GREY:ALXDF - Post by User
Comment by
LRGreturns4meon Dec 21, 2017 11:05am
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Post# 27205289
RE:RE:AZX News
RE:RE:AZX NewsMarine2, It is all dilution. A JV is dilution in lieu of raising and spending cash but still surrenders a portion of the asset and its upside. Alternative financing could be non dilutive, but unlikely. Sale of the asset is premature in my mind, but then again, so was the sale of Integra.
It is looking like the RE will be delayed until late Q1, likely just before PDAC. The board has a great oppoprtunity ahead and if they do a great job of managing this opportunity, shareholders will be rewarded. The changes to the board in the last 18 months look to be very strategic. Remember, there is no timeline presented and no follow up will be forthcoming unless required by law, so do not expect to hear more about their work.
200 million shares at .07 or 20 million at .70 are the same dilution. How would YOU propose AZX advance the project without raising cash through dilutive financing? I think we can stand the dilution if there are no FT shares in the PP. The FT shares kill the average retail investor.
It is looking like the timing is becoming tight, needing cash before the RE is completed. The winds of change are upon us, and with only a few days of trading left in the year, exciting times are ahead. The short term is now very favorable.
LRG