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Bullboard - Stock Discussion Forum MINFOCUS EXPLORATION CORP V.MFX

"Minfocus Exploration Corp is a Canada-based company. It is involved in industrial metals and minerals business sector. The company is focused on the advancement of a portfolio of zinc projects in British Columbia. It mines for zinc, platinum, and nickel minerals. The company’s project consists of Coral zinc project, Peregrine project, Myst Metals Nickel project, and Nipigon Reefs PGE project... see more

TSXV:MFX - Post Discussion

MINFOCUS EXPLORATION CORP > Ubique drilling results
View:
Post by TRUinTO on Oct 04, 2018 12:00pm

Ubique drilling results

Below are the drilling results for Ubique. Yup, the company that the present Minfocus management decided they did not want to enter into a RTO with.  Pretty nice drilling results.  What have MFX shareholders experienced since then?  A 7 to 1 rollback and a highly dilutive agreement to acquire a little more of the unproven Coral property.  MFX shareholders continue to get wacked

https://www.ubiqueminerals.com/blog//uncategorized/ubique-minerals-announces-high-zinc-assay-results-from-daniels-harbour-property/

Drill Hole #

Starting depth (m)

Width (m)

Assay Zn %

UM-13-18

46.55

6.05

16.00

Including

49.60

0.55

28.90

 

50.70

0.63

47.10

 

51.33

1.00

38.20

UM-14-18

48.50

10.43

8.41

Including

48.5

8.60

9.77

And

49.87

0.5

24.4

And

54.59

0.74

38.4

And

55.7

0.2

39.1

UM-15-18

51.0

3.24

7.16

Including

51.3

0.55

31.2

UM-16-18

53.73

3.74

7.30

Including

56.9

0.38

30.3

Comment by GenHandgrenade on Oct 04, 2018 2:17pm
Yikes GBC share price is down to .60 since mid September down 100% in the past month. I wonder what's happening? As far as UBQ RTO is concerned it was pretty apparent to me that they were going to screw MFX shareholders. Huge dilution then probably consolidation. We get screwed either way get use to it
Comment by TRUinTO on Oct 04, 2018 5:58pm
Yes, to being screwed either way but the difference being that if the RTO had taken place you would have ended up with a Ubique share that is trading at $0.25, had a company that successfully raised money, and actually has a recent drilling program with successul drilling results.  Now i'm stuck with as self serving MFX management that is going to struggle to raise funds without diluting ...more  
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