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Pelangio Exploration Inc V.PX

Alternate Symbol(s):  PGXPF

Pelangio Exploration Inc. acquires and explores prospective land packages located in gold belts in Ghana, West Africa and Canada. In Ghana, the Company is focused on its two 100% owned camp-sized properties: the 100 square kilometers Manfo property, the site of eight near-surface gold discoveries, and the 284 square kilometers Obuasi property, located four kilometers (km) on strike and adjacent to AngloGold Ashanti's high-grade Obuasi Mine, as well as the Dankran property located adjacent to its Obuasi property. The Manfo project is located in the Sefwi-Bibiani greenstone belts of the Paleoproterozoic Birimian of southwest Ghana, about 15 km southeast of Newmont's Ahafo gold mine. The Dankran project covers an area of approximately 34.65 square kilometers contiguous to the northeastern corner of its Obuasi project. Its Canadian properties include Gowan Property, Grenfell Property, Kenogaming Property, Hailstone Property, Birch Lake Property, and Poirier Gold Property, and others.


TSXV:PX - Post by User

Comment by SimplyRunRigon Mar 24, 2021 11:38am
129 Views
Post# 32866452

RE:RE:RE:Recent Appointee to the board.....................

RE:RE:RE:Recent Appointee to the board.....................I'll say it again. I don't know why you would expect anyone to exercise out of the money options.  She especially wouldn't be flipping options into shares at this point, as you can buy shares on the open market cheaper. Do you even know how options work?

ggrellette wrote: If she exercises them now it is a show of confidence as a long term shareholder. If she does not, that means she will be a drag on the company. What we do not want is her flipping the options into shares for selling into the open market.


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