Bruce Campbell (1) MagIndustries Corp. MAA-T COMMENT Sep 02, 2010

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

Unlock Rating

$0.355

Stock price when the opinion was issued

other mines

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

HOLD

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.

COMMENT

This company is on his stock watch list. There is a possibility of them being delisted.

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.

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.

BUY

Large potash resource in the Republic of Congo. From a trading perspective, it would be an interesting pick up here. Expect they will announce another large financing partnership over the next few months.

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.

COMMENT

Takeover bid at $0.25 on the table. If there is going to be a counter offer, give it 2 or 3 weeks. Not trading above $0.25 indicates another offer is not coming so he would be tempted to take the offer.

SELL

There’s not going to be another offer, so tender your shares. He sold almost all of his position a while ago.

COMMENT

Possible takeover by a Chinese company. If they are not taken over, how much further will they drop and can they possibly fulfill their mandate as to what they want to do?

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Bruce Campbell (1) MagIndustries Corp. MAA-T COMMENT Sep 02, 2010

You might be interested:

MagIndustries Corp.(MAA-T)

MagIndustries Corp.(MAA-T)

MagIndustries Corp.(MAA-T)

MagIndustries Corp.(MAA-T)

MagIndustries Corp.(MAA-T)

MagIndustries Corp.(MAA-T)

MagIndustries Corp.(MAA-T)

MagIndustries Corp.(MAA-T)

MagIndustries Corp.(MAA-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Stockchase Insights

Jim Cramer - Mad Money

Dan Rohinton

Richard Fogler

The Panic-Proof Portfolio (Stockchase Research)