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Thanks! That was a GTC order that I put in a while ago. Would be great to see it go back over .01 today. $MAAFF
Nice grab, bid stacked right up too, shouldn't take much to move it, L2 very thin.... ARCA still @.0129
Ok cool and thanks.... looks like he's got it cornered... hopefully to load up for a run!!!
Are you seeing ARCA on the L2? He's not showing up on L1... L1 showing .0045 X .025.... ARCA at .005 X .0129
http://www.otcmarkets.com/stock/MAAFF/quote
On Etrade L2 I Have A 565 Trade Showing @ 08:06:08 @ 142.45
Does Anybody Have A 565 Share Trade @ 142.45 PM?
That's for sure.... he just moved to .20 on the ask
Hopefully, that is a sign of forthcoming volume. Thanks
Market maker ARCA showed up today, he's sitting at .0349 ask X .0031 bid on L2.... hmmmmm
Great, thanks. I have an order in for more, just in case it goes lower.
You're welcome. I agree but there are bits and pieces popping up here and there. Slated to start in 2018 and we can link Magminerals still owning 90% of the project. I sent an email this morning to the contact from the last PR, will post response if/when I get it.
Thanks. The lack of activity here has been a little discouraging.
TERDay is a good day for some and rather bad for others I think. Now I know the significant meaning of the phrase "what comes around goes around" and the true existence of KARMA! Go MAAFF Go! Ha,ha,ha
Geez another huge 200k+ whack, not sure what's up
Nice grab, I added last week or the week before,,, ask keeps getting thinner as well... see the 10400 trade? Squeeze at hand maybe...
filled some .0076's to even off the pile, thanks
That was quite an interesting trade report though. 10000 shares, followed by 236500 shares, both at $0.0075.
ShortVolume 236,500 on 246,500 TotalVolume traded
http://regsho.finra.org/FORFshvol20170519.txt
Lucky person who bought those 236,500 shares.
yup, probably someone who bought on initial pop and wanted back out for another play, patience will pay here imo $$$$$$$$$$$$$$$$
Very nice. I am glad to see those shares finally gone. $MAAFF.
Someone just bought the whole block, was trying to grab some but i just saw it 2 mins ago, nice pickup whoever got em
Looks like our man couldn't wait to have someone buy his shares at .01. He just bid whacked .0075.
If someone bought those 246,500 shares at .01, and the bid became .01, this would start moving again. Other than that, we would need some news to get this rolling again. I am not sure we'll get that anytime soon, but I am willing to wait, since it looks like this stock is worth a lot more based on what the company owns and does.
What do you think should be the bid to get this moving up again?
The bid is .0075 right now, and the ask is .01. Essentially, the price you can sell (bid) or buy (ask) at on a stock. However, you can put a buy order in above the bid, lets say .008, and maybe someone sells to you there and you buy for cheaper than the ask (.01).
What is the ask?
The guy on the ask right now has been trying to get rid of those shares for weeks. It would be nice to see him taken out. I unfortunately do not have the funds to do so right now.
$MAAFF anything below a penny is a gift imo, the dip Thursday was scooped right up in a matter of minutes. Can see this at multiple dollars by 2018.
Been waiting for something to come up about that out there. Article confirms Magindustries owns 90% of the project, absolutely huge.
Fantastic news bro, if this pans out we gonna get paid here, tucking these away till then
600,000 tons of potash x 190 per ton avg. price is $115 Million,. if they even get a quarter of that I'd be thrilled, says they are going to ramp it up eventually to 1.2M tons a year, wow
Article just released yesterday, dated May 8th under the headline section, headline reads "Mengo Potash Project, Kouilou."
http://www.mining-technology.com/
Link to the article:
http://www.mining-technology.com/projects/mengo-potash-project-kouilou
Mengo Potash Project, Kouilou, Congo
The Mengo potash mine is a greenfield project being developed in the Kouilou province of the Republic of Congo.
Canada-based MagMinerals Potasses Congo (MPC) owns and manages the potash project, in which MagMinerals Potash Corp. (MagMinerals) holds a 90% interest, while the Republic of Congo holds the remaining 10%. MagMinerals is a fully owned division of MagIndustries.
MagIndustries signed a 25-year potash investment agreement (PIA) with the ROC government for the development of Mengo potash mine in December 2008. Pre-construction works of the project commenced in March 2013, and the groundbreaking ceremony was conducted on 17 July 2013.
