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Gold X Mining Corp. GLDXF

Metals & Mining Industrial Metals & Minerals
Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around Toroparu on its 53,844 hectare (538 km2) 100% owned Upper Puruni Concession.


OTCQX:GLDXF - Post by User

Gold X Mining Corp.
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Comment by orepasson Aug 08, 2015 5:48pm
93 Views
Post# 24000676

RE:RE:RE:RE:RE:RE:Expensive Financing

RE:RE:RE:RE:RE:RE:Expensive FinancingI am not saying your math is wrong... What is wrong is the assumption that the consolidation will have a negative impact... It won't since half this company is going to strong hands at $0.066/share equivalent... When the deal closes the stock will trade well above the financing price of $0.20 (for 3 shares)... I wouldn't be surprised to see it back up to $0.10 (pre-consolidation) shortly because $4.1 million of the $4.5 million financing has already closed so the arbitrage between SSP and PNO must be already over imo... Now you have to buy SSP in the market if you want exposure...

orepass
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities