Pasinex Resources Ltd C.PSE

Alternate Symbol(s): PSXRF

Metals & Mining Industrial Metals & Minerals

Pasinex Resources Limited is a Canada-based mining company. The Company owns 50% of Horzum Maden Arama ve Isletme Anonim Sirketi (Horzum AS), through its wholly owned subsidiary Pasinex Arama ve Madencilik Anonim Sirketi (Pasinex Arama). Horzum AS holds 100% of the producing Pinargozu high-grade zinc mine. Horzum AS sells directly to zinc smelters and or refiners through commodity brokers from its mine site in Turkiye. It also holds a 51% interest, with an option to increase to an 80% interest of a high-grade zinc exploration project, the Gunman Project, located in Nevada. Pinargozu is located about 28 kilometers (km) north of Kozan, Turkiye in the eastern part of the Taurus Mountain range. The Gunman Project is centered on a high-grade zinc concentration near the Bald Mountain gold mine. Its Akkaya property is located 1.5 km north of the Pinargozu Mine on the Horzum Zinc Trend (HZT), a known northeast trending zinc mineralized belt of carbonate-dominated sedimentary rocks in Adana.

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Pasinex Resources Ltd > Very disappointing SP

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Comment by GoldenDreamson Jan 09, 2018 12:53pm

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Post# 27314621

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Very disappointing SP

I believe that in the last Webinar Steve W. mentioned that he suspects the drop in share price was caused by the market not liking the fact that a significant amount of profit had not yet been paid to the JV by Akmetal. He addressed this by stating that Akmetal would pay this in a dividend. The question that remains now is when? Will it be announced in a PR or are we to wait for discovery in the next quarterly financials?
GD

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