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Malaga Inc MLGAF

Metals & Mining Industrial Metals & Minerals
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

Malaga Inc > NEWS RELEASE FINALLY
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Comment by ruminatingon Aug 16, 2012 11:45am
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Post# 20224733

RE: RE: RE: NEWS RELEASE FINALLY

RE: RE: RE: NEWS RELEASE FINALLY

Try being bit more subtle.....no one really believes anyone is recouping in horror at these results.

Although MLG is not my favorite stock is the area, I have to hand it to their management team; they do run a good operation. In spite of working medium grades of ore and operating in difficult terrain at distance from corporate hq, with shakey infrastructure support, they manage to eke out decent earnings quarter after quarter. At annuallized earnings of 6 _ 10 cents per share I can see why you are concerned their projected EPS is only 1.0-1.5 (not)......  :)

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