GREY:ALXDF - Post by User
Post by
PizzamanforAuon Nov 17, 2017 2:43pm
154 Views
Post# 26985931
Just Curious If Anyone Can Answer This Question?
Just Curious If Anyone Can Answer This Question?If the goal of Alexandria, a Junior Mining EXPLORER is to locate gold and report it back to the market theoretically the stock price will go up when they find gold. The SP has not budged and most are calling for a rollback because of the number of outstanding shares. The stock price is severely underpriced, thus it makes no sense whatsoever to do a rollback if the goal is to be acquired for the value of what you have found in the ground. I am a novice in gold mining stocks but it sounds as though if the rollback were to take place, the new stock price (post rollback) will go down in price, which would value my original investment even further. Here's the question I have...Would Management of Alexandria actually go through the trouble of executing the rollback if it were to negatively affect its shareholders if their sole intentions were to discover gold and be acquired by another company? Thanks in advance for any insight anyone has to offer.
Pizza