Market Watch for 9/28/2009 (Week of)

[billhart22]

Magnum Prepares to Ship Its First Shredding Unit to Company's Hudson, Colorado Tire Landfill Facility
Date : 09/28/2009 @ 6:30AM
Source : PR Newswire
Stock : (MDOR)
Quote : 1.24 0.01 (0.81%) @ 4:00PM




Magnum Prepares to Ship Its First Shredding Unit to Company's Hudson, Colorado Tire Landfill Facility

HUDSON, Colo., Sept. 28 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC:MDOR) (BULLETIN BOARD: MDOR) , procured a large multiple stage shredding system for its Hudson, CO facility over a month ago in anticipation of commencing initial operations after its acquisition of the facility. The equipment will be shipped this week to Hudson, Colorado and installed upon final permit approval.

This system will allow Magnum to commence initial operations that include acceptance and processing of tires at the facility. This will allow Magnum Recycling USA to begin generating revenue and prepare raw feed product for the rubber powder production lines.

To view the new shredding and chipping system visit: http://magnumresources.net/investors/528

President of Magnum, Joseph Glusic, stated, "We have been very deliberate in our preparations in Colorado to ensure complete compliance and cooperation with State and County officials. In recent weeks we have been upgrading and preparing the site to ensure an orderly and efficient transfer and approval of proper permits and licenses. It is anticipated that everything will be in place in short order and that Magnum Recycling USA will be able to commence full operations shortly thereafter."

In addition to general housekeeping, the site has gone through a makeover that includes refurbishment of our heavy equipment, building renovations, paving, and general site improvements to enhance traffic flow and future operations. Addition of security and removal of all extraneous equipment and refuge has already been completed. View photos:

http://magnumresources.net/gallery/?...picture&id=327 http://magnumresources.net/gallery/?...picture&id=328 http://magnumresources.net/gallery/?...picture&id=329

"I would also like to take this opportunity to thank all those involved in supporting our transition, especially the State and County officials and staff members that have been extremely helpful in guiding us through the complex permitting and environmental compliance issues. We look forward to a continuing cordial and professional relationship that has developed with these regulatory agencies as we move forward into our operational mode."

About MDOR:

Magnum's 98,000+ sq. ft. facility is located in Magog (Quebec). Magnum currently holds over $130 Million USD in open contracts for the production of rubber nuggets and rubber buffing. Magnum's proprietary "GREEN" technology provides a one-of-a-kind solution to all of the challenges in eliminating stockpiles of scrap tires and rubber scrap. For photos: http://magnumresources.net/gallery/?level=album&id=2

Magnum's Hudson, Colorado facility is approximately 30 miles northeast of Denver, Colorado. The facility consists of 120 high grade commercially zoned land, buildings, equipment, and inventory in excess of 30,000,000+ tires. The facility is one of the largest tire landfills in the world. For photos: http://magnumresources.net/gallery/?level=album&id=3

Magnum/SRI are currently using their advanced technologies to produce next generation rubber recycling solutions for custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market. To visit SRI: http://www.srielastomers.com/

World's First Magnum SRI Light Truck Tires: http://magnumresources.net/gallery/?level=album&id=5

Magnum/SRI tests are targeting premium applications that contain high grade properties. This also includes maximizing cost savings for clients while producing high quality materials. The reason why Magnum/SRI premium compounds are one of a kind is because they can be substituted in high specification compound applications without appreciable loss in properties or performance. Furthermore, the reason why our clients will prefer to use Magnum/SRI compounds is because they will be able to enjoy a substantial and meaningful reduction in raw material cost without compromising product performance and quality. In the competitive environment of rubber product manufacturing this is a major development having a direct positive impact on our customer's bottom line.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained in this document that are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. The company is not required to update its forward-looking statements.

Contact: Magnum D'Or Resources, Inc., Fort Lauderdale, FL 1-954-315-3883 http://www.magnumresources.net/

Green Tech International Advisors Human, Public, Investor Relations 1-561-674-2169 http://www.greentechinternationaladvisors.com/

DATASOURCE: Magnum D'Or Resources, Inc.

