RE: RE: DisappointingR9
You are quite right-not everybody is going to react immediately to this. I am hopeful that today's announcement got some people to start looking closely at MXI, particularly people whose job it is to find opportunities in the gold sector. The low price might even be good. A few years ago the infamous Calgary brokers were involved with a project called Tiberon. It hovered around $3 forever, despite being an obvoious TO candidate. Then TBR was denied a license in Vietnam and the price fell sharply, shortly thereafter there was an opportunistic buyout at north of $3. Sort of like pricing your house well under fair market in order to start a bidding war that will take it north of fair market. The good news is, as I used to tell clients, at least you can't fall out of a basement window(they seldom took comfort from that sentiment) Joking aside, management needs to be held accountable for this wide discrepancy in value and price.