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MagIndustries Corp MAAFF

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

Bullboard Posts
Comment by Canoutchieon Jun 02, 2010 9:40pm
414 Views
Post# 17152736

RE: Still weird

RE: Still weirdI'm a longtime lurker, and new member.
I've been watching this stock for a while.
I think most investors are concerned about financing.

Credit tightness, with the European crisis, is an issue people are thinking about.
Will the financing be secured?  Perhaps the Chinese cannot get ahold of funds...
Especially if they've been put on hold due to concerns about credit markets seizing up again.

Number581, your post about the fundamentals of this stock was informative.
However overriding macro-economic conditions may trump those fundamentals.

I guess the next two months will tell the story...
(I have a small position in this stock).
Bullboard Posts