MagIndustries Corp. (MAA.TO) Buy, Sell or Hold

MagIndustries Corp. (MAA.TO)

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-0.00 (0.00%)

20 watching

BUY

Primary asset is potash deposit in the Congo. Working on a deal with Sino Hydro to take a stake. The value for the project is extremely low and should have a lot of upside in it. If this deal is not done, another one will be.

HOLD

Huge potash deposits on the west coast of Africa and have a signed deal to send it to Brazil. Just needs financing to put it into play. Memorandum of Understanding with Sino Hydro has been delayed twice. Think they will definitely get financing and it's only a matter of time.

HOLD

Huge potash deposits in the Congo (not the DRC) that they are in the process of trying to develop. Got caught just as financial markets fell apart so the shares suffered significantly. Chinese have been talking to them since April.

COMMENT

Green field potash mine on the west coast of Africa. A deal with Sino Hydro was postponed but the company feels they will come back in the next few weeks.

COMMENT

Got hit when the financing market closed out last year but they‘ve turned it around for the most part. Worst is over. Too risky for his portfolio.

BUY

Junior potash that has an understanding with Sino Hydro in China and is hoping it will be signed by Friday. Thinks it will go through so he would buy it here.

BUY

Hasn't been doing very much for the last 6 months. Market is waiting for the signing of an agreement to invest by Sino Hydro out of China, which should allow them to do some debt financing to get their potash project up and running over the next couple of years.

RISKY

Signed a memorandum of understanding with a Chinese company to finance their potash project. Thinks the deal will go through. Thinks there’s a trade in here and it could hit $0.75 if deal is signed, but it’s speculative.

COMMENT

In the small Congo, not the bad Congo. Chinese are in the process of making an offer. If they Buy, the stock will move higher, if not there’s a problem..

BUY

(Market Call Minute.) Probably a Buy given that the Chinese bought in at $.70.

COMMENT

Fertilizer and magnesium alloys. Has formed a nice curvy base with some up movements in it. Had a breakout in new territory in May and in June. Good volume. Could hit $1. The risk is that it could lose $.10 to $.15 before it moves up. Set a Stop at $.45.

HOLD

Has just signed a memorandum of understanding with a strategic party. Doesn't know all the details of this yet. Trimmed his position a little after the big run-up. From a longer-term perspective he is still a holder and still likes it.

BUY

Long-term of base building and all of a sudden it is exploding to the upside. With the large volume and the breakout, it looks pretty good. There is resistance level at $.63 and if it breaks through that, it could come close to reaching $1 a share. If volume starts to slow down or it starts to get into the resistance levels it would be a Sell.

PAST TOP PICK

(To Pick May 15/08 Down 90%) Like the stock a lot. It fell more than most because it is a small cap that needs financing. More than likely going to come to some terms on Potash project and will be a significant catalyst to moving the stock higher.

BUY

Largest potash deposit globally. (Undeveloped) They need a combination of debt and $110 million equity financing. This will be highly dilutive to existing shareholders but the market has already figured this out. He figures the current asset value is about $1. Good value if you have a lot of patience.

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MagIndustries Corp. (MAA.TO)