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Magellan Minerals Ltd MAGNF

"Magellan Minerals Ltd is an exploration stage company. The Company along with its subsidiaries is engaged in the exploration and development of mineral properties, with a focus on gold properties in Brazil."


OTCPK:MAGNF - Post by User

Comment by roadhuggeron Jan 29, 2014 4:56pm
250 Views
Post# 22149914

RE:Any action here?

RE:Any action here? they have the highest grade deposit in the country.... management is "all in"...they did almost all the last financing....the bad side of that is nobody else would do it...the good side is that they must see the potential and safety to step in themselves....the money raised was to pay some bills and now they have to raise more to get the feasibility finished. apparently they have banks ready and willing to finance the project once the feasibility is finished....once someone steps up to fund it then we're back on track.....ruben spend some of that moldy money of yours and wright these guys a cheque already.
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