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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 VMS properties.


TSXV:QMX - Post by User

QMX Gold Corporation
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Comment by Pateron Sep 06, 2012 12:31pm
188 Views
Post# 20325532

RE: RE: What am I missing?

RE: RE: What am I missing?

Ya, the loan being BS is my biggest concern, taking way longer than it should.

I did also notice a number of ridiculous terms and compensation to the ex-chairman while going through the MD&A. At least he is gone now and hopefully doesn't have any pull.

If they do complete equity financing I believe it will cause the shareprice to rise though. Obviously in the long run EPS/shareprice will be lower compared to if they were able to receive the loan without dilution.

I was scanning through the press releases and one in 2010 says engagement letter of $60M for the snow lake mine. Any info on this? what happened here? Was it BS or they never went through at the time due to the price of gold or something?

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