Junior Mining Penny Stock Mustang Alliances, Inc. (OTC: MSTG ) has nearly doubled in price in the last three weeks. After announcing Robert Faber (no relation to famed contrarian investor Marc Faber) as President on Wednesday announced Friday the purchase of mine processing equipment for its Potosi property in Southern Honduras.
MSTG traded as high as $1.34 in Friday’s trading session.
MSTG closing price Friday, February 3rd was $1.33, up +8.13% (+0.10).
MSTG traded volume of 1,719,395.
MSTG is trading:
- $ 0.29 above its 10 day moving average,
- $ 0.16 above its 5 day moving average and
- $ 0.09 above its 3 day moving average.
MSTG has a Market Cap of $133.05M with a 31.59M Share Float.
Mustang will deploy this equipment at the Potosi Property as part of a pilot test program to determine the best gold extraction and production techniques.
Mustang expects the pilot test program to allow the Company to determine concentration ratios, expected recovery per ton, mining and milling costs.
This will permit Mustang to establish the scope and equipment requirements for commercialization and move towards establishing commercial production. This is an internal company test and is not subject to independent oversight. Following successful completion of the test program, Mustang expects to do future testing following independent “Chain of Custody” protocols.
During 2011, Mustang completed considerable testing on the Potosi Property, including taking over 100 surface and near-surface samples and compiling historical data which includes over 1800m of drilling to depths ranging up to 125m.
Based on those test results, the Company believes that certain defined mineralized areas of the property could support a small-scale test mining production of approximately 1000 oz of gold per month.
Mustang will continue to focus on its goal of short-term production. In addition to initiation of a test-mining program, the Company will continue to explore its concessions to define proven quantities of commercially extractable gold and silver, with the goal of completing a 43-101 resource report in the future.
About Mustang Alliances, Inc.:
Mustang Alliances, Inc. is a junior mining company that is exploring and developing for gold and silver deposits in the Choluteca district of southern Honduras. The Company’s concessions cover more than 4,400 Hectares of strategically located and on trend with world class gold mines in the prolific Central American gold belt.
More than 22 million ounces of gold and 220 million ounces of silver have been produced from several major mines along with numerous smaller operations across the region including El Limon, La Libertad, Marlin and San Andreas.
“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.
Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.
Listed below are a few of the many points each and every penny stock investor needs to discover.
- Do your own research.
- Trade Responsibly.
- Verify everything.
- Move Fast or Get Left Behind.
- Do not use market orders to enter a position, use limit orders.
- Have a System That fits You.
- If a Stock Gaps Open, Look for Pullbacks to Enter.
- Plan a Trade and Trade a Plan.
- Always use stop loss orders to protect yourself.
- Positive Self- Belief.
- Keep trading as Part of a Balanced life.
- If a stock breaks below our alert price GET OUT. Do not wait.
- View Trading as a Score in Points and Not In Money:
- Always take your profits whenever you can. Do Not Be Greedy.
- Work Hard at Learning How to Trade Properly and Keep Working.
- Do something to make someone else’s life better today.
AimHighProfits.com strives to provide you with the hottest stock alerts in the market in Real-Time. We focus on stocks that trade for $5 per share or less, some as little as a few pennies with upside potential.
Our goal is committed to producing and publishing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions and to inform you of the best stocks in the market before they move. Our focus is primarily on OTC stocks in the stock market today which have traditionally been ignored by Wall Street.
We have particular expertise with internet stocks, gold stocks, renewable energy stocks, biotech stocks, oil stocks and green energy stocks. There are many hot penny stock opportunities present in the OTC market every day and we seek to exploit these hot stock gains for our members before the average daytrader is made aware of them.
Aim High Profits Disclaimer
This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances.
AimHighProfits.com is a wholly-owned subsidiary of Kelevra Media Innovation.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision.
Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
For a complete explanation, please visit our disclaimer page.Share