Magellan Minerals Ltd MAGNF

JUST PLAIN TERRIBLE

[TrueGold]

There is a seller out there that seems to have unlimited shares to unload. The fact that management can not seem to find a fund or other large institution to take a large position in MNM does not speak well.

Maybe they are waiting for a positive PEA before they go on the road with some promotion. What I do not get is if they do have $10 million cash why in the heck are they not drilling. How about buying 10,000,000 shares back. That is almost 10% of the shares outstanding and they can get them for $2,000,000.00 bucks. Might be better than drilling. All I know is no activity means the stock will not go up.

Cheeze Louise, can we get this thing going.

We are not getting any younger Mr. Carter!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[SN3165]

Patience my friend!

[StackinCheese]

I've heard more news from a deaf mute than I have from this company. 

[roadhugger]

I can hardly beleive that we've just been told to be patient.....if you only knew

[Horsesmouth2U]

You hit the nail on the head Roadhugger. Hopefully this unfolds as follows. The PEA we are waiting for shows that we have an IRR of around 40% or more. That the Coringa property can produce a minimum of 55,000 ounces of GOLD per year. That the Capex are recovered in 2.7 years. This will lead to a Bankable FS that will take another 10 months to complete. Hopefully a slow production process kicks in