what was your reason in buying mxr, page-3

love your sense of humor, markco ;)

I originally bought in because of their promising Gold projects ( Bird in Hand, Sellheim) and due to their habit to keep the market informed about things regularly.
(Lots of stocks only release 1 announcement every 2 months and sp is lagging due to that.)

If you take a look at their quantity of announcements in 2007 and Big Kev's regular BRR interviews you'll understand what i mean. Publicity is very important to keep shareholders attracted to a stock.

What i like even more is that they already proved to have very valuable assets such as the Windimurra Uranium resource ( about 500 M$ in-ground value), the Sellheim Project which will generate a steady cashflow over the coming months, several free carried Joint Ventures with ERO, etc.


I've been in MXR for more than 15 months now, i had several chats with their exploration manager, called them every once in a while and I am definitely convinced that they'll go good in due time.

The current price movements are just the beginning and a lot of posters claim to know better than others even tho they dont know **** about MXR. ( e.g. Greedgecko)

In regard to one of his suggestions re raising more Capital :

Why would MXR raise more Capital when the latest quarterly indicated a cash reserve of approx. 8 M$ and the expiry of the June 08 options adding another 6 M$ to the bank account. ( Total of 14M$ + ERO asset Value (8M$) = 22 M$ !! )

Then add the cashflow from the Sellheim project ( approx. 3.5M$ / quarter) and you'll see that there is no need for another Cap raising.

Anyway, just my two cents, have a good week guys.

Cheers

So