Base seems to be forming around these levels. What do othere think? on another note: nevcop you're probably right about MXR being undervalued. All these figures are turning my head. It doesn't make sense to say that if M own 30% of a joint venture with E and also 35.4% of E therefore M owns over half of E and therefore its sp should be on a par if not more. That's like saying if company X comes along and goes into a joint venture with BHP with a 30/70 split and also takes a 35.4% stake in BHP that X should be valued on a par with BHP or more on account of the partnership. The figures are ERO shareholders: 64.6% of stock ERO shareholders: 70% of Marree Project. Up from the 64.6/35.4 split. This is a move in favour of ERO. ERO raised $14.76million in cash. MXR shares are in escrow for 2 years. So MXR's stellar rise is riding on the back of ERO's stellar rise. MXR's shares are still hypothetical so to speak and the market is assigning a hypothetical value to them so to speak. Which can be difficult, but at the same time you can't expect them to be valued on a par with ERO shares which are in the here and now. There is no such thing as 'free carried' just like there is no such thing as a free lunch. At the end of the day MXR will have to 'put in' somehow. Go ERO and MXR!!! we're on the same side!!
ERO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
