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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 Ethanbrodieon Mar 31, 2011 7:52pm
404 Views
Post# 18370412

year end

year endI"m a little surprised that there was not much volume today considering the year end came out. It was bad, especially knowing that deals have fell through and are burning alot of cash. They said 2010 was the year they focused on cost cutting measures. To me, it does not look like they did that great of a job. I guess people were expecting bad results.
I don't think that elm has anything to do with us, If it was the case and there was a deal with us and them, the volume would probably be in the 10-20 mil range and we would have been halted. 
I don't know why they don't  issue a conference call. Talk about babies that can't stand up for the decisions they make. If you can't stand the hear get the ... out and let someone else get this "best undeveloped world class potash project" started.  Also, in the M and D, they basically had nothing to say. 
I think they want a deal done by the agm, or crap will fly, and we will probably see some forced resignations again which would not be so bad. 
I"m holding on till the agm. If nothing, i'm out no matter what. This crap show has gone on long enough. 
Bullboard Posts