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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 jduadeon Apr 29, 2020 7:26am
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Post# 30965070

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

RE:RE:RE:RE:If Alderon defaults on 3/31...Well, that played out as expected. Kami transitions to Sprott who had the legal right to claim the property via their debt agreement. Now Alderon is left without any assets, and per the press release last night has effectively no senior leadership remaining. I have to assume that this means the equity is effectively worth around $0.01 to $0.00. What's strange is that the bid/ask looks as if the stock could be sold for around $0.075 as of 7AM...is there something I'm missing? 
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Sorry to all the longs who were holding out hope here. I've lost a chunk of change on a similar stock a while back and it definitely hurts. Expensive lessons to learn, but time heals all wounds and our mistakes make us smarter investors in the future.
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