Post by
WWTLDS on Jan 14, 2019 10:26pm
XIM and GGX... One man's perspective
here's a likely scenario... GGX dissent make the last and final payment to XIMEN spring. Instead, XIMEN retains a 25-30%interest in the property in exchange for cash to support future drilling. XIMEN and GGX remain partners in the property. At some point GGX is folded back into XIMEN to increase the overall purchase price in the event of a major player interest in the property. In that scenario... It benefits the management group to ensure GGX stays below the value of XIM. This would explain why XIM still claims 100% ownership and has been promoting XIM first and GGX secondarily. Likely... The European investors knew beforehand that the XIM was the correct play. The next few weeks will be very interesting as smart money figures out exactly where the true value is. My prediction... One day in the near future GGX has a higher pps than XIMEN and management may have to restructure their initial plan. Mark this post and review in May please.