MRX - Matrix Metals

[Tig3r]

Hi Caliente and others,

I am seriously considering purchasing this stock as I heard the recent appointment of a new ceo who has done great things for his previous company. Please share your thoughts.

Thanks,

Tig3r

 

[Caliente]

hi Tig3r. Welcome to the forums. From the AGM, I've gathered that they are going to go drill in 1H 07 and go into production in 2H 07.

For technicals please check their announcements regarding Leichardt operations. I'll just discuss my thoughts on the AGM as I imagine you may not have been there to see management eye to eye.

The team is good, and the directors got a grilling from a shareholder at the AGM who asked questions on just about every topic relating to the development of the mine! He seemed to be a miner himself judging by his questioning.

Afterwards, in conclusion; he was happy with the management and prospects and so was I.

My "feel" is that Matrix shareholders have been suffering for a long period of time with a fairly stagnating share price, and the excitement from the chairman reflected to me that a change is on the horizon this year.

This is not concrete - but I place value on solid management and companies who are excited about their prospects.

Please DYOR.

my position - hold.

 

[Tig3r]

Hi Caliente,

Thank you very much for that information. To answer your question I wasn't at the AGM but have heard much speculation about MRX's share price.

Will have to wait and judge accordingly. Thanks again for the information and have a great day.

 

[surfingman]

Hi everyone,

Im new to sharetrading only trading for a few months, i brought a few shares in MRX and today they peaked at 13 cents with a good volume will be interesting to see what happens around march with production begining.

Andy

 

[Dutchy3]

Hi All

If I had I'd hold ... note that this is a MONTHLY chart so measure success on this one in Months / Years ... shorter time frames have the potential to disappoint ... Nov 2006 experienced relatively heavy volume and corrected a down trend resistance line in place since late 2004.

Note has traded at 25 - 30 in the past ... for those buying now (where is a logical stop and how much risk would be introduced?) 15 could be an issue ... else yes blue sky beyond ... oh and I'd like to see this months volume also > 150,000,000 for that warm and fuzzy feeling ...

 

[Dutchy3]

Sorry bit piss@#@#% at the mo ... forgot the chart

 

[camaybay]

Dutchy,
Thankyou for promting me to see what happened for MRX price to fall in 04. I was looking at your halo at 0.15 and then read that MRX and DYL are jv in Mary K tenements. It's not a halo, but a mushroom cloud you have drawn. Not in the picture in 2004. I am now waiting for the bang!
Rosemount produces fine wines, not cu
_________________________________________________________________
As always, if caught your gov'nt will deny all knowledge. (Cloud seeding Peter?) DYOR

 

[TedE]

Hi all,

For those who haven't seen, MRX have been busy annoucing stuff over the last few days, most recently a share purchase plan. I'm not sure what to think of the SPP, I just want to know what people here think about it.

Thanks,
Ted

 

[surfingman]

With 51% agreement of the JV with Deep Yellow also announced today MRX aquires 21,459,541 DYL shares plus 49% stake in Uranium project, the MRX offering is a bit of a let down to me overall for the day, the funds are needed at the Leichhardt Operation, the price of these shares will determine if i will buy or not the price is 12.5% discount on the weighted average of the five trading days prior to 13 March 2007 maximum of $5k per shareholder.

Look foward to seeing offer price....

 

[mmmmining]

With 51% agreement of the JV with Deep Yellow also announced today MRX aquires 21,459,541 DYL shares plus 49% stake in Uranium project, the MRX offering is a bit of a let down to me overall for the day, the funds are needed at the Leichhardt Operation, the price of these shares will determine if i will buy or not the price is 12.5% discount on the weighted average of the five trading days prior to 13 March 2007 maximum of $5k per shareholder.

Look foward to seeing offer price....

Oops, I am wrong.

 

[TedE]

...the price of these shares will determine if i will buy or not the price is 12.5% discount on the weighted average of the five trading days prior to 13 March 2007 maximum of $5k per shareholder.

Look foward to seeing offer price....

You know the price... it'll be 12.5% below the weighted average... etc

Seriously though, whatever the price, it'll be a parcel of shares for $5,000 which over the week before would've cost you on average $5,700. I don't think much of what the price does will put me off participating.

 

[TedE]

Hehe, I'm just reading that SPP announcmenet and operations update and the following sentence caught my eye:

Acid supply has been confirmed.

Yeah man... acid supply man

 

[Wysiwyg]

Hehe, I'm just reading that SPP announcmenet and operations update and the following sentence caught my eye:


Yeah man... acid supply man

Ted E Bear.....you`re out of your tree.

 

[TedE]

Look foward to seeing offer price....

I was thinking further about what this method of determining the share price will mean. It seems to me you have three competing interests:
1) The company who wants the price as high as possible for that week to minimise the additional no of shares they have to issue (Do you get the feeling we are in for a month, or atleast that last week, of announcements?);
2) Non-participating shareholders and participating shareholders who hold significant quantities of shares who want high price (so as to be less diluted, and also because its fun to have your shares go up ); and
3) Participating shareholders who want it low so they can get more bang for their 5,000 bucks.

TedE

 

[surfingman]

Tede my thoughts exactly:

Quote
1) The company who wants the price as high as possible for that week to minimise the additional no of shares they have to issue (Do you get the feeling we are in for a month, or atleast that last week, of announcements?);

Im thinking of getting some more shares for a sell in the lead up possibly a week or 2 before......

 

[Freeballinginawetsuit]

@ the soccer club my daughter goes to in Melbourne ,there is a dad there that only trades MR.X and DYL and RDR nothing else. Although I don't hold any of these shares ,he thinks MR.X and DYL are "ants~pants"........can I figure it out ,the answer is NO ......but then again I'm not Albanian!

Soccer Dad's on the money,they are the 'ants pants', timing is everything, these shares are money makers at the right time, volume, hype and a herd mentality jumping on late .

 

[TedE]

Its moving today, up over 15% already today.

 

[surfingman]

Over the next 5 trading days what will we expect?

New Director appointed company Richard Procter, Due to HEALTH restraints Andrew Chapman has resigned.

On 28 February 2007 DYL issued 21,459,541 ordinary fully paid shares to MRX for JV.

The share offering ends today, and is based weighted average on the next 5 trading days (starts thursday) - 12.5%.

I am expecting a few positive announcements.

Any other thoughts?

 

[Serpie]

I make the starting day for the SPP yesterday.
5 trading days prior to the 13th is 6,7,8,9 & 12th. Unless they working the weekend? That's dedication!

 

[surfingman]

I make the starting day for the SPP yesterday.
5 trading days prior to the 13th is 6,7,8,9 & 12th. Unless they working the weekend? That's dedication!

Correct, my mistake