Globex Mining Enterprises Inc. T.GMX

Alternate Symbol(s): GLBXF

Metals & Mining Industrial Metals & Minerals

Globex Mining Enterprises Inc. is a Canada-based company, which is focused exploration and development property bank which operates under the project generator business model. The Company's mineral portfolio consists of exploration, development and royalty properties which contain base metals (copper, nickel, zinc, lead), precious metals (gold, silver, platinum, palladium), specialty metals and minerals (manganese, vanadium, titanium dioxide, iron, molybdenum, lithium, cobalt, scandium, antimony, rare earths and associated elements) and Industrial Minerals (mica, silica, potassic feldspar, pyrophyllite, kaolin, dolomite as well as talc and magnesite). Its properties consist of Timmins Talc-Magnesite, Laguerre-Knutson, Courville, Beauchastel - Rouyn, Cavalier, Great Plains (Clermont), Joutel, Red Star Project, Rouyn-Merger, Ruisseau Marriott, Sheen Lake Property, Shortt Lake Mine, Smith-Zulapa-Vianor, Salt Spring property, Eldrich Gold Mine, Porcupine West Property, and others.

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Globex Mining Enterprises Inc.

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Post by paperbullon Mar 04, 2014 6:44am

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Post# 22276170

Final fall of anemic juniors may loom in April - Kaiser

https://www.miningweekly.com/article/final-fall-of-anemic-juniors-may-loom-in-april---kaiser-2014-03-04

Interesting article re: mining juniors

market bottom has been reached and that a selective bull run for the stronger juniors is underway
for weaker juniors, those with under $200 000 left in their treasuries, their often-predicted purge may be about start
But there are over a 1 000 companies [still] trading below a dime [$0.10],” he said. “Of the 1 749 resource sector companies I cover on the TSX and TSX-V, 868 have less than $200 000 left
In April, a big chunk of them will have to file their [annual] financials. The accountants are probably creditors on last year’s financials and, unless they are paid, they will not sign off,” he said. “So there’s a possibility that the ‘big kaboom’ will happen in Q2 when these financials are due
But we shouldn’t worry about these companies,” he explained. “When they disappear it will great because there will only be about 700 to 800 real companies out there and we’ll be able to focus our attention [on them].”
And] when the money starts flowing into the sector again, it’s not going to be diverted by these pretend exploration companies that have polluted the sector in the past decade,” he said.
Other companies with more attractive assets or brighter prospects may present opportunities for an investor, although they should be selected with great care. “Be careful bottom fishing below $0.20 … you have to check their balance sheets,” Kaiser cautioned