Max Resource Corp V.MAX

re Halt, losses/wins

[nopoo]

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

[rdesmarais]

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.

[bigcomeback]

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). 

[bigcomeback]

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 

[nopoo]

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