Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 May 26, 2018 8:02pm
74 Views
Post# 28085120

Dead Stock Standing

Dead Stock StandingChuck is a good guy, but he is a bad news bear.

More free shares @ 5 cents - not options and definitely not coupons - for debts that MTX owed to insiders like Nolan, Waisberg  & Ulansky. Chief Nolan - VP of Noront - has done nothing for MTX except perhaps getting the Co. to spend money on some useless property near the Noront discovery. Nolan has no pull with the Atta FN. The insiders own little or no shares except out-of-money options. They flip off the shares as soon as there is liquidity.

The Co. is so pissed poor that it couldn't pay them cash for services rendered becaues it must be proven to TSX-V that it has no money in order to be approved for issuance of shares for cash. The Co. is clearly surviving by Chuck's largesse who has been bailing it out of the hole, but he seems to want to put money in another diamond stock DVI instead of MTX, though it could be a curse for that company as he moves in such a snail pace.

MTX is effectively bankrupt with a deficit hole of some $3.0 million in its equity account after blowing $100 million over 2 decades on fruitless ventures. All dead except some faint hopes, still No U2, No Quebec, No Morocco.

There is zero chance MTX can pick up the pieces of scrap metal from the Victor Mine demolition.

https://www.timminspress.com/2018/05/24/victor-closure-may-be-the-last-seen-of-de-beers

Bullboard Posts