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MagIndustries Corp MAAFF

Agriculture Forest Products Agricultural Inputs Lumber & Wood Production
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

MagIndustries Corp
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Comment by mtsuiton Jul 30, 2008 11:33am
326 Views
Post# 15343244

RE: NEWS - MagMinerals Potash IPO update

RE: NEWS - MagMinerals Potash IPO updateEverybody should have expected the deal to come at a weak price simply based on the weakness in POT AGU MOS KCL API and so on.  It's not a Mag-problem.  I was happy when I read the PR because it means that MAA is not forcing the financing into a weak market. 

POT AGU etc... all sharply higher today.  Potash fundamentals remain outstanding.  I expect MAA to relaunch the IPO in a few months when the market has calmed.  Alternatively, they could always let in a major partner.  I'm not sure why people panicked here.

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Dealroom for high-potential pre-IPO opportunities