Post by
nopoo on Jun 03, 2024 12:32pm
re Halt
Stock was halted because of acquisition of the Florlia Hematite Iron Ore Property, the LOI was signed on April 12th, the Freeport deal was released on May 13th and approved by the exchange May 29th.
"The transaction (of the Florlia Hematite Iron Ore Property),will be a Fundamental Acquisition as defined by the policies of the TSX Venture Exchange (the “Exchange”) and is subject to approval of the Exchange and Max completing all filing requirements and shareholder approval, if required. Trading will remain halted pending receipt and review of acceptable documentation pursuant to Section 5.6 (d) of TSXV Policy 5.3 regarding a Fundamental Acquisition."
MAX needs to publish a 43-101 on Floralia before trading can restart than require a shareholder vote after the mandatory wait.
Ahead of the Herd
Comment by
rdesmarais on Jun 03, 2024 2:04pm
this sounds like the halt will be in place for some time...weeks ? months? any estimate of the time would possibly be?
Comment by
deet on Jun 04, 2024 12:43pm
Yea...no f*cking kidding. Dead money right now. Not impressed.
Comment by
rdesmarais on Jun 04, 2024 1:21pm
ahead of the heard just released a report on MAX and the freeport deal with a positive outlook. the last part of the report addresses the halt in trading we have seen for the last couple of weeks. AOTH expects trading to resume once MAX produces a 43-101 report on the buy out of the brasil iron ore project. How long it will take to produce? who knows?
Comment by
deet on Jun 07, 2024 12:05pm
Sheesh. Now I wish that trading would have been halted longer. WTF! Down 33% so far on the first day of trade resumption with millions of shares being dumped. Can't figure this stock out. Buyer's remorse today.
Comment by
deet on Jun 07, 2024 3:52pm
Now down almost 40% on the day. That's one hell of a sell-off. A penny away from our annual low. All recent gains wiped out in a single session. Guess someone doesn't like the pending deals recently announced. LOL.
Comment by
rdesmarais on Jun 07, 2024 4:12pm
there seems to be a determined seller (s) today and the previous trading sessions..who it is and why is a mystery. the freeport deal looks to be good for MAX (no further dilution to fund exploration). I anticipate an early announcement of drilling programs. glta
Comment by
bigcomeback on Jun 11, 2024 11:11am
Stock just hit 6.5 cents with lots for sale and little bid. Shocking price action.
Comment by
rdesmarais on Jun 11, 2024 12:28pm
good post nopoo....very strange that current price action is not reflecting that reality...have you any views which might explain this steady selling? thanks
Comment by
nopoo on Jun 11, 2024 6:01pm
Investors believed they would be getting a certain amount of copper exposure. Wrongly imo, they now think they now have 80% less. Rick rdesmarais
Comment by
arrowhawk on Jun 12, 2024 10:11am
Probably the same herd that trampled Hercules.
Comment by
Michaelgooo on Jun 04, 2024 6:48am
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