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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 Dec 03, 2022 1:34pm
328 Views
Post# 35148736

Chuck Buying

Chuck Buying

That's no buying indicator per se. Chuck has been buying MTX and CD but never selling. MTX stock still dropped like a stone and languishing at rock bottom. That goes for MTX where it went to the stratosphere at $7.00 from $0.015 (pre 1-for-10 rollback) and now back to $0.21 or 2 cents pre rollback. Chuck didn't sell a single share of CD except in gifts to family members who promptly dumped at $6.00. Same goes for Chad and Jennifer who exercised and dumped their options from $5.00 and up. 

The only positive I see is that funds for Quebec drilling are there for Q1 23. I hope Chuck will start drilling South Africa diamond prospect right away. Chad should know the area well since he graduated from the University of Cape Town and began his career with Diamet. He said at the AGM that drilling is very cost-effective there with plenty of experienced labor. The property is next to the Kimberly Mine. Guaranteed to find diamonds. That should juice MTX stock if discovery is made. Then there is Morocco.
 


 

 

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