CONTACT: Magnum D'Or Resources, Inc., +1-954-315-3883,

; or Human, Public, Investor Relations, Green Tech

International Advisors, +1-561-674-2169,

Web Site: http://www.magnumresources.net/

[SiriMonkey]

[QUOTE=Ramsey;52935]he he...LOL -- my wife came into my office a little while ago -- I've got scraps of paper, two calculators, and three screens going...

Me: "what's up?"

her: "just thought I'd come in and hang out for a while"

Me: "Can we do *that* later"

her: "fine"

Me: (insert cartoon-style thought bubble) boy, glad she didn't see me *working* on my new Dan Brown book



Did she say fine or did she say FINE!! There is a difference you know.
Although I don't know why I'm telling you guys anything.

Julie

[candleman]

Good stuff Bill, thanks again.

Magnum Prepares to Ship Its First Shredding Unit to Company's Hudson, Colorado Tire Landfill Facility
Date : 09/28/2009 @ 6:30AM
Source : PR Newswire
Stock : (MDOR)
Quote : 1.24 0.01 (0.81%) @ 4:00PM




Magnum Prepares to Ship Its First Shredding Unit to Company's Hudson, Colorado Tire Landfill Facility

HUDSON, Colo., Sept. 28 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC:MDOR) (BULLETIN BOARD: MDOR) , procured a large multiple stage shredding system for its Hudson, CO facility over a month ago in anticipation of commencing initial operations after its acquisition of the facility. The equipment will be shipped this week to Hudson, Colorado and installed upon final permit approval.

This system will allow Magnum to commence initial operations that include acceptance and processing of tires at the facility. This will allow Magnum Recycling USA to begin generating revenue and prepare raw feed product for the rubber powder production lines.

To view the new shredding and chipping system visit: http://magnumresources.net/investors/528

President of Magnum, Joseph Glusic, stated, "We have been very deliberate in our preparations in Colorado to ensure complete compliance and cooperation with State and County officials. In recent weeks we have been upgrading and preparing the site to ensure an orderly and efficient transfer and approval of proper permits and licenses. It is anticipated that everything will be in place in short order and that Magnum Recycling USA will be able to commence full operations shortly thereafter."

In addition to general housekeeping, the site has gone through a makeover that includes refurbishment of our heavy equipment, building renovations, paving, and general site improvements to enhance traffic flow and future operations. Addition of security and removal of all extraneous equipment and refuge has already been completed. View photos:

http://magnumresources.net/gallery/?...picture&id=327 http://magnumresources.net/gallery/?...picture&id=328 http://magnumresources.net/gallery/?...picture&id=329

"I would also like to take this opportunity to thank all those involved in supporting our transition, especially the State and County officials and staff members that have been extremely helpful in guiding us through the complex permitting and environmental compliance issues. We look forward to a continuing cordial and professional relationship that has developed with these regulatory agencies as we move forward into our operational mode."

About MDOR:

Magnum's 98,000+ sq. ft. facility is located in Magog (Quebec). Magnum currently holds over $130 Million USD in open contracts for the production of rubber nuggets and rubber buffing. Magnum's proprietary "GREEN" technology provides a one-of-a-kind solution to all of the challenges in eliminating stockpiles of scrap tires and rubber scrap. For photos: http://magnumresources.net/gallery/?level=album&id=2

Magnum's Hudson, Colorado facility is approximately 30 miles northeast of Denver, Colorado. The facility consists of 120 high grade commercially zoned land, buildings, equipment, and inventory in excess of 30,000,000+ tires. The facility is one of the largest tire landfills in the world. For photos: http://magnumresources.net/gallery/?level=album&id=3

Magnum/SRI are currently using their advanced technologies to produce next generation rubber recycling solutions for custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market. To visit SRI: http://www.srielastomers.com/

World's First Magnum SRI Light Truck Tires: http://magnumresources.net/gallery/?level=album&id=5

Magnum/SRI tests are targeting premium applications that contain high grade properties. This also includes maximizing cost savings for clients while producing high quality materials. The reason why Magnum/SRI premium compounds are one of a kind is because they can be substituted in high specification compound applications without appreciable loss in properties or performance. Furthermore, the reason why our clients will prefer to use Magnum/SRI compounds is because they will be able to enjoy a substantial and meaningful reduction in raw material cost without compromising product performance and quality. In the competitive environment of rubber product manufacturing this is a major development having a direct positive impact on our customer's bottom line.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained in this document that are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. The company is not required to update its forward-looking statements.

