GREY:MGXMF - Post by User
Post by
Wangotango67on Aug 03, 2023 1:36pm
101 Views
Post# 35571637
THOUGHTS
THOUGHTS
Zimtu - 2022 MDA says, silica claims ( golden ) were let lapse.
Let lapse in 2021.
What ? Let lapse during the height of a silica crunch ?
Near same time frame as, Moberly + Northern Silica ?
Why....zimtu played with silica for years, lol
suddenly let lapse during a perfect silica metals cycle ?
MGX 2022 same year, announced Dong Bang news.
End of Oct 2022.
Less than 3 months later, press release stated mgx had to sell
the claims as of, March 2023 for 500k ?
Did mgx have to sell in, March 2023 due to,
another may have had the ownership of mgx claims back in 2021
Same claims Zimtu - let lapse - another may have bought the claims ?
MGX didn't know of ?
Keep in mind, if jointly dev properties - sometimes a partner
may not know what the other partner is doing ?
Mgx had the consolodated silica claims.
Zimtu also had silica claims - same area.
It's the ability to distinguish between the two holdings.
After all they're Joint developers.
Simple fix -
track down zimtu claims
track down mgx silica claims
= who now owns them
= any ties to Northern Silica even by way of, 3rd party
= another capital company ( holding the claims - parked )
End of day....
Silica claims surrounding a newly purchased silica plant
would be highly valued to the new owner - ensure multiple
years of silica supply.