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Bullboard - Stock Discussion Forum Malaga Inc MLGAF

Metals & Mining Industrial Metals & Minerals
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 > downward price...
View:
Post by MAZZMEX on Oct 18, 2012 2:23pm

downward price...

Malaga have been selling their holding of dynacor and are planing to keep selling as soon as nov 30 when they will be allowed to trade another million which become free trading on that date.. from what i could find right now they woud be down to only 2.5 mil left ... also some funds ( i beleive trapeze) have been getting out of malaga.... now that we are at .07-.08 and above 200 million shares,and with possibly in need of major financing for the construction of the hydro dam, i'm thinking good chance of a share cosolidation coming soon... just my tought and observation.. good day.. Mazz
Comment by panhandlephillips on Oct 18, 2012 5:56pm
The hydro electric plant was suppose to be funded by the forward sale of W, not by a financing deal.
Comment by panhandlephillips on Oct 18, 2012 5:56pm
The hydro electric plant was suppose to be funded by the forward sale of W, not by a financing deal.
Comment by masspower on Oct 18, 2012 6:12pm
  Like Malaga...what goes down must go up just like North American Tungsten Woulfe Mining and others. That said...Dynacor's shares sold for exploration and increased expansions for their tungsten mine which will bring the best added value for all shareholders and company revenues in the near future ...more  
Malaga Inc