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Adex Mining Inc V.ADE

Alternate Symbol(s):  ADXDF

Adex Mining Inc. is a Canadian junior mining company. The Company is focused on developing its flagship Mount Pleasant Mine Property, a multi-metal project that is host to promising tungsten-molybdenum and tin-indium-zinc mineralization. The Company holds 100% of the subsurface mineral rights to approximately 1,600 hectares encompassing the Mount Pleasant mine area of New Brunswick, Canada approximately 60 km south of Fredericton approximately 100 km northwest of deep seaport facilities located at Saint John. The Company, through its subsidiary, Adex Minerals Corp., holds claims under Prospecting License 14338. Within the mineral rights area, the Company owns approximately 405 hectares of land. Also, within the mineral rights area there are two distinct poly-metallic mineral deposits, the Fire Tower Zone (FTZ) and the North Zone (NZ). The principal metals include tungsten and molybdenum in the FTZ and tin, indium and zinc in the NZ.


TSXV:ADE - Post by User

Bullboard Posts
Post by 123con May 16, 2012 8:47pm
240 Views
Post# 19918524

Useless Management

Useless Management

Is there anybody out there ?   If we are fed up with management, what are we going to do about it ? There is only one potentially effective director representing minority shareholders ( Betts) .  Burton has been willing to ride this nowhere for almost forever.  The others are all really Great Harvest although Joe Kin Foon Tai technically isn't, he's clearly enmeshed with them.   Having the AGM in Fredericton nicely prevents many shareholders from attending & asking tough questions. (At today's price you'd have to sell 20,000 shares to cover the cost of travel and accommodation from Toronto - What % of minority shareholders live within a day trip of Fredericton vs Toronto ?)    It's time for new directors and new management.  Anybody up for leading the charge ?

With appreciation and respect to those who repeatedly post on the market, value, potential uses etc of the minerals we are sitting on, it all means nothing if we don't have a team that can move them from the ground to the market.   It's one thing to be a long, but I'm not wanting to use the future value of this to buy myself a fancy tombstone.

Bullboard Posts