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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 > New to MLG/sp over-reaction to news
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Post by goseahawks on Oct 23, 2012 1:56pm

New to MLG/sp over-reaction to news

Someone on the GWG board mentioned the collapse of the MLG share price and I did some research.  My clear sense is that this sp drop is a profound over-reaction to temporary bad news.  Over the last two days I opened an initial position in Malaga and have been adding at .05 and under with MLGAF.  I do like the similarities to the rare earths in terms of unreliable China as source and critical need for ROW production.  Will continue to add with any dips.  Did have to contact my broker and have him reroute from Canadian to American OTC to get transaction.
Comment by StockExpertPro on Oct 24, 2012 1:40pm
How is this an over reaction to the news if this knocks them out of production? If they don't receive the necessary financing in the near future to make these expensive repairs they will have no other choice but to resort to massive dilution at a low price per share on MLG stock. This recent press release on MLG concerns me especially the part about them finding lower grades. At this point ...more  
Comment by StockExpertPro on Oct 24, 2012 8:22pm
This is what concerns me the most about MLG. The news release says the company was struggling with lower grade ore and selling prices. They were already struggling before the mine was knocked out from a power outage. What good will financing do them if they will be struggling again once they are back in production?https://www.reuters.com/article/2012/10/22/malaga-production-idUSL3E8LM6IZ20121022 ...more  
Comment by masspower on Oct 24, 2012 10:40pm
My take....talk about overreaction!  Financing?? I think GTP will finance most of the expansions needed...GTP has a very close relationship with Malaga that gets all of there tungsten and they have financed them before in the past. I posted a article dated back October 4 that mentions financing...Canada-based tungsten ...more  
Comment by goseahawks on Oct 24, 2012 11:06pm
StockExpertProDude:  I am not a stock expert pro like you but I see great value here.  Then again, I am not the standard run-of-the-mill basher such as yourself.  The company indicated it expects to restore full power in about a month and return to full production with arrangement of adequate funding.  I don't think this will be too big a deal given the profound scarcity of ...more  
Comment by goseahawks on Oct 24, 2012 11:42pm
NoStockExpertPro: "This is what concerns me the most about MLG"! Whom are you kidding? Nothing about MLG concerns you other than you short position. Your lame attempt at bashing might have a tiny chance of being believed if you did even minimal research. Maybe begin with this recent article:https://tungsteninvestingnews.com/2933-malaga-plans-tungsten-mine-expansion.html