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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 chadioon Feb 04, 2021 11:01am
142 Views
Post# 32470167

RE:RE:RE:RE:RE:What,s wrong with ???

RE:RE:RE:RE:RE:What,s wrong with ???I agree this is a bad deal for small retail shareholders, these deals usually are. The retail shareholders get sucked in on financings, good or bad, to pay for drilling and get " shafted" when the drill results end up in a take over. Make no mistake Eldorado knows what is in the ground on the QMX property, their style is to find a cheap junior with huge potential then take a 20% stake in them and wait. Wait long enough to give the small guy a little bone and the big goes in for the kill and takes the company. In this case they took 20% at .06 and figured that .30 cent was a big enough bone after what I think was holding the price down. I believe the up coming drill program will prove lots of gold and Eldorado wouldn't want them out before a take over. Just look at Eldorado taking over Integra next door. Is there a management "bonus" clause in this deal? As far as the litigation goes, I went through a similar situation with coincidently Eldorado's Lamaque property when it was owned by Century mining and being taken over by White Tiger Mining. A small group of us took right to the Ontario Suprior court to not certify the deal, the courts did certify it while we sat in the courtroom and watched and listened. It was costly, one shareholder funded a large portion of it near then end. It got to the point that people I contacted at BCSC and OSC knew me by name and was even traced down and got a phone call from the office of Howard Wetston at the time.That whole deal turned out to be a scam.
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