MXR
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0.00% 2.9¢ maximus resources limited

19.8% holding of MXR by BCN Beacon Minerals ($100m MC) and their...

  1. nkat2007
    1,269 Posts.
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    01/08/23
    20:29
    Post #: 69106753
    19.8% holding of MXR by BCN Beacon Minerals ($100m MC) and their processing plant 70km's away from Wattle Dam.

    MXR has been painfully slow in getting things moving however this is shaping up like a possible takeover or JV development for the gold assets. Why else would they have made this transaction 6 months ago?

    320,600oz Au in ground value of circa US$627mill is not bad when you consider MXR's EV is $6.4m.

    There's upside here, question is how long it takes to come to fruition.

    https://hotcopper.com.au/data/attachments/5473/5473601-af1cbd7c04b07987c759c28e0b4e2a60.jpg

    MXR Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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Last
2.9¢ 		Change
0.000(0.00%) 		Mkt cap ! $12.41M
Open High Low Value Volume
2.9¢ 2.9¢ 2.9¢ $3.109K 107.2K

Buyers (Bids)

No. Vol. Price($)
3 483283 2.8¢
 

Sellers (Offers)

Price($) Vol. No.
3.1¢ 57000 1
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Last trade - 15.07pm 21/06/2024 (20 minute delay) ?
MXR (ASX) Chart
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