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.

Globex Mining Enterprises Inc. T.GMX

Alternate Symbol(s):  GLBXF

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.


TSX:GMX - Post by User

Comment by Teatimenowon Jul 31, 2014 1:23pm
111 Views
Post# 22799257

RE:RE:Royalty Spin-co?

RE:RE:Royalty Spin-co?Hi WT,

  From a growth perspective I happen to like the mixed model because we are still picking up properties and developing the most promising ones for when the market (eventually) turns around.

Why is that an "either or or" thing?! A Royalty -SpinCO would allow both. GMX is at ALL TIME LOWS! for yrs not falling. 
Its easy: Spin-out the existing Royalties + a 0,25%0,5% NSR on all other projects owned and not subjected to 3rd party rights to "GMX Royalty Co" 

then you have a GMX operationg Co , valued at maybe 5mm or so 
AND
a GMX Royalty CO owning more than 60 Royalty rights and very likely a 20+mm marketcap

So an immidiate 100+% return to investors and a much cleaner structure.
In addition GMX Operatin/Exploration Co could grant  to GMX Royalty Co a right to buy at fair value, any additional Royalties generated by GMX Op CO.

The other thing I like about the mixed model is that we don't have to pay multiple different CEOs and there is synergy in the  administrative endeavors.  The other side of that coin is that maybe the current executive and board are spreading themselves a bit too thin.

Quiete the opposite is true! GMX Royalty Co could be chared fees from GMX Op CO for common management. A pure Royalty Co only need 1 Person! An accountant. Roylties are very simple - get the ceques out of your mailbos.
=== Dividend possible.

chrs
Teatime




Bullboard Posts