Bullboard - Stock Discussion Forum Metalex Ventures Ltd V.MTX

Alternate Symbol(s): MXTLF

Metals & Mining Industrial Metals & Minerals

Metalex Ventures Ltd. is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. The Company’s principal projects are located in Quebec and northern Ontario (U2), Canada. Its overseas projects are located in South Africa, Morocco and Mali. Its projects include Wemindji James Bay Property, Kyle Lake Property, Viljoenshof Diamond Project and James Bay... see more

Add To Watchlist

TSXV:MTX - Post Discussion

Metalex Ventures Ltd > Funny Business

View:

Post by Oregonduck on Dec 20, 2024 4:30pm

Funny Business

Creative accounting at its best.

Based on the latest financials for July 31, 2024, the private Juno Corp. shares are now worth $5.70 million. Chuck sold the 62% James Bay property to Rob Cudney for $278,000 in 2020 ffor Juno shares. The investment has now "grown" to $5.70 million. If it is really worth that much, sell those damned shares back to Cudney. There is really no market for them.

The $5.70 million "equity" re-valuation is curiously just enough to cover the $5.0 million exigible deficit hole. The Co. would have gone bankrupt & be delisted by TSXV..