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.

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MagIndustries Corp

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Post by CapeBretonon Oct 07, 2010 1:46pm

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Post# 17541274

delay

some people have posted that there will be at least another 2 month delay based on BC's remarks from BNN. But I think it is hard to know exactly what he meant when he said that. He implied from his sources "its been delayed 2 months". Delayed from when? Delayed from the end of August deadline, so a deal is expected end of Oct? or delayed from the Nov deadline so a delay in Jan? Delayed 2 months from today? I dont think it was clear enough from his comments to know when he was told when a deal might be expected. I did like his explanation of recent price pressure as fast money has left the stock. Makes sense more than some chinese conspiracy theory. Overall a strong endorsement.

Would be nice to have another analyst comment on Magindustries on BNN. When is Andrew Cook back on?

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