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clock Created with Sketch. 19/11/15
21:25
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Originally posted by stricker
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I have been reading every ones comments with interest, and it amazes me that people are missing the obvious. Magna are the white elephant in the room, but very much a positive white elephant. Is it not obvious that they spent time on the ground with NSL in India, after which the decided to back NSL to the tune of $5mil USD on terms that are a lot LESS advantageous than the previous loan! And since then have advanced $1.9 mil already with $600K more readily available NOW! The question is WHY? The answer is that they (Magna) are convinced that NSL are onto something real and are looking to cash in BIG! There is no other explanation for it. I for one has welcomed this retracement as it has given me an opportunity to further ADD to my already VERY significant position in this company. Yes there are delays, yes India is unpredictable, but patience is what's important here. At 8 mill MC, this is a steal! Just my views guys. GLTA
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From the attached link you will read that 71 of the 80 companies Magna have financed have gone out of business . Lets hope to prove those statistics wrong .http://www.bloomberg.com/news/artic...ason-made-millions-from-penny-stock-financing
