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Globex Mining Enterprises Inc T.GMX

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals
Alternate Symbol(s):  GLBXF

Globex Mining Enterprises Inc is an exploration company. The Company is engaged in acquisition, development and exploration of mineral properties in North America. It explores for base metals, precious metals, specialty metals and industrial minerals.
Price: $0.26 | Change: $0.00 | %Change: 0.00%
Volume: 35,000 | Day High/Low: 0.26/0.255 | 52 Week High/Low: 0.63/0.22


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RE:RE:RE:RE:MerrilLynch (39) is on board as layering MM

correction: "Also note they are _NOT_ on bid - perhaps due to heavy Anon(1) offer at .260?" TD(7) now seems in a BUY mode, taking some 12,500 from Anon(1) at the offer while also resting on the bid...read more
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RE:RE:RE:MerrilLynch (39) is on board as layering MM

Book  note presence of MerrilLynch(39) on offer side at .260, .265, .270, .275, .280. Also note they are on bid - perhaps due to heavy Anon(1) offer at .260? Today's action should be telling of...read more
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RE:RE:MerrilLynch (39) is on board as layering MM

WT, that passive two-sided participation damps out small-volume price moves and does not affect the equilibrium price of a stock. Nor can it really stimulate interest in a company's shares, except to...read more
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RE:MerrilLynch (39) is on board as layering MM

Thanks P, Is your sense that they are trying to generate volume or control the rate of rise/fall of the sp? WT  rate and reply
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MerrilLynch (39) is on board as layering MM

Puts in bids _and_ offers of 4K at every .005 level during market hours, jamming every level of the book. I have not seen them trading GMX before, but I have seen them deploy that same (passive...read more
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RE:RE:RE:RE:RE:A shift ?

When I last talked to Jack he told me that he had 3 firms interested in investing in the Mg/Talc project.  I assumed that these were investment houses but I stupidly forgot to ask how these deals...read more
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RE:RE:RE:RE:A shift ?

WT, you may be onto something - and I am wondering what kind of terms a financing for the MgO project might take. I think JS would want to ensure a good financial outcome for GMX shareholders, being...read more
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RE:RE:RE:A shift ?

My hope is that someone at Scotia got wind of a financing deal to get the commercial scale production of MgO moving so we can send our product to potential end users.  We only need $50 Million- surely...read more
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RE:RE:A shift ?

Definitely a shift - Scotia (85) buying aggressively today. We may look at the other side of .300 pretty soon. Time & Sales     Price Size ...read more
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RE:A shift ?

RBC(2)  is again buying in a heavy-handed way and TD(7) is moving up the iceberg with offers now at .260 and has started to bid at .240 and .250. When TD(7) runs out of "trading" shares this puppy...read more
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book

  rate and reply
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A shift ?

I see that RBC(2) buying aggressively had the effect of lifting the price at which TD(7) is retailing out its massive iceberg .... also some bidding by TD(7) at .235 and .230 followed the selling at...read more
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RE:RE:RE:RE:Royalty Spin-co?

Not unreasonable compensation and the fact Bill McGuinty signed on ex Queenstown who had been jv together for years with GMX makes me ponder the Queenstown sale to Osisko and now the hp moving over to...read more
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RE:RE:RE:Royalty Spin-co?

Here's the compensation table from the most recent MIC document on SEDAR. It doesn't seem out of order to me- and the salaries have been decreased dramatically in 2013.    Summary Compensation...read more
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RE:RE:Royalty Spin-co?

Can you elaborate on how  GMX management is "overpaying themselves" ?  rate and reply
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RE:Royalty Spin-co?

As long as GMX management continues to screw shareholders by way over-paying themselves nothing will happen. Notice they even enacted a poison pill to protect their entrenched position. This should be...read more
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RE:RE:RE:RE:Royalty Spin-co?

The royalty companies that I am familiar with provide CapEx support to help companies develop their project to the production stage where in turn they receive royalties on the production.  Well many...read more
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RE:RE:RE:Royalty Spin-co?

The royalty companies that I am familiar with provide CapEx support to help companies develop their project to the production stage where in turn they receive royalties on the production.  The main...read more
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RE:RE:Royalty Spin-co?

Hi WT,   From a growth perspective I happen to like the mixed model because we are still picking up properties and developing the most promising ones for when the market (eventually) turns around...read more
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RE:RE:RE:TD(7) still in distribution mode

the last private placement - announced May 6th comprised 5.3M flowthru shares at .35, and 1.95M shares at .33 plus warrants at .50. The heavy selling by TD has so far amounted to roughly 2.4M shares...read more