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bsredoje

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19/12/23

13:55

Post #: 71527406
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Originally posted by Goodheart: ↑

Not necessarily will MGX need to make an aquisition . . . although as stated in the reports MGX is closely monitoring 5 juniors that MGX has a small stake of $3,000,000 in.

In older reports MGX stated they were monitoring 6 juniors . . . however MGX have never disclosed who those juniors are.

Was FEX one of those 6 juniors ? MGX is now the largest share holder in FEX with an option to substantially increase the holding.

In the FEX deal, a few months ago, MGX sold all mid west operatiins to FEX . . except Tallering Peak where MGX is currently drilling and have been drilling for some years but have never disclosed any drill results. Tallering Peak is a tennament well understood by MGX as Tallering Peak was MGX's first investment into mining, some 20 years ago.

MGX has stated they will continue to pursue a business in base metals. Tennaments surrounding our Tallering Peak tennament have recently been fruitful in exploration in base metals.

There is also Koolan South, a large tennament of several hundred square kilometres that MGX holds . . . again, no results of exploration there have ever been made public.

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IMHO MGX wants to be in the business of making money after they finished with KI, not some junior explorer with big war chest. They need acquisition.

MGX Price at posting: 54.5¢ Sentiment: Buy Disclosure: Held
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Last 25.5¢		Change -0.005(1.92%)		Mkt cap ! $303.7M

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