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Malaga Inc MLGAF

Malaga Inc. is a mining company. The company, through its subsidiaries operates tungsten mine and gold plant with mining and exploration activities focused in Peru. The operations, exploration and development activities on the Pasto Bueno Property are located in the Ancash Department, Central Peru. The company also owns and operates in a hydroelectric asset. The company owns 100% of the property, including all surface rights. The company processes the ore from its own mine.


GREY:MLGAF - Post by User

Comment by SimplyTheFactson Mar 02, 2012 9:15am
195 Views
Post# 19616433

RE: RE: Warning: Production Down

RE: RE: Warning: Production Down

So now you ran off and made another blog post? Where is the link to the Ministry of Peru so we can verify?

Ok, we get it production is down, you can read all about it in the company financials:

"In Q3-2011, less tonnes were extracted from the mine as one of the stopes that was temporarily closed in Q2-2011 was not re-opened until recently and due to a reduction in the number of miners resulting from competition for manpower in Peru. The mining subcontractors have not been able to replace all of the lost miners thus far. Malaga has undertaken measures to improve wages, camp conditions in order to attract and retain miners which have stopped the decrease."

This seems to be a BIG issue for you, running here to WARN everybody. It isn't for me and I'll post whatever I want, so get lost already. What kind of person goes out and shorts a 16 cent stock in the middle of a worldwide Tungsten shortage? But please don't answer, I have no interest to hear from you or answer your worthless posts any longer. You are a waste of time. It is very unfortunate that people like you can hide behind their computer.

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