Welcome To The Sedex Mining Corp HUB On AGORACOM
Part of the Hughes Group - gold, silver, copper, nickel, zinc.
Message: Where Sedex is today:
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In response to my email query about what is happening with Sedex I received the following reply:
Thanks for taking the time to contact us. Sedex Mining is a company in transition; the past three years of market recession have created challenges for the company, as it has for many of the Junior Exploration Companies. At this time we find ourselves with a share price that does not allow the company to raise exploration funds (as .05 is the lowest level at which a company can do a Private Placement). We cannot raise the funds to explore and by extension we cannot move the share price through exploration results.
Thanks for taking the time to contact us. Sedex Mining is a company in transition; the past three years of market recession have created challenges for the company, as it has for many of the Junior Exploration Companies. At this time we find ourselves with a share price that does not allow the company to raise exploration funds (as .05 is the lowest level at which a company can do a Private Placement). We cannot raise the funds to explore and by extension we cannot move the share price through exploration results.
Our focus at this time is on Joint Venture (JV) opportunities. Sedex is Joint Ventured on several highly prospective properties where the JV partner is responsible for spending money on the property and is currently looking for JV partners for their most prospective wholly owned properties. At this time the current JV partners are not in an exploration phase on our properties however plans are in place for drill programs and we will inform our shareholders when these get underway.
We are also looking for a share price increase as a result of the upward trend for the Canadian Mining Juniors and an upward trend for the Hughes Exploration Group. Two of the companies in our group are experiencing high volumes and notable share price increases recently and we are optimistic that this success will have a positive impact on the entire Hughes Group.
Offsetting these challenges is the fact that they are what have put the share price at a place where you can purchase a good position without risking a lot of capital.
Best regards and good luck in the markets,
Kevin Hull
Investor Relations
Hughes Exploration Group
#711 - 675 West Hastings Street
Vancouver, B.C. V6B 1N2
Telephone:604-685-2222
Facsimile: 604-685-3764
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