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Slam Exploration Ltd V.SXL

Alternate Symbol(s):  SLMXF

SLAM Exploration Ltd. is a Canadian junior resource company holding a portfolio of gold and base metal projects. The Company is engaged in the acquisition, exploration and development of exploration and evaluation properties in New Brunswick, Nova Scotia, and Ontario, Canada. The Company's projects include Mine Road Project, Menneval Gold Project, Ear Falls Lithium Project, Jake Lee Gold Project, Highway Gold Project, Keezhik Gold, Dam Lake Project, and others. The Mine Road Project is a significant addition to its portfolio of wholly owned BMC projects that include Goodwin, O'Hearn-Strachens, California Lake, Lower 44, LBM, North Rim, Portage, Satellite, Nine Mile, and Red Pine. The Highway project has demonstrated polymetallic potential with 10 known mineral occurrences that include zinc, silver, copper, cobalt, molybdenum and tin as well as gold. The Company holds NSR royalties on the Wedge copper zinc project, Ramsay, Reserve Creek, and Opikeigen gold projects.


TSXV:SXL - Post by User

Bullboard Posts
Post by cartach13on Jan 13, 2010 1:12am
459 Views
Post# 16671973

Target,Takeover,Whatever.

Target,Takeover,Whatever.Now that Mineralfields is a major shareholder of SXL they will have a big say in how SXL responds to any type of takeover or buyout offer. From the little I know of Mineralfields' operation they provide units to their clients at a certain price, of shares that they have acquired of a few selected companies that they think are going to do well. The units are similar to mutual fund units and are also flow-through, providing a tax advantage That being said Minefields are not interested in a quick flip at a low share price but want their client's units to appreciate over time showing a good return. That's the end goal of the product they they have for sale. Therefore I can't see getting too concerned at this point about any attempted takeover at a low share price. Mineralfields, SXL Management and the BD are all interested in the company growing towards it's full potential and the share price increasing accordingly to reflect that, and it will be quite a way down the road before any takeover offer would be looked at favorably. As mentioned my knowledge of  Mineralfields is limited and I would appreciate any first hand information on how it operates and what it's track record is.
Bullboard Posts