Opinions Bruce Campbell (1)
MagIndustries Corp.MAA.TOHOLDAug 04, 2010
Potash in western Africa. Asset value of well over $1 if they can get the deal with China National Company Plant Import (Complant) signed, which is extremely close. Surprised the stock has not been moving up.
Bruce Campbell (1)Owned
$0.38
Stock price when the opinion was issued
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SELL
There’s not going to be another offer, so tender your shares. He sold almost all of his position a while ago.
Bruce Campbell (1)Owned
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RISKY
It is a small cap potash that needs financing for a deal they just did (TLC – sub-Sahara mining company). If the deal completes the stock probably goes to 60 or 70 cents, otherwise it is flatter longer. Thinks it’s a good deal. Will do nothing until deal is announced and then it will double in one day. For your fun money in a portfolio.
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BUY
Potash in the Republic of Congo. (Not DRC) Phenomenal prospect and huge resource. Recently raised $10 or $15 million to look for other sources of funding, and think they will be successful.
James HodginsOwned
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BUY
Small-cap potash with large deposit on west coast of Africa and signed contracts to Brazil. Need help financing to get into production. Have a deal with a Chinese bank but are stuck with Chinese government approvals. Delayed for 2 months so fast money has been leaving. Good risk/reward.
Bruce Campbell (1)Owned
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COMMENT
Has rebounded off the bottom with a potash speculation of being a good takeover. In negotiations with the Chinese company Complant (?) to finance their plans for their Congo mine. Stock is $.70 if a deal is signed and $.25 if they don't. Speculative.
Bruce Campbell (1)Owned
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BUY
Primary asset is a potash deposit in the Congo. This is their focus. Will be a low cost potash deposit. If you are patient, you will be rewarded.
Andrew CookOwned
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COMMENT
Small-cap, very junior owner of a potash mine. Have a Memorandum of Understanding with a Chinese company and he is just waiting for the announcement.
Bruce Campbell (1)Owned
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COMMENT
Junior potash story on the west coast of Africa. Recently signed a Memorandum of Understanding for the 2nd time with a Chinese company. He calculates a NAV of about $1.75. Relatively higher risk play but the risk/reward looks really good.
Bruce Campbell (1)Owned
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PARTIAL SELL
Is a potash in the Congo in Africa, good management, won't fly without financing (100 million). Were in negotiations with the Chinese for financing, they backed out, and are now in negotiations with another company in China but it's not going to happen until July. If you can't wait then get out now. They do own in portfolios, bought at 30 to 40 cents.
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