Post by
Shylock on Apr 13, 2019 1:44am
Maverix Is Within Nine Cents of Its Yearly High -
Maverix is performing exceedingly well. It is within 9 cents of its yearly high at $2.86.
Comparing it to the much-hyped MTA, it is beating the stuffing out of it as the share price differential widens in MMX's favor.
As gold and silver continue to strengthen Maverix's growing number of royalty streams are only going to increase in value with risk spread over a sufficient number of companies so that the business model and shareholders' value is insulated against any significant possible shock in one or more of MMX's royalty streamers.
Yes, since the days of MacMillan Minerals this company has come a long way with no end or even plateau in its progress in sight although it will have its expected and normal periods of consolidation. However, it is clearly marking its territory strongly, so to speak, and will remain a cash cow which will continue to put on weight.
I rate this company a STRONG BUY and will continue to acquire shares on weakness.
As for MTA, the "celebrity investor" effect has about worn off and the miniscule dividend it pays is IMO simply weakening MTA's ability to acquire additional lucrative royalty streams. Hence, we see it attempting to fatten its bottom line by suing a junior gold explorer with a known promising gold deposit such as Alexandria Minerals in an attempt to acquire revenue by means other than streaming. Although the merit or lack thereof of this litigation is yet to be decided between the parties, it seems to this observer that there is somewhat of an odor of desperation surrounding such an action by MTA.
Or is Alexandria's ore body thought to be so rich that it merits a toss of the legal dice by Metalla?
Comment by
RogerPenske on May 02, 2019 12:59pm
This is spot on. If they start any kind of marketing, NYSE listing or do another deal MMX could go way up.