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Bullboard - Stock Discussion Forum QuestEx Gold & Copper Ltd. QEXGF

QuestEx Gold & Copper Ltd is engaged in the business of mineral exploration for the purpose of acquiring and advancing mineral properties located in the Golden Triangle and the Toodoggone area of British Columbia, Canada. The exploration projects include Castle, KSP, North ROK, Kingpin, Sofia, and others.

OTCQX:QEXGF - Post Discussion

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Post by Lafajet on Apr 13, 2021 9:35am

Interesting

Seems we got the big fish interests.. pressure start to build up. https://www.newswire.ca/news-releases/questex-announces-participation-in-previously-announced-non-brokered-private-placement-by-strategic-investors-now-raising-11-1m-892046817.html
Comment by NoMiner on Apr 13, 2021 11:04pm
Yes, another interesting announcement.  Clearly Newmont, the biggest ‘gold’fish and our biggest shareholder, still wants to maintain its position, with a little over 16% of QEX – and this has caused Skeena to now increase its percentage to a full 14% on a larger share base, up slightly from their recent 13.8% on a slightly smaller share base.  Interesting that our 2 largest shareholders ...more  
Comment by Lafajet on Apr 14, 2021 4:08am
I think many of us was expecting QEX to drill Moat (Castle) this season, obviously the flag-ship asset - highly prospective target. When they suprisingly announced a different rout, speculation started. To orientate in this kind of business is difficult, we don't see the hole game, but beside facts like drill result etc, we are looking for other signs that can draw us into some kind of ...more  
Comment by NoMiner on Apr 14, 2021 4:45pm
LF – thanks for your thoughts; I think you are pretty much on.   I too have been having trouble understanding why ‘no action’ at Castle… it just didn’t seem to make sense.  And as you say, you look around at what else is happening to try to better understand what doesn’t seem to fit.  Frankly that has been part of my role as a negotiator for the last 40+ years – but I couldn’t find ...more  
Comment by Lafajet on Apr 14, 2021 7:32pm
Good point's NM - I think you are into something important here ; maybe Newmont simply want to wait until GTT deal is closed before they make the next move. To continue my speculative thought's ; There is a chance that the buyout was known by QEX and Skeena early on, or a high possibility for it. We simply changed the plans for the upcomming season, repositioned ourself in this new ...more