MGX Minerals Inc MGXMF

MGX Minerals Inc. is a Canada-based diversified resource and technology company with interests in advanced materials, metals, and energy technologies. The Company’s portfolios include Magnesium, Silicon, Lithium, Gold, and Silver. Its Magnesium projects include Driftwood Creek, Marysville, Red Mountain Group and Botts Lake. Its Silicon projects include Gibraltar, Koot and Wonah. Its Lithium projects include GC and Petrolithium. Its Gold projects include Heino, Tillicum and Fran. The Driftwood Creek project is located approximately 164 kilometers (km) north of Cranbrook, British Columbia (B.C.). The Marysville magnesite project is located approximately 12 km (7.7 miles) south of Kimberly, BC. The Red Mountain-Topaz-Cleland magnesite property is located approximately 50 km south of Golden. The Botts Lake magnesite property consists of claims approximately 50 km south of Golden, BC. The Gibraltar project is located approximately 95 kilometers northeast of Cranbrook, BC.

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MGX Minerals Inc > Thoughts on the news that came out yesterday?

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Comment by SmiteWorxon Apr 01, 2021 10:22am

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RE:RE:RE:Thoughts on the news that came out yesterday?

To honestly answer... These guys have proven themselves completely incompetent (and IMO borderline fruadulent) in their ability to actually execute and bring value to shareholders based on past projects. So maybe...just maybe this heinoo deposit is at least legit in concept. I have 0 faith in managements ability to execute anything into value for the shareholder. And now they are offering an extra 20M in dilution to current shareholders? IMO they are just jumping back onto the gold train because it is still relatively hot right now. They have burned through their existing decent projects (zinc batteries and wastewater lithium).

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