Globex Mining- Startschuss ??? (Seite 1281)

[crystalsonic]

Antwort auf Beitrag Nr.: 46.978.130 von hansihans am 14.05.14 12:31:20

Zusammenfassung der Highlights des aktuellen MD&A Stand Q1-2014: Hierbei die Infos bzgl. der wesentlichen Neuerungen sowie ergänzend nochmals die wesentlicen Werttreiber für das Ergebnis und die Bilanzsituation von GMX - zusammenfassend - sehr stabil und gute Kostenentwicklung, erfreuliche Royaqlty Incomes, gute Drilling Campaign geplant für 2014 und das Working Capital sieht auch gut aus - Hervorhebungen durch mich erfolgt

Highlights MD&A Q1-2014:

• The Company reported a net loss and comprehensive loss of $270,818 (2013 -$310,528) for the three - month period ended March 31, 2014.

• Revenues were $302,711 (2013 - $140,522) for the three month period ended March 31, 2014 which includes net option income of Nil (2013 - $71,000) and royalty income of $302,711 (2013 - $69,522). The lower net option income reflects the significant challenges that junior mining companies currently face in arranging financing to enter option arrangements with Globex. The increase in the royalty income reflects increased zinc prices during the first quarter of 2014.

• Exploration expenditures for the quarter totalled $569,572 (2013 - $1,078,474) with $534,181 (2013 - $223,513) being spent on Quebec projects, $34,060 (2013 - $854,961) being spent on Ontario projects including the Timmins Talc Magnesite Project (“TTM”) as well as $1,331 (2013 – nil) on other projects.

• At March 31, 2014, the Company had $1,533,307 of Quebec flow-through funds to spend prior to December 31, 2014.

Details:

Exyploration Expenditures:

Eau Jaune Lake (Rale): 29% - 165.000

Eagle Mine (Joutel) : 22% - 122.000

Wood-Pandora: 10% - 57.000

Quebec projects
During the first quarter of 2014, $534,181 (2013 - $223,513) was incurred on the Quebec projects.
The current year expenditures include follow-up drilling on projects such as the Eagle Mine, Smith-Zulapa, Tavernier-Tiblemont and the Wood-Pandora properties. They also include costs for revisiting some of our more advanced projects such as the Poirier Mine, Lyndhurst Mine and Nordeau properties. The Company plans to undertake additional exploration on some of our newer acquisitions such as the Lac à L’eau Jaune, Champs Doré, Courville and Lac Ontario properties.

Outlined below are comments with respect to the projects on which the largest expenditures were incurred during this quarter:

• Eau Jaune Lake - a 14 line kilometers mag and IP survey was performed in February 2014 along the possible extension of the Monster Lake Gold corridor new acquired claims. This work follows the geophysical survey done in the southern part of the property in February 2013. A 2-hole 804 meters drill program was also completed in February 2014 testing some of the geophysical anomalies identified in the 2013 geophysical survey. Conductors were explained with the presence of sulfides and graphite in shear zones. No gold values were associated with the shear zones.

• Eagle Mine - a 2-hole 1450 meters drill program, that started in March and completed in April, is targeting a mineralized zone 100m away from Eagle Mine deposit. The first hole intersected a 4.11 gpt Au over 7.2m rich sulfide zone similar to what has been mined at the Eagle Mine. Results from the second hole are pending.

• Lyndhurst - deep stratigraphic drilling is under consideration for the Moses VMS zone and the under explored eastern sector of the property.

• Tavernier-Tiblemont – The expenditures represent follow up activities from the 2013 field work and in 2014, drilling will look to expand the recognized gold zones and test other mineralized structural targets on the property.

• Turner Falls - Studies are on going to reconcile the analytical results derived from Globex’s high grade surface assays (commonly up to several percent TREO & Y2O3 and as confirmed by detailed petrographic/microprobe analyses. and lower REE metal concentrations in drill core.

• Wood-Pandora - constitutes Globex’s highest priority gold property and is located several km west of the producing Agnico Eagle’s Lapa gold mine along the prolific Cadillac Break. During the first quarter, Osisko our current joint venture partner on this project accepted a takeover offer from Yamana and Agnico Eagle. If the takeover is completed Yamana and Agnico Eagle will become Globex’s new partners on this project.

