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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 Jan 27, 2013 7:28pm
147 Views
Post# 20896965

RE: Insider Buying @ .01

RE: Insider Buying @ .01

Gotta be a huge roll back and then the dreaded PP @ 5 cents, then maybe the permits come through and we generate a little scratch to square up with the massive accounts payable folder and finance future exploration. Then what, more cash burn and back to the basement...has anyone seen this scenario play out before ? As the American economy continues to garner strength I speculate that alot of investment money will leave the riskier juristictions ie: Africa and Central American and re-deploy there. Even the IMF has warnings about the Canadian economy slowing to 2% growth and our own leaders have said they expect things to become  "very challenging" moving forward from here. Anyone notice the recent 4 cent decline in the Canadian dollar to below paredy....money leaving Canada as we fall from safe haven status. If money is already leaving Canada and re-deploying into the U.S., one can see how  quickly it will vacate the even riskier environments. North Africa is a cauldron of violence and Central America is a cess pool of drug related violence and corruption. $$$ is leaving these areas alot faster than it is leaving Canada. Where will this leave the small cap exploration companies that do their business in these riskier areas of the world ? IMHO....SS

Bullboard Posts