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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 Dec 03, 2009 3:31pm
303 Views
Post# 16551549

What BS? Does MNM own the property?

What BS? Does MNM own the property?Is the stock price not reflective of the uncertainty?  Is a PP not required to fund the possible purchase?

Are there not  9 MILLION DOLLARS needed to purchase 51% of Creporizinho with no resources/reserves attested to by either MNM or the vendor?

Is 6 MILLION more not required over the next year by MNM if it buys the property within the 45 day DD as stated in its release?

Is MNM not "selling" (no $ given) 49% of Uniao to the vendor?

Does MNM have the money for the initial purchase?  It doesn't, by the way.  Is there a guarantee that the present mining can be continued?  There isn't , by the way.

Perhaps you should do at least a little DD before calling BS....you sound like a pathetic,  pumping simpleton who doesn't read releases when you post such simplistic responses.

BS.....you seem to know it well.     The share price speaks volumes, but MNM releases support the present price which may very well go lower.
Bullboard Posts