Malaga Inc (MLG.to): Just in case you've been wondering why...

...the stock has sold off so much....

...and the company has just brought in a new mine manager.....

MONTREAL, QUEBEC--(Marketwire -01/09/12)- Malaga Inc. ("MLG")(TSX: MLG.TO - News)(OTCQX: MLGAF.PK - News) announces the appointment of Fernando Pajuelo as General Manager in charge of mining operations at the Company's Pasto Bueno tungsten mine in Peru. Mr. Pajuelo will report directly to Malaga's President and CEO, Mr. Pierre Monet. (continues here)

....here's the reason, via the December 2011 production figures from Peru's mining ministry, out today:

 Waddya say, owly?

Yeah, I'd say that too. The 26 metric tonnes of tungsten produced by MLG.to at its Pasto Bueno mine in December 2011 is by far the worst month of production we've seen from this already under-performing dog. And to get a flavour as to how the figures add up on a quarterly basis, here's the same data chopped and sliced accordingly:

Also, if you cast your eyes back up to that price chart and check on the volumes traded recently, it's pretty obvious that somebody's been wanting to get out at any price going recently. Now you know why. And to think there are still fools out there pumping this thing....sheesh...