Bullboard - Stock Discussion Forum Max Resource Corp MXROF

Primary Symbol: V.MAX

Metals & Mining Industrial Metals & Minerals

Max Resource Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties in South America and Canada. The Company is engaged in advancing its CESAR copper-silver project in Colombia and the RT Gold project in Peru. Its CESAR copper-silver project is located in northeastern Colombia and lies along the northern portion of... see more

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Max Resource Corp > 2 weeks of trading suspension

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Post by rdesmarais on May 29, 2024 10:11am

2 weeks of trading suspension

it's been 2 weeks since MAX announced a deal with freeport McMoran. can anybody here explain why the remedy for whatever problem the tsx authorities have identified is taking so long to develop?
a frustrated shareholder....thanks in advance

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Comment by deet on May 31, 2024 9:22am

It's definitely been a longer than expected trading halt. After yesterday's positive news release, the halt should be lifted at any time.

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Comment by GoldenIdle on May 31, 2024 12:18pm

Halted for iron ore property in Brazil ... if you skip to last sentence in following excerpt from recent news release The LOI outlines the terms for an Asset Purchase Agreement ("APA") between Max and Jaguar to purchase Florlia Mineral Right n° 832.022/2018 ("Mineral Right"). Jaguar and Max are arms length parties and as a result of the transaction, no new insiders ...more

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Comment by deet on Jun 01, 2024 6:42am

Trading was halted on the same day as the May 13th press release. The iron ore acquisition (from which you quoted) was announced three days later on May 16th. So, I don't get it. Still no official explanation from the company and timeline when the trading halt will be lifted.

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