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Bullboard - Stock Discussion Forum 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 Discussion

Magellan Minerals Ltd > Cant go wrong
View:
Post by godofgold on Apr 23, 2012 5:05pm

Cant go wrong

Long time reader first timer poster... I thought I should point out that according to TD Waterhouse,  MNM's book value is 0.61, with the new financing (look @ news on March.30th /2012 - no dilution) Global Royalty Corporation is buying 500,000 shares @ price of 0.50 (yes a good premium over the price today).

Guys this is a no brainer, thank you to all the retail seller for helping me lower my average.

The only reason MNM's stock has been heading down is because someone got caught buying/selling MNM and creating false volume a few years back (but honestly on the Venture this happens all the time on all stocks so take ur head out of the sand).

 

Just my 2 cents...

~GOG

Comment by godofgold on Apr 23, 2012 5:18pm
Got my numbers mixed up, Global Royalty Corporation is buying 1,000,000 shares @ price of 0.50 for proceeds of $ 500,000. Here is the news release incase someone missed it: ---------------------------------------------------------------------------------------------------------------------------------------------- VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 30, 2012) - Magellan ...more