Gold X Mining Corp. GLDXF

Metals & Mining Industrial Metals & Minerals

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

Gold X Mining Corp. > GLDX trading halted right now...

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Comment by Charo888on Mar 12, 2021 8:19pm

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Post# 32791411

RE:RE:RE:RE:RE:RE:GLDX trading halted right now...

usually when it's a positive news for a given company you see that in the stock price first..in the case of gldx even with a BUY set on it by a letter then good results from the last drillings the price has been brought down in the 2.80/2.90 range.. Because of the halting of the 2 stocks (gcm/gldx) I think that gcm will sell his 20% in gldx around this price. Don't forget also that they are in the process of cleaning up their balance sheet and they know that they cannot buy gldx for peanuts as they have tried to do the first with a friendly (to them ) management. Now this management is out and Friedland has been brought him with a lot of incentives for him and his companies if he sell gldx ( at a far higher price ) : last one between gldx and one of his companies and only if the mc of gldx is above 300 mil cad, so roughly 2 times the actual mc of gldx.. Zijin is the normal buyer if the road is build ( engineering is already done ) but we should not rule out Barrick already in Guyana..

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