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Bullboard - Stock Discussion Forum MGX Minerals Inc MGXMF

MGX Minerals Inc. is a Canada-based diversified resource and technology company with interests in advanced materials, metals, and energy technologies. The Company’s portfolios include Magnesium, Silicon, Lithium, Gold, and Silver. Its Magnesium projects include Driftwood Creek, Marysville, Red Mountain Group and Botts Lake. Its Silicon projects include Gibraltar, Koot and Wonah. Its Lithium... see more

GREY:MGXMF - Post Discussion

MGX Minerals Inc > THOUGHTS TAKE 2
View:
Post by Wangotango67 on May 26, 2024 10:17am

THOUGHTS TAKE 2

Resistence ?
Driftwood Furnace Report
BC Hydro ( Driftwood can't link in )
Ebby BC Province
Gold Commissioner
Denied drill permit


Protect Shareholders ?
Canadisn common shares delisted
Silica Claims deal went stateside
Nb claims went stateside
Other claims mia 


NBRI
Initial listing New York
50% of Fran ( upto ) dilution Canadian shareholders
NBRI billions of shares out ( never rolled )  profit for junior and personel
Fran ores ( future tense ) ship ores to California Bishop Mill


MGX
Last Prez of MGX = Andris
Andris would have to approve the MGX JV of Fran in press ?


Financials  July 20 2023

The Company continues to await final comments on its fiscal year 2021 audit from its auditor.  Due to the length of time for audit completion, management, in conjunction with its securities counsel and accountant has begun to pursue an alternative strategy to return the Company to trade and allow the Company access to equity financing through any and all means including merger, acquisition, joint venture or otherwise.  The Company retains significant assets including the above mentioned GC Lithium project, and the advanced phase Fran Gold and Driftwood Creek Magnesium projects.

https://ceo.ca/@thenewswire/mgx-minerals-announces-exploration-at-gc-lithium-lct



April 28, 2023 

Sale of Silica Claims  Sale of Nb Claims
( it's now well past 1 yr from this press release )


MGX has used the majority of funds from the recent property sales to pay down accounts payable including legal, auditors and accountants for the purpose of returning to trade and as well as property payments and various AP.  The major outstanding audit item remains the final signoff on its PurLucid subsidiary which is believed to be near completion.


https://ceo.ca/@thenewswire/mgx-minerals-announces-assays-up-to-104-lithium


PROTECT SHAREHOLDERS  -------> October 11, 2022

Never the less MGX is prepared to litigate for the loss of its FMC and controls  $10B in situ assets in BC.  The GC has refused to advise the Premier of a potential $10B impending litigation.

Therefore MGX has retained counsel consulted with the opposition party and will protect shareholder rights.

https://ceo.ca/@thenewswire/mgx-minerals-announces-lithium-discovery-in-british


How do i read this story ?
Resistence - affected share price and advancement
Junior sold calued assets - used funds to pay debt, legal  +++++ accountant
The financials never pressed ( last item to complete ... pure lucid

Junior stated they'd protect shareholder rights
Why were Canadian common shares delisted ?
Who has sold assets - state side
Former prez with listed junior ( originating state side )
Fran deal 50% dilution for MGX
NBRI  mega shares out

Could the resistence caused junior to look at the situation as.... blockaide ?
Retreat and sell assets to, US companies ?

What interesting word did the junior write in press ?
= Opposition.

Chain reaction ?

Were Canadian shareholders protected ?

Why did the junior confer with, Teck ?
Teck appears often in, reports.

Are Govt's interested in critical minerals to run countries ?

Why is... GSC 
appointed over SE  BC   instead of, single resident geologist ?

Why only common Canadian shares delisted ?

Were Canadian shareholders protected ?
Or... dropped ?
Left in limbo... with the bursary prize od claim lands up for grabs by,
US companies and others who need the energy metals.


Bad chess game.
Yet... shareholders have rights.

I'd say Sinova got one helluva deal !
Any idea what silica metal is worth per tonne $ $3000 - $4000

Does...
Driftwood, Marysville, Botts, Red Mountain, etc...
Harbor other energy minerals ?

Fran harbors - gold but also harbors monazite.


Junior stated - they'd protect shareholders ( Oct 11 2022 )
Delisted Canadian shares  happened well AFTER this date.
Throw several angles of resistence in the mix
Others wanting critical minerals
Did market / exchange help shareholders ?
= Canadian shareholder vantage





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