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QMX Gold Corporation V.QMX

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

Bullboard Posts
Comment by Zo$oon Nov 13, 2012 10:04pm
163 Views
Post# 20596600

re:

re:

So let me get this straight.

They rolled back because they couldn't raise money at 5c.  Then after the roll back, the SP took a major hit (as it usually does after rollbacks), and they decided they didn't want to raise money because it would be too dilutive.. Even though it still would have been fairly dilutive even if the SP hadn't changed after the rollback?!??

So they decide against issuing more shares, and go for a loan instead.. except they already had a loan outstanding.. So this most recent loan is being used to pay off the old loan, and provide money to pay Management while they search for a NEW loan to finance the mine????!??!?!

This is like paying your Visa bill with your Mastercard, and then paying your Mastercard bill with your Amex!!  What a disaster.

How Bharti can have an NSR on a mine that's LOSING MONEY is unbelievable.

I hate this company

 

Bullboard Posts