Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Orex Exploration Inc. V.OX

"Orex Exploration Inc is engaged in the exploration of gold mining sites located in Nova Scotia, Canada. The Company owns goldboro project in Guysborough County, Nova Scotia."


TSXV:OX - Post by User

Bullboard Posts
Post by HotSnoton Jul 03, 2009 4:16pm
319 Views
Post# 16116066

Ok...

Ok...Im going to address some of my comments

I was the first guy on this board to mention 5cents.  I mentioned it sarcastically and i said as much.  I don`t think this is going to hit 5 cents anytime within the next 6 months unless something awful happens.  What i did say was that around 5 cents would be my threshold to buy more then i already own.  Im a tiny little shareholder.  I bought 50k shares at .16.  I think the concept of averaging down is moronic unless i had a ton of capital to work with.  I dont.  So if i am going to average down it is going to be at a massive discount to what i already bought at.  That is my plan for ``Buying more``

Im not going to sell now or at any price lower then what i bought at.  The reason for this is because i still believe the story.  I got in looking for a quick flip.  Im sure many many others did aswell.  I planned to hold for a week or two and wait for the news release.  Im only disappointed because all the DD i did on this and the decisions i made at the time i made them were obviously based on information that was factually incorrect in SOME aspects. 

I too am of the opinion that bulk sampling will be the way to go in the future for this property.  I think OX is just throwing good money away on any further drilling.  Its unfortunate that OX seems abit stuck in this regard.  You can`t get financing without a 43-101 to back up what your saying.  Instead of financing OX talks about ``strategic partnerships``.  Is there anyone here that doubts that this means farming out some of the costs of this play.  for a % of the property rights.  I think a very basic broad grid of drilling should be used to just identify gold mineralization and then bulk sample the property in grids.  It seems like the only way to get real answers effectively without anyone ever being able to second guess the results.  Its alot more expensive but do you want to continue to screw around or get results.  If you do something right the first time...

Lastly i read another poster on here commenting on the SH trend of mentioning ``the big boys`` or keep selling and ill keep buying from the ``weak hands``.   I couldnt agree more.  Thats a joke.  Common.  Be reasonable.... there is no white knight coming to buy up all the shares for sale to bring this share price to the moon.  OX is a TSX-v play.  Its safe to say no one with any real money knows this exists.  When OX shores up its resource and actually has an effective plan that they can stick too on the time table they themselves setup...then maybe interest from larger investors will continue.  Untill then...here we sit, we should have a drink. :)

Bullboard Posts