A 4-hole drill program totaling 2,570m started in early March and was completed in April. This first phase drilling program targeted possible extensions of some of the better 2012 and 2013 gold intersections. The first hole, W14-110 returned 1.16 gpt Au over 2.00m and 1.08 gpt Au over 7.6m. Other results from this program are still pending.

Drilling targets has been identified on several projects such as Poirier Mine, Tiblemont-Tavernier and Smith-Zulapa properties. Drilling is to start after break-up when permits have been delivered and contractors have been selected. Compilation and target generations are keeping Globex geologists busy on other projects.

In particular, an extensive re-sampling and re-logging program is being planned for the 35 kilometers of core drilled over the last several years on our Nordeau Gold properties east of Val D’Or by an option partner.

Dieser Satz bedeutet die Neuinterpration der Ex-Plato Resource calculation, die Jack in einer meiner Emails angedeutet hat!!!


Timmins-Talc-Magnesite-project:

During the first quarter of 2014, Globex had limited funds available for this project and spent $32,036 mainly considering processing alternatives and planning activities for the remainder of 2014 in anticipation of securing project funding.

Early in 2014, testing of a new application for the use of magnesia was started.


Net Option Income:

During the three month period ended March 31, 2014, we received cash option payments of $30,000 and 50,000 shares with an initial fair market value on receipt of $9,750 from Integra Gold Corp which was reflected as a recovery of exploration expenditures and therefore not included in the revenues from continuing operations.

Operations:

The loss of $270,818 in the first quarter of 2014 compares to a loss of $1,231,200 in the fourth quarter of 2013. The reduction in the first quarter loss as compared to 2013 fourth quarter loss is mainly a result of a reduction in the impairment provision of $837,480.

Metal royalty income
The Company is entitled to a gross metal royalty based on the value of metal from Nyrstar’s Mid-Tennessee zinc operations. During the first quarter of 2014, the Company earned metal royalty income of $302,711 as compared to $69,522 in 2013 as a result of the higher average zinc prices.

Salary
• The decrease in salaries of $62,642 from $183,494 in the period ended March 31, 2013 to $120,852 in the period ended March 31, 2014 reflects a reduction in management compensation and increased salary charges to exploration activities.

Administration
• During the period ended March 31, 2014, the administration expenses totalled $83,819 as compared to $124,071 in the comparable period in 2013. The decrease of $40,252 mainly reflects a reduction in convention and meeting expenses as well as advertising and shareholder information expenses.

Professional fees and outside services • In the period ended March 31, 2014, professional fees and outside services totalled $75,343 as compared to $128,404 in the comparable period in 2013, representing a decrease of $53,061 with the majority of the decrease related to reductions in investor relations and other professional fees.

Management Services to CBG
In the first quarter of 2014, the company recorded a decrease in fair value of financial assets of $55,711 (March 31, 2013 - $140,499) which was offset by Management services fees. The Management services fees were $24,000 in 2014 as compared to $126,000 during the comparable quarter in 2013 as the services provided to CIM were significantly decreased.

Total assets
At March 31, 2014 the total assets were $24,327,528 which represents a decrease of $237,805 from $24,565,333 at December 31, 2013. The net change reflects a reduction in cash and cash equivalents as well as cash reserved for exploration of $577,168, a reduction in the carrying value of investments of $290,471, as well as an increase in accounts receivable of $139,259 and Mineral Properties and Deferred exploration of $449,270 along with a net increase in all other assets of $41,305.

Total liabilities
At March 31, 2014, the current liabilities were $592,390 as compared to $644,625 at December 31, 2013. The current liabilities reflects increases in accounts payables and accruals of $99,960 related to the exploration activities in Q1 of 2014, settlement of the dividend payable of $243,010 to CIM as well as a provision for withholding taxes of $90,815.

Deferred tax liabilities
The deferred tax liabilities were estimated at $4,103,273 at March 31, 2014 as compared to $3,966,050 at December 31, 2013. The increase mainly reflects the impact of the renunciation of tax benefits to subscribers under flow-through share arrangements.

Owners’ equity
Owners’ equity, consisting of Share Capital, Deficit, and Contributed Surplus – Equity settled reserve totalled $19,201,208 (December 31, 2013 - $19,468,382).

Liquidity, working capital and cash flow
At March 31, 2014, the Company had cash and cash equivalents of $144,637 (December 31, 2013 - $164,380) and cash reserved for exploration of $1,533,307 (December 31, 2013 - $2,090,732). Investments of $652,330 (December 31, 2013 - $942,801) mainly reflect shares, recorded at fair value, in optionee companies received as consideration under mining option agreements.
At March 31, 2014, the Company’s working capital (based on current assets minus current liabilities) was $2,140,123 (December 31, 2012 - $2,765,352).

