Bullboard - Stock Discussion Forum Gold X Mining Corp. GLDXF

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Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around... see more

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Gold X Mining Corp. > When the dillution

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Post by Silverfreaky on Sep 22, 2017 3:18pm

When the dillution

is only necessary to pay the exorbitant high salarys for the CEO's then i have a problem.
When they need money for drilling after such a long time then i want to see a progress.Such things like an increased resource for example.

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Comment by mackvorkian on Sep 25, 2017 12:09pm

Wouldn't we all be a lot more pleased if they had raised $3 mill at 40 cents with 60 cent warrants? Unnecessary dilution always comes back to burn the shareholders and this company has done the roll back screw the shareholder thing before.

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Comment by Heywood_Silvers on Sep 26, 2017 9:38pm

Mack, let's offer full disclosure on the company having done the roll back screw the shareholder thing before: When they acquired PNO Resources in 2015 the rollback was in conjunction with the takeover so as to not bloat the sharebase at that juncture. Personally, I am giving them a pass on this one due the circumstance - and you know I follow the stocks quite ...more

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Gold X Mining Corp.