I have been around long enough to know MXR's history.
It certainly isn't the best stock on the market that is for sure!
In all honestly though I have never lost money trading MXR wether it has been a daytrade or a short term trade. If you buy most stocks at the right time and sell at the right time you make money and thats the name of the game when it comes down to it!
This is merely a short term trade for me as I see value in this for a 5m MC and some news on the way. Is it a stock to invest 100k? No but 5 to 10 can make some good money.
I agree John there are better gold plays for sure, SXG for instance and I'm in for a lot more there.
But going on mere figures alone the stock can do ok from this level if management ever get it together.
Not sure what the new MD is like but lets hope we get another 30g/t hit in one of these holes getting analysed atm.
MXR Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