With first production slated for 2018, the mine is expected to produce 600,000 tonnes per annum (tpa) of potash for the first two years and increase production to 1.2Mtpa during the remaining 26 years of mine life.
Mengo potash project location, geology and mineralisation
Considered as one of the world's biggest undeveloped potash deposits, the Mengo mine is a part of the 136km² Mengo Mining Permit and is located close to the port city of Pointe-Noire, Congo.
The mine is located within the Congo coastal basin of Aptian age, stretching from Equatorial Guinea in the North to Angola in the South. The basin comprises a number of evaporate cycles, which have resulted in deposition of variable amounts of potash in the form of carnallitite.
Carnallitite is a magnesium-potassium-chloride mineral or a double-salt, while the carnallitite rock occurs in multiple, horizontal horizons ranging in thickness from 0.5m to 25m with an average content of roughly 70% carnallite.
The carnallitite rock consists of an interlayering of Carnallite-rich layers and Halite (NaCl) along with minor amounts of Anhydrite (CaSO4) and clay.
The Mengo project area hosts four potentially economic extractable carnallitite horizons with depths ranging from 500m to 1,000m below the surface.
"The mine is expected to produce 600,000 tonnes per annum (tpa) of potash for the first two years and increase production to 1.2Mtpa during the remaining 26 years of mine life."
The Horizon 1 Carnallitite is 19.1m-thick and contains 17.0% potassium chloride (KCl) as Carnallite, while the Horizon 2 is 12.5m-thick and contains 11.7% KCl. The Horizon 3 and 4 Carnallitites have a thickness of 9.6m and 25.1m, and contain 23.9% and 17.9% KCl as Carnallite respectively.
Mengo mine reserves
The proven and probable reserves at Mengo potash mine are estimated to be 33.77 million tonnes of KCl or potash.
Mining and processing of ore at Mengo
Solution mining method, involving dual well caverns, is proposed to mine the carnallitite reserves at the Mengo potash project.
The method involves drilling of a large-diameter hole to the bottom of the deepest carnallite layer at a depth of approximately 900m. Heated water will be pumped into the well to dissolve the carnallite. The cavern formed by the dissolution will expand through the layer of the highly soluble carnallite.
A second adjacent extraction well will then be connected to the first one, forming a dual well cavern with a diameter of approximately 100m. The dissolved salts will be extracted, and the injection and extraction well pipes will be raised from the bottom carnallite layer to the next layers.
The saturated salt brine will be pumped up and processed at the proposed potash processing plant, which is envisaged to produce 1.2Mtpa of muriate of potash (MOP) product of K60 quality.
The processing concept will include the continuous addition of carnallite to the incoming brine, resulting in the precipitation of halite and sylvite.
Solid slurry will undergo hot leaching and KCl crystallisation methods to create a K60 product, which will be transported to the port site, where it will be dried and compacted to a marketable product.
Off-take of potash from the Mengo mine
MagMinerals entered a potash marketing agreement with Ameropa, a company based in Switzerland, for the sale of the entire potash produced at the Mengo plant.
Mengo potash project financing
MagIndustries entered a project development framework (PDF) with the China National Complete Plant Import & Export Company (COMPLANT) for developing the potash project in January 2010.
As part the PDF, COMPLANT was engaged as the engineering, procurement and construction (EPC) contractor. COMPLANT will also provide a secured construction loan of up to $1.2bn, repayable over a minimum term of ten years. In addition, COMPLANT or its nominee will have an option to acquire a 50.1% interest in MPC, exercisable over the 12 months from the effective date of the EPC contract.
China Development Bank (CDB) entered an agreement with MagMinerals Potash to act as the lead-arranger for a $740m syndication loan for the project. CDB will also finance up to $370m as part of the agreement.
Infrastructure facilities at Mengo potash mine
Water for the Mengo plant site will be sourced from the Loémé River, located approximately 16km from the plant site.
ENI Congo will supply natural gas for the project through a 28km pipeline, under a contract signed with MPC.
Power supply for the mine will be provided through a thermal power plant being set up at the plant site. The power plant will use a combination of gas-fired boilers and steam turbine generator units to provide steam and power for the project.
Key players involved
MagIndustries engaged East China Engineering Science and Technology (ECEC) as the general contractor for the Mengo potash project on 18 March 2013. ECEC subcontracted China Wuyi for the civil engineering works.
