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Metalex Ventures Ltd V.MTX

Alternate Symbol(s):  MXTLF

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

Bullboard Posts
Post by Oregonduckon Nov 13, 2016 4:51pm
104 Views
Post# 25454850

For Novice Investors Only

For Novice Investors Only
Know this for novice investors only: MTX pays key employees (Waisberg, Nolan & Ulansky) tens of thousands of common shares instead of cash for services rendered for years. TSX-Venture will allow issuing shares for services IF the company is "broke" & unable to pay in cash ( read the TSX-V policy & reg.). MTX also awards "Incentive Options" to those guys incl. Chuck himself...But, the millions of "Options" have never been exercised BECAUSE the fcuking stock kept sinking & fell below the "strike" or exercise price and only clinical idiots would exercise options "under water". Shares granted for services are not the same as "incentive" options. Over the last decade, MTX has lost 99% of its value due to dilution and reverse splits. The stock was at $7.60 at the top in 2007 (Go do a 10-year chart). The stock is worth 5 cents now which is the price of an empty pop can. As for that some one, bad decision-making, booze and divorce will do that to you .
Bullboard Posts