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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 15, 2021 11:03am
200 Views
Post# 33000344

Stop doubts about AMX CEO//Warrants are exercised//Patience

Stop doubts about AMX CEO//Warrants are exercised//PatienceI do not agree at all with those pointing their dissatisfaction at AMX CEO. Let's not forget that (1) he has been very instrumental in bringing very serious money into AMX coffers since his arrival on board (2) he is a major shareholder of the company ( I believe #2) so he has all the good reasons to stay close to his investment for his own pockets and those of all shareholders. Just want to bring up one important point not to forget: WARRANTS. Well, certainly most people do not follow this closely but be informed that there is a series of warrants issued on November 7, 2019 with the closing of a private placement that will reach their deadline on November 7, 2021. The exercising of one warrant entitles the owner to buy one AMX share at $1.50. So when the market is at $2.70 or 2.75 or .....it is a "no brainer" . So as all can understand this warrant situation is putting selling pressure on the stock. This will probably continue until May 7. LET'S BE PATIENT. The AMX story is more and more compelling. As new drilling results are presented, the size of the mineable zones increase. Definitely majors are very interested. Covid did not help their desire to visit the site and meet management but they will do so, in  the upcoming months. Rewards will come for those who are patient .
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