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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 stocktaon Jun 16, 2009 2:33pm
390 Views
Post# 16074943

RE: When China invests...

RE: When China invests...stephenson, a couple of points on your post

when the price of JIN fell that much most/all other commidty stocks were getting destroyed as well in the market slaughter of last year.

The Chinese are getting it stuck to them by PCS in the pricing of their potash contracts and they are pissed.  They likely want a piece of MAA so they don't have to rely on PCS for their needs as much.  However in terms of being able to wait, China can't afford not to buy fertilizer for even one year let alone many, so they must be in a hurry to get their potash pipeline set up.  Therefore, I see them tripping over themselves to get this deal done.  Why wouldn't they want first rights to MAA production?
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