GREY:ALXDF - Post by User
Comment by
Shylockon Aug 21, 2018 3:41pm
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Post# 28495088
RE:RE:RE:RE:Golden Drift
RE:RE:RE:RE:Golden DriftO ye of little faith -
This company is in no bigger a mess than any other junior gold. Look at the prices, man! They are ALL DOWN including the best of them because of the downwards manipulation of the price of gold.
But that is changing. Gold is turning around and by some accounts it is going to be quite the turn.
Alexandria has the added complication of just having fought off a madman whose shenanigans lowered the price moreso than would be the case just considering macro factors. But I would consider it hyperbole to class it is "more of a mess" than the others. It still has its gold in the ground, non-core assets, what I believe to be an honest board and is in transition awaiting a new management team.
I am willing to cut them a break because I believe it is unreasonable to think they can clean up the mess made by Owens in a few weeks and in this climate.
I also do not consider a sale the only option. In conversation with Walter Henry he told me that a sale was "one" of the options they would pursue if it was advantageous to shareholders. He was unequivocal in stating the company would not be given away for "a song." I believe him.
But that is not to say that with a rising price of gold the share price of Alexandria will not rise. Why would it not? Because there remain some disgruntled shareholders here on this board? Poppycock.
Everyone holding Alexandria shares must have believed in this company at one time or another. You did not buy them blindly. I did not buy them blindly and have even added to my position with the share price down here in the dumps. I would not do that unless I felt the share price was at some point going to rise but I don't expect that to be overnight.
Whether by organic growth or by sale or by a JV arrangement, Alexandria is going to see better days.
That is the way I see it. That is also presumably the way "certain third-party contractors" see it as well as they took AZX stock at 5.5 cents the share to settle a debt. This is not a company in a mess. This is a company in which what I suspect are significant third parties have a belief will prosper.
Good fortune to us all.