GREY:ALXDF - Post by User
Comment by
biotechguy1on Apr 29, 2018 4:46pm
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Post# 27956216
RE:RE:RE:The neighbor I like best...........
RE:RE:RE:The neighbor I like best...........PRB will be fine on the first 4 points....I think Dave P is patient enough to Research, Drill Cadillac Break....got about 14 km....no worries....if it's there Dave P will find it.
Could be May 2019 before preliminary drilling results show up anything....and then they will need a strategy to prove up a resource about 7 million in spend.
So I think this could draw out a bit 1.5 years +...and strangle AZX...a little. ( I own both PAB and AZX shares )
As for point 5. I think the board and insiders might be on black-out & unable to buy shares since they consistently have cores at the Lab ! This is typical of aggressive juniors...always lots of drill cores. To avoid the appearance of insider knowledge...black-out is done.
I know when PRB bought AGE....the blackout period was 28 days and you could buy all the AGE @ 0.275 - 0.31 per share....but if you tried to buy PRB the shares would rise and stay out of reach. In fact you could buy 2-3 million AGE shares...under 0.32!!!
In fact the ratio was 3 to 1 AGE for PRB fixed @ 0.30 AGE and 0.90 PRB.
It all worked out well if you were apying attention.
GLTA