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Wednesday, November 17, 2010 12:54:07 PM
That is logically a good sign of preparations for big things to come. And given the Williamson mine expansion the companies current finances don't have a lot of bearing,considering the buyout or JV possibilities. Thus,I thought price would appreciate-logically it should but if not promoted as much today (possibly over fear of being connected to fake PR?)thats where the herd goes. Given the possibilities the herd may be sorry.
Why is this dropping when Petra still has an 83 or 84 million line of credit to expand the Williamson mine and another mine.
As people have noted MXGD surrounds Williamson on 3 sides.
I assumed that's what the reincorporation in Wyoming was about and the reason for the new share structure,especially the preferred,which would enable MXGD to raise substantial money as part of a possible JV in expansion of the Williamson mine.
Besides didn't I read in their financials that they intended to use "non-dilutive" debt or private placement financing?
The fact that the lithium company PR was fake is irrelevant to the above situation. The lithium deal didn't make sense anyway and only came up overnight and therefore was not traded on,so that should not be impacting the trading.
otc site confirms ca 400 million float.
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