Magic will not raise the stock price sufficiently for investors suffering 2 reverse splits to make a capital gain, nor will it help current buyers make a profit in 2014.
Just a few months ago there were posts that they actually would meet their projection of mill operating in 2014, that some type of conventional financing may exist, that even without information on CAPEX there was "value" underground.
The company's management needs to realise that any serious money will not fall for their type of press releases, and that credibility needs to be built in the market. Not meeting projections, lack of concern about SEC review of their press releases, and CFO controlling voting shares, all would be of concern to long term equity investor.
Junior mining market may turn in 2014,and company has an option on some prospects and control of a mill. I am open-minded, has anything in the last year shown (a) management can set goals and meet them (b) can? management disclose key information on properties and projections (c) can management build credibility in the market.
CFO must know by now, in my opinion ,mill will not be operatonal in September, yet unsuspecting buyer looking at their website might get that impression. This is way to build stockholder support ?
AI
