Comment by tinkvidon Feb 23, 2025 12:49pm
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Post# 36464934
RE:Pullback
RE:PullbackI think the news release on Feb 11 created a little uncertainty.
<Following receipt of the notice, Maxim and Valory have until Feb. 18, 2025, to enter into a purchase and sale agreement (the PSA).>
Maybe the market was expecting confirmation on the 18th or 19th in a formal news release but the company did in fact state
<Following signing, a copy of the PSA will be available under the corporation's SEDAR+ profile.> which they did and it was posted to Sedar late Friday Afternoon
With "The Apprentice 3.0"Market sentiment in the last couple weeks has been rather choppy to say the least, I am surprised MXG share price is not down more, relative to the market but anything can happen! Low Volume too, so I am not worried.
When the share price moved up the way it has since Nov 24' shorts have been more active. Shorts are a BIG part of the game.
The Chairman of MXG is also preoccupied with 2 companies that he (and is close circle) is involved with both accepted buyouts from larger firms, coincidentally both in Dec 24', now it makes sense to me the reason for the conversion and termination of convertible loan facility.(Do the 2 largest shareholders in MXG must see more lucrative opportunity in converting all the the debt to equity for a greater payday?)
Once those dealings are squared of and finalized the focus with primarily be on Maxim Power Corp....IMO
Vitesse Energy Inc. acquiring Lucero Energy Corp(Chairman)
and
Vermilion to acquire Westbrick Energy(Director)
Energy demand is only growing(Population, Data Center, AI, Food production....etc) I will continue buying little bits and pieces and what I can tell, they know where my bids are.