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MXR - Maximus Resources

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tech/a said:
I'm interested to know from those that were lucky enough to hold this stock through friday.

(1) Who sold out on Friday.
(2) Who's selling on Monay.
(3) Who's made 100% and going to hold it.If so when would they sell?
Click to expand...


(1) I sold out friday
(2) N/A
(3) I made ~112% and decided to sell. My theory is that it will cool off come Monday/Tuesday and if i'm still interested will hopefully be able to get in at a lot cheaper price.
 
Y/T.

You must trade with near enough to a million.

1 mill at .14c is $140,000.
You must have at least 8 times that sitting in stock just as this was from your posts on various threads.
But taking some profit on Friday may well prove wise (after an initial burst Monday).
 

The Quarterly i was referring too was 1/02/08 Page 8

35.4% - 37.2% - 37% - 44.2% - 38.3% Table3. Fe Percentages.

Its all there in black and white.

If you are only interested in Fe, i think you are wasting your time with MXR.

Whats more the only comparison that i can see is FDL & MXR have the same CEO. Thats no big deal unless you think K. Wills being a CEO of both companies. Considering MXR was spun out from FDL and Wills was the best man for the job given his knowledge and experience, i don't see a problem at all unless he can't devote equal time.

Considering FDL are aiming for Hematite and MXR are into Magnetite with the V205 being the name of the game, there is no similarity whatsoever.
One hasn't drilled any holes whilst the other has drilled a few holes.

Do yourself a favour and stick with your ARH & BMY.

Me, i will stick with MXR for the V205 as i have done so for well over a year already.

I wouldn't touch a Magnetite company in a fit unless it had something special to go with it. V205 is the only reason in what makes MXR's Magnetite special along with the fact that its sitting within a stones throw of WVL which will be one of the largest low cost producers of V205 in the World according to their annual report. Thats worth the risk IMO.

For I/O i like to go for top shelf.

Thats why i have UMC and BCI as my Fe specials.
UMC is the standout.

Cheers markcoionoz
 
tech/a said:
I'm interested to know from those that were lucky enough to hold this stock through friday.

(1) Who sold out on Friday.
(2) Who's selling on Monay.
(3) Who's made 100% and going to hold it.If so when would they sell?
Click to expand...

1 - Bought in early Friday, still holding
2 - Expecting the stock to at least run in the morning, still got huge upside I think but hoping that Friday's losses on the DOW don't hold back this stock come Monday, if it does it'll only be very short term. Definite hold on this stock, wanna buy lots more actually. Monday will be a 100++ pt loss on the All Ord's, hope it doesnt scare off MXR holders, leading to panic selling. That would be unwise.
3 - not quite 100%.........yet.

 
tech/a said:
I'm interested to know from those that were lucky enough to hold this stock through friday.

(1) Who sold out on Friday.
(2) Who's selling on Monay.
(3) Who's made 100% and going to hold it.If so when would they sell?
Click to expand...

(1) I sold out everything including my MXRO
(2) n/a
(3) n/a

Just to elaborate. I have followed MXR for a while and bought in at 35c, 30c and took up the capital raising at 20c...

I had lost my faith in MXR and was sitting on a bad loss (down more than 50%) up until friday, so when I saw the opprtunity to get out even I took it gleefully...

Good luck to you all, i might buy in again but think that friday was MXR's day in the sun for a while.

time will tell.


benwex
 

yep i am aware of UMC as a good io play but as with others that far into the pilbara...transport is the biggest problem,yes their md is ex bhp but it dont mean they will just hand over their railway line,as i pointed out with AGO they gotta run quads 100k for their 14mt(their cash cow) out of pardoo & they will be fighting for line access for abydos&turner river...

who will end up the 4th force?,but you look at ARH(yep its mag but its all done,finance,chinese steel mill,etc...) & my spec BMY(giant strike at pardoo/telyagel for io,going by conveyor.priceless advantage) both that close to the coast you can pick up a rock of hema/mag & throw it on a boat...

Transport of the io is gonna get competitive,forget FMG they are sweet,now draw a circle around all the io hopefuls in that area such as AGO,UMC,FDL,BCI,BRM...plus others not on the top of my head...

Theres your problem...capacity,what gives when FMG goes to 55mt when they upgrade themselves then onto 100mt in a few years around the same time some of these hopefuls are looking to get their io to port?

Why do you think fmg took bhp to court for access?they will need both lines to go 100mt... & beyond..

The other smaller io miners must get together to form a 4th force behind rio/bhp/fmg,otherwise they will be all standing around at the bottleneck saying yep its out of the ground but cant get it on a train,besides like any business why would you do your competition any favours.

If some of those 4th force hopefuls put together say a super merger of the top 4-6 in the area then they with their combined resources would have themselves real power,but if they sit back in their own world & not looking to the looming bottleneck threat,then they will get picked off by the top 3...no risk about that.

Who are the top five in the pilbara area outside the top 3 of rio,bhp,fmg..by MC & (target) resources??...tb
 

Tech I don't trade really,

I buy undervalued stocks that to me are fundamentally undervalued and then I wait for a re-rating such as MXR experienced on Friday from 13c-15c to 16c-30c+


I was saying all along at 13c-14c MXR was a low risk play because of its NTA beign 13c and so was happy to hold alot of shares as to me they were low risk

At current levels though MXR has been re-rated, so how much upside or what it will do next is anyone's guess

p.s. had around that amount Tech
 
Im literally thinking about entering the market again for MXR, I sold abt 1 month ago, I couldn't stand it and didnt have teh patience and look at it now
Oh well some you win some you lose and some you just miss out.

