A bit about Mindoro Resources :
MINDORO is focused on copper–gold and nickel exploration in the Philippines with a strategy of advancing early stage opportunities to production or joint venture. Mindoro has NI 43-101 resource estimates on its Agata North nickel-cobalt project and on both its Lobo (SWB) and Archangel (Kay Tanda) gold–silver projects. Mindoro has identified 22 porphyry copper–gold prospects and has joint venture arrangements with Gold Fields covering three Batangas projects.
Mindoro is well positioned to capitalize on the global demand for gold with drilling underway on the American Tunnels gold and copper–gold project, funded by Mindoro, and drilling also underway on the El Paso copper-gold project, funded by Gold Fields.
January 11, 2010 Major Nickel Resource Potential for Mindoro in Philippines
January 21, 2010 Final Drill Results From Kay Tanda
January 22, 2010 Final Drill and Undergound Sample Results from American Tunnels
From the private placement we know the following :
EDMONTON, ALBERTA–(Marketwire – Feb. 19, 2010) – Mindoro Resources Ltd. (TSX VENTURE:MIO) (FRANKFURT:WKN 906167) today announced that it has arranged for the sale of up to 25,000,000 units to qualified investors at a price of $0.105 per unit. Each unit will consist of one Common Share and one Common Share Purchase Warrant. Each Purchase Warrant entitles the holder to acquire one additional Common Share at a price of $0.15 per share for one year from the date of issue. The Company may pay finder’s fees as allowed by the policies of the TSXV.
On the weekly we can find two areas of resistance or support, depending on how you look at it. If Mindoro achieves to break $0.20 on the weekly and stay above that level then that would be a very positive sign.
I am depending on everyone to do their own due diligence on this one. I do not currently own shares in Mindoro Resources Ltd. and I am not being paid to write up this article. I notice certain happenings in the stock which I think are favorable that’s all. Make up your own mind as to whether you’d agree with that. Remember that the placement is put at $0.105. I could not learn from the release when the placement will be completed. Just one to watch…my 2 maple leaves.
Some other links to consider :
For more information, please contact
Mindoro Resources Ltd.
(780) 413-8187 or Toll Free: 1-877-413-8187
Investor Relations – Canada
Senergy Communications Inc.
Investor Relations – Europe
Get the most recent Trend Analysis on Mindoro Resources Ltd. by following this link :
Marketclub – Mindoro Resources Ltd. Trend Analysis (What’s this?)