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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
Comment by moneydiggeron Mar 25, 2011 8:01pm
359 Views
Post# 18343289

RE: RE: RE: Hey Dutchie

RE: RE: RE: Hey DutchieI understand but like you say the stock price is at a bargain price if you put into consideration their other divisions and the potash resources.
    I;m trying to figure out how much is the highest an interested party would pay here. Let say we use  30 cents/share, that  would be a dream price for any buyer.   I could not see the management settling for that price and I'm sure the shareholder would reject it if ever it would come to a vote..  I just want to use that number cause it still is a good profit if someone would buy in today on that hope.  I'm sure any financing deal or buyout offer would be 30cents minimum.
   But as a person on the sideline, not owning any shares.  A news release like today gives hope of a deal.  If I could get in monday morning at 15cents, Im sure I could make a double minimum with my money.  Im not hoping for an agreement, just an offer or a financing deal which would propel the stock price to that majic offer number which cannot be under 30cents ever, just would be too ridiculous.  Many will want to get in first and this is why I can see this moving up from here. 
Not sure if I explained myself well enough for you, but I look at all this and I cannot see the share price going down anymore after this news.  So I think the risk is minimal at the moment.  And all you can lose is 15cents a share, not a whole lot if you look at it.
Bullboard Posts