macmin share price is linked to silver price ,
though short term they have a anchor arround their neck with the 12c option due in 3 weeks.
because of this macmin will NOT go above 12.5c in the next 3 weeks unless silver hits $8.00 - this is unlikely
gold is due for a major sell off any day now and should fall up to 10% in 2-3 weeks - silver will follow in sympathy (-dont worry bulls it will quickly bounce back!)
the only thing that has stopped golds selloff is the price of oil and US$-who knows whats going to happen there?
silver price in my op. is linked to the stockpile and in the last 60 years the stockpile has gone from 6 billion ounces to (guessing)about 300million ounces and (guessing) being depleted about 10 -20 million ounces a month - when or before that last bar is used the price is going to EXPLODE short term and probably come back and base at $30 -$50 , companies such as macmin,bolnsi,malachite etc will do what uranium companies are doing now (i wish i was on them)
to all the knockers of macmin
i have owned macmin shares for 5 years in that time i have attended several annual meetings and visited minesite twice.In the 5 years i have found both denis and bob to be honest,professional and helpful.i have met met many people in the mining industry who know them or know of them -from what i can gather bob and denis are well respected in the mining community.hot copper is the only place i have heard people bagging them.
as far as silver mines go Twin Hills is a RIPPER.-in a safe country,open cut ,4 km off bitumen road,4km from mains power,10 km from pro mining town,best grades of the deposit are at the surface - VERY cheap mine to build and maintain.
only concern is new technology -time will tell
at the end of the day money is not a concern for this company as it still has access to about $8 m from new york and the short fall for the mine is only about $2m
anybody on macmin over the last year or so is understandably frustrated - it really is one of those companies to put in the bottom drawer and forget about till the price of silver goes up (3 weeks - 3 years)
if you want daily action look at oil,copper,uranium
best of luck
ps i am wrong more times than im right
MMN
macmin silver ltd
