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Gold X Mining Corp. GLDXF

Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around Toroparu on its 53,844 hectare (538 km2) 100% owned Upper Puruni Concession.


OTCQX:GLDXF - Post by User

Comment by Wvdmmeon Sep 22, 2020 11:05am
130 Views
Post# 31597196

RE:Why you think

RE:Why you think
GoldenReciever wrote: that they are doing a warrant acceleration? Of course because a M&A is imminent. Hold tight we will get an offer by the chinese very soon is my feeling. Maybe right after September 24th 


If i see warrent accelaration i hear: we need money to do X.

In best case scenario X is adding value to the company, which M&A could do.
in worst case scenario X is keeping afloat, paying wages and keeping the lights on. Which is a value drain instead of added value.

We do not know what the X is.

Strongly rooting for the first option, but i find it hard to get a good view on this company.
What's your take on future steps and on which information do you base yourself?
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