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MGX Minerals Inc MGXMF

Metals & Mining Industrial Metals & Minerals Battery metals
MGX Minerals Inc. is a Canada-based diversified resource and technology company with interests in advanced materials, metals, and energy technologies. The Company’s portfolios include Magnesium, Silicon, Lithium, Gold, and Silver. Its Magnesium projects include Driftwood Creek, Marysville, Red Mountain Group and Botts Lake. Its Silicon projects include Gibraltar, Koot and Wonah. Its Lithium projects include GC and Petrolithium. Its Gold projects include Heino, Tillicum and Fran. The Driftwood Creek project is located approximately 164 kilometers (km) north of Cranbrook, British Columbia (B.C.). The Marysville magnesite project is located approximately 12 km (7.7 miles) south of Kimberly, BC. The Red Mountain-Topaz-Cleland magnesite property is located approximately 50 km south of Golden. The Botts Lake magnesite property consists of claims approximately 50 km south of Golden, BC. The Gibraltar project is located approximately 95 kilometers northeast of Cranbrook, BC.


GREY:MGXMF - Post by User

MGX Minerals Inc
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Comment by thebrownderekon Feb 02, 2017 4:56pm
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Post# 25791941

RE:RE:RE:RE:RE:RE:Before two days...

RE:RE:RE:RE:RE:RE:Before two days...I believe a lot of shorters are on this stock for one very simple reason:

Through the history of investing, nearly every time a stock increases several hundred percent in the matter of a few weeks, there's bound to be overbuying in the excitement and a curtail folling the peak of frenzied trading. This is what I believe we're seeing now, and I think the existing shorts have gotten it wrong, outplayed their hand, and are going to have a very large price to pay for it. 

That's just my two cents. 

Most people had never heard of this company, and probably threw their position in with very little research simply because 'this is how we play the game'. Google the biggest gainers of the day. Watch them rise to a peak. Place your bets. 

The other thing that this company did which was out of the ordinary was how long of a sustained rise it had, which is inducive to shorters jumping in on the belief that it can't continue. 

With the right product and market conditions, why can't it? Well... it can. But it takes a true anomaly, which I, and many others here, believe that we have. 
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