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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

Comment by godofgoldon May 25, 2012 4:41am
286 Views
Post# 19945089

RE: Dead Horse or something else?

RE: Dead Horse or something else?

This board is getting better thanks to everyone for stopping the nonsense.

As for your question, make your own decision, review the presentation:

https://www.magellanminerals.com/_resources/presentations/CorporatePresentation.pdf

Correct, *some* people have issues with management; I own stocks @ 17 different juniors and have to say Magellan's management is @ the top of the list. Listen, no one is happy about the recent decline in share prices, but take a look around nearly all juniors (even majors) have been on the down trend for the longest time. I think it comes down to this, after reviewing all materials and speaking to management, if a shareholder does not believe in the company they should sell and move on. If a shareholder really does believe in the company, average down or if you have no available cash sit and wait like the rest of us.

In my opinion this is not a dead horse, this horse is waiting @ the start line ready for the race (as many other junior companies are).

~GOG

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