OTCQX:GLDXF - Post by User
Comment by
kkkrrron Apr 03, 2020 1:47am
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Post# 30874695
RE:News out today
RE:News out today
i will move profits from other stocks into Gold X ... this deposit is huge and the satelite-pits are higher grade and very low cost... the new CEO possibly will sell this thing after the Pre-feasibility study this or next xear... OR GCM will buy it..the already own 30% of Gold X (including warrants) ... i'am sure the will participate in the current small PP ...
marketcap is very low and including possible funds from Wheaton the capex is not too high...they coukd bring this into production with an bigger 50 mio USD equity-financing and appr. 200 million USD debt... repay-time 2-3 years...
owned 3 companies lead by Martysek in the past..all 3 were sold at higher price.. now the lame duck Munson stepped down..its a good sighn for the future.. Martysek, Guistra and Peas-Braga are financial guys... they will bring this to en good end......
i will add at waek days here... Cardinal resources (0.28 CAD) received a non-binding offer from russion Nordgold (all cash) ..due diligence will be over in 1-2 weeks and its highly possible a binding offer will follow... you can buy this stock 30% below the takeover-offer... highly possible a second bidder will show up ... very similar deposit like Toropary in Ghana .. 7 million oz of gold with potential higher grade satelite-pits... watch out.... after a successful takeover half of my profits will go into Gold X ...hopefully the SP stays low for a while ;)