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Bullboard - Stock Discussion Forum QMX Gold Corporation V.QMX

Metals & Mining Industrial Metals & Minerals
QMX Gold Corp is a junior exploration company. It is engaged in mineral exploration and evaluation properties in the province of Quebec. The Company is focusing on the exploration and evaluation of its gold and base metal projects within this region. It is also focused on the Val d'Or mining camp in the Abitibi District of Quebec. It holds the Aurbel property and holds a 100% interest in the... see more

TSXV:QMX - Post Discussion

QMX Gold Corporation > stupid question
View:
Post by law1287 on Jan 21, 2021 1:19pm

stupid question

This may be a stupid question, but can someone explain to me what 0.015 cents per el dorado shares means?
Comment by LosingHope on Jan 21, 2021 1:49pm
Hey 'law1287', I hope this isn't a stupid answer, but this is how I interpret the news release today: Payout 7.5 cents for each QMX share you own in cash, plus 0.01523 portion of a ELD share. Equivalent to 30 cents a share.   I.E. if you have 10,000 shares = $750 cash and 1,523 ELD shares.  Not a good deal IMO and my average is 7.4 cents, so I will do ...more  
Comment by Paray99 on Jan 21, 2021 5:28pm
May be 153 ELD share Lol.
Comment by Singoa58 on Jan 21, 2021 6:35pm
 I got in at 4 cents but waited 2 years but 700% profit   
Comment by LosingHope on Jan 21, 2021 6:51pm
Paray99 is correct 152.3 shares.  I forgot to carry the decimal. Sorry, I didn't mean to make it sound better then it acturally will be :-)
QMX Gold Corporation
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