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

MagIndustries Corp

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Comment by CapeBretonon Jul 27, 2010 11:15am

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Post# 17299909

RE: RE: RE: RE: RE: RE: Good job on NR

nice to see slow and steady sp appreciation. Not a surprise the volume, while bigger, is still relatively thin. But what the lastest news has done is probably taken away a lot of the selling pressure, the asks will remain weak, with possible numerous press releases pending and a deal at the end of August, there will be little selling unless we break a technical barrier of 45-50 cents. Anybody have the ask/bid spread they can post? While there has not been big volume from fund activity, I wonder if they might start accumulating bigger lots (100,000) on a daily basis, this would support a slow rise in sp. It will be interesting to see if we could get some comments on BNN.
Unlike some comments, I can not see a reverse back to 30 cents, just think there the risk / reard ratio has chnaged too much and the selling pressure is not there.

I expect 40 cents by the end of the week.

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