Watchlist for Monday

UMNG .0009 This Gold/Silver stock has had more than usual volume the chart showing major accumulation, and the chart shows cross of 50 and 200 MDA any volume could send this watching the Level 2 it is very thin to .008-.01 take a look at some key points:

Share structure

Shares Outstanding      749,193,794     a/o Jan 13, 2011
Float   538,974,794     a/o Jan 13, 2011
Authorized Shares       750,000,000     a/o Jan 13, 2011
Par Value        0.001

2. Last Annual report analysis

Last 10-K from Jan, 2011
http://www.otcmarkets.com/financialReportViewer?symbol=UMNG&id=42179

Total revenue $875K, Net profit $400K

O/S 750K and maxed out

At P/E = 10, the market cap should be $4 million or PPS = $0.006. p/e
10 has 600% potential.

3. Reverse merger company

UMining Resources Announces that Fraser Gold Has Purchased UMNG
Control Block. -
http://www.prnewswire.com/news-releases/umining-resources-announces-that-fraser-gold-has-purchased-umng-control-block-111413364.html

UMNG has a good % of control in Fraser gold private company.

Look at fraser gold company on facebook :
http://www.facebook.com/pages/Fraser-Gold-Inc/181718351862296

Fraser gold looks like a big company. So potential for UMNG on
revenues a speculative of R/M could be  huge. Also o/s maxed out. so it has a good chance
of running.

50 and 200 MDA crossing
http://stockcharts.com/h-sc/ui?s=umng