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MagIndustries Corp MAAFF

Agriculture Forest Products Agricultural Inputs Lumber & Wood Production
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

MagIndustries Corp
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Comment by cjsellon Sep 10, 2010 8:02am
614 Views
Post# 17432941

RE: more comments

RE: more commentsMr Burton is a poor poker player.  His hint about other buyers was a bust, and his only leverage card was a bluff.  The Chinese can deal with MAA at their leasure, if ever.  The entire management should walk the plank, get rid of the bunch. 

I went to the AGM and asked him direct questions about other options, he said "there are other options", and I have yet to see anything other than cash burn on paying salaries to dummies, additional dilution (to pay salaries of same dummies).

CJ
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Dealroom for high-potential pre-IPO opportunities