Yes, Flinders hold 7m shares in MXR and are the second largest shareholder,
There aren't many shares on issue in MXR.
The shares are now worth $1.75m @ 25c and should really be in the 40c levels with what they had before today's very, very good announcement.
At 40c, Flinders holding in Maximus is $2,800,000.
They would probably be out of escrow by now so if Kev wants a backstop for the exploration it's available. There are plenty of people to buy them if he decides to sell.
From memory I think FDL has options in Maximus as well.
Maximus is one of my four stocks I have identified with what I consider the al important "if" factor. The others are obviously FDL and MNM and the one that is yet to realise the "if" factor is Gondwana (GDA). It's trading around 2.3c to 2.5c and I think it has plenty of value around 4c to 6c before any of the expected announcements.
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