MXR - Maximus Resources
- Thread starter Riesling
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Well, if you look around, a lot of gold prospectors are sharing the same sort of bad sentiment (HEG, LGL, NCM etc.)
I've not known MXR to get any free rides from the traders, once they start pouring the shiny golden stuff into little rectangular containers - then watch out!
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Any idea what potential future announcements are due within the next 4 to 6 weeks?
Anything that DOESN'T involve gold? Hopefully they'll release further details on those magnetic surveys and find a monstrous amount of Vanadium....
Obviously the market isn't very excited at this point in time with BIH given the rather lack luster performance today.
Anything that DOESN'T involve gold? Hopefully they'll release further details on those magnetic surveys and find a monstrous amount of Vanadium....
Obviously the market isn't very excited at this point in time with BIH given the rather lack luster performance today.
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d_crome I'd say that by far what we're all waiting for is the tonnage estimates at Narndee
They have the potential to really get MXR back on track and re-rate the company, otherwise I imagine the stock will range from 13c (NTA) to say 17c, either way Sellhiem production should shake the shackles off one hopes
They have the potential to really get MXR back on track and re-rate the company, otherwise I imagine the stock will range from 13c (NTA) to say 17c, either way Sellhiem production should shake the shackles off one hopes
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Any idea what potential future announcements are due within the next 4 to 6 weeks?
Anything that DOESN'T involve gold? Hopefully they'll release further details on those magnetic surveys and find a monstrous amount of Vanadium....
Obviously the market isn't very excited at this point in time with BIH given the rather lack luster performance today.
d_crome,
There is the follow-up drilling in May for the Canegrass.
As well, there is the bulk sampling to continue in May for the Sellheim project.
Cheers markcoinoz
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Alleged word on HC is that an announcement is due this week in regards to their drilling.
I'll believe it when I see it however!!
I'll believe it when I see it however!!
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someone is believing it, i have seen someone buy 250k shares for the last couple of weeks. I think on thursday/friday last week someone bought 250k shares * 3 I know that doest seem much but if you had a look at the volumes of shares that get traded by one person its pretty significant...
I dunno..
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d_crome I'd say that by far what we're all waiting for is the tonnage estimates at Narndee
They have the potential to really get MXR back on track and re-rate the company, otherwise I imagine the stock will range from 13c (NTA) to say 17c, either way Sellhiem production should shake the shackles off one hopes
Well I knew it,
After being on FDL I knew sooner or later Big Kevin Wills would do the same on MXR and what has he done today??
He's released a 1.7-3 Billion Tonne Magnetite target for the company a mini FDL about to happen
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Announcement out - looks like they hit some serious levels of Fe and Vanadium out there!!
Good news for MXR holders today I'm sure. I can go buy my Choc Wedge now.
Good news for MXR holders today I'm sure. I can go buy my Choc Wedge now.
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Hey guys,
Also Herbert I remember reading and listening to Mr Kev's Fe targets, kinda reminds me of FDL where he came out of nowhere with a monster target, but for now I think little to no upside value is or should be factored in to MXR until we have some more work on the tennements
I think alot on here underestimate the value of Vanadium
He he he he its good being right,
All I can say is I knew it I knew it I knew it, gald I'm holding over 1M at 14c avg
a tonnage to approximately 400 metres depth of between 1.7 and 3.0 billion tonnes of magnetite–bearing gabbro containing an average 20 to 35% magnetite is predicted to contain the “Excess Mass”. This magnetite-bearing gabbro can also be described as an “Excess Mass” of vanadium-rich magnetite iron ore.
He he he he its good being right,
All I can say is I knew it I knew it I knew it, gald I'm holding over 1M at 14c avg
a tonnage to approximately 400 metres depth of between 1.7 and 3.0 billion tonnes of magnetite–bearing gabbro containing an average 20 to 35% magnetite is predicted to contain the “Excess Mass”. This magnetite-bearing gabbro can also be described as an “Excess Mass” of vanadium-rich magnetite iron ore.
YT have you partially opened the bottom draw and taken advantage of the sp today??
benwex
I have been a MXR holder for a while and am still in the red althought it looks alot better today!
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Congartulations Young Trader & all other holders. Many thanks for your research and insight.
It's nice to have a win every once and a while!
It's nice to have a win every once and a while!
Agree with the previous post's sentiment. The research has reassured me over the last few months, certainly glad I held, and continue to do so.
