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Maverix Metals Inc. (MMX.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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5.05-0.13 (-2.51%)
At close: 04:00PM EDT

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  • P
    Paul
    If you are smart, you will listen to this Kitco interview of Peter Schiff, and load gold & silver NOW.... While the bees are in the butter.

    https://www.kitco.com/news/2022-08-11/A-Worse-Financial-Crisis-than-2008-Peter-Schiff-forecasts-sustained-and-higher-inflation-followed-by-an-implosion-of-the-U-S-dollar.html
  • R
    RC
    Regarding Elevation Gold and the Moss Mine that Maverix has a Silver Stream on. Looking at the financial reports, Elevation is getting killed on the Silver Hedge they have in place. If Maverix wants to have a piece going forward, I think they should renegotiate and exchange the Stream for more equity. At least that will give Elevation a fighting chance to survive and then Maverix will make out.
  • P
    Paul
    Something's up... Volume has been elevated and the PPS is launching.
  • R
    RC
    Continued positive drill results from Northern Vertex (NHVCF) Moss Mine released today. Maverix holds a 100% Silver Stream (@ 20% of Spot) and also owns just under 5% of the Common Stock.
  • P
    Paul
    I just keep buying shares...
    The Q-3 ought to be solid, just like 2nd Quarter. I'd like to see the dividend raised to .015 per share (vs the current .0125)
  • R
    RC
    Today a new interview with Mike Allen, CEO of Northern Vertex on Resource Insider YouTube channel. Definitely worth the time to watch.
    Note, not only does Maverix have a 100% Silver Stream on the Moss Mine, but according to NV recent Investor Presentation, they own 4.8% of the company.
  • P
    Paul
    So RC....
    With regard to a 2020 MMX press release:
    $NEM is an insider due to the number of $MMX shares that they own. Perhaps $PAAS now maintains the same status??? The share hold for both companies is relatively close to being the same. In any event, I expect the next MMX Q-report to be quite impressive. We're long over due for a pop, and I mean a decent one too, because the pps has been churning in a repetitive range for a significant amount of time now. I raised my target price today because of this latest deal with Pan American Silver. $SAND & $GROY have both already mountain climbed. We're the last SmallCap gold royalty company sitting on the drag strip.
  • D
    Drew
    Looks like a great company...they invest in gold without the work, have a solid balance sheet with no debt, consistent earnings for multiple quarters, and over 100 different streams. What am I missing?
  • D
    Drew
    Trying to find a good price point to buy in...stock has been moving but hasn’t seemed to be shaken. Looking for mid $5’s.
  • R
    RC
    MMX closing in on All Time High. This is a hidden gem.
  • R
    RC
    New "advanced" stage exploration projects acquired from Pan American Silver for approximately $10 million in stock and cash. Wish they would have at least one near term producer, but these all look years away from generating any revenue.
  • P
    Paul
    RC,
    The Analyst's for $MMX are: National Bank, Scotia Bank, CIBC, BMO Capital, PI Financial, and Ingrid Rico.... The first two give MMX a hold, and the last four have it rated at a buy.
  • G
    Glenn
    Where did this sell off come from ?
  • R
    RC
    Regarding the upcoming 3Q financials. From best I can tell, it looks like the revenues will be similar to Q2 give or take a couple hundred thousand.

    The only properties that I see which should generate significantly more revenues is the Moss Mine in No. Arizona and the La Colorada in Mexico. The Hope Bay property in Canada is still running at 1/2 to 2/3 capacity. The Beta Hunt in Australia will have lower operating numbers due to the lower NSR. There could be some Cap. Gains related to the $20 million received for the renegotiated NSR.

    The other smaller properties are hard to tell, but I don't see anything that jumps out as making a huge difference.
  • P
    Paul
    $29,936.49 worth of insider buying on MMX in the past 2 months.
  • R
    RC
    I know it can be frustrating to watch MMX price action. My suggestion is to have a core holding of shares, and some to trade on the price fluctuations. Use the profits of the trades to add to your core. This is a long term play, unless one of the bigger Royalty/Streamers wants to acquire them. And with NEM, PAAS, and KGC holding over 50% of the stock, they'll have to pay a big premium.
  • R
    RC
    Karora announces record gold production for the 2nd quarter. A 20% increase from Q1. This is a nice cash cow for Maverix and will continue to be going forward.
  • S
    Shayne
    this is a dissapotment. gold goes to 1900. and MMX goes down 5%. what a joke.
  • P
    Paul
    RC,
    I know that you like PM and miner stocks, but think "wood & lumber" before Q's-1, 2, and 3 are released for that industry. The mark-up is now 188% (AND GROWING). Another safe haven refuge train to ride.