The Company believes that based on the current cash and working capital position and its access to liquidity sources, it has sufficient resources readily available to meet its current exploration spending commitments and corporate and administrative requirements for the next twelve months.
Globex does not have any long-term debt or similar contractual commitments.

Outlook
Despite the publication of a positive Preliminary Economic Assessment and receipt of our mining lease on our Timmins Talc-Magnesite project, raising funds to complete a Preliminary Feasibility Study and to undertake the first phase of construction for the project is proving challenging. We have received significant interest, but have yet to raise the necessary funds.

We continue to search for an appropriate property/partner or financing vehicle to exploit our patented technology for the recovery of gold from refractory gold ores and tailings and have signed a number of confidentiality agreements with interested parties. Numerous contacts have been made, but we have so far been unable to conclude a deal, in part because potential partners do not have the needed funds.

Although challenged by the scarcity of financing which impacts other junior mining companies and therefore our option opportunities, Globex believes it is positioned with a combination of first class assets as well as the human and corporate resources necessary to achieve the strategic objectives outlined in our Corporate Focus. Our belief is supported by the financing that closed on May 5, 2014, which was oversubscribed.

We have concentrated to some degree on acquiring valuable assets that have been and continue to become available due to current difficult market conditions.

Lastly, we are actively exploring a goodly number of our assets and will be undertaking significant drill programs over the summer months.

Grüße Sonic

[hansihans]

...hast schon recht. Gerade heute wieder dick in den Schlagzeilen, negativer Zins kommt nach Europa. Für mich gibts neben meinen Gold Aktien derzeit nur zwei Anlagen, physisches Gold und Silber.

Beste Grüsse

[muenchenguru]

danke an alle Aktiven, ich bin hier eher auf der Passiven Seite, nicht nur bei Globex, sondern was Börse u. Finanzmärkte insgesamt machen.
Lug u. Trug wird immer hervorstechender u. ich glaube nicht, dass wir als Menschheit noch lange so weitermachen können, geschweige denn als bürgerlicher Rechtsstaat u. Republik u. die Reste die wir noch haben gehen täglich mehr den Bach runter.
Um diese sehr destrutkive Entwicklung überhaupt noch auszuhalten bin ich z.B. aktiv bei den Montagsdemos u. das ist dann auch der positive Ausgleich , um soviel wache u. herzliche Leute zu treffen.
Erstmal schöne Grüße
m.

[kalorex]

Antwort auf Beitrag Nr.: 46.938.792 von crystalsonic am 07.05.14 17:52:28

Zuerst mal grossen Respekt für Crystalsonic.
Dein direkter Draht zu Jack und die Bereitschaft sein Feedback hier einzustellen, machen diesen Thread auch noch interessant und nützlich, wenn man selber nicht mehr direkt bei GMX investiert ist.

Und dann zu den jetzt 40 Mio Shares: Problematisch daran ist sicher nicht die Anzahl selber, da könnte man Jack noch zustimmen. Schwierig finde ich, mit welchem Tempo sich die Anteile zuletzt verdoppelt haben. Und welchen Mehrwert in Projekten oder Projektfortschritt oder Veräusserungen der Aktionär im Gegenzug bekommen hat oder eben leider nicht bekommen hat.
Wie lange ist es her, dass W.Tell hier die Zahl von gerade etwas mehr als 20 Mio Aktien als Qualitätsmerkmal für GMX abgefeiert hat? Anderthalb Jahre?

[saltamonte]

Antwort auf Beitrag Nr.: 46.938.820 von hansihans am 07.05.14 17:55:26

short bei gmx mit diesem volumen geht man nur dann wenn man sicher weiss, dass man liefern kann. typischerweise betrifft das "sophisticated" gmx investoren im vorfeld einer finanzierungsrunde...
das sollte aber Jack nicht überraschen und ist gängige praxis. bin ziemlich sicher, dass der shortbestand bald wieder bei null sein wird (ohne dass an der börse gekauft werden muss)

[hansihans]

Mich interessiert mehr dieser letzte Passus:

Also, Globex as of the latest publication of "Short Positions" by Stockwatch now has a declared short of 455,400 shares. We have been especially surprised by the large amount of shorted shares as the short position came into being during our recent financing."

