Hi markco2, thanks all of the information about MXR which are...

Hi markco2, thanks all of the information about MXR which are very helpful and agree MXR seems diversified too much and out of its control.

However FDL is the mother company who spun the MXR when the resource is hot with the allotted shares from the spinning. The spinning was a part of the strategy that FDL wanted to get its diamond ambitions.

However since FDL saw FMG shot up with the IO in one of its tenements, FDL board was shocked and a painful transition happened. FMS seems have made its mind about its IO and MXR IO. $200,000 + 1.1millions shares for a 1.7-30 billionT IO with 30% fe to FMS is extremely cheap and could serve FMS IO strategy in long term.

MXR has the resource assets and it has not the capability to raise the money in the market now.
1. It is quite possible the economy would be in the bottom for 6 - 18 months.
2. So if MXR could use these $1.3million more or less to let it pass through the crisis would be questioned by everyone.
3. I believe MXR has to divest more asset at the price on fire to save itself.
4. FMS board would have some headache since it should like to see MXR to sell on the fire but it has to leave enough money for its IO ambition and get balanced between IO and another two fields which could change its future froever, diamond and phosphate.
5. The chance for anyone to take over MXR as a whole, if not possible, would be difficult since MXR is still under the control of FMS.
6. However if MXR price is too low and FMS could balance its balance sheet, MXR could be a taking over target for FMS.
7. I just wonder if FMS could get some liquidation experts and buy MXR when all of the people want to flee away from MXR and divest the assets from MXR for profit.

The crisis to somebody could means the chances and opportunities. Of course FMS has to put its core business at first but if buying and selling could get profit enough, why not?