Shylock Returns! Very warm greetings, all!
First, kindly pardon my absence of late. I assure you it was not my doing. Somewhere in all the new changes made by SH my original account developed a glitch and I could not post. Contacting them numerous times to inquire and repair proved useless as they either did not reply or kept telling me my account was able to be posted to but it was not except for a few days, then down again, never to be fixed.
Hence, I have had to open a new account under the above moniker.
Despite my absence on the board it has been with fascination and great excitement that I have been watching the progress of our little gem here against the backdrop of a rising gold price. Yes, things are moving right along, if tediously.
However, I am convinced that Walter Henry and his team are doing all they can to snatch victory out of the jaws of defeat courtesy of a certain individual acting in his own interest and with nil but disdain for shareholders.
So we are up to 7 cents which is a whole lot better than 3 cents. However, anyone following the Alexandria Minerals story knows we own shares worth far more than that. And I don't care how many shares are out there. What I care about is how much GOLD is in Alexandria's properties.
The company has already proven up gold in the millions of ounces and I have a gut feeling there is alot more gold in their properties. It is simply waiting to be proved up. I also think I am not the only person to think that, that there are some very savvy larger and major producers who think (or even know) it also.
Thus, we await a richer offer than thus far has been tendered. is it possible one asks rhetorically? Of course, it is. It is even probable. It would seem a logical choice would be Agnico-Eagle going after the "low-hanging fruit" wherein exploration of the Alexandria properties would prove a whole lot easier and cheaper than their ministrations in Nunavut.
And of course there is Chantrell and Osisko, O3, if you like. But what about Probe Metals, Eldorado? Both need Alexandria's gold and the friendly and highly prospective area in which it resides. N'est ce-pas?
So, this remains a waiting game. Surely, we all feel we have waited enough but I would point out that perception has been strengthened by the difficulties the company has encountered and not of its own making, either. Hence, what in reality has been a few months seems like a few years. Nevertheless, there was a time when many thought all would be lost. But just as that has turned out to be false, it is also possible in this era of stiffly rising gold, a bid wil come either from one of the known players or totally out of the blue and be substantially higher.
That would be wonderful!
Nevertheless, I personally believe and I know many, many other shareholders join me here in perceiving and appreciating the excellent job and yeoman's work Walter Henry and the Board have done thus far in getting us to this stage. We should be a lot higher in our share price but that is not their fault. The one who contributed to that "feast of despair" should be ashamed of himself.
We await the meeting towards July's end but I highly suspect another offer will be tendered in the meantime. And it will be most interesting to see how O3 trades. Here is hoping it opens on a very "up" day for gold! I know the general consensus is that it will not maintain $3.88 but if gold cooperates, we may well be surprised to the upside. I don't wish to give false hope but the presence of Osisko is not a small factor, nor is the already established gold deposit of Alexandria Minerals should AZX remain in the pot.
Let me close with a portion of a message sent by Chris Powell of GATA which should quicken everyone's pulse, "At King World News tonight, Swiss gold fund manager Egon von Greyerz writes that adjusted for inflation the gold price high in 1980 would be more than $18,000 today. That gold has not come close to keeping up with inflation since then is both the powerful disparagement of gold and evidence of gold price suppression via the government-inspired and underwritten creation of a vast imaginary derivative supply, about which no one in mainstream financial journalism and even the gold mining industry itself dares to ask . . . "
The best of fortune and peace to all long-suffering Alexandria Minerals shareholders of good faith. We have not long to wait now before this saga is resolved and I believe the end result will be much more good than not.