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Alderon Iron Ore Corp AXXDF

Metals & Mining Steel Industrial Metals & Minerals Steel
Alderon Iron Ore Corp is a Canada based development-stage company. It is conducting iron ore evaluation activities related entirely to its Canadian properties located in western Labrador in the province of Newfoundland and Labrador. The company's operating segment is the acquisition, exploration, and evaluation of mineral resources. Its flagship project is the Kami Iron Ore project located in the Labrador Trough.


GREY:AXXDF - Post by User

Alderon Iron Ore Corp > If Alderon defaults on 3/31...
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Comment by MikPreciouson Apr 01, 2020 4:02pm
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Post# 30869742

RE:RE:RE:RE:RE:RE:If Alderon defaults on 3/31...

RE:RE:RE:RE:RE:RE:If Alderon defaults on 3/31...HBIS falls off the table, so does all the tax losses, so do all the contracts, and the first payment go to other loans before Sprott and equipment is lost.  it maybe too combersome for Sprott.  It is conceivable they may buy more time to extend after this COVID which allows them to see opportunity and allows Alderon to continue to look for another prospective buyer.  It is my intuition and hope this is the route that is taken for all the parties involved. It only makes sense out of all this nonsense. 
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