MRR 0.00% 0.8¢ minrex resources limited

Ann: Exploration Update Tambourah & Talga Lithium Projects, page-85

  1. 64 Posts.
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    George specifically stated in multiple interviews that assays can be expected in January OR February. Just because we don’t receive our assays in January 1st means the company is dead……… IMI (Infinity Mining) and RGL (Riversgold) have both submitted their results prior to MRR.

    I personally believe IMI will come back with some outstanding results closely followed by RGL. This will provide MRR with a nice support level to grow from.
    RGL have also made some recent land acquisitions nearby our tenements which is positive aswell, it is also important to note the didn’t acquire their new tenements cheaply either which provides a high level of confidence and conviction especially considering they have no real idea about what they are doing (as they are gold explorers turned lithium explorers to fit in with the rest of the market).

    It is also comical to think that RGL is trading at the same price level as MRR, considering the amount of tenements we currently hold. RGL and IMI as well as TRK do hold some very prospective ground, but nothing that compares to what MRR has up their sleeve.

    The overall fundamentals of MRR are flawless compared to our neighbours who are just banking on the fact that they can cash in on a hot market, but as we have seen the market doesn’t care about MOUs or rock chip samples when they are unwarranted. This is a rookie management error by many other junior explorers as they promise the world to investors and then are unable to deliver which means the SP get belted and rightfully so.

    I do agree as a large holder of MRR that it is slow going but it is very important management doesn’t overpromise to the market, especially in this current market environment. Changes in market sentiment should not change an investors conviction about their decision to buy a stock they previously have purchased. All holders selling before assays are truly doing themselves an injustice as they are not sticking around for what they intended to see come to fruition.

    Don’t be surprised is we see some updates on other MRR projects in the lead up to assay results. Remember George and the team are not idiots, they know what they are looking for as well as the knowledge they possess in terms of building shareholder value, I can nearly guarantee you will not see assay results drop at random. That is the beauty at being involved with such a knowledgeable and experienced team.

    Good luck to anyone holding!!! Please as always DYOR
 
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