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Bullboard - Stock Discussion Forum 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... see more

GREY:MLGAF - Post Discussion

Malaga Inc > Warning: Production Down!
View:
Post by QM45 on Mar 01, 2012 10:28am

Warning: Production Down!

Looks like whoever was getting out for 20M shares plus in Jan and Feb was doing so for a reason.

Production for the last quarter was down significantly. Looks like rather then going towards 500 tpd they are heading for 150tpd. The management will probably discount the last of the warrants to make the numbers look better for the quarter, but the direction is worrying to say the least.

November was down 24%

December production was down 70% to only 26 tons.

Probably why they hired a new mine manager.

Do your own research. Link below will get you started. Good luck to all longs!

https://www.metal-pages.com/news/story/59628/malaga-tungsten-output-down-24-in-november/

Comment by SimplyTheFacts on Mar 01, 2012 11:00am
Looks like our friend QM45 has only made one post on SH, to come here and help us shareholders. The link does not work and the article he/she says is one and a half months old... but that is not all look below, none of these "Blog Articles" can be accessed: "Posts Related to Malaga tungsten output down 24% in 2011 Malaga August tungsten output down 31%  ...more  
Comment by QM45 on Mar 01, 2012 11:21am
Wow  "SimplyTheFacts", you really did your due dilligence in the two minutes, maybe should change your handle to "SimplyTooLazy".  Try this one then. Call Malaga on their free 800 number. Ask to talk to CEO. Ask him  where their production numbers were for the last  quarter.  And then come back here and post something useful.  Otherwise, wait for ...more  
Comment by SimplyTheFacts on Mar 01, 2012 11:26am
Thank you for blessing us with your second post on stock house QM45, I have spoken with the CEO and am comfortable with my answers, what is interesting are all these false blog posts: https://www.google.com/search?hl=en&biw=960&bih=611&sclient=psy-ab&q=Malaga+tungsten+output+down+&btnG=&pbx=1&oq=Malaga+tungsten+output+down+&aq=f&aqi=&aql=&gs_sm=12&gs ...more  
Comment by QM45 on Mar 01, 2012 11:42am
That's funny, you are comfortable with the answers... I asked you about production for last quarter.  If you had some brains you'd realize that metal pages is an institutional paid service not a blog.  If you were not lazy you'd do some research and find the information in other sources.  But you don't and you are.  You want me to hand it to you on the platter ...more  
Comment by hunyango on Mar 01, 2012 11:51am
if MLG production if really slowing, valuation is still rediculously attractive. -plus the fact that tungsten is superhot right now -they added 140% to their resource - they will add new power plant this year -upgrading production capacity to 600 tpd (from 350tpd) -- someone has idea if its done already?? -and its a 17 cent stocks - your blind if not seeing this
Comment by SimplyTheFacts on Mar 01, 2012 11:55am
I would not ecxpect anything but rudness from a low life like you...  I just contacted the company, they will investigate those posts, all coming out of the same source. As for you, let's see if you can post one of those articles here in full... Here is a warning to you, your computer ID can be tracked and I hope they get you!
Comment by QM45 on Mar 01, 2012 12:15pm
You must be the dumbest poster I have ever seen and a lier to top it up. You contacted the company? Really??? They will investigate what??? The numbers they are about to report in the next few weeks? My computer ID can be tracked and you hope they will get me???  Get me for what? For posting REAL, COLD facts which you are too lazy to find out for yourself?  NUMBERS DON'T LIE ...more  
Comment by masspower on Mar 01, 2012 2:41pm
QM45 I'm curious being that this is your first postings on your profile. What do you think about the company and can you back this December production up with a link for me? (December production was down 70% to only 26 tons)
Comment by QM45 on Mar 01, 2012 3:58pm
Masspower2,  My profile also says member since 2006. Last time I posted was probably before stockhouse changed over, maybe my old posts got deleted.  I post rarely if at all.  I was a large shareholder, I have scaled back a lot. My average cost is a lot lower than here so I am comfortable with my left over position.  What do I think about the company?  Tungsten is bullish, ...more  
Comment by dontknowmuch on Mar 01, 2012 4:02pm
Hey “SimplyTheFacts”, Looks like Stockhouse agrees with you, the only posts now showing for QM45 are those he posted today.   All other recent posts have been removed.    Thanks for your efforts!
Comment by QM45 on Mar 02, 2012 8:23am
Since "SimplyTheFacts" never "LetsTheFactsGetintheWay" here is a bone for you:https://incakolanews.blogspot.com/2012/02/malaga-inc-mlgto-just-in-case-youve.html Read the last line: from the MINISTRY OF PERU, hey but I guess they are liers and cheats as well :) Now you can go back to pumping the stock with links to old articles how tungsten is a pie in the sky...
Comment by SimplyTheFacts on Mar 02, 2012 9:15am
So now you ran off and made another blog post? Where is the link to the Ministry of Peru so we can verify? Ok, we get it production is down, you can read all about it in the company financials: "In Q3-2011, less tonnes were extracted from the mine as one of the stopes that was temporarily closed in Q2-2011 was not re-opened until recently and due to a reduction in the number of miners ...more  
Comment by dlindy14 on Mar 02, 2012 9:38am
Agree with Simply. Put the guy on ignore already.
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