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Seems that MRT doesn't like the new management
We don't had this issue as Neil was still in charge
The merger with Carnac would have solved this
A Bradford Cook is able to sort such things out
I guess with the right management this is the most undervalued silver producer.
Hope that MRT pays their bill eventually and management has decreased the admin costs that they can survive for a while
I like their way of communication. Is one indication for a good management. MXOM management was terrible on this part.
I think the main problem with MXOM if the deal doesn't goes through is the management. They are all bankers and have no mining experience. They have taken over the company, because they were unhappy with the previous management.
I thing the asset is perfect. It has a good resource and mining is already in place. The only thing that was missing was a management that knows how to grow the asset.
Canarc seems to fit perfectly.
The only thing that worries me is that Carnac seems to have own problems. What is the status of the delisting review?
This can be probably sorted out with the financing. Why is the $2 Mio financing not closed?
Nice report. Confirms what I have said.
But to double output and generate $20 mio/year they need MRT. How comes MRT in? MRT still owns 20%
Is MRT taking part in the merger?
That's excellent news if the CEO of Endeavour takes MXOM to re-establish his first company.
He knows how to bring undervalued assets into production in Mexico
This solves several problems:
we get a TSX listing
we get a management with mining experience
we get financing because of the person behind this
what if I hold and they sell MXOM for $0,30 in 6 months?
600%
what if they produce 500.000 oz/y, easy $0,50 in 12 months
1000%
next step is to build a mine with 5mio oz/y, easy $5
10000%
it only needs a bit engagement from management
why should I sell at the bottom?
Management only needs to renew the contract or get a buyer.
This could be a 20-bagger and would be still cheap
I don't know any other stock that is so undervalued
Silver moving higher +4.5%
Strong silver should be supportive for MXOM
Management please get together with MRT and renew the contract. MRT is probably also in trouble without a contract.
Option D wouldn't work without Option A. To collect profits they need MRT to operate the mine.
For me it looks like they tried to screw MRT like they did with Neil, but MRT gave a shit and said fuck-off and they play games now (no contract extension, MRT provides no operation info)
Does anybody know how the current relation with MRT is?
Neil had a good relation with MRT. They depend on each other.
If the relation is damaged and this is the problem now, they should step down and get Neil back as CEO. Would be in the best interest of all shareholders, their interest too.
They have 2+ million ounces gold equivalent in the ground
They had a producing mine making profit, even at current price
Everybody should be able to make something from this
Option A: Get the mining contract with MRT extended
Option B: Sell the 80% stake for a fair price, $0,30?
(fair would be $1, but with this mgmt. I would accept 30 cent)
Option C (to devlop the mine on their own) is not an option anymore, as they don't have any mining experience on board
two million easy minable ounces gold equivalent are worth more than a $5 million marketcap
The story is still intact. The current MC is a joke. A producing and profitable silver mine with over 2Mio oz gold equivalent is worth much more.
The critical question is the management, do they get anything done
- they don't get TSX reporting done in time
- they don't get the MRT contract extended
- they don't have any buyer yet?
- did the improved the cost structure or overpay themself?
I still hope that they do a new deal with MRT. Seems that MRT is also not so happy with the new mamagement? I personally thing Neil could have done better then they do at the moment.
Do they have a buyer for the 2 Mio oz Gold equivalent ?
2 Mio oz are worth $100 Mio I think. That would be $1 per share
you seem to have no shares. Otherwise you wouldn't be happy with the share price.
I personally would be more happy with a management that pumps the stock to $3 as with a management that does nothing (they don't provide any infos) and drives the price to zero.
250.000 shares for 2.7 Cent. New all time low. What a great management.
Still no news concerning the MRT contract. Does anybody know what the status is?
They own now 80% and looking for a buyer?
Web Site is offline
No update on the MRT contract
Does anybody know what is going on? Seems that they hide in the dark and let the company go down.
The company still has potential if the management gets things done. At the moment I don't see that the management is doing anything.
Do we have a new contract with MRT?
Our will they need to issue shares to pay their bills?
Agreed. They should strip down costs, generate profits and announce a buy back program. That would help. But what is with the MRT contract? Have they renegotiated the contract for 2014? Again, no info. Are they doing anything?
Is the new board doing anything? Or are they just collecting money for doing nothing? They are five bankers and need to hire a consultant for accounting services. Would be nice to get some info what is going on and what their plan is.
they used new metal prices, $1500 for Gold and $30 for Silver