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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
Comment by desiboy420on Sep 14, 2009 4:20pm
186 Views
Post# 16304577

RE: Update

RE: Update

This is what is can update so far… If anyone out there has heard something different, please let me know.

 

 

43-101 - A complete report will be posted on SEDAR by the end of this week.  It will be interesting to see what the cost to mine this thing is… unless someone knows…

 

The financing:  From what I hear, there is a seller/group out there that wants this financing at a much lower price, thus they are currently preventing this thing from closing…  It is up to the company to decide if they want to wait him out, until he’s done selling and then the price would rise and they will be able to close this thing at the announced price… or redo the financing at a lower price… but I guess at this point there may be some level of ego protection going on amongst the board members (don’t want to give in to this guys)…

 

We have had few heavy days of trading; how many more shares could this guy have…

 

The company is meeting with brokers…

Bullboard Posts