Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Metalex Ventures Ltd V.MTX

Alternate Symbol(s):  MXTLF

Metalex Ventures Ltd. is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. The Company’s principal projects are located in Quebec and northern Ontario (U2), Canada. Its overseas projects are located in South Africa, Morocco and Mali. Its projects include Wemindji James Bay Property, Kyle Lake Property, Viljoenshof Diamond Project and James Bay Lowlands Property. It has a 100% earned interest in mineral claims located in the Kyle Lake area of Ontario, located approximately 200 kilometers (km) west of James Bay in Northern Ontario and about 80 km west of De Beers’ Victor Mine. It also has an interest in various mineral claims located in the Wemindji James Bay region of Quebec for the exploration of diamonds and owns 100% of the non-diamond project. It also has a 100% interest in certain mineral claims in the James Bay Lowlands area of Northern Ontario. It has a 70% interest in the Viljoenshof Diamond Project in South Africa.


TSXV:MTX - Post by User

Bullboard Posts
Post by battleforeston Jan 09, 2014 2:55pm
85 Views
Post# 22075132

from today's Gold Investment Letter

from today's Gold Investment LetterGood Morning, I wanted to send out a quick reiteration.....the clock is ticking on being able to buy Cardero at these low prices. It will be at 22 cents until it's not....in a seeming instant, the share price will shoot up to a new range. There is very solid accumulation at current prices and the chart looks quite ripe for its next leg up. Remember, we have a stock trading at less that a $30 Million enterprise value with a valid Billion dollar asset. If they get an offer for 10% of NAV (NAV I believe will be higher in the next 90-120 days due to work being done on the project) we're talking close to 70 cents. This type of thing can happen overnight. Meaning, we walk in...there's a news sign by CDYCF/CDU.TO and bingo.....buyout offer and the stock is up huge. I've had this happen before and it's a great feeling! Plus, I've had it happen where it sank my stomach because "I knew it would happen" but I did not take enough action to make any material money. This scenario is so simple it's stupid.....we have days....maybe 500k shares from the big seller out there and then the amount of supply to purchase in the market will virtually vanish. GIL members should be loaded up nicely by now but if you want a cherry on top of your position, grab a bit more now around 22. I'm raising my buy up to price to 25 cents for those who have a little flexibility. My initial was 18 cents when we recommended it at 15-16....then bumped to 22....now 25. Then, I will not be talking about loading up on more unless it goes way higher then has a pull back that screams buy more at new support levels. Cardero is what I like to call in this business of investing....a No Brainer. All we need to do is buy and wait.....things will take care of themselves in the market as management moves aggressively behind the scenes to do deals. Carbon Creek could realistically and even easily command hundreds of millions of dollars from a buyer in a better coal market environment....then we're talking 10 bagger territory. Just because I have a 45 cent initial price target doesn't mean that's as high as to will eventually go. Elite/Premium members know how serious I am about this one......we cumulatively own millions and millions of shares. Do free members "get it" in terms of the opportunity here?? For new subscribers, please take a moment to be brought up to speed via our report in December: https://www.goldinvestmentletter.com/cardero-resource-corp-resurrection/ I fear we're getting quite close to the stock breaking out of our buying range. Best, Eric
Bullboard Posts