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Bullboard - Stock Discussion Forum Geologix Explorations Inc GIXEF

GREY:GIXEF - Post Discussion

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Post by Newguy23 on May 14, 2012 4:00pm

Management

Has anyone spoken to IR or management about what they intend to do about financing in this market?  The one thing that will move this stock is no longer the pre-feasibility, but whether or not they have access to adequate financing.  From what I understand, management is no spring chicken when it comes to the mining industry and I think that this may be priority one at this point (or perhaps getting some drill results from the new zones to expand the resource further).
Comment by joe on May 15, 2012 3:49am
Personally I think within the next month or so we'll hear that they are either gonna J/V Tepal to help with costs or they put everything on hold until market sentiment changes.  These guys learned the hard way back in 2008-09 what not being able to finance a project can cost you, as they completly lost the San Agustin project. So I think with that being so fresh in their minds that ...more  
Comment by Earlyone_1 on May 15, 2012 11:13pm
Could GIX be cursed a 2nd time ??? Nothing would surprise me in these markets.
Comment by eljoro on May 17, 2012 6:56pm
I've been trying to get some answers to some questions for a few weeks now. Haven't had my e-mails answered  lately, whereas a month ago I got responses fairly quickly and regularly. Possibly management is in Mexico again and therefore mostly out of e-mail range for small shareholders like myself, but Dunham has been strangely unresponsive to my latest questions. A little ...more  
Comment by Newguy23 on May 17, 2012 11:07pm
Appreciate the responses.  I would hope he is not replying because he can't divulge information regarding fundraising options, but who knows.  The plan seemed simple - promote the stock, positive news releases re: pre feasibility, resource estimate, stock price rises and then raise some funds.  In this market, I hope they can find someone to partner with, or perhaps, as much as& ...more  
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