Gold X Mining Corp. GLDXF

RE: RE: RE: So

[andrewsuds]

I attribute the selloff to an increased number of shares trading and the PEA.
The bought placement shares went public over the last couple months (which day I cant recall) and it looks like many funds decided to book their gains (they bought at 2,60).  This doesn't explain how we got as low as we are, but my thinking it that the lack of volume this stocks seems to see turned what should have been a consolidation period into a full on downtrend after these shares went public. 
The PEA also contributed.  while it was definitely solid, the PEA emphasized what everyone who did their DD already knew-toroparu is a low grade high tonnage deposit that has huge upside if gold stays north of $1000/ounce.  But it also has its risks.  toroparu is  remote-meaning high costs for energy, low grade-meaning that a crash in the price of gold, or even uncertainty, could be a dealbreaker, toroparu is expensive to build (because it is bulk tonnage) and finally, toroparu is not going to be up and running for at least a few years.
I've been buying bits and pieces while it falls.  after speaking with management at a conference last year I decided to make this a longer term investment than I originally planned and I like the wild card possibility of finding a satellite deposit.  with the price this low this mgiht be a good short term investment, but realistically massive bulk tonnage cu/au deposits in the pre-production post-discovery stage are not sexy investments so I wouldn't be on the edge of your seat.