creating value for shareholders

Just firing off an email to big kev about communicating to the market more clearly in terms of adding shareholder value. I would like MXR to come out with a briefing where it puts time frames on several of its projects - production at sellheim; a windimurra JORC Fe/Va resource and tighter 'time and effort management' of other less developed projects. Coupled with these time frames would be targeted outcomes on a per share basis. By doing this MXR would really be giving a statement of its intent and something by which management could then be lauded or rebuked - an accountability that the market loves and a great way of attracting wider broker research and media interest.

Given MXRs size and inability to rattle any WA govt cages, I also suggested that spin off options for Narndee should be addressed. It is important for kevin to keep front and centre that he has a duty to current shareholders to realise current value and the depressed SP does nothing for anyone, and I suggested that option holders also have a strong interest in fixing this by june. By focusing on driving the SP to a time frame MXR can also start to recreate the momentum it lost during its capital raising.