MXR 2.17% 4.5¢ maximus resources limited

Ann: $3.2 Million Mill Lease and 50% EGMS Sale Package, page-162

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  1. 10,705 Posts.
    lightbulb Created with Sketch. 2102
    IM almost fully loaded in ASN at the moment and are now looking at other stocks to buy latter in the year.
    Plenty to choose from like MXR that are trading at cash backing or below cash backing once sales have been completed.
    Just over 30 million shares on issue here ,so a interesting shell play to trade on a decent acquisition as there would be little shares available on a good announcement.
    IM only interested in the battery mineral sector like Li Co Mg ,until IM in a strong cash position once the sector recovers.
    With new processes being developed I believe brine deposits around the world will be the next big thing of the future ,so IM eyeing up undervalued shells like MXR as potential brine acquisition plays.
    A decent brine pick up and MXR would 5 bag very quickly in my opinion.
 
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