Nelly Shishkova

Mustang Alliances, Inc. (OTC:MSTG) Fuels the Climb by News and Promotions

by Nelly Shishkova January 30, 2012
Mustang Alliances, Inc. (OTC:MSTG) has been moving up progressively for two weeks already. On Friday, the stock added MSTG_chart1.pnganother 2.17% to its price, while its traded volume got double. However, it looks like Mustang is determined to climb higher this week.

It was just on Friday, when the company reported that its exploration program has been completed on the Potosi property located in Honduras. The company's team has been highly encouraged by the findings of the sampling program and expects to commence its 2012 work program mid to late February.

The news does sound inspiring, though it was not the only step the company made towards the top of the chart.

During the weekend, MSTG got heavily promoted by different promoters for a total compensation of $100,000 and the campaign continues today. Apparently, the company did its best to fuel up the current up move of their stock and the result is just about to be seen.

Mustang Alliances, Inc. is a junior mining company with a focus on the acquisition and development of precious metals properties in Honduras. As of September 30, the company's cash position has improved, however, its accumulated deficit during the exploration stage jumped up. In addition, the net loss substantially rose up.

The biggest issue for MSTG appears to be the fact that the company has not yet generated revenues from planned principal operations and is considered an exploration-stage company.

In other words, there can be no assurance that sufficient funds will be generated from operations or that funds will be available from external sources such as debt or equity financings or other potential sources. Meaning that, at this point, the going concern status of Mustang remains valid.

Comments 6

1. Guest
May 02, 2012, 10:02AM

Quotes This company if you read ''their'' reports have very little that could be called assets. They are in the exploration stage with no resources and no 43-101. They have not even started a proper exploration program, the little they have done can only be regarded as preliminary and no doubt they will need to carry out an extensive drilling program before they even start putting together a resource.

The statement that they have purchased processing equipment to start production is a joke, process what if they haven't got a reserve??

All these countries require mining companies to submit a resource, together with a technical project, financial model and an ESIA in order to get permission to start extraction, you don't do this in a week and by the way it costs money much more than they currently have.

2. Guest
May 02, 2012, 09:46AM

Quotes lllllllll

3. Guest
March 01, 2012, 08:44PM

Quotes Check out the CEO's previous ponzi scheme

4. Guest
February 06, 2012, 09:04AM

Quotes Here Here. Pump and dump. Oh by the way we have no power and no determined feasibility. Yeah Right

5. Guest
February 04, 2012, 01:53PM

Quotes I especially liked the part where there is currently no power supply to the mineral claims.

6. Guest
February 04, 2012, 01:51PM

Quotes Read this from their quarterly report.

We are dependent upon making a gold deposit discovery at the properties. Should we be able to make an economic find, we would then be solely dependent upon the mining operation for our revenue and profits, if any. The probability that reserves that meet SEC guidelines will be discovered on the property is undeterminable at this time. Our properties presently do not have any mineral resources or reserves. There is currently no mining plant or equipment located within the property boundaries. Currently, there is no power supply to the mineral claims. A great deal of work is required on our property before a determination as to the economic and legal feasibility of a mining venture on it can be made.

This is a pump and dump scam.

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