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Hard to find absolute bottom, that's for sure. I'm comfortable buying today though - thinking it's here or pretty close-ish. We'll see.
Getting closer to something here...
Looks like bottom to me.
Easy to pile on when the stock is red! IGEX presents some good buying opp's with all these ups and downs... lot more left in the tank here.
When note holders sell, they sell what they have, with no concern for the price - 100% of the time.
no problem!
NEWS OUT
The Mineral Company Pte Ltd (OTCMKTS:IGEX) signs an option agreement for the acquisition of 37,000 tons of fluvial sands with a high concentration of high value minerals
Press Release | 05/19/2022
The Mineral Company Pte Ltd (OTCMKTS:IGEX) signs an option agreement for the acquisition of 37,000 tons of fluvial sands with a high concentration of high value minerals
* The deal with CODISINCA CORP has been closed for USD 10 million dollars.
*The analyzes of the prestigious firms SGS and Bureau Veritas confirmed the presence of a high concentration of Rhodium, Lithium, and Silicon, and to a lesser extent, Ruthenium, Palladium, Silver, Gold, and Thorium.
*The net profit from the commercialization of block materials after refination is estimated to reach a minimum nine-digit value.
After weeks of arduous negotiations, IGEX and the American CODISINCA CORP have reached an agreement for the acquisition of 37,000 tons of fluvial sands for ten million USD. The acquired material, which comes from Colombia, has a high concentration of minerals such as Rhodium, Lithium, and Silicon and, in lower concentrations, Ruthenium, Palladium, Silver, Gold, and Thorium, as confirmed by SGS and Bureau Veritas analyses, two of the most prestigious firms worldwide.
IGEX, on the other hand, has carried out its own study with the participation of two prestigious mineral analysts from Belgium (Europe) and China. This counter-analysis results are expected to be published before the end of June.
IGEX personnel has traveled from Europe to Florida (USA), where 7,000 tons of this material are stored. The legal team of IGEX has made the necessary documental due diligence to ensure the proper legalization of the sands and that all its documentation is in order. The IGEX team has collected random samples on which to proceed with its own counter-analysis and verification of the purity of the materials to be extracted.
The remaining 30,000 tons are stored in a seaport in northern Colombia, at the disposal of the company's interest, and ready to be shipped wherever IGEX decides.
IGEX and CODISINCA will proceed to sign in the next dates the 150-day Purchase Option Agreement, which the lawyers of both parties are amicably working on. The amount of 90 million newly issued restricted common shares of IGEX, each valued at $0.016, will be delivered to the sellers like a first payment.
The $1,530,000 at which the restricted common shares have been valued will be discounted from the final purchase price ($10 Millions) and for which financing IGEX has the support of the companys preferred shareholder. IGEX will notify the market when the agreement has been sealed with the publication of a new press release and filing the corresponding 8k.
Once the sands are refined and prepared for sale according to industry standards, IGEX estimates that the value of block minerals will reach minimum NINE DIGITS, even discounting transportation, handling, and refining costs, once the Lithium and Rhodium concentration is ratified in equivalent levels to those accredited by the seller.
At present, IGEX i) continues to be immersed in its preparation, regulation, cleaning, restructuring and fine-tuning of the company, as requested and conditioned by third parties to proceed with the planned mergers at a very advanced stage, ii) in addition to finalizing the architecture and engineering plans for the logistics plant, among other activities planned therein on its developable land located in Jumilla (Spain) already acquired by IGEX at the beginning of the current year.
https://www.otcmarkets.com/stock/IGEX/news/The%20Mineral%20Company%20Pte%20Ltd%20(OTCMKTS:IGEX)%20signs%20an%20option%20agreement%20for%20the%20acquisition%20of%2037,000%20tons%20of%20fluvial%20sands%20with%20a%20high%20concentration%20of%20high%20value%20minerals?id=358024
I'll make a new post with the PR and make it a sticky - replace the other one I have up there.
