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Geologix Explorations Inc GIXEF



GREY:GIXEF - Post by User

Comment by 2investorknoton Dec 13, 2015 2:50pm
92 Views
Post# 24381058

RE:RE:RE:RE:There goes my investment?

RE:RE:RE:RE:There goes my investment?Well like I said before, you appear to be an optimist, though not very introspective when it comes to matters of civility. 

In reading the press release below, you might note that GIX may be losing its listing due to factors which might be of concern to you, me, and other shareholders -- namely due to its current share price and lack of exploration activity.  

You might also note that the press release states that Geologix "intends to apply" to the Venture Exchange and that there is an assumption, not certainly, that the application will be successful. 

So you have a junior mining company that might be delisted from the Toronto Exchange (not by choice) and intends to apply to the Venture Exchange.  It could happen, it could not.  To reduce their expenses, maybe GIX might want to wait to be listed again due to the lack of any signficant progress for the company. After all, if you are a long term shareholder, the delisting would not affect you during this waiting period.  We shall see what develops....

In the meantime peterot, perhaps you might want to buy some more shares and support the share price due to your confidence in what management might have told you.  On the other hand, you might choose to be more cautious.  Obviously the choice is yours. 

Good luck to you and other shareholders


Vancouver, BC - December 11, 2015 -- Geologix Explorations Inc. [TSX: GIX] ("Geologix" or "the Company") has been advised by the Toronto Stock Exchange that, as a result of both the Company's current share price and lack of exploration activity in 2015, the Company may no longer meet the Exchange's continued listing requirements. Geologix has until April 8, 2016 to meet such listing requirements. Geologix intends to apply for a listing of its common shares on the TSX Venture Exchange. Assuming this application is successful, the Company will subsequently delist its shares from the Toronto Stock Exchange.
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