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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 Jun 02, 2018 6:30pm
81 Views
Post# 28116130

Hey Cool & Bandi

Hey Cool & Bandi
I absolutely agree that this winter will be the last chance for MTX to get it done, but you can take that one-way sure bet to Vegas that it would never happen getting to first base with the ice road built. Ulansky, Nolan & Waisberg have their get-out-of-jail passes to dump their free shares for cash at 5 cents as soon as they are issued. MTX stock (unadjusted for stock splits) had a all-time high of $5.00 in 2003, or $50.00 after adjustment for stock splits. The stock has lost 99.9% of its value and Chuck simply pissed away some $100 million of shareholders equity and the stock now ends up with a $3.0 million deficit hole. Cantex (CD) also wasted some $59 million in unfruitful explorations and has $5.0 million deficit in its equity account. I see CD is now trying to do another 10-for-1 reverse takeover to again raise funds for its Yukon drilling. If not for Chuck extending a lifeline, these two companies would be bankrupt....The diamond sector sucks just look at LUC, PGD, SWY, MPVD etc. DeBeers is even getting into synthetic diamonds.
Bullboard Posts