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MagIndustries Corp MAAFF

MagIndustries Corp is engaged in development and exploration of potash salt deposits. The company has two business units: MagMinerals and MagForestry. It is primarily engaged in the financing, developing and placing into production or operation of the projects such as potash plant, a potash exploration and eucalyptus plantation and chip mill. Geographically all the operations are functioned through the region of Canada.


GREY:MAAFF - Post by User

Bullboard Posts
Post by Brainwave1on Feb 04, 2010 1:26pm
421 Views
Post# 16752515

Way forward

Way forwardI expect that the way forward from here is much as 581 laid out in some posts back; that as more evidence emerges of the project milestones  and DD by Complant more confidence in the deal going ahead will build and be reflected in the SP. MAG must also communicate effectively re same.  That, and good negotaition ability, is what is needed to take this on to the next level.

One thing I do not relish is all of MAG (ref the issues "outside the scope of this call" comment from Mag) going into play in this deal. That is where significant further pay back exists for the longs re creating and realising value in all this crazy little company's other subsidiaries and projects. Get the Mengo deal to work and move on to the other suite of projects once the cash, capability and experience are on board.

Bullboard Posts