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Metalex Ventures Ltd V.MTX

Alternate Symbol(s):  MXTLF

Metalex Ventures Ltd. is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. The Company’s principal projects are located in Quebec and northern Ontario (U2), Canada. Its overseas projects are located in South Africa, Morocco and Mali. Its projects include Wemindji James Bay Property, Kyle Lake Property, Viljoenshof Diamond Project and James Bay Lowlands Property. It has a 100% earned interest in mineral claims located in the Kyle Lake area of Ontario, located approximately 200 kilometers (km) west of James Bay in Northern Ontario and about 80 km west of De Beers’ Victor Mine. It also has an interest in various mineral claims located in the Wemindji James Bay region of Quebec for the exploration of diamonds and owns 100% of the non-diamond project. It also has a 100% interest in certain mineral claims in the James Bay Lowlands area of Northern Ontario. It has a 70% interest in the Viljoenshof Diamond Project in South Africa.


TSXV:MTX - Post by User

Post by Oregonduckon Nov 18, 2021 12:51pm
128 Views
Post# 34141503

20-Yr Low

20-Yr Low

This stock had fallen from a historical high of $50 - giving allowances for at least 2 prior rollbacks - over the last 2 decades. 

C'mon Chuck, do it one more time. Roll, Roll, Roll. Or, take this dogshit Co to the back of the shack and shoot it. 

In July 2021, MTX reported working capital of around $480,000 due to losses after raising $3.2 million a year ago. They said they will need to raise non flow back private placement again  

The staff are sitting on their fat behind as they even neglected to file proxy materials for next week's AGM. But then again, who cares??

The Independent Directors are getting free 5 cents stock that they will dump on the market. 

This is a zombie stock that should have been
de-listed. 





 

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