GREY:GIXEF - Post by User
Comment by
Earlyone_1on Nov 28, 2012 4:28pm
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Post# 20656909
RE: Geologix Article
RE: Geologix Article Disappointing to say the least....
" In response to the news, Raymond James analyst Gary Baschuk writes in an updated report today, "We are reducing our target on Geologix to $0.40 (from $1.10) and our rating to Market Perform (from Outperform) based on the lack of successful exploration drill results and expected capital increase associated with potential construction of the Tepal gold/copper project. While the company is advancing on the development front with a [PFS] on Tepal, we believe GIX needs to restart the exploration process with a new acquisition."