MXR - Maximus Resources

[adamim1]

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!!

If that is the case you wouldn't think the shareholders would let it go under .20c. They would be their own demise...? Or am I not understanding this correctly.

Does anyone know the SP potential in the short term or long term if the news is good in June?

 

[d_crome]

If the results are favorable - I suggest you have a look at the current WVL share price, that'll give you an idea of what MXR could be in store for.

 

[adamim1]

"Maximus completed a detailed 500-metre spaced gravity and high-resolution aeromagnetic geophysical survey over the entire Canegrass prospect in February and March this year."

Does anyone know how accurate these surveys are?

 

[d_crome]

Anybody know the exact date the MXRO options expire that the MXR board hold?

Given the drop in SP and the short window we have till June, I'm willing to bet another "favorable" announcement is just around the corner to get that staggering SP across the finish line.

Again - just my 2 cents.

 

[hsv2001]

Hey, I'm pretty sure the option expiry date is 30th June 2008. But why would a drop in share price indicate a positive ann soon to be released based upon the expiry of options? if you don't mind me askin.

Marc

 

[d_crome]

MXR holds about $6 mill worth of MXRO that are exercised at $0.20 - hence it's in their interests to have a higher SP at the point of expiration.

Call it pessimistic but you can't help but think the previous announcement was to get the SP moving again and little else.

 

[adamim1]

Well i hope so. I bought in @ 21c. I'm slightly anxious that it is sitting at 19c. It is the 22nd today so they better bring up some sort of announcement.

 

[d_crome]

What??? No post yet a great announcement??!!

To continue with the drama that is MXR @ Canegrass....

- drilling results Dec 2007 show magnetite concentrates grading up to 59 %

- concentrates also contain vanadium pentoxide grades of up to 1.5 %

These drills were taken FRACTIONALLY OUTSIDE of the MAJOR resource locations indicated by the gravitational survey - basically indicating that if it's THIS good on the FRINGE - how good will it be smack in the middle of it???

SP hasn't really rocketed up like I'd have expected from an announcement like this, but overall it's great to see.

Again - I'm not a finance guru - just a village idiot so please DYOR!

 

[adamim1]

You know what, i bought into this, and sold out and free up some cash to put some into MAK. LOL, put some into MAK and it goes down and this goes up by 12%. What a wonderful world.

I need more patience and confidence.

 

[smallfry]

Trading halt today... some more Canegrass results out tomorrow by the looks.

Are we expecting something big or is it big Kev's sense of the dramatic once again? If the last Canegrass announcement is followed up in similar fashion tomorrow I'd be surpirised if the big lift off everyone's been expecting isn't too far off. Other views?????

 

[d_crome]

I think (well, lets be honest here, I HOPE) that what we'll be seeing shortly is the combining of the 2 previous announcements.

i.e. They have 1.6 to 3 Billion Tonnes of Vanadium rich FE:

AND

They have much HIGHER grades of FE and Vanadium as refered to in their second announcement (the one that generated next to zero interest from the market!).

The hope here is the 1.6 to 3 Billion Tonnes of originally estimated 25-35% could now well reflect a much higher grade (as indicated in the second announcement).

If this is the case - WOW.

If not - it's potentially just Big Kev doing what he does best really....

Again - DYOR as I'm not a financial expert, just a retard with a keyboard

 

[JTLP]

Defining of Resource to commence on the 11th of June.

I may follow my own advice and pick up some MXR...the company wouldn't want to see $7.5 mil (from the expiring oppies) down the tube now would they!

Let's see how things pan out...

 

[YOUNG_TRADER]

Hmmm didn't realise that the 1.7Bt - 3Bt mag target was from Block 1 of 5 potential Blocks,

Thats just nuts! How much mag do these guys think they have in those other blocks?


Surely they can't have 4x-5x their intial 1.7Bt-3Bt target? that would be just ridiculous

May go for a run, lets see what Mr Market thinks

 

[d_crome]

Market thinks this ain't much unfortunately.

Could be a case of the Boy that cried Wolf unfortunately given Big Kev's previous track record....

Who does MXR have to $@# to get a break around here? lol

 

[YOUNG_TRADER]

Big Kev did his job getting this from 13c to well above the 20c options exercise price,

I am sceptical that MXR could have 15Bts of Mag ie if all 5 blocks host the same amount, but then again he never said that,

Either way was a no brainer buy at 13c, at these levels not sure,

Will be interesting to watch the story unfold

 

[shaunm]

YT I am confused by your sentiment on the latest info. It almost sounds like you don't believe (or don't want to believe) that anything more than they have estimated is possible?

Yours and other posters research and feedback helped me get into this baby at 13 cents (thanks again) so I was expecting more of an excited reaction at the potentail.

Could these guys have THE motherload that makes everyone sit up and want a piece of; every day it is sounding more & more promising.

 

[nyo]

Todays BRR interview with Dr Kevin Wills

MXR - First Drillhole At Canegrass Intersects Abundant Magnetite - Dr Kevin Wills, MD

http://www.brr.com.au/

Audio Duration: 03:51

MAXIMUS RESOURCES LIMITED (MXR)

Wednesday, 11 June 2008 11:00am AEST

 

[enigmatic]

Good to see another announcement backing up the possible 1.7billion+ tonnes in this block alone.
A little off topic though. i orginally bought this for the gold play of Sellheim and Bird in hand. I was wondering if anyone knew when Sellheim was expected to start, I was sure it was arround mid year as I'm looking towards Bird in Hand these two will definitely help with defining the ore body at Canegrass.

 

[d_crome]

Only 9 more days and counting till MXRO expires.

After Kev's recent market announcement failures in generating a higher SP MXR management better have the Easter Bunny to pull out of hat else I believe the MXRO will be worthless.

Time will tell I'm sure.

 

[cordelia]

Only 9 more days and counting till MXRO expires.

After Kev's recent market announcement failures in generating a higher SP MXR management better have the Easter Bunny to pull out of hat else I believe the MXRO will be worthless.

Time will tell I'm sure.

I am not really familiar with options but with the options expiring soon what is likely to happen to the share price