GMX 0.00% 22.5¢ goldminex resources limited

more of a matter of when than if., page-15

  1. 1,944 Posts.
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    I would rather they keep selling in that alleged price range to ordinary shareholders, it gives the rest of us or any new investors a chance to acquire some if wished. Without them selling on the open market, there would be next to nothing available as most everyone else is sitting on theirs.

    In any case I don't expect any movement on these for a time, certainly not until the initial drilling results are in. If negative or poor results then the company will keep moving on, with a probable small drop in price (0.08 - 0.10). If positive then of course a jump will occur. I large jump will not occur until there are positive results along with a commercial viability of minerals estimate and what they are. The big jump would come with a major AU find.

    With the area that GMX has it may be 4 months for a result or it could be 4 years, I would be totally surprised if nothing was found of viable commercial mining in such an area, however that is always the possibility. In the mean time it is the hardest of all, patience in waiting for a possible result.

 
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