RE:Debt Repayment - Interesting<I respect how Maxim operates even if it can be a bit frustrating. Their modus operandi is to "Do Something" and then tell you they have done it. Too many people out there that "Say Something" and then don't get it done.> This group is not a promotional get rich and profit off of flapping their lips for personal gain. They are company builders who capitalize off of real assets, build businesses and sell them off at a premium.
Couple things.....
If you look at the insider activity on Sedi you will see options being excercised but not sold and in particular the Change in ownership by the two largest shareholders Chernoff and Wilson, all the while Maxim Power still continues to utilize the NCIB. IMO, It appears the insiders are positioning their personal corporations for either the delayed permit that you eluded to or something else like this latest news.
I stopped posting much on here as there is not many eyeballs following this story and quite frankly, talking to ones self becomes rather boring...lol
As you, I have just been picking away at the stock in the high 3.75's when stock became available.
Many things could happen.
1)Valory is in the process of going public
https://www.afr.com/street-talk/valory-launches-pre-ipo-raise-crocodile-capital-in-20240626-p5jozn#:~:text=Canadian%20coal%20explorer%20Valory%20Resources,a%20float%20late%20this%20year. 2) A liquidity event is going to occur where a company like Capital Power might take out Maxim Power now that all the hard work has been completed and HR Milners' transition has been completed and fully operational.
3) the possibility that a company like Glencore is consolidating the region of British Columbia and Alberta for the Metallurgical coal assets with available infrastructure all in place. Could also be the reason for the delay in Valory listing? (Total speculation on my part)
4) If I am not mistaken, I think Maxim Power still retains the Coal processing facility that sits on the HR Milner site, I thought I read that in one of the documents but I could very well be wrong..
5) the two major shareholders are still intact and being who they are, I think they would welcome a liquidity event sooner rather than later.
6)
https://news.bloomberglaw.com/private-equity/shutt-leaves-fiera-private-debt-valentini-to-run-it-temporarily