GREY:MAAFF - Post by User
Post by
Ethanbrodieon Mar 16, 2011 1:04am
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Post# 18291528
sell buy sell buy sell buy sell buy
sell buy sell buy sell buy sell buySure everything has been extremely disapointing. I highly doubt that we will go much lower than this. We have to remember that the asset in the ground and all of their business assets are worth much more than this. Also, the more it goes down, the more people can afford to have a small stake with high potential if management gets off their asses. The only positive i can come up with is that there seems to be alot of management away right now, which leads me to believe that there is something serious going on (but it should be reflected in the sp) or they are all in the bahamas sipping champagne celebrating how long they drawn the scam out for and are having one last party.
I did buy in at ..145 with 64000 shares. If it does pop a bit tomorow, I definately will sell to further hedge my total loss. Saying this, I cannot take much further of a loss. If it goes down further, I will exit about 85% of my position, and the rest on a prayer. I did say that I was going to talk to mgm last week. It did not work out and will be calling tomorow to see if anyone's home. I will post my discussion. the last I heard was that they were in talks with 2 players. but talk is talk , and talk can be bull crap. We need to see results.
The other positive I could see is that tsc was willing to do a deal at a lower valuation. Mag believe's they can get a better deal similar to complant. It would seem to me that if these two partners do not work out, someone will pick them up before they go bankrupt by the end of the year, and it will probably be for more than .15c. At an auction, many of the big players can buy this at an incredible discount and sell it later when potash prices go to 7-800 per tonne, get a massive return for peanuts.
I hope this silence is that they are working really hard and possibly working with 2 deals on the table. (HA!) wishful thinking but possible. Let's admit that if the numbers are correct, this is a deal of the century! (if its not a scam)at these share prices.