Third Party Company Reports – Fri 14 Mar, 2014

John Kaiser recommends Orex Minerals

Al Korelin owns shares in Orex Minerals and Orex Minerals is a sponsor of our site.

Orex Minerals Inc (REX-V)

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Issued
64,880,299
Price
$0.29
Working Capital
$715,065
Story Type
Mineral Exploration
Diluted
78,404,791
Insiders
25.5%
As of
10/31/2013
Key People
Gary Cope (CEO), N. Ross Wilmot (CFO)
Synopsis: Orex underwent a 5:1 rollback in October 2010 prior to anouncing an agreement to acquire the Swedish non-iron projects of Northland Resources for $5-million (U.S.) in cash over two years, and $3.5-million (U.S.) worth of Orex shares to be issued over a period of four years from signing of the final agreement. Orex has also guaranteed that a minimum $3-million (U.S.) will be spent on the projects in the first two years. In addition, the company has an epithermal silver project in Mexico where it has pooled its claims with neighbor Fresnillo, with Fresnillo earning 70% in the combined ground by spending $21 million towards completing a PFS.
Edition: BF2014 Initiated: Jan 3, 2014 Buy Limit: $0.29 Gain/Loss: 0%
Initial Recommendation
New BF Buy $0.20-$0.29
Current Recommendation Status
New BF Buy $0.20-$0.29
Date Price Recommendation Action Net
Cash
Net
Stock
Gain New Status
1/3/2014 $0.23 New BF Buy $0.20-$0.29 Buy 3,448 @ $0.29 $0 3,448 -21% New BF Buy $0.20-$0.29

Recommendation Strategy as of :


Featuring:
John Kaiser
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