MXR 0.00% 3.2¢ maximus resources limited

trading halt

  1. 1,545 Posts.
    As has all ready been mentioned, Sellheim strategically may well prove to be the primary source of funds for MXR to progress its many other projects, all which have massive potential. IMO how fast it can advance these projects and how many at projects it can focus on at once ultimately are dependent upon the size of resource and production rate from Sellheim.

    Although Sellheim directly won't make this a ten bagger it can provide the funds for any of the other project to do so. (Particularly since it will reduce the probability of any dilution of shares ownership to zero.)

    So when the Sellheim announcement come out, it not only carries the value of gold and future inflows of cash to the company, but also adds value to the other projects in that they now are more likely to be advanced.

    Considering the strategic importance of Sellhiem would it be appropriate for the company to enter into a trading halt prior to the release of the announcement (due any day now hopefully tomorrow)?
 
watchlist Created with Sketch. Add MXR (ASX) to my watchlist
(20min delay)
Last
3.2¢
Change
0.000(0.00%)
Mkt cap ! $13.69M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 92326 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 108459 1
View Market Depth
Last trade - 16.12pm 05/07/2024 (20 minute delay) ?
MXR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.