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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
Post by CapeBretonon Aug 30, 2010 7:50pm
590 Views
Post# 17397576

reassessing!

reassessing!somehow reading the Reuters article that stated Mag was "reassessing" the deal with Complant makes it sound so much better.  I do like the end of exclusivity clause, and the wording that the company does recognize their potash value given recent changes in the industry, but pretty weak NR otherwise, basically we are on hold.  If we have an agreement drafted for a PDA, but are just waiting for SDIC approval, why cant we as shareholders see this PDA, what exactly are we waiting for? what is the offer SDIC has to approve?  With no exclusitivity why cant we see what has been worked out? 
Bullboard Posts