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Adex Mining Inc V.ADE

Alternate Symbol(s):  ADXDF

Adex Mining Inc. is a Canadian junior mining company. The Company is focused on developing its flagship Mount Pleasant Mine Property, a multi-metal project that is host to promising tungsten-molybdenum and tin-indium-zinc mineralization. The Company holds 100% of the subsurface mineral rights to approximately 1,600 hectares encompassing the Mount Pleasant mine area of New Brunswick, Canada approximately 60 km south of Fredericton approximately 100 km northwest of deep seaport facilities located at Saint John. The Company, through its subsidiary, Adex Minerals Corp., holds claims under Prospecting License 14338. Within the mineral rights area, the Company owns approximately 405 hectares of land. Also, within the mineral rights area there are two distinct poly-metallic mineral deposits, the Fire Tower Zone (FTZ) and the North Zone (NZ). The principal metals include tungsten and molybdenum in the FTZ and tin, indium and zinc in the NZ.


TSXV:ADE - Post by User

Bullboard Posts
Comment by 123con Jul 29, 2016 1:35pm
285 Views
Post# 25096357

RE:What are the chances Great Harvest sells Adex?

RE:What are the chances Great Harvest sells Adex?Slim to nil.  They just loaned Adex another $ 1 million.  The total market cap is just over $ 10 million and they have invested a lot more.   They are most likely to sit on low value and try to take the minority shareholders out, then develope it and keep the whole thing, or as much as they can, for themselves.  With comodity prices down, they are in no hurry to move ahead when they will see greater returns when the price of metals goes up.  At present prices, the total value of shares held by minority shareholders is about $ 2 million. That includes the shares held by board members other than Yan & Lam (who control GH)
Bullboard Posts