But anyways whats the predicted outlook on this for the short term? Anyone know?

Thanks, great thread guys.
 
Tech/A - mate, care to tell us your thoughts of todays trading?

I notice the SP is only 5 cents down, thus within the 25%-50% expected retrace after a day like Friday...what do you make of all this?
 
I sold out at .26, I didn't see a lot of use of riding it up and not take profits, then watch the silly thing fall flat again.

Personally I think MXR was driven harder through forum hype, justified or not, I am happy to take profits and run away ... I can always come back to play another day
 
Cheers Roland - I'm glad you could know where to call it a day - I wish I could!!

I've been a holder prior to the Seliheim announcement and yeah - if you read my posts back then in regards to MXR you'd certainly understand my predicament.

I really disliked the management style of MXR - however we now have a potentially huge find, so huge infact that you could have Alan Bond and Christopher Skase at the helm of MXR and I'd still be holding.

So on one hand I see huge upside - on the other, doubt that this was a managerial pump to get their options across the line.

Decisions, decisions....
 
hi all,
kind of new to all of this, watched this stock over the last few weeks congratulations to all of those who held.
Just out of interest, this may sound stupid, but im new to options. But in this case how are the options price relivant to the actual share price. Obviously they expire in june with the price at .20c, so if the share price hovers around 23-30 cents and the options expire, what will that mean for the options price?
Sorry if im not making sense, but im kind of confused as to why the options have dropped so low when the share price is maintaining above 20Cents? or maybe i dont understand options properly?

But yeah, in conclusion, could someone please clarify to me how the options operate in this situation? and what the ideal outcome would be for those who held?

thanks.
 
I noticed WVL jumped 30c in the last 2 trading days on no news.

WVL will be operating on 0.46% V205, The one hole I've seen of MXR's has 1.2% V205.

Will be very intering if MXR can prove up a higher quality resource than it's neighbour.

P.S - Thanks for the heads up on this one YT, I'm holding nearly free carried now
 
momentum seems to have re-emerged,

is it true also the chairman of FDL is on the board of MXR?

iron ore...
 
These worth buying at the moment? Or better to wait and see where its heading.....?

Got no idea where this is heading - anyone got any news?
 
adamim1 said:
These worth buying at the moment? Or better to wait and see where its heading.....?

Got no idea where this is heading - anyone got any news?
Click to expand...

You missed the boat mate as you needed to get in around 13-15c as per YT reccos..if it was me id stick it in around 19c see what happens...tb
 
I would say you dont have to many more months left before it wont hit 15c again. so adamim1 i would say you have missed the boat but there are sometime more then 1 boat so watch and get on board once you done enough research to validate getting in. with 1.7billion-3billion possible tons we all could be saying that getting in at 25c will be cheap.

always better to sit back and DYOR and miss out then to jump in and lose out
 
The key issue you have to understand here is the June 08 options the MXR board hold - if the SP ISN'T above 0.20 during the time of exercise, the MXR board will stand to lose approximately 6 million and change.

So how does this affect if you should buy in or not?

Well - I believe friday's announcement surely gives you some idea as to how the wheels that run MXR actually work. They're VERY good at generating interest, the same chap runs FDL so he's a sharp opperator. If you'll note that with the 1.3-3 bil announcement they stated the drilling campaign will also start in May - so they're drilling right now. This is where MXR will be made or broken, poor results and MXR is back to being a small time gold prospecter and you'll see the SP tank back down to the low teens again (13 cents is NTA on this one - so if you got in (like most here did) at 13-15 cents, you really have zero downside at these levels - again, thanks YT for nailing this one!).

HOWEVER - if I were MXR and I had options expiring shortly AND I had a market already highly interested (i.e. a 110% SP increase in a DAY) I'd be releasing "updates" to the drilling campaign to maintain or slightly elevate the SP prior to the options expiration. If they get some solid hits, this thing will serious rocket.

The risk at entry at these levels (mid 20's) is certainly there IF poor results are concluded. A low 20's entry is probably the best you'll see till June - then the horse will either bolt or they'll take it out back and put it out of it's misery - either way you're going to see movement.

Heads or Tails bet at this point.

Again - I know I'm discounting the OTHER projects MXR has, but in all honesty the current FE play is all the market has shown any remote interest in.

Again - just my brief opinion - I'm not a financial advisor so do your own research and if you lose your shirt it's your own fault!

GOOD LUCK TO ALL HOLDERS!!
 
hey guys,

just wondering what you people think the potential of the share price will be if they reach their target of 1.7 - 3b? I'm thinking of going into this for mid term ie. after the initial drilling results and getting in now around 23c. I just believe that given how sensitive and reactive the market was to last weeks ann, i just believe there is more to this company and wanted to know what you people who have been following it all this time (Young Trader?) think the share price potential is?


Thanks for any input
Marc
 
HSV - the trick to MXR ISN'T the Iron Ore - It's the VANADIUM content within the ore that makes MXR such a promising site.

MXR's project encompasses WVL's VANADIUM project - just to give you a point of reference here, similar amount of shares on offer, MXR is at 0.23, WVL is at +$2.50.

Basically if MXR can produce results, the Canegrass finding will prove to be huge financially.

Also - MXR DO have other interests, namely gold - many who hold MXR were in it for that very reason, the Vanadium/Iron Ore find was a cherry on top.

If you get in and this goes north - maybe you can upgrade that HSV to an AMG?

Again - DYOR before you make any investments as I'm not a financial adviser.
 
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