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	<title>FatherGarage.com &#187; Penny Stock Chaser</title>
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		<title>PSC 01/25/09 1:02PM</title>
		<link>http://fathergarage.com/2010/01/25/psc-012509-102pm/</link>
		<comments>http://fathergarage.com/2010/01/25/psc-012509-102pm/#comments</comments>
		<pubDate>Tue, 26 Jan 2010 03:08:37 +0000</pubDate>
		<dc:creator>hagdawg</dc:creator>
				<category><![CDATA[Penny Stock Chaser]]></category>

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		<description><![CDATA[MXGD is going to be your pot of gold at the end of the rainbow!! PSC is profiling another great company working out of Tanzania. MXGD is trading @ 0.05 with over 3,478,364 in volume. This chart is looking good to us.  In the last months MXGD had stabled off but we want to shake [...]]]></description>
			<content:encoded><![CDATA[<p>MXGD is going to be your pot of gold at the end of the rainbow!!</p>
<p>PSC is profiling another great company working out of Tanzania.</p>
<p>MXGD is trading @ 0.05 with over 3,478,364 in volume.</p>
<p>This chart is looking good to us.  In the last months MXGD had stabled<br />
off but we want to shake things up a bit and make a nice profit from<br />
the expected results.</p>
<p>This past September MXGD hit a high of 0.26 and we will be watching<br />
for it to hit those levels again.  If that proves to be the case our<br />
members will make some serious gains.</p>
<p>We are putting our members on alert as this is a perfect entry level<br />
for MXGD because we have a feeling the best is yet to come.  Midex<br />
Gold confirmed that results from the stream sediment and soil samples<br />
taken from its Golden Hills Property will be available in the weeks to<br />
come.  That means news is on its way and MXGD could really soar high!</p>
<p>Giving us a little bit of a taste, the company’s President and CEO,<br />
Morgan Magella said that he is very encouraged with the results he has<br />
seen so far.</p>
<p>Alright then, we await but in the mean time, check out Midex Gold for<br />
yourself www.midexgold.com</p>
<p>As for the country itself, well Tanzania has become one of the<br />
fastest-emerging gold producers in Africa. Two gold mining majors that<br />
are deeply rooted in Tanzania are Barrick and AngloGold Ashanti with<br />
gold mines at Golden Ridge, Geita, Bulyanhulu, Ridge, Kahama/Chocolate<br />
Ridge and Tulawaka.</p>
<p>Barrick Gold (ABX) last traded @ 38.67</p>
<p>And Anglogold Ashanti (AU) sits on the charts @ 38.50</p>
<p>Another company set up in Tanzania is the Tanzanian Royalty<br />
Exploration Corporation.  Their primary focus is on exploration of<br />
gold properties.</p>
<p>Tanzanian Royalty Exploration Corporation (TRE) last traded @ 4.60</p>
<p>We always like getting to know our neighbours!!!</p>
<p>Gold and diamond production has been the mainstay of mining production<br />
for Tanzania.  The nation is the third-largest gold producer in Africa<br />
behind South Africa and Ghana, and ranks among the top producers of<br />
diamonds in the world. Tanzania&#8217;s gold mining industry is likely to<br />
grow in the near future, with increased production reaching a value of<br />
US$0.50 billion by 2013, contributing around 1.5% to the nation&#8217;s GDP.</p>
<p>Tanzania’s estimated gold reserves have been calculated at a<br />
conservative total and Tanzania now has proven gold reserves in excess<br />
of 36 Moz (1000 t).</p>
<p>We are excited about MXGD.  There is hassle and bustle around the<br />
company and we want our members to be ranking in the profits!</p>
<p>Last time MXGD hit its 52 week-high it was on the announcement that De<br />
Beers had sold its 75% equity stake in Williamson Diamonds Limited to<br />
Petra Diamonds.  And the best part is as put into perspective by</p>
<p>Morgan Magella, president of Midex Gold that &#8220;The sale of Africa&#8217;s<br />
most prolific diamond producing mine to Petra Diamonds Limited further<br />
reinforces our belief that our 46 square kilometer Magembe diamond<br />
property that is directly adjacent to the eastern, northern, and<br />
western boundaries of the Williamson Mine has the potential to become<br />
a world-class diamond mine.&#8221;</p>
<p>MXGD soared just on the announcement of the location alone.  Now we<br />
are awaiting actual soil sample results.  Imagine what could happen<br />
now!!!</p>
<p>From diamonds to gold, we think MXGD has the goods to take us far!!</p>
<p>If you need more information on MXGD, please join us on our website.<br />
Please do your own due diligence on MXGD<br />
To ensure delivery to your inbox, please add<br />
newsletter@pennystockchaser.com to your address book.</p>
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