Klar macht das einer AG zu schaffen, aber ist es wirklich der richtige Weg, sich als Firma über den hohen Short-Bestand "überrascht" zu zeigen, und dies auch noch in einer News kund zu tun?

Jack muss Ergebnisse bringen.... Sage dies schon seit Jahren.

Grüsse an alle, die noch dabei sind...

[crystalsonic]

Antwort auf Beitrag Nr.: 46.938.702 von crystalsonic am 07.05.14 17:46:23

So und auf meine Mail kam auch direkt wieder die Antwort - absolut vorbildlich das Verhalten von Jack in Sachen Investor Relations das sollte nochmal betont werden, ich glaube er hat den Grundton meiner Fragen etwas negativ interpretiert aber siehe nachfolgende Antworten und man beachte den Mittelteil für den Hintergrund des PP und der Höhe hoch interessant möchte ich festhalten!!!!!!!!!!!!!!!!!!!!!!!!!!:

"Hi

First yes there is some dilution but come on, we have only 40 million shares out after over 25 years, no roll backs. Most other companies have that after a year or two. Second, the markets are crap. Many companies are going bankrupt or only able to raise enough to pay the listing fees, auditor and lawyers with nothing left over to explore. We are one of the rare juniors able to raise significant funds. BE HAPPY for that at least.

Now how will the funds be spent. Some will go toward TTM and some to Wood-Pandora. Much will be reserverd for exploration next year if everything goes as planned. We still have $1.5 million in exploration funds for this year.

One of the main reasons to raise more funds is the take over of Osisko by Yamana and Agnico Eagle. I need to be prepared in case they become more aggressive as regards exploration and/or production.

As regards other projects we are very busy. We have 14 staff (full time and consulting) who are busy as hell. You only see a fraction of what we do.

As regards Magusi/Fabie it is under option (see todays press release), Nordeau (former Plato project) we are doing a major relogging and assaying project on the 35 km of core as we think that there is potential that was not properly assessed by Plato's consultants. This alone will cost well over $100,000.
As regards Duquesne West (the Xmet property) we have 853,000 oz of gold indicated. The problem is that in the current financial environment, nobody can raise enough funds to option the property and do the work necessary. We have to wait for the markets to improve.

Watch for todays press release for a bit more information on a few projects and markets.
Jack
PS. We are getting over $80,000 per month from our zinc royalty as the zinc price is staying over 90 cents."

[crystalsonic]

Antwort auf Beitrag Nr.: 46.938.610 von crystalsonic am 07.05.14 17:39:23

2. NR betreffend Drill-Results sowie MAG Copper Vereinbarung:

Lac à l'Eau Jaune Property: Eher dünn.
Eagle Mine Property: recht passabel.

Mag Vereinbarung: Ein weiteres Jahr Aufschub insgesamt und das Payment das Ende April mit 400k fällig war ist auf vier Raten a 100k verteilt worden, Jack geht wohl davon aus, das die Projekte gerade eh nicht an den Mann gebracht werden können und wir so wenigstens etwas kriegen ... würde ich sogar aktuell mitgehen!!!

Insgesamt verstehe ich allerdings nicht, weshalb wir uns nicht nur auf Wood Pandora und TTM konzentrieren sondern hier und dort noch einzelne Löcher bohren wo doch die Zeit aktuell gerade sehr hart sind und wir uns auf einzelne Projekte fokussieren sollten. Naja Jack weiß was er tut und die PP sind ja ans Bohren gekoppelt so muss das Geld unter die Leute

"Globex Intersects 4.8m Grading 5.39 g/t Au at Eagle Mine Property
Globex Short Position 455,400 Shares

ROUYN-NORANDA, QUEBEC--(Marketwired - May 7, 2014) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) is pleased to report results from two drill programs on our Eagle Mine Property and Lac à l'Eau Jaune Property.

On the Eagle Mine Property, Globex drilled two holes EM-14-01 and EM 14-02B of 595 metre and 1,011 metre lengths respectively.

