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.

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MagIndustries Corp

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Comment by dutchie2on Sep 15, 2010 12:07pm

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Post# 17451196

RE: RE: RE: RE: RE: RE: RE: MagIndustries Announce

For current shareholders this is quite large. Let's say we did run out of money before a deal was struck. Then we would be at the market around?.25-.30 with another 100 million share's going through. We would all loose 25% of what ever it is that we will receive for the Mengo project. And i would suggest that is quite a bit more than the 24 million that we are receiving from SNEL.

CHIP OFF THE OLD BLOCK!!!!!!!!

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