Interesting, one guy was stressing that point in some of his posts. But with all the other misinformation contained in those posts, I wasn't sure if that info was valid.
Posted by: analogdog
In reply to: None Date:3/8/2007 10:32:15 AM
Post #of 12414
all bashers should contact or visit the Globex management... then you can say you've done as much DD as we have.
Research the claims, check the historical reports by the gentleman now in the Canadian government, check for the 15 million dollar Canadian government placement in the company, check the financing through Trimax and Bear Sterns... if you can refute any of it, I'd like to know...you'll be saving me a ton of money. Til then.. leave well enough alone.
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Posted by: analogdog
In reply to: None Date:3/15/2007 10:34:55 AM
Post #of 12414
Can you believe this thing is getting better and better? Financing (non-dilutive) is MAJOR. Klon will be posting an explanation and I'll discuss it til we are all clear. Meetings with Canadian Government going on today. Geo reports actually done by geologists within Canadian government (I think we get our 43-101 status!)
Press kits and analyst reports out to major investors today.
Revenues sooner than y'all think... uplisting and PROFIT coming....
Talk to you later... back to work. I'm so happy to be here right now... walk it down all you want... scratch in my account later today... need more! LOL
All just my humble opinion with a boatload of DD.
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Posted by: analogdog
In reply to: blackstns who wrote msg# 7218 Date:3/15/2007 4:58:19 PM
Post #of 12414
Not pretty much... but smack dead on. I (and others) have corroberated all info and it has proven to come to fruition. We have been warning all that this company has been working on this since April of last year. Original reports were dated in October of 2006.
Canadian government aiding the company as much as possible.
Nearly unlimited, non-dillutive financing in place, with digging imminent.
JV's on board for digging, hauling, and crushing. (Where do you think the finance money is going? Likely right back into our pockets.)
Uplisting commencing ASAP via SB-2. (Check out URME they did it January 2006 via the same method). Share price at $7.51, and they have 3 times the float, just got 1 core sample, have no financing, and don't anticipate digging until 2009 (see their website)
Cusip change imminent.
Transfer agent change in place.
This is 3 levels at which the MM's and brokers must account for the sold shares.
You know what this means right?
These prices are a steal and won't last long. The writing has been on the wall since any of us got into this stock.
My opinion only ... after exhaustive daily DD for the last 2 months... and look where we have come!
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Posted by: analogdog
In reply to: december who wrote msg# 7253 Date:3/15/2007 8:39:44 PM
Post #of 12414
With the proven reserve value of $98,000,000 by NH43-101 Canadian government geologists, Trimax Capital brokered a deal with New York financiers (Nomura, Pali Capital, Dresdner Bank, JJ Wall, and Bear Stearns). The proven assets (NH43-101 uranium claims) have been used as collateral for a Line of Credit. This credit will be issued as structured notes. At 35% of the assets, 34 million dollars could be drawn in a structured note to generate 12 million in income alone. Even if Trimax and the financiers get 40% of these proceeds (very high)... GLXI would have 7 million dollars of working capital to get phase one of the uranium out of the ground, without selling off assets or giving away stock/dilution. With this move, we may be able to generate enough capital to go after the rest of the claims ourselves. Would be much easier with JV's busting hump to get this first chunk of uranium out of the ground. But, then again, I'm getting ahead of myself......
this is the DD as I understand it...
Remember, this is a very small portion of the claims... they used a special method of surface magnetic resonance to find the most uranium in the most shallow ground as possible. They avoided the ones that would take longer to get at. They got financing on a large reserve that can be strip mined from the surface. This is just the beginning IMO.
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