Xmet Inc XMTTF

Metals & Mining Gold Industrial Metals & Minerals

XMet Inc is a mining exploration company. The company engages in the exploration of its Canadian mineral properties in the provinces of Quebec and Ontario. Its property portfolio includes Grasset Property located in the northern part of the Abitibi greenstone belt, west of Matagami, Quebec; Authier Property located mainly in Poularies and Privat townships in the western Abitibi Region of Quebec and the Blackflake Property.

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Xmet Inc

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Comment by gump132on Mar 04, 2015 3:12pm

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Post# 23489895

RE:Question For The Board

Hi KC8, management doesnt know what the results will be which is why they send them to the lab. They had a previous investor offer to top up their cash which they needed. Seems like a no brainer. Not like they did a huge PP at $0.05. If they had a crystal ball and could predict the SP going much higher after assay results, they would have held off for sure. Management made a conservative move to top up cash in the short term on a small PP while waiting for assay results to confirm they really have something.

I have no concerns over the PP. It was small and there will likely be a larger $ PP in the future if the assay results are good (likely at a much higher SP too).

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