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Bullboard - Stock Discussion Forum Gold X Mining Corp. GLDXF

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

OTCQX:GLDXF - Post Discussion

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Post by rotax1 on Dec 04, 2019 9:00am

news

https://www.stockwatch.com/News/Item?bid=Z-C%3aGLDX-2842717&symbol=GLDX&region=C

i
 think is a good deal for gcm fiore and wheaton but not not sure  for existing ssp share holder

it a debenture  3 years the interest is 10% ,( Interest on the Debentures will be compounded semi-annually and payable annually. Interest is payable in shares at the option of the holder)
Comment by RockLobster1 on Dec 04, 2019 9:24am
I must be blind,,, never saw the interest rate.  It looks okay, they had to raise the 20m USD or risk losing it all.... nice to be this rather than a PP at 1.50 or something. They are wheeler and dealers... they now have their stake and can get it ready for a future sale once gold rallies...  I think we will do well from this price.
Comment by rotax1 on Dec 04, 2019 9:42am
the market like it! for the interest Gran Colombia Gold Corp. has agreed to acquire $5-million (U.S.) of 10 per cent secured convertible https://www.stockwatch.com/News/Item?bid=Z-C%3aGCM-2842740&symbol=GCM&region=C
Comment by darter2 on Dec 04, 2019 10:25am
Looking good folks and yes it seems that the market likes it!   What's not to like.  With the 20 million dollar question mark out the way (purchase price), participation by Wheaton, Fiore and Gan Columbia, all the guessing games are now over.   The rollback gives us a nice tight share consolidation (35+ million now) to raise capital and/or sell the company and in the ...more  
Comment by kkkrrr on Dec 04, 2019 10:46am
this is the news i was waiting for .. perfekt! ... the 20-million$-question is away , Wheaton is participating, indicates the streaming-deal is not over ... GCM is adding shares (fully diluted  they are near 40% now) ...   bought back my shares alter selling during the last runup ... Toroparu is a great project @ 1400-1500$ POG ... and only 200-250 million USD capex needed ..GCM as ...more  
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