How about some crystal ball gazing YT? What do you reckon this means in the longer term should big Kev's release match the reality?
How about some crystal ball gazing YT? What do you reckon this means in the longer term should big Kev's release match the reality?
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Hey Benwex, yeah I have as I was buying up so many around 13.5c-14c
It was a no brainer for me as the NTA was around 13c, I mean at 13.5c I kinda new that my max downside was 13c, but the upside given the plethora of ann's due was unlimited really
Also having been on FDL I knew what Big Kev was capable of in terms of ann's and also being on MDX told me what I oculd expect
I have taken a few off the table around 25c as I was holding waaayyy too many
Don't get me wrong, this is still spec and its only a target, but boy oh boy what a target
It was a no brainer for me as the NTA was around 13c, I mean at 13.5c I kinda new that my max downside was 13c, but the upside given the plethora of ann's due was unlimited really
Also having been on FDL I knew what Big Kev was capable of in terms of ann's and also being on MDX told me what I oculd expect
I have taken a few off the table around 25c as I was holding waaayyy too many
Don't get me wrong, this is still spec and its only a target, but boy oh boy what a target
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Granted I'm no YT - but IF things all click into gear things for MXR look very bright indeed.
IF:
- Sellheim gets into production on time, you'll see a positive steady cash flow into the company coffers, this announcement would certainly maintain MXR's positive direction once the aura fades on the 3 bil Fe announcement
- The drilling results are favorable for the current Fe announcement (if you read the fine print these are ESTIMATES based on computer models from aerial magnetic survey) and confirm the estimated Fe resource - then this thing is booming.
IF MXR continues to provide news on a regular basis there's no reason MXR won't be trading at an SP similar to that of WVL at this point in time - if not, more than WVL.
WVL and MXR have an equal share issuance, yet MXR has now proved (per their current announcements anyway) that they're potentially even worth MORE than WVL.
Again - I'm not a financial guru - I'm just a village idiot who's enjoying his SunnyBoy from his hard earned profits, so don't listen to a word I say
IF:
- Sellheim gets into production on time, you'll see a positive steady cash flow into the company coffers, this announcement would certainly maintain MXR's positive direction once the aura fades on the 3 bil Fe announcement
- The drilling results are favorable for the current Fe announcement (if you read the fine print these are ESTIMATES based on computer models from aerial magnetic survey) and confirm the estimated Fe resource - then this thing is booming.
IF MXR continues to provide news on a regular basis there's no reason MXR won't be trading at an SP similar to that of WVL at this point in time - if not, more than WVL.
WVL and MXR have an equal share issuance, yet MXR has now proved (per their current announcements anyway) that they're potentially even worth MORE than WVL.
Again - I'm not a financial guru - I'm just a village idiot who's enjoying his SunnyBoy from his hard earned profits, so don't listen to a word I say
I did the same, reduced my position and still have a **** load of MXRAO..
Big kev dropped to massive bombs onto the market today. The Gold places MXR have been pushing with their humble gold resources of 13.5k ounces is not what MXR is and should be about IMO.
Anyway the dust will settle..
I have my doubts though about MXR long term strategy. I have spoken to Mr Wills and he is not looking for a company making mine like most of MXr's peers. He rather is pushing all of the different projects and pushing the companies resources where the opportunity is the greatest.
He did it with FDL and now thankfully MXR..
benwex
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BEN - glad you raise that issue. I'm sitting here wondering what exactly separates MXR and WVL considering they have pretty much an equal level of shares on issue.
I'm sure WVL have a JORC supporting their Vanadium, but other than that, what else defines the difference between them?
Is Big kev just looking to spin this one off to the highest bidder and not develop a mine?
I'm sure WVL have a JORC supporting their Vanadium, but other than that, what else defines the difference between them?
Is Big kev just looking to spin this one off to the highest bidder and not develop a mine?
He he he he its good being right,
All I can say is I knew it I knew it I knew it, gald I'm holding over 1M at 14c avg
a tonnage to approximately 400 metres depth of between 1.7 and 3.0 billion tonnes of magnetite–bearing gabbro containing an average 20 to 35% magnetite is predicted to contain the “Excess Mass”. This magnetite-bearing gabbro can also be described as an “Excess Mass” of vanadium-rich magnetite iron ore.
YT thankyou!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I bought alot at 15c after reading your research
First IRC then GCR now MXR
Thank you thank you thank you
whats next?
