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Maverix Metals Inc. T.MMX

Maverix Metals Inc is a precious metals royalty and streaming company. It offers a mining-related investment that provides exposure to metal price appreciation, and exploration and expansion potential, but without the risks associated with ongoing capital costs, operating costs, and environmental liabilities. The company holds interests in various properties such as La Colorada, San Jose, Mt. Carlton, Vivien, Beta Hunt, Silvertrip, Florida Canyon, Moose River, Shalipayco, Romero, Omolon, and others. The firm's business presence can be across the region of the Americas and Australia, as well as Mexico and Canada.


TSX:MMX - Post by User

Post by arh0070on Apr 24, 2019 10:14am
134 Views
Post# 29663884

MAVERIX

MAVERIXTotal stupidity by Maverix management announcing a reverse stock split on a day when the POG is under pressure .Reverse stock splits no matter what the management says and hallucinates about is always bad news for the stock price .I immediately sold out my position .Will just watch the share price fall both before and after the reverse split ,the only way to reduce numbers of shares and boost stock price is to make a profit and buy back shares .This is the abitibi model and it has worked well for them .
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