oversold bounce back later today, page-5

Re:following ERO.

ERO up 45% yesterday.
MXR up 22%

ERO down 8.5% today
MXR down 10%

Therefore MXR is even better value entry into ERO now than it was on Friday.

Rose less, fell more.
If it was truly trackng ERO we should have been up 45% yesterday to 40c and down 8.5% to 37c...not 31c.
ie....Market still not valuing MXR properly compared to ERO.....and this is only for MXR's shares in ERO more or less.
As has been pointed out on this forum, if we assign a valuation to the JV and other properties then 75c is an absolute minimum.