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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 Nov 09, 2010 10:09am
346 Views
Post# 17679645

November

November

Usually Remembrance day is the 11th, but I feel this will be a day for us to remember,

part of me wondered why the NR yesterday was so vaque, usually when financing is announced it comes with a bit more info, why would they break it up over 2 days.  As well from all our rough calculations it just doesnt seem like financing is required right now (we could be wrong), so you wonder if this is connected to some bigger deal.  But why would they need financing from Canadian sources, seems very limited. 

So I have no idea what the NR today will be, maybe just details on the financing, maybe an announcement complant is dead and they need some cash to protect the company,

I dont see where financing announcement yesterday will be a good sign as to a final deal, but I may be surprised.

Bullboard Posts