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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 ERealon Feb 04, 2009 4:49pm
330 Views
Post# 15752581

RE: RE: RE: shorts

RE: RE: RE: shortsWell in September '08 they had $126 million of cash. Granted that's not enough to build a potash mine but now with a fully diluted market cap of 47 million it does seem rather undervalued. There has been a divergence between the price of MAA and the other potash juniors since early January with MAA selling off. Possibly something is wrong, but I think it is likely 1 large holder who is liquidating. If someone could post house positions today it would help confirm this theory. If I am right the selloff might continue tomorrow followed by a bounce.
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Dealroom for high-potential pre-IPO opportunities