Ann: Placement of $10m Closed Significantly Oversubscribed, page-49

Well hello @Ocram69

Since you asked so nicely, I'll clarify my post/s for you.

My opinions/estimations
◊ MXC sp will drop back to 6.5c give or take a couple of %.
◊ Some shareholders/investors may question the merit of paying 7, 8, 9 or 10c after it is now known that 150mil shares got sold for 6.5c.
◊ The sp is being propped. Who's doing it? I cannot definitively say, but I can think of a few investors/traders/holders and even HC posters who have stated or would like to get out and would no doubt prefer to do it in the 8's or 7's rather than the 5's or 6's. I mean that's a reasonable assumption.
◊ MXC's sp will lead all the MM stocks down today and in the next week. MXC -25%, the rest 10-20%.

Fact/s
◊ The Directors just sold 153,846,154 ordinary MXC shares at $0.065 each to sophisticated and professional investors.

Hope that clarifies for you what is opinion and what is fact. Have a great day.
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