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QMX Gold Corporation V.QMX

QMX Gold Corp is a junior exploration company. It is engaged in mineral exploration and evaluation properties in the province of Quebec. The Company is focusing on the exploration and evaluation of its gold and base metal projects within this region. It is also focused on the Val d'Or mining camp in the Abitibi District of Quebec. It holds the Aurbel property and holds a 100% interest in the VMS properties.


TSXV:QMX - Post by User

Comment by BlueChipper2020on Aug 22, 2020 11:00pm
257 Views
Post# 31442711

RE:Sprott is probably buying in the market...

RE:Sprott is probably buying in the market...I realize they have $13M or about that in cash after the last two financing (Eldorado and Sprott et all). However, large financing are occurring since companies are taking the money while the market is hot. FVL now has about $40M in the bank and did not need the last $34M raise they just did with Sprott and others.

Discovery Metals CEO and other CEO's stated the above reason in a recent webcast. You raise money from a position of strength. Of course the big boys always get some cheap shares in the process. 

I do not know if this is happening now, however do not be surprised if a PP is announced. Sprott has seemed to participate every time one of his juniors has great drill results and does a PP after. GLTA
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