Re: Magpie 50 vs 48.7 plus valuation

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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fani

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Re: Magpie 50 vs 48.7 plus valuation

posted on Oct 23, 2008 02:55PM

roo

Not going to AGM - too much trouble to travel to TO - meetings are not very well attended in the past.

hopefully some members will be there and ask some good quesitons about managements plans... it really is astounding what you can find out if you prod long enough.

not sure what you are worried about and what you mean by who really owns the 48.7% - we as shareholders of fnc own it and we have a right to understand what the significance of this asset is worth.

what troubles me is that fancamp sold a portion of the shares in magpie to seemingly a related party and that was not disclosed...i will have to pose the question to Peter.

for now lets make some effort to VALUE THIS MAGPIE AND FLOOD PETER WITH IDEAS ON HOW TO CAPITALIZE ON THIS.