Metalex Ventures Ltd V.MTX

Alternate Symbol(s): MXTLF

Metals & Mining Industrial Metals & Minerals

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

Metalex Ventures Ltd

Bullboard Posts

Post by Oregonduckon Nov 24, 2015 11:16am

129 Views

Post# 24319722

Stock Chart 101

I said early last week that I believed the stock would not be allowed to run far before the AGM this Friday (after the mkt. close) because of the voting on the options and the expectant news release. Although the stock is bursting to go, it seems to me a collar has been placed on it for now.

However, one of the most bullish technical indicators around for a BUY SIGNAL- the GOLDEN CROSS - has just turned positive with the 50-day-simple-moving average (SMA) curling & crossing over the 200-day SMA. The Mac-dee (MACD) is also above the center line.