Company Updates From Management – Fri 24 Jan, 2014

Orex Update – Developing 3 projects

Gray Cope, CEO and President of Orex Minerals, sat with with us to provide an update on the company and what we can look forward to in 2014.

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Featuring:
Al KorelinCory FleckGary Cope
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Comments:
  1. On January 24, 2014 at 6:21 am,
    CFS says:

    Sorry Big One and Cory, Insider buying is good, but options are dilutive:

    Latest 10 SEDI filings (by transaction date) for REX within the last 6 months [?]
    Amended Filing Amended Filing
    As of 11:59pm ET January 23rd, 2014
    Filing
    Date Transaction
    Date Insider Name Ownership
    Type Securities Nature of transaction # or value acquired or disposed of Price
    Jan 23/14 Jan 22/14 Cope, Gary Gordon Indirect Ownership Common Shares 10 – Acquisition in the public market 500 $0.220
    Jan 21/14 Jan 21/14 Cope, Gary Gordon Indirect Ownership Common Shares 10 – Acquisition in the public market 883,500 $0.220
    Jan 20/14 Jan 17/14 Wilmot, Ross Direct Ownership Options 50 – Grant of options 200,000 $0.250
    Jan 20/14 Jan 17/14 Freeze, Arthur Charles Direct Ownership Options 50 – Grant of options 200,000 $0.250
    Jan 20/14 Jan 17/14 Drescher, Joseph Direct Ownership Options 50 – Grant of options 100,000 $0.250
    Jan 20/14 Jan 17/14 Sayers, Richard Direct Ownership Options 50 – Grant of options 100,000 $0.250
    Jan 20/14 Jan 17/14 Cope, Gary Gordon Direct Ownership Options 50 – Grant of options 400,000 $0.250
    Jan 17/14 Jan 17/14 Cope, Gary Gordon Indirect Ownership Common Shares 10 – Acquisition in the public market 500 $0.205
    Jan 13/14 Jan 13/14 Cope, Gary Gordon Indirect Ownership Common Shares 10 – Acquisition in the public market 1,000 $0.200
    Jan 13/14 Jan 13/14 Cope, Gary Gordon Indirect Ownership Common Shares 10 – Acquisition in the public market 249,500 $0.205

  2. On January 24, 2014 at 7:42 am,
    CFS says:

    Orex accepts the resignation of director Jukka Jokela and corporate secretary Linda Robertson, and has also ended its contract with investor relations consultant Patrice Nazareno. Orex thanks Jukka, Linda and Patrice for their service to the Company and wishes them all the best of luck in the future. Orex is also pleased to announce the appointment of Melissa Martensen as its new corporate secretary. (Marketwired – Jan. 17, 2014)
    Things that make me go hmmm?

    • On January 24, 2014 at 9:12 am,
      Big Al says:

      Thanks, Professor

  3. On January 24, 2014 at 8:07 am,
    chris says:

    Dilution of this type spells Management first shareholders a distant second in any junior, period.

    • On January 24, 2014 at 9:12 am,
      Big Al says:

      Thanks Chris

  4. On January 24, 2014 at 4:14 pm,
    CFS says:

    I had a look at their financials…….looks about $2.8 mil cash in hand as of now.