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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
Comment by 123con Nov 03, 2012 7:33am
186 Views
Post# 20558171

RE: What do they care

RE: What do they care

Well first, GH would care about the price because when they are trying to raise capital, the value of their holding will be a factor for other investors / lenders to consider.  Also, if they realize they are in over their heads, they will want to recover their investment if they choose to sell.

As for the previous management, a large part of their compensation was in options that expired, so they are worse off than ordinary shareholders.  They brought in GH because you need the capital to get the metal out of the ground and into marketable product.   It's easy to be critical, but unless you know where to get $ 50 - 150 million for a mining project you probably should hold your tongue.

Finally, how does trash talking the stock help to raise the value of your shares ?  - or are you hoping to see it go lower to pick more up in the basement ?

 

 

 

Bullboard Posts