Well said - nothing but positives in that PR with a lot more coming down the pike.
50M shares traded so far today.
And yes, I think we'll see a nice EOD rally here - we'll see :)
IGEX looking good for an end of day rally IMO. We'll see!
$IGEX The Mineral Company@IGEX_Official
PR today at 4.30 pm
PR today at 4.30 pm
— $IGEX The Mineral Company (@IGEX_Official) May 19, 2022
PR 4:30pm today per IGEX.
Already written IMO. Seeing larger bids now.
Something's cooking here sircoggs - we'll get more info on what pretty soon - but right --> multiple assay results. Could be we don't hear until after the close today?
Wouldn't be shocked to see it after hours today - we shall see.
'zactly
If you see deception in a released core sampling analysis report, then have at it.
You wrote that all the information was blocked out. Which is obviously not true. It's a sampling analysis from this year, and it shows the elements that were present - ie not redacted.
Because not all of the info was blocked out. But you know that.
Silica I believe - ground quartz.
Thanks for posting that mick - looks like a 2nd core sampling analysis - just need to see where this going now.
I know of a few people who've confirmed with CC that she is still very much involved with IGEX.
Big buys at the close - brought the price right back up - with solid bid support as well. CEO has a several biz developments he can PR about - looking foward to seeing what he has to say.
Nah - IGEX has several irons in the fire - which one(s) will they pull out to show?!
but were you there when the Germans bombed Pearl Harbor?
References to "Animal House" notwithstanding - interesting way to take issue with bags of dirt (ore) near a mining operation. That's pretty much how it's supposed to look.
Huh - what I was looking at in the closing minutes were buys taking it right back up- - a few million on the bid too if I"m not mistaken.
And for those here who don't care to see Spain as the emerging epicenter for lithium mining in Europe - with large gov't grants to help things along - I give you this little write-up I just came across on Twitter (
)In this outlook, as the market sizzles due to the increasing demand for electric vehicles, other markets emerge. In Europe, one, in particular, is bound to a prime position: Spain.
— Kingdom Radios (@KingdomRadios) May 18, 2022
May 13, 2022 @IGEX_Official #EV #preciousminerals #precsiousmetals https://t.co/Psaqiezf7V
Best penny stock I've been in from a % gain standpoint was ATRN - about 10 years ago. Company had nothing going for it - nothing - and crappy share structure to boot - and it ran from under .01 to over .35 in a few months, on high volume, while there was considerable dilution taking place.
To say IGEX has more going for it than ATRN did back then would be to fantastically understate things.
In fact, anyone who's been playing OTC stocks for any period time can point to their own massive gainers... and I'd bet many of them had less going than IGEX.
I got into IGEX for the merger - and remain here for the same. Was pleasently surprised by the acquistions - which in retrospect were needed - along with the core sampling analysis - prior the merger.
As for the 3 way merger that's been teased - I'm all ears. Sounds pretty interesting, no?
And yet here we are, all spending time and interested in all things IGEX :)
Thank you for your interest in IGEX - I'm interested as well :)
Timelines have been off a bit but when you clear the air of the stink bombs, you can see Sergio's follow-through has been right on the money:
Tweets about 1st acquistion (land)... followed by 8K
Tweets about 2nd acquisition (water rights)...followed by 8K
Tweets about removal of shell status... followed by removal of shell status
Tweets about cancellation of 400 millions shares of commons... pending
Tweets about merger... pending
Seems like the update/PR could be on any # of things. Lot going on.
I've been in IGEX for awhile now - and we were hearing the same complaints and admonishments that Sergio was FOS about the acquisitions... those acquisitions were eventually 8K'd so the doubts then centered around the shell status... the shell status was eventually removed, so now the negative focus is on this next update. And so it goes.
I've been adding the past few days, expect to bank.
We shall see - some solid buys yesterday, I'll say that.
Or not.
Some here were buying the fear the past few days.
IGEX is on it's way now.