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by Will Purcell

The critical and specialty minerals stocks box score on Monday was a positive 119-81-110 as the TSX Venture Exchange rose 20 points to 980. Ran Narayanasamy and Eric Sprott's lighter-than-air promotion Max Power Mining Corp. (MAXX) leapt 28 cents to $2.46 on 2.12 million shares Friday. The stock, a mere 30-center a year ago, began a steady ascent in January, reaching $2.83 early this month. It has traded erratically since then, but its long flight upward has just prompted a major shareholder to exercise warrants. (Max Power lost nine cents to $2.37 on 1.11 million shares today.)

Big Energy, an affiliate company of Vietnam-based Bitexco Group, exercised 8.33 million of its 45-cent warrants, getting 8.33 million shares for $3.75-million. It now holds one share shy of 25 million. Mr. Sprott remains Max Power's largest shareholder with nearly 31 million shares, and he could add to that tally as he has 24.6 million unexercised warrants. Mind you, he already has 19.9 per cent of Max Power's stock, a threshold he has promised not to tiptoe across without first obtaining approval from his fellow shareholders. Accordingly, the company is looking to pre-emptively make Mr. Sprott a control person.

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