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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 9sheetson Mar 11, 2011 11:20am
289 Views
Post# 18270987

HOLDING & NOT CAVING, have strength

HOLDING & NOT CAVING, have strengthPersonally I get really tired of all the bickering on this BB.
I believe if youv'e caved in & sold you should get the hell off here & stop bitching.
This is the 2nd time I've owned this stock & so far only made $, today however on paper I'm down but HOLDING.
Of course it's unfortunate that deals have not taken place but let's face it the stuff is still in the ground.
It would be nice to know KNUT or whoever why ? the former suitors x2  took a pass & bear that in mind with any other forth coming offer.  They WILL come (forgive the pun). And as for WILL & KNUT the last remaining 'Burtons" the last time I checked, they had been purchasing stock, these are two relatively young guys who most probably have their lives tied up in MAA completely & these are the biggest (ex-real estate) investments they have.
Have a little faith hang in tough and read slowly the last statement by RICH and understand all is not lost.

Rich Morrow, CEO of the Company, said, “We are disappointed that we could not reach final financial terms with TSC.  However, the management team will continue to work diligently with the Company’s advisors on the alternative transactions that we are currently assessing.”

MagIndustries has retained BMO Capital Markets as its financial advisor to assist the Company in evaluating strategic alternatives.

Good luck to all, chin up & keep smiling.

Bullboard Posts