Temex - similar to others that have gotten bought out.
In my years investing in these explorers I have had a number who have gotten bought out.
Most of those 'seemed' to be kept at very low levels regardless of excellent drill results
or ounces of gold, silver, etc in the various categories.
Two I can remember are Gold Eagle kept in the $5 to $7 range until Agnico Eagle bought
shares at $9 then within a short time Goldcorp bought Gold Eagle at $13.00.
Richfield Resources had intense selling during the last summer before buyout (just below $1.00)
and then in the fall started to climb fast and was bought out by Newgold for $10.00.
Gold Eagle I hung in. Richfield I sold at a loss around .90 - then bought in again around $3
a few months later. Being nervous I sold in the $7's.
Temex reminds me of one that Osisko bought out. Traded in a tight range for a long time.
To me Temex is in the right area with good management and a growing resource and currently
has money to drill - 4 plusses. If it goes lower I will buy more. Holding tight to this one.
Susan