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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 Dec 23, 2010 2:05am
361 Views
Post# 17886839

Do we have options?

Do we have options?If the deal is voted down what is the alternative? Pay the break fee and move on, the next option being debt finance from BNP Paribas @ circa 15%.  Is that more attractive than TSC? Still trying to figure out what value they bring to the bargain. The ability to raise finance, presumably, but I don't know who they are really and what terms they can get. So where is the value in this deal?

Bullboard Posts