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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 velkyon Mar 26, 2013 8:27pm
253 Views
Post# 21171666

RE: Big money to be made

RE: Big money to be made

The 4th Quarter and Year end MD&A are supposed to be out within 90 days of year end, we will no more then.  You can always contact the company directly.  A lot of uncertainty in the meantime.

- Net fixed assets at the end of Q3 were $28.6 million
- $1.4million advance on sales was due to GTP at the end of February
- Clarity needed on Peruvian tax assessment
- Tailings pond 80-90% completed
- Study on 2nd hydroelectric plant?
- $2 million debt financing in December, how much more required to restart operations?
- Annual update on NI-43-101 report?
- How much to complete ramp to Huayllapon zone?
- What are the offers for partial or total sale of the company?

I can't see this company, with all its problems, being worth less than 6 or 7 cents a share but if my aunt had balls she would be my uncle.

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