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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 > Financing...power back in operation!
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Post by masspower on Nov 13, 2012 8:55am

Financing...power back in operation!

So Malaga is currently in negotiations to monetize all the copper by-product by the end of the current year and also intends to monetize other assets.  I think the copper by-products should give them a good chunk of cash and also what are the other assets they talk about? Thinking it could be the Dynacor shares that trade around a $1.35 and become free trading at the end of this month. I think Malaga will have close to the cash needed for all mine expansions IMHO. Power will be restored by end of November...I think the mine will be back in full operation in December.

GLTA

 

masspower

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