Orex Minerals Inc V.REX

Alternate Symbol(s): ORMNF

Metals & Mining Industrial Metals & Minerals

Orex Minerals Inc. is a Canada-based mineral exploration company. The Company is focused on precious and base metals exploration in Mexico and Canada. The Company is engaged primarily in the acquisition and exploration and evaluation of assets. It has several projects, including two projects located in Durango State, Mexico, the Sandra Silver-Gold Project with Pan American Silver Corp. and the Coneto Gold-Silver Project with Fresnillo PLC. The third project is the Valenciana Gold-Silver-Base Metals Project in Zacatecas State, Mexico. The fourth project is the Jumping Josephine Gold Project in British Columbia, Canada. The Sandra Project is situated north of the town of Tepehuanes, Durango, in the heart of the Mexican Silver Trend, midway between the mining districts of Tovar and Guanacevi. The Coneto Silver-Gold Project is adjacent to the village of Coneto de Comonfort, centrally positioned within the Mexican Silver Trend, over 100 km north of the city of Durango, Mexico.

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Orex Minerals Inc

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Comment by AlternativeViewon Aug 10, 2016 9:50am

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Post# 25125845

RE:RE:RE:RE:RE:Much higher

tigris72poo wrote:
The last thing Gary Cope has to worry about is a hostile bid. Mgmt and Ingalls & Snyder own 50%. NOBODY is going to try going hostile.

Got to thinking about this and I now suspect you might be wrong, after all.

I past cases where management was in favour of an arranged takeover, there was a voting requirement for a majority of shares not controlled by management to also be in favour of the arrangement. I see no difference why this should not be the case where management comes down against a hostile bid.

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