Gold X Mining Corp. GLDXF

Metals & Mining Industrial Metals & Minerals

Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around Toroparu on its 53,844 hectare (538 km2) 100% owned Upper Puruni Concession.

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Gold X Mining Corp.

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Post by ML_Geoon Jul 20, 2016 4:22pm

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Post# 25070097

PNO Deal

Can someone explain the PNO deal for me? Preconsolidation the SSP stock price reached a high of something like $3.50. Post cosolidation my google finance charts are indicating the high would be around $33/share. If it was a 3:1 deal wouldn't the "new historic high" be equivalent to 3 times the preconsolidation high (e.g. $10.50)? What am I missing?

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