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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
Post by ss1867on Apr 02, 2013 11:15am
194 Views
Post# 21198383

8 MILLION ON THE BID @ .5

8 MILLION ON THE BID @ .5

Well, the gold is there and geo-political risk aside it looks like some are willing to take the chance. Or maybe a pre-consolidation move by insiders. The same management team as TEA.V and they did what they had to do to keep the company alive....consolidate and re-issue....with little warning to the retail share holders. If you had held TEA through this process you have seen your investment evaporate into thin air. With a depleted treasury, no permits in sight and no news for almost a year my guess is the consolidation and a new PP is near. How else will GDX secure the necessary funds to - A - survive and continue to painfully wait for the elusive exploitation license,   and - B - get in there and get the stuff. Even small companies like GDX that are currently producing and have a similar share structure are trading @ 3 - 4 cents....pretty bleak indeed.

Bullboard Posts