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Magellan Minerals Ltd MAGNF

"Magellan Minerals Ltd is an exploration stage company. The Company along with its subsidiaries is engaged in the exploration and development of mineral properties, with a focus on gold properties in Brazil."


OTCPK:MAGNF - Post by User

Post by godofgoldon Apr 23, 2012 5:05pm
293 Views
Post# 19825957

Cant go wrong

Cant go wrong

Long time reader first timer poster... I thought I should point out that according to TD Waterhouse,  MNM's book value is 0.61, with the new financing (look @ news on March.30th /2012 - no dilution) Global Royalty Corporation is buying 500,000 shares @ price of 0.50 (yes a good premium over the price today).

Guys this is a no brainer, thank you to all the retail seller for helping me lower my average.

The only reason MNM's stock has been heading down is because someone got caught buying/selling MNM and creating false volume a few years back (but honestly on the Venture this happens all the time on all stocks so take ur head out of the sand).

 

Just my 2 cents...

~GOG

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