Contact: Magnum D'Or Resources, Inc., Fort Lauderdale, FL 1-954-315-3883 http://www.magnumresources.net/

Green Tech International Advisors Human, Public, Investor Relations 1-561-674-2169 http://www.greentechinternationaladvisors.com/

DATASOURCE: Magnum D'Or Resources, Inc.

CONTACT: Magnum D'Or Resources, Inc., +1-954-315-3883,

; or Human, Public, Investor Relations, Green Tech

International Advisors, +1-561-674-2169,

Web Site: http://www.magnumresources.net/

[Dr. Dave]

I see Pacific Rim Mining PMU decided to make a bit of a move today. I've been watching this for a week now. I think I'm ready to go into it on the next dip. Any ideas of yours would be welcome!

I have some trend software that I have set up to follow XAUUSDO, it posted a sell signal today, and there is a gap to fill - current price 991.70, and the gap closure would be 980.

Looking at NYMEX gold contracts, there isn't a gap, but there could still be a pullback to 980.

Looking at GLD, it had a breakout a little while back, and it's pulling back, not sure if it will retest the triangle all the way. If the cyclical theory holds up, it should. Correlating the GLD chart with PMU though, it appears that PMU pulled back much more than GLD though... see the jun highs, and then the corresponding candle on PMU to GLD.

Like you, I don't trade the whole account, and wanted to clear some stocks out first before a buy. But I'd like to catch PMU in the 0.28-0.29 range, and had 2 days to do so. SQNM which I had a lead in had some really bad news today, and dropped big time. Luckily, I had a run up going, and pretty sure, I only lost a little... will check in a minute. But that cleared up enough to go in.

While expecting a pullback in gold to fill the gap, those little doji like candles could mean an upswing... so I'm really cautious. I'd like to buy PMU on a pullback, but if gold rallies tomorrow, and the price of PMU rallies past that green dashed line, I may buy it, hope for a quick up run... but, like you, I'd rather be patient and buy on a pullback... in fact, with the risk reward ratio - ie. expecting a high on PMU to be at 0.38, it actually isn't worth the risk buying on a breakout above 0.33.

Plan is to wait then... thanks for bringing it up... made me think about it a little more. A pullback to 980 in gold should likely get us in at 0.28... perhaps mark that spot and look PMU to go below and reverse, and try to hit 0.28.

I was too busy with SQNM when I woke up, and also monitoring ASFX to make the PMU trade.

Technically, I'd like to clear more out of my IRA, which has QASP, SIRI and BCLE and do the trade there. But, I'm waiting on a little gain on QASP or BCLE before trading out of it.

I did learn the beauty of buying protective puts though today... one cheap way out of time put on SQNM would have saved some of my gains. Next time I'm up like that, I'll look into it. I'm going to buy one on PACR, as I'm waiting on it to decide which way to go.

Oops - forgot charts...

[Dr. Dave]

Here's the NYMEX chart.

[bigsandy]

"Relax. It's just people giving the illusion of selling off. 10,000 shares at .0085? Seriously? I scoff as I fart at ridiculous behavior."

That place cracks me up. It's scary to think these people can vote and procreate.....

[Dr. Dave]

"Relax. It's just people giving the illusion of selling off. 10,000 shares at .0085? Seriously? I scoff as I fart at ridiculous behavior."

That place cracks me up. It's scary to think these people can vote and procreate.....

LOL - I only use that place to find out if there is a PR floating around... disregard anything else said there.

[GoHerdGreg]

I scoff as I fart at ridiculous behavior.

My second choice for the new name for this forum.

That is all.

[candleman]

On PMU, that is the exact plan that I was following. The pullback in gold signaling the time to buy in. I do feel strongly that 30 cents or less is the point to do it.

Although I don't look at much more than the 1 day, 5 day, and 6 month daily sales charts. I want you to know how nice it is to have my gut feelings backed up by your super charting.

Gold has been weak for the last several sessions. But, once we firmly break over the 1020 mark, I think we'll see 1200 pretty quickly, like 2 to 3 weeks. Then it will be time to take a 25% profit in PMU and let Bill find another hot property!!!

[candleman]

Wow Doc, SQNM really took a beating today. I never had looked at it before this very moment. I'm glad you got out with some resemblance of a shirt left on your back.