You are right, retrac; from the frying pan into the fire! My BTR and DTR have also been struggling.
However, these alternatives, like TYX and its recent copper joint venture with Gina/Hancock, have much more activity going on than MXR and thus they generate more encouragement for shareholders.
For how many years has MXR trumpeted its near term prospects for shallow mining its gold resources? Sad truth is it has insufficient funds to pursue its gold in the way it should be doing, to expedite some long touted gold mining action.
A snail's progress due to lack of funds and now MXR must rely for its survival upon drilling for lithium which it had to farm out for want of cash. Seems a cash raise will be needed before there is time for the share price to favourably respond to any major lithium discovery.
Let's wait and see if MXR's shares do descend to 2 cents.
MXR Price at posting:
4.0¢ Sentiment: None Disclosure: Not Held