Changsha Design & Research Institute of the Ministry of Chemical Industry China was awarded the engineering and design contract for the project. The contractual scope includes the full design, engineering services and procurement assistance associated with the project construction.
As part of the Mengo project, MagIndustries awarded the port facility design contract to China Shipbuilding NDRI Engineering (NDRI). NDRI is responsible for designing the facilities for the operation of a potash export terminal in the New Port area of Point-Noire, including a jetty and trestle, a 150,000t storage facility and other ancillary facilities.
ChangSha Huaxing Construction Supervision was awarded the construction engineering supervision contract for the Mengo project, while BNP Paribas was engaged by MagMinerals as the financial adviser to establish a debt financing package.
SNC Lavalin prepared the final feasibility study for the potash mine, which was assisted by Consolidated Contractors International Company.
South Africa's Engineering and Projects Company (E+PC) was engaged to provide engineering services, while HPD was engaged to provide the design and key equipment for a brine concentration system and a multi-stage crystallisation system.
I am sure the authorities will properly take everything into account before all the arrests are made. Stay safe there all!
The board was created 3/24/2017 at 11:10:16 AM as documented on top of the page here, about 3 hours after the run to .90 cents started.
Website was down for what a week while minimal changes made? The .com to .biz is hardly news to get excited about after years of silence and the no charges from the RCMP is complete BS in my opinion. Very recent and rather extravagant pump and dump attempt by the same people that have been manipulating and insider trading this stock for years. I would say it is just a matter of time before charges and arrests!! I am curious how long this lasts on the OTC, not likely long. But go ahead take a risk and put all the money in on this that you wish. Ha ha ha...
Company just had news and website is active again. Waiting for updates news/filing on potash project, if you don't want your shares then sell out, plenty of bidders here.
For someone with than name your not much of a risk taker, plenty of other trash on OTC with NO news making 100-1000% runs, this gonna pop one day, IMO of course
Is this the only scam going on the stock market? Just trying to figure out why this one stock? I really don't think this dead horse is coming back to life. I'm fully expecting the OTC to shut this down at any moment. Move on already, you lost. All those shares are useless here. Nice try though.
Relevant laws of the Blackjack Special Economic Zone
April 25, 2017, ambassador to the Congo (cloth) Xia Huang worship President Sassou, bilateral relations and the two major cooperation projects to communicate. The following are the same as the "
Ambassador Xia Huang said that since the visit of the President in 2016, the political mutual trust between the two countries has been deepened and pragmatic cooperation has been steadily advanced. The two sides have made positive progress in cooperation in aviation and infrastructure construction. At the beginning of this year, Wang Yi, during his visit to China, reached an important consensus. He also made a conspiracy project of Sino-African co-operation and a model project of intensive development in Africa. In the newly constructed logistics, manufacturing, aviation and capacity Construction of four major sub - regional centers. This year, the Chinese side will also send important groups to visit Gang, to promote bilateral cooperation in various fields, deepening the comprehensive strategic partnership with the Gang further docking. The following are the same as the "
President Sassou said that China is the most sincere friend, in the experience of the difficulties still stubbornly persists, so that the side was deeply moved. The two sides have already considered the adoption of the relevant laws of the Blackjack Special Economic Zone, providing the system and legal protection for the construction of the SAR; the relevant departments of the relevant departments are also working on the black angle mining port, the aircraft maintenance center, etc. The project is in close contact with the Chinese side and strive for progress as soon as possible. China and the Republic of China have provided strong support for the "comprehensive" and "strategic" relations of the two countries' partnership, and it is believed that the prospect of China-Congo relations will become more and more beautiful under the joint efforts of both sides. The following are the same as the "
After the meeting, Ambassador Xia Huang also accepted the interview with the mainstream media.
----
(very poor) machine translation from Webpage of the Chinese Embassy in Brazzaville: http://cg.chineseembassy.org/chn/
Read more at http://www.stockhouse.com/companies/bullboard/maaff/magindustries-corp?postid=26183256#EOowCjpJLOX8ZPVA.99
Ok. Thx for reply! Have a good one.
Sorry no one replied back!!
Curious what they said? Some interesting DD tidbits out there too...
Project finish date is this month, means they're ready to start mining, all facilities should be in place to support full mining operations. The timing of last weeks news is perfect, just waiting on further company updates.
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