GREY:MLGAF - Post by User
Comment by
SimplyTheFactson Mar 01, 2012 10:16am
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Post# 19610374
RE: RE: RE: Malaga is a good long term Holder!
RE: RE: RE: Malaga is a good long term Holder! The stock was beaten to oblivion, way oversold and undervalued. It just became a profitable producer of Tungsten, one of the minerals listed in critical short supply, 10% of world Tungsten supply outside of China comes from here and production is set to increase, they just raised their resources by 140%, signed up to put a power plant on the property to expand production... this is just the beginning of the story for MLG. It depends what kind of trader you are. If you are a flipper, bought at .10 and it's now .18, I guess that is good enough profits... and yes, there may be a correction for this move... but topped out? This stock is a 10 bagger, there are only a handful of profitable Tungsten producers in the world, buy and hold... and that of course in my opinion.
If anyone knows their production expansion timeline, I would appreciate if you could let others know... I will contact the company shortly myself...
Good luck to all,
Simply