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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 moneyhungry87on Apr 24, 2016 7:34pm
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Post# 24804552

RE:RE:RE:RE:RE:RE:cutting to the chase

RE:RE:RE:RE:RE:RE:cutting to the chasewell look, im sure ssp could have gone to the market to get the capex now as the project is shovel ready, which they have not done. look at LYD, and midas gold, both companies diluted shareholders to raise the capex right at the bottom of the market.

My guess is management did not want to take the risk of potentially lower prices in the near term, and decided to take advatage of the pop. gold could have gone back and tested the lows taking the gold stocks with them. the PP was arranged a few weeks ago and many bulls are still very weary of the market right now after 5 years of bearishness the worst bear market ever basically

so I think management just said to hell with it and raised the money. that being said the feasability is due by december 2016 as per the agreement with SLW.

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Dealroom for high-potential pre-IPO opportunities