Hole EM-14-01 intersected wide zones of semi massive and heavy disseminated pyrite in the mine horizon approximately 100 metres northwest of the mine with three areas of sulphide giving significant gold assays.
Hole EM-14-01
From (m) To (m) Length (m) Gold (g/t)
347.00 349.20 2.20 2.47
352.20 359.40 7.20 4.11
Including
354.60
359.40
4.80
5.39
445.50 447.57 2.07 1.15

Hole EM-14-02B was collared approximately 120 metres southeast of hole EM-14-01 and intersected the same pyritic horizon 475 metres below and approximately 100 metres southeast of the first hole. Sulphide mineralization was heavy but not as concentrated as in the first hole. Hole EM-14-02B returned the following gold assays.
Hole EM-14-02B
From (m) To (m) Length (m) Gold (g/t)
837.00 844.00 7.00 1.00
Including
837.85
839.50
1.65
2.03

True widths are unknown as the core displayed significant flexures and folding. For planning purposes, a true width of approximately 65% is used internally.

Two drill holes LEJ-14-01 and LEJ-14-02 were drilled on the Lac à l'Eau Jaune Property to test two moderate induced polarization anomalies indicated under the south end of the lake. The drill holes are located approximately 320 metres apart in a north-south direction and were of 480m and 324m lengths respectively. Neither drill hole intersected significant gold values but hole LEJ-14-02 intersected an exhalative chert horizon with 0.49% Cu and 0.20 g/t Au. This mineralized horizon warrants additional work.

North of the area drilled, a grid covering 14 linear kilometres was blanketed by a combined magnetometer and induced polarization survey. The geology in the grid area will be mapped this summer in anticipation of a drill program next winter.

All samples were delivered to Expert Laboratories Inc., located at 127 Boulevard Industriel, Rouyn- Noranda, Quebec. The laboratory conducted all aspects of the sample preparation. Samples were dried and crushed to 90% passing a -10 mesh screen. A 300-gram subsample was taken for pulverization to a nominal 90% passing -200 mesh with the remaining crushed rejects being retained.

A 29.166-gram sub-sample of this pulp (1 assay-ton) was taken and was fused following the standard procedures used in a fire assay method. The gold content of all samples was determined using Atomic Absorption Spectroscopy (Method Code: Au FA-GEO, lower detection limit 5 ppb). Any samples found to contain greater than 1 g/t Au were subjected to a re-assay, whereby the gold content was determined using a gravimetric fire assay method.

Other News

Globex and Mag Copper Limited have agreed to split the $400,000 option payment due April 28, 2014 into four equal payments of $100,000 over the next twelve months. The initial $100,000 payment has been received. In addition, the expenditure requirements under the contract period have been adjusted to deal with the current financial environment. The total expenditure requirements of $10,250,000 has not changed but has been extended by an additional year.

Also, Globex as of the latest publication of "Short Positions" by Stockwatch now has a declared short of 455,400 shares. We have been especially surprised by the large amount of shorted shares as the short position came into being during our recent financing."

[crystalsonic]

Antwort auf Beitrag Nr.: 46.932.798 von kalorex am 07.05.14 00:42:15

So 1. NR über die Dilution sowie das dazugehörige PP über 2.5m:

"Globex Announces Closing of Private Placement for $2.5 Million

ROUYN-NORANDA, QUEBEC--(Marketwired - May 6, 2014) -

Not for distribution to U.S. news wire services, or dissemination in the United States.

Globex Mining Enterprises Inc. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) is pleased to announce that it has held a closing of a private placement by issuing 5,307,143 "flow-through" shares at a price of $0.35 per share, for gross proceeds to Globex of $1,857,500, and 1,950,000 units at a price of $0.33 per unit, for gross proceeds to Globex of $643,500. The total proceeds from the closing of the private placement are approximately $2.5 million. Each unit is comprised of one common share and one-half of a common share purchase warrant. Each full warrant gives the holder the right to purchase one additional common share for one year at a price of $0.50.

Globex issued the securities to "accredited investors" in Ontario, Québec and British Columbia. Globex will use the proceeds from the issuance of the "flow-through" shares for exploration on certain of its properties in Québec and Ontario. The net proceeds from the issuance of the units will be used for working capital.

The shares issued today are subject to a four-month "hold-period" ending on September 6, 2014 under applicable Canadian securities legislation. As a result of the closing, Globex has 40,793,755 common shares issued and outstanding.

Globex paid a fee of $122,500 to Secutor Capital Management Corporation for services rendered in relation to the financing."

[kalorex]

Und wieder 23 % Verwässerung.
Da waren es schon 40 Mio Anteile...
Autsch.
Ich hoffe für alle Geduldigen, dass sich das hier irgend wann mal auszahlt.
Aber es zehrt schon arg am Glauben.