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SLAM DRILLS MORE COPPER MINERALIZATION AT GOODWIN (click to learn more)
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Geologix Explorations Inc GIXEF

Metals & Mining Industrial Metals & Minerals


GREY:GIXEF - Post by User

Geologix Explorations Inc > There goes my investment?
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Comment by stockman6767on Dec 14, 2015 1:29pm
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Post# 24382702

RE:RE:RE:RE:RE:RE:There goes my investment?

RE:RE:RE:RE:RE:RE:There goes my investment?Peterot wrote "2016 will be a year Geologix continues to advance the project. I expect a merger or buyout in the next twelve months."

Sorry to say, that is not going to happen. The old 2013 PEA made things look very good with the 2013 metal prices, but at today's metal prices (any and all of them) the project is a terrible investment - witness the SP price today - and we have yet to see the low for the year (tax loss selling). 

So if you are willing to hold this as dead money for several years until China recovers and commodities rise again, AND GIX manages to survive and avoid chapt 11 until then I imagine this is not the dream investment for now!
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