SOURCE: Maybach Financial Group

Maybach Financial Group

February 04, 2008 12:11 ET

The Midas Touch Focusing on Western Goldfields, Gammon Gold, and General Moly Inc.

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

GRANDE BAY, MAURITIUS--(Marketwire - February 4, 2008) - 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 investment researchers compiling research from major analysts and fund managers. Our focus is to give investors the financial advantage necessary to sustain profit in all markets. This week, to gauge the outcome of the markets, we are focusing on Western Goldfields (AMEX: WGW), Gammon Gold (AMEX: GRS), and General Moly Inc (AMEX: GMO). 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: Protecting Our Future," and "Special Report #2: Hearing is Believing." No credit card or payment information is required.

Even in ancient Greece, man's love of gold was renowned and caused no end of trouble. King Midas of Phrygia (now part of Turkey) helped the satyr, part man & part goat, Silenus. The god Dionysus offered Midas a boon for his actions. Midas knew gold was needed for a successful economy so he asked that everything he touched be turned to gold (in order to replenish the royal treasury).

The first sign that things were not quite the way Midas had envisioned came about when he was showing off to his daughter. After turning his chariot into a mass of gold, he headed for the gardens -- unfortunately for him he took her by the hand. You guessed it -- she turned into a golden statue. He quickly realized that this wasn't going to work well with food either. Being an understanding god Dionysus allowed Midas to wash the magic off his hands in the Pactolus river. The river became known for its beautiful, shimmering gold deposits.

Western Goldfields (AMEX: WGW) gained $0.098 (2.79%) to $3.61 in mid day trading Friday on volumes of 84,800, only $0.56 shy of its 52 week high. Western recently announced a first gold pour of $1,000 ounces for 2008 production at its Mesquite Mine. "The announcement of the first gold pour at Mesquite is the final milestone in the transformation of Western Goldfields from a developer to a producer," said Mr. Randall Oliphant, Chairman. "Now that we have achieved production at Mesquite -- three months ahead of the Feasibility Study schedule and on budget -- we are now focused on growth strategies to enhance shareholder value." Exploration at Western's Brownie Hill deposit was scheduled to begin this week and approximately $1 million is to be spent on additional definition and exploratory drilling.

Gammon Gold (AMEX: GRS) fell $0.04 or -0.58% to $6.86 on trading values of 450,762, slightly above its 52 week low of $5.63. The company has operations in Ocampo and El Cubo and is currently exploring the Guadalupe y Calvo area in the Sierra Madre Occidental. The historic gold and silver mining district is estimated to have produced 2 million ounces of gold and 28 million ounces of silver. Due to more advanced mining techniques and the ability to mine deeper, current estimates are 1 million ounces of gold and 46 million ounces of silver. The estimates are for immediately accessible zones and do not address significant additional mineralized structures known to be present or the potential for large strike extensions.

General Moly Inc (AMEX: GMO) was down $0.18 (-1.78%) on volumes of 266,140 to sit $2.66 below its 52 week high of $12.57. Earlier this month, General Moly announced a contract with M3 Engineering & Technology Corporation to provide engineering, procurement and construction management services for its Mt. Hope molybdenum project. M3 completed the Bankable Feasibility study at Mt. Hope in August of 2007 and is continuing to advance engineering of the project. The Mt. Hope project in central Nevada is considered one of the largest and highest grade molybdenum deposits in the world. The project contains 1.3 billion pounds of Proven and Probable reserves with a Net Present Value of 1.4 billion. The company expects to be able to begin construction at the undeveloped site in 2009.

After witnessing the recent plunge in the markets influenced by the resource sector, the falling housing slump and employment issues, smart investors and hedge funds are shifting interests into other sectors. The markets are changing and investors are scared. The Bull Run that we have been use to over the past four years is starting to become more like a stampede in the other direction.

Stock markets are normally volatile, but investors have enjoyed a four-year run of below normal volatility and steady upward movement. Ups and downs, yes. But the Bull Run has been great over the past three to four years and has not ended as abruptly as many have predicted.

But while the end of the Bull Run has been predicted for more than a year, long-term investors shouldn't be worried. Of course, only if you know what you are doing.

First off, don't throw all your eggs into one basket.

Secondly, and most importantly, pick winners that last.

And pick winners that have little effect against the daily ups and downs of the economy. Visit to sign up free to receive your Special Report #1 and #2 for information on how to combat the markets or visit for your free subscription and BONUS reports.

We've seen oil markets spike, we've seen oil markets fall. We've seen wars, we've seen terrorist attacks. Chances are that the events that occur have a short term impact when you consider the overall factors of a 5-year forecast. We need to learn to take advantage of these economic factors. Think of homeland security. Most investors -- and unfortunately far too many brokers -- go on a buying spree the minute a rally starts in a particular sector. Correspondingly, they panic at the first sign of a downturn and tend to sell off some great stocks -- right before the dead cat bounces.

But Maybach isn't about day-trading and making money fast. It's about being patient and learning the secret of how to get rich slowly. Visit to receive two Special Reports -- free when you sign up! Or visit for your free subscription and BONUS reports.

It's also about adding stocks to your portfolio that have little or no effect against the state of the economy. The world as we know it has changed. Gone are the days of tradition and old school values. The entertainment industry is booming with the new technology in flat panel TVs. Take a look at some of the most recent headlines and you'll also see that the movies are setting box office records. Visit under our focus section to receive a free report on this sector.

Another sector we need to be focusing on right now is homeland security -- for obvious reasons of course. Visit under our focus section to receive yet another free report on this sector. Visit to receive our Special Report #1 and #2 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.

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