SOURCE: Maybach Financial Group

Maybach Financial Group

October 17, 2007 12:39 ET

Forward Progress Focusing on Miramar Mining Corp., Apollo Gold Corp. and Taseko Mines Ltd.

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Maybach.

GRANDE BAY, MAURITIUS--(Marketwire - October 17, 2007) - Comments made in this release are those of Maybach Financial Group and any questions or comments should be directed to the contact information located at the bottom of this release.

Maybach Financial Group is a syndicate of financial analysts, with a core group representing over 250 years of total investing experience. Our focus is to give investors the financial advantage necessary to sustain profit all markets. This week, to gauge the outcome of the markets, we are focusing on Miramar Mining Corp. (AMEX: MNG) Apollo Gold Corp. (AMEX: AGT) and Taseko Mines Ltd. (AMEX: TGB). For the full report, visit

The Maybach Financial Group will be researching the above-mentioned companies to determine their chances of a turnaround opportunity for investors. Visit for a complimentary subscription to the Maybach service and receive at no cost our "Special Report#1: The Pick of the Decade" plus a second free report "Special Report #2: Hearing is Believing." No credit card or payment information is required.

A recent report this past June concluded that a booming Asian economy is a main reason for high-flying mining companies.

Around the industry, the popular belief is that demand will continue to outstretch supply, keeping prices strong, the report says.

Exploration and development companies should be of particular interest to investors the report went on to conclude.

This has led to buyouts of significant value for shareholders of many juniors. One such company of interest would be the newly acquired Miramar Mining Corporation, (AMEX: MNG) which together with all its subsidiaries, engages in the exploration, acquisition, and development of gold bearing mineral properties in Canada with great success.

Earlier this month, Newmont Mining Corporation, a powerhouse in the industry, had come to an agreement with Miramar for a buyout at a 29% premium of Miramar's 20-day volume weighted average trading price on the TSX through October 5, 2007. This would value Miramar at approximately C$1.5 billion on a fully-diluted basis.

Great news for shareholders.

Meanwhile, other juniors appear to be beefing up their productivity.

Apollo Gold Corp. (AMEX: AGT) has a focus on exploration and development of gold bearing properties in Montana. They announced today they have entered into an $8,000,000 debt facility with RMB Australia Holdings Ltd. With this move, it appears that Apollo is working hard to continue their forward progress with their projects as stated by R. David Russell, President and CEO of Apollo:

"This financing removes some of the uncertainty in the market concerning our share price and our ability to repay the 2004 convertible debentures if they do not convert into shares. We now have the funds to repay the debentures, if necessary, without adversely impacting our plans to continue with exploration and development at our Black Fox and Huizopa projects."

Lastly, a company following along the same lines of interest for investors would be Taseko Mines Limited (AMEX: TGB) which engages in the exploration, development, and production of mineral properties in British Columbia.

It appears that the junior miners are moving forward and many big shots are interested. Recently, Taseko entered into an agreement with a syndicate of underwriters under which the underwriters have agreed to buy approximately 7.1 million common shares from Taseko at a price of $5.20 per share, representing an aggregate bought-deal offering of $37 million.

In interviews with industry CEOs, PricewaterhouseCooper determined that most executives think the gains in the short term are extremely positive with these types of companies as well as potentially repeatable.

More great news for shareholders.

For a limited time only, gain access to Maybach and our reports free of charge with no credit card or payment information required. Visit for your free subscription.

Visit to receive our Special Report #1 with information on how to combat the markets and how the face of the future is changing.

Maybach Financial (Maybach) is not a registered broker dealer or a registered investment advisor. No information accessed through the Maybach Web site or this release constitutes a recommendation to buy, sell or hold any security in any jurisdiction. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. There is no financial relationship that exists between the issuer of this release and the company whose stock is mentioned in the release. Please view the disclaimer at

Statements made in this release may include forward-looking statements and projections, made in reliance on the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Maybach has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. Maybach makes these statements and projections in good faith, neither Maybach nor its management can guarantee that the transactions will be consummated or that anticipated future results will be achieved. All material herein was based upon information believed to be reliable. The information contained herein is not guaranteed by Maybach to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Maybach assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Maybach, whether as a result of new information, future events, or otherwise.

Contact Information


    The Maybach Financial Group

    Toll Free: 1-800-344-4888

    Email: Email Contact