Alexandria Minerals Corp ALXDF

Non core asset sale

[RYUcan]

Any opinions on this sale of assets? I believe GH did an analysis of the value of these assets.

[goldhunter11]

RYUcan, Yes, I did speculate a bit on that a while back, but don't recall the exact number. Selling non-core assets would be my preferred route, since the purchase of Murgor (EO's doing) resulted in AZX assets located all over the place. It's difficult to focus on anything. So selling of the 2 largest assets in Manitoba would be the first choice. In total they amount to about 1MozAuEq

[RYUcan]

Yes I agree, this should be there next step to sell Wim and Hudvam. They said they had something going with this already. That will be very interesting if they get this sale by the special meeting.

[LRGreturns4me]

WH offerd PRB the opportunity to "buy" the 70% earn in at Sleepy for $3.0 million. They said "No Thanks".  Also stated that the value of the Manitoba properties is about $4.5 million and they would probably take that. My big concern is what is the cost per discoverd ounce in the ground now? It is getting pretty high I believe.  I think there is a case for investors

[Shylock]

LRG - I would agree with the class action agains EO although I doubt you would see much dough out of it as I suspect his presumably many lawyers are bleeding him dry but I don't see the Board as having acted in bad faith or complicity. As far as selling any non-core properties go, no one will touch them until EO is out of the picture, the legal issues are settled, and it is business as usual.