Agoracom: Small Cap Investment - Mag Silver - uh oh...they're going to wake up the osc

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A project so robust that we can mess up and still make a lot of money

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aitakahashi

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uh oh...they're going to wake up the osc

posted on Feb 06, 2009 05:38AM

nice try, fresnillo. first you actually have to wake up the osc. then you have to hope they actually do something. and then even the osc will figure out this deal died a long time ago. your offer was for $4.54, and the stock is trading over 6. even the osc can figure out that 6 is more than 4.54.

Fresnillo said its unit Fresbal asked the Ontario Securities Commission to review the decision by MAG Silver's independent committee's decision to suspend work on the valuation.

MAG Silver said on Feb. 1, the valuation was halted because Fresnillo had failed to provide key information, a charge Fresnillo denied.

"Fresbal is disappointed with what it views as an inappropriate delaying tactic by MAG Silver," Fresnillo said in a statement.

"Fresbal intends to take the necessary steps to enable MAG Silver shareholders to receive the offer in compliance with all laws as soon as practicable."