Metalex Ventures Ltd V.MTX

Alternate Symbol(s): MXTLF

Metals & Mining Industrial Metals & Minerals

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.

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Metalex Ventures Ltd > Funny Business

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Post by Oregonduckon Dec 20, 2024 4:30pm

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Post# 36372942

Funny Business

Creative accounting at its best.

Based on the latest financials for July 31, 2024, the private Juno Corp. shares are now worth $5.70 million. Chuck sold the 62% James Bay property to Rob Cudney for $278,000 in 2020 ffor Juno shares. The investment has now "grown" to $5.70 million. If it is really worth that much, sell those damned shares back to Cudney. There is really no market for them.

The $5.70 million "equity" re-valuation is curiously just enough to cover the $5.0 million exigible deficit hole. The Co. would have gone bankrupt & be delisted by TSXV..

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They started in video game investing, now they serve high net worth traders