GREY:MAAFF - Post by User
Comment by
Redpillon Mar 31, 2011 11:13pm
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Post# 18371067
RE: RE: RE: Don't sell Mag Forestry !
RE: RE: RE: Don't sell Mag Forestry !sorry.... I should read the entire document before posting....
"
Risks Related to MagIndustries Generally
Going Concern
The Company is presently reporting losses and management's plan to continue development of the MagMinerals
Project and ultimately to production is heavily dependent on the success of the following initiatives: (a) successful
completion of additional financing, (b) completion of a transaction to finance the Project through either a sale or
joint venture, and (c) achieving a sale or revised management plan for MagForestry to mitigate losses. Should the
Company not be able to successfully complete these initiatives then it will become necessary to secure additional
sources of financing. There can be no assurances that any such additional sources of financing will be available to
the Company or that such funds will be available on acceptable terms. If the Company is not able to successfully
execute on any of the initiatives described above, then it may not be able to continue to develop the Project or
continue as a going concern.
"