Post by
nopoo on May 14, 2024 1:04pm
re Halt, losses/wins
CIRO thinks a shareholder vote needs to be done because more than 50% of MAX's value might be in CESAR. Max is working with exchange to straighten this out.
I have had losses, but if you did some DD you will see I have also had close to 20 stocks I have invested in return 10 to 28x my money. Each is talked about here on SH, BEFORE they ran, and I also posted when I sold.
A little DD please. No one is 100%.
Rick
Comment by
rdesmarais on May 14, 2024 4:12pm
thank you CIRO this is a good deal for Freeport not so much for current owners...giving away 85% of the future company for the paltry payment to MAX smells.
Comment by
bigcomeback on May 14, 2024 4:29pm
I see it being similar to a tech founder taking on major investors with the view that 20 percent of a huge company (or property in this case) is better than having 100 percent of a small company (or again in this case a mining property).
Comment by
bigcomeback on May 15, 2024 11:17am
It's 80 percent but the point is having a major like Freeport dealing with the government and funding $50 m of drilling to prove out a potentially multibillion dollar property is better than having MAX raise $50 m, diluting existing shareholders dramatically, while trying to navigate the government themselves
Comment by
nopoo on May 15, 2024 11:27am
A knee jerk reaction to doing an earn-in with the worlds biggest copper miner and one of the world's largest mining companies by market cap. https://companiesmarketcap.com/mining/largest-mining-companies-by-market-cap/ Rick