I am still trying to remember why I bought TYHJF heheh.

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#5) On September 25, 2012 at 7:28 AM, XMFSinchiruna (26.52) wrote:


As I believe I may have mentioned in an e-mail message some time back, my own distaste for Magellan is a purely personal and admittedly emotional reaction to my particularly horrific experience as a prior holder of these shares. There are not many stocks I gave up on during that 15-month bloodbath, but Magellan was one that I sold in disgust at a substantial loss. Sometimes after an experience like that, you just can't approach that particular stock objectively anymore, and that's where I am. I wish you tremendous multi-bagger success in the stock, and I don't discount the probability of a strong surge from these levels now that the industry has regained momentum. But it would have to be a five-bagger before I would reclaim only what I've already lost in the stock, and so I prefer to focus instead on the scores of other multi-bagger opportunities out these in the industry.

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#6) On September 25, 2012 at 7:35 AM, XMFSinchiruna (26.52) wrote:

Awallejr, This is not the time for patience, in my opinion. The 15-month correction was the time for patience. During a major breakout, it's fair to demand solid performance from your pet stocks, and even to question the suitability of them if they fail to deliver that performance while the rest of the industry surges.

I have scaled back considerably on Brigus shares, and I was actually fairly disappointed with the recent press release on Grey Fox. 

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#7) On September 25, 2012 at 11:06 AM, SN3165 (< 20) wrote:

I want to add that for the financing, Sandstorm  "will subscribe for one million shares of Magellan at a price of $0.50 per share." 

Fair enough, Sinch. 

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#8) On September 25, 2012 at 11:49 AM, awallejr (35.98) wrote:

I am no expert on PMs.  My main holdings are sandstorm (because I have confidence in the CEO) and Alexandria (because of your DD Sinch).  I honestly forget why I bought Tyhjf but it is only a couple hundred bucks (I've bet way more than that on one hand of baccarat).  But with BRD my thinking was Grey Fox indicated 852 million dollars worth of gold sitting in the ground divided by 217 million shares.  Worth a fly for $1.

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