Midas Resources (MDS)

[Aotea]

Hi All,
Just interested to know if anyone holds or has any info/ opinion on Midas?
They have a few projects on the go and seems interesting...
cheers

[percy]

Hi All,
Just interested to know if anyone holds or has any info/ opinion on Midas?
They have a few projects on the go and seems interesting...
cheers

I know nothing. Be careful if you go after the options.there are two!!!!!!
{a}convert 10 cents 28/05/2011.
{b}convert 3cents 30/11/2012.
I reread it ,and no i have not got it around the wrong way.
I am sorry but could not find the codes for you.
Perhaps Steve may post them.
.

[Phaedrus]

Mdsob 28/5/11
mdsoc 30/11/12

[Aotea]

I know nothing. Be careful if you go after the options.there are two!!!!!!
{a}convert 10 cents 28/05/2011.
{b}convert 3cents 30/11/2012.
I reread it ,and no i have not got it around the wrong way.
I am sorry but could not find the codes for you.
Perhaps Steve may post them.
.

Hi Percy...yes I did see they had options. Dont hold any and doubt
I will, just came across a couple of spare k and looking where to spend/invest..cheers

[percy]

Hi Percy...yes I did see they had options. Dont hold any and doubt
I will, just came across a couple of spare k and looking where to spend/invest..cheers

I think there will be plenty of good opportunties on monday,especially for the brave option buyer.I would waite until 1pm ,then look at esio under 2cents or pgcoa under0.8cents.Good time to top up on any winners you have or any good shares you have put off buying as they are too dear.

[Aotea]

I think there will be plenty of good opportunties on monday,especially for the brave option buyer.I would waite until 1pm ,then look at esio under 2cents or pgcoa under0.8cents.Good time to top up on any winners you have or any good shares you have put off buying as they are too dear.

Cheers..am a big fan of ESI..just need to see the cash roll in now!

[steve fleming]

I just had another look over MDS, and am very impressed!

It is shaping up like a mini GIR, indeed it has actually has a pretty close relationship with GIR.

* four iron ore projects in prime Pilbara locations close to transport
* it has a (small) JORC iron ore resource (11Mt) that is an extension of GIR's 38Mt AnthibyWell deposit
*it has a very advanced 400k oz gold resource that AngloAshanti has shown interest in developing
*it has another gold project that St Barbara has an option over
*numerous other promising gold targets, one of which will be RC drilled early October
*in the process of securing a JV with GIR over an extensive base metals exploration area

Market cap with the share price at 4c is just over $12m, so you are getting exceptionally good value/upside and exposure to a number
of quality projects at that level. It ran up to 16c earlier this year, so it is well off its highs.

Importantly, MDS has a couple of pretty advanced projects that offer potentially
near term cash flows, as well as offering transaction opportunities that you would normally not find in a
junior explorer at around the$10m market cap level.

[Aotea]

Gidday Steve.
I didnt buy into midas- picked Globe GBE instead.
Havent given up of buying in though, I see Midas as a fun stock to get a quick double or triple bagger...do you hold any?

[trackers]

Pity the record date for spp has recently passed. There's always a few who will look to sell straight away, so that may be keeping sp suppressed short term.

The only thing that bothers me with this company is that they don't seem to have achieved all that much since 2003...?

Drilling in Oct could be good

[steve fleming]

Gidday Steve.
I didnt buy into midas- picked Globe GBE instead.
Havent given up of buying in though, I see Midas as a fun stock to get a quick double or triple bagger...do you hold any?

Hi Aotea,
No don't own any yet.....but the (3c) MDSOC look pretty attractive if you could get them for about 2.5c or less.

The (10c) MDSOB has some pretty big upside, but a fair bit of risk given how short dated they are.

But yeah, better than even odds for a multi bagger from these levels, whether you are in the heads or options.