Geologix Explorations Inc GIXEF

All true!

[Silverfreaky]

But how long can they survife at this market enviroment? Is it possible that there was no take over because the big Producer think the PM will stay low for another 1 or 2 years?

[edmed]

I think it is quite simple re why there has not been a JV at this time.  What is the rush for any company with money. Unfortunately companies like ours missed the boat. The wolves are waiting for the prey to just die instead of going in for the kill. The sad truth is we are running out of money. Previous posts said that something like spending 26K monthly was a reasonable cash burn. That does

[peterot]

No offense but you are absolutely wrong. All key management invested on a large scale last year at this time. Go compare the burn rate of any company worth anything and you will see that it is in line with GIX. Management hold a lot of shares so if we lose so do they. I am not sure how you think there is a scenario where they benefit and we don't. Things don't work that way. If you bought

[Silverfreaky]

And what is when the Management sells the Company for cheap Money to a big Player and they get therfore a good income? Or is that unrealistic?

[peterot]

unrealistic. That could happen if you have one big player on the Board that will continue to benefit from the merger or acquisition. In this case you have 5 major people invested. Only one of which gets a salary. The other 4 are invested in the company because the payout is the through the share price doing well. There is no chance of them giving the company away.

[Silverfreaky]

Temex Resources was bought by Lakehore Gold. A stock recommanded by Kaiser because of his professional shareholders. It was a good deal for me but not for older shareholder. I remember one of them bought for 400.000 C$.That's a lot of Money.

[peterot]

exactly!

[Silverfreaky]

silver rocket to the moon is filled up!