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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

Bullboard Posts
Post by eztwo1on Nov 26, 2009 7:39pm
405 Views
Post# 16528323

Inventing crap helps too.....

Inventing crap helps too.....especially in terms of production that is no where to be found ( for 45 days??) and costs of mining;  not that the supposed takeover, with no mention of a huge cash outlay and accumulating interest or further dilution would have anything to do with holding the stock back.    And then the 6 million outlay required in the first year for "expansion".  

And giving up 49% in uniao with no mention of amount to be received.

The pump's the thing, apparently.  Unfortunately,  judging by the stock price and apparent lack of interest  no one is buying the hype.

Hope MNM continues in the trend where they have found something of note already..... not anywhere near production, but another small company on that trend may benefit from the hype.   MNM...lucked out with Chapleau and now really "pushing" its luck with this fire sale...LOL....the vendors are excited, though!
Bullboard Posts