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Goldex Resources Corp V.GDX

Alternate Symbol(s):  GDXRF

Goldex Resources Corporation is a Canada-based junior resource company exploring and developing gold properties. The Company is engaged in the acquisition and exploration of gold exploration and evaluation assets. It owns 100% of the mineral title and rights to explore and extract minerals from a mineral property known as the El Pato Property in Guatemala. The El Pato Project is located in south-eastern Guatemala, five kilometers (kms) west of the town of Chiquimula and approximately 110 km east of Guatemala City. The Project consists of two mineral exploration licenses which cover an area of approximately 126 square kilometers. The Cerro Las Minas Property is located contiguous to the El Pato property in the eastern Department of Chiquimula, within the southeastern part of the Republic of Guatemala, Central America. Its wholly owned subsidiaries include Compania Minera El Condor S.A (Minera), Union de Oriente, Sociedad Anonima and El Pato Gt, S.A, (El Pato Gt).


TSXV:GDX - Post by User

Bullboard Posts
Comment by ss1867on Sep 19, 2012 9:10pm
141 Views
Post# 20388617

RE: RE: RE: SS Post

RE: RE: RE: SS Post

370,000 shares were traded today @ 3 cents, a mere $11,000 worth of a 3.6 million dollar market cap and they were all sold at a loss is my bet. I did notice that THO had a NR earlier today about civil unrest concerning the Escobal project, approx. 300 protesters and things got violent. The release goes on to say the protesters were shipped in from elsewhere, so obviously there are misaligned interests that are determined to not see this project come to fruition and hence....generate government revenues that may be used to strengthen reform and fight the drug lords. Perhaps this threw a little scare into some GDX holders and they hit the sell button. Anyone and Everyone who invests in GDX is aware of the consequences....this is called Risk vs. Reward. I for one will not be happy to see a roll back, but look at our directors other company TearLach Resources....TEA.V....It was said that there would never be a rollback there, and sure enough out of the blue there it was. The SP went on to get decimated which is typical of the rollback. Company directors are more than aware of this and what it will likely do for GDX...once bitten twice shy. My guess is that Mr. Ross does not want to be at the helm of two loser companies....mind you TEA and their Kern Front oil property kinda got screwed by outside forces. They actually had a decent thing going with oil extraction from what was believed to be an exhausted concession via new technology. But now it is buried in muli-layered litigation as the property ownership rights are in question and nothing is allowed to move forward until the dispute is ratified.  I have spoken with a few of the share holders over there and they do not have kind words for their recent rollback and re-financing that absolutely crushed their hopes. My hope is that internal funding is secured for GDX moving forward via a promissory note and then we wait for that permit. A roll back and then a PP = recommencement of dilution and is in no ones best interests. But us little retailers have no say really and are usually the ones that get our rumps reamed the hardest. Certainly a NR with an update is required here. 

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