STOCKCHASE

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.

2010-03-15

PARTIAL SELL

0.410

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.

2010-02-26

BUY

0.520

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.

2010-01-20

HOLD

0.485

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.

2009-12-30

HOLD

0.460

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.

2009-12-21

Comment

0.490

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.

2009-12-07

Comment

0.580

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.

2009-11-16

BUY

0.600

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.

2009-10-28

BUY

0.600

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.

2009-10-28

SPECULATIVE BUY

0.550

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.

2009-09-15

Comment

0.470

Alexander Lane, B Comm, C

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..

2009-08-07

BUY

0.600

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

2009-06-29

Comment

0.570

Jeff Parent

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.

2009-06-23

HOLD

0.560

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.

2009-06-17

BUY

0.590

Keith Richards

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.

2009-05-11

PAST TOP PICK

0.340

(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.

2009-04-24

BUY

0.370

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.

2009-04-13

HOLD

0.330

Big potash mine in the Congo. Was in the process of financing when the market collapsed. Have about $50 million in the bank but have to do equity financing in the next 6 to 9 months if not sooner. Reasonably high risk.

2009-04-09

DON'T BUY

0.265

Michael Smedley

(Market Call Minute.) A company with different facets. Didn't like the way they did different deals sometime ago.

2008-11-25

Comment

0.495

(Market Call Minute.) Great robust potash project but everyone thinks they need money so it is unlikely to do much from here.

2008-11-07

BUY

0.830

Of the smaller non-producers, Magindustries would be their preference.

2008-09-29

BUY

1.670

Potash - West Coast Africa. Could be a takeover target. It will be the next potash mine to come on stream. (In 2011.) Have contracts with Brazil. Cheap and should be 30%-50% higher.

2008-08-18

TOP PICK

2.470

Potash on the west coast of Africa. Will deliver potash to Brazil cheaper than anyone else can do it. It will be the world’s next new potash mine.

2008-07-30

BUY

3.040

Likes the assets and the break up value of the company. Altogether the value of the company is in the $5 range. Good price.

2008-07-08

BUY

3.280

A potash deposit in the Republic of Congo. Just announced an off take agreement and will start producing in 2011. Will also be IPOing their potash division later this month, which should generate some value in MagIndustries.

2008-07-02

TOP PICK

3.040

Potash deposit in the Republic of Congo will come into production in 2011/2012. Valuation of the potash division exceeds the valuation of all of Magindustries as a whole. This division will be spun out in a month or two.

2008-05-29

TOP PICK

2.790

Ravi Sood

Potash play. A very large extremely profitable potash project in West Africa, Magminerals will be spun out as an independent company and will be valued about $4 per share giving a huge premium on today's price. Also have residual operations of forestry and power generation worth about $1.50. Gives close to $5.50/$6 per share of value. You won't capture all this as it will probably trade at discount, but it gives a huge upside from the current price.

2008-04-21

TOP PICK

2.750

Steve Martin

They refurbish and replace existing turbines in power plants and there is a power crisis in Africa right now. A bigger play is their massive potash deposit in the Congo. Recently spun out a small portion of that development into a private company. Raised money to start funding the first stage, which was about $480 million for the entire phase 1. They are left with $400 million, about $2 a share.

2008-04-18

BUY

2.660

Michael Decter

Developing a solution potash mine in the Congo. They have really cheap natural gas that is being flared, giving them a good energy source. Have a good port, good support from the government and good reserves. Risky.

2008-04-16

TOP PICK

2.400

The “mini Canadian Pacific.” In the republic of Congo. Diverse set of assets. One of the best Pot ash resources coming on stream in the next 5 years. The value of their assets is worth $5 per share, which is more than twice what stock is trading at.

2008-03-17

TOP PICK

1.930

The mini-Canadian pacific. They have a diverse set of assets that they are starting to create value from. They have one of the best pot-ash resources that are coming on stream in the next 5 years. A huge play. They've also got forestry and metals and energy. They are in the process of breaking up the company. The value of the pot ash itself is worth $5 a share which is more then twice what the stock is now.

2008-03-17

BUY

1.900