MX Gold Corp V.MXL.H

RE:RE:RE:Looks like Jason was asleep @ the wheel today....

[driftwood57]

Well Timeforawinner2,,,, We have to keep in mind that this is a penny stock on the TSV.

14 cents today can easily become 5 cents tomorrow.
I like the story here because as long as they keep it simple by focussing on the WILLMAX project only the story seems doable.
The problem is that it only takes one hiccup to cause a delay and the spiral of burnrate, financing, shorting could easily kick into gear.
If and when that kicks in ,,,, you know how that goes.

We don't know the status on all of the permits, the status on Aboriginal talks, and whether some of the locals might take it upon themselves to throw a wrench into plans.

Any single one of these items will knock this stock off its, 14 cent perch in a hurry and then a financing will probably be needed to bridge the delay.

I look at it this way,,, are all of these issues going to fall into place without causing a single delay?
I don't know but it is worth thinking about because  there is a lot of red tape here prior to approvals for not only one site but both of them.

The company has a great plan in place but there is always somebody with a roll of red tape wanting to excersize their clout.

Any delay will change the financial picture really fast.
I am going to wait a bit and watch to see how things progress towards full permitting.
If things go well then maybe it will maintain the 14 cents.
They usually don't though.