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Amex Exploration Inc V.AMX

Alternate Symbol(s):  AMXEF

Amex Exploration Inc. is a junior gold mining exploration company. The Company’s Perron property is composed of approximately 117 claims covering an area of 4,836 hectares located in the township of Perron and is located eight kilometers (km) northwest of the town of Normetal. Its Lebel-sur-Quevillon project consists of four properties that are located 26 km North of Lebel-sur-Quevillon in the north-western part of the Quebec province and 150 km northeast of Val d’Or. The properties, 100% owned by the Company, consist of 73 claims covering 4,073 hectares. The Lebel-sur-Quevillon project consists of Cameron property, Madeleine West property, Madeleine East property and Pusticamica property. Its Eastmain River properties are situated in the Eeyou Istchee Territory, James Bay, Quebec, approximately 350 km north of the town of Chibougamau in the Plan Nord Region. Its Eastmain River Gold project consists of four properties: the Eastmain River North, East, West and South properties.


TSXV:AMX - Post by User

Post by Schumif1on Apr 03, 2021 10:38am
195 Views
Post# 32933630

Amex short sellers BEWARE!

Amex short sellers BEWARE!I do not understand those short sellers of Amex shorting the stock on a daily basis. Instead of fooling around shortselling 10,000 shares hoping to make 10 or 20 cents on the deal,  meaning $1,000 or $2,000 bucks, they’d be much better off buying the 10,000 shares and sitting on this until the end of 2021 when AMX will be very close to initiate a maiden resource calculation which, in my own evaluation will provide amazing numbers reaching 4 and most likely 5Moz in the ground. Short sellers are negatively affecting the day-to-day market and I hope they will realize that they can make much more money for themselves by letting the share price follow its normal course which is up.  PI Financial which has been covering AMX since January 2020 just released an updated report last week March 31, 2021 in which their internal resource calculation is set at 2.5Moz with a share price target of $4.15. Rightly so, PI was reacting positively to the excellent news released by AMX last Wednesday providing the latest results obtained on the Denise zone. MY SCOOP: Denise and its HGZ neighbour is becoming a bonanza deposit. Short sellers wake up! Get on the wagon!  We all know that PI or any of the other investment firms covering AMEX (Canaccord, Industrial Alliance, La Laurentienne) always have to be conservative in their predictions. Let’s just play intelligently with numbers and make some reasonable assumptions. Say 3 Moz in the ground. Let’s assume MAJOR GOLD PRODUCER acquires AMX valuing this world first class Perron mining camp (and all knowledgeable mining person will agree on this)  at $200US an ounce. That’s $600MUSD. Fully diluted shares outstanding are now 95.5M. That gives a projected share value of $6.28USD (or $7.72CAD) . Make your own hypothesis. There is no reason why AMEX should be at $2.71CAD when GBR is at $15.50CAD. Shortsellers think hard: 10,000 shares bought today at $2.71 could bring you $5.00CAD of profit by the end of 2021 or $50,000CAD with no shortsellinh hassle.....
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