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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

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Post by Horsesmouth2U on Jun 19, 2012 12:49pm

ANY NEWS

Anyone hear anything about the annual meeting?????
Comment by garyroberts94 on Jun 19, 2012 6:06pm
Spoke with the very high-ups not too long ago.   Asked them about future planes, EAS, etc   He lead me to believe that there will be major things happening soon at MNM. Including plannings, drillings, revivals, and with the current estimates they have possible buyouts in the not too near future that happened with 2 previous MNM affiliate mines.   Good things to come!
Comment by StackinCheese on Jun 19, 2012 7:27pm
Gary - you're sounding awfully optimistic about a company that's lost 90% of it's market cap in the last year or two.  I'll believe it when I see it.  Buyouts??  Big things??  Heck lets try to get over a quarter/share first :)
Comment by Horsesmouth2U on Jun 20, 2012 11:54am
Mr. Gary: Could you please put this another way where I can understand it. What current estimates? Not to near future!!!! Does that mean a long ways away. Possible buyouts???? Please elaborate on your statement below....... and with the current estimates they have possible buyouts in the not too near future that happened with 2 previous MNM affiliate mines.
Comment by funway4106 on Jun 20, 2012 6:25pm
Check out the rest of venture were not alone,except for one that I used to own BSX just a spit away from MNM deposit it held up nicely .But it just moved to TSX.I just bought this one and doing DD but I don't see anything wrong yet its got cash signed a royalty agreement I think this one could be interesting,but it could take a couple years possibly adding to this one. Regards Funway  
Comment by garyroberts94 on Jun 21, 2012 12:51pm
If you look at some of the history of the CEO of this company and his previous mines. You will see that twice in the recent history 2 mines that the CEO were involved in looked very similar to the major mine that MNM has right now. And both of those mines were bought by MUCH bigger companies. If I am not mistaken B20 and Yamana were the buyers. Which makes it very likely that when the Economic ...more  
Comment by garyroberts94 on Jun 21, 2012 12:55pm
Cheese:   At 21 cents right now.. A quarter/share isnt exactly a major milestone away.   And like I just posted on the other blog; all gold has been hammered in the junior category. And it will indeed be some time before the major mines get into place MNM.  But i have a good optimistic view of what will happen when they are up and running.   And for the '90% lost market cap ...more