Metalex Ventures Ltd V.MTX

Alternate Symbol(s): MXTLF

Metals & Mining Industrial Metals & Minerals

Metalex Ventures Ltd. is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. The Company’s principal projects are located in Quebec and northern Ontario (U2), Canada. Its overseas projects are located in South Africa, Morocco and Mali. Its projects include Wemindji James Bay Property, Kyle Lake Property, Viljoenshof Diamond Project and James Bay Lowlands Property. It has a 100% earned interest in mineral claims located in the Kyle Lake area of Ontario, located approximately 200 kilometers (km) west of James Bay in Northern Ontario and about 80 km west of De Beers’ Victor Mine. It also has an interest in various mineral claims located in the Wemindji James Bay region of Quebec, Canada. It has an interest in certain claims located in the James Bay lowlands area of Northeastern Ontario, which covers approximately 36 square kilometers (8,944 acres) of ground. It has a 70 % interest in the Viljoenshof Diamond Project in South Africa.

TSXV:MTX - Post by User

Metalex Ventures Ltd > Rollback, Reverse Split or Consolidation

<< Previous

Bullboard Posts

Next >>

Comment by Zaphodon Apr 26, 2022 9:29pm

93 Views

Post# 34634358

RE:Rollback, Reverse Split or Consolidation

But I'm guessing that those stocks actually had a penny of revenue in the last 25 years ....

Oregonduck wrote: CD had a 1-for-10 rollback at 1.5 cents in 2019 and saw that stock went to $7.0 post-split. It worked only with Cudney buying millions of shares at the Open Market,

Another e.g. was the Tanganyika Oil (Lundin owned) at $0.05 cents pre 1-for-15 splits that saw the stock going to $27 on takeover by Sinopec.

Also, Tenke Mining - renamed Lundin Mining - did a rollback at 1-for-5 @ $0.50 that went to a high of $28.

I did well on the Lundin stocks. Maybe, Chuck could do a number on MTX with concerted pumping and buying. The stock won't go up on its own.