RE:Bumpy year"I find it interesting to read a tale on this board from a non-shareholder about another company that told another fairy tale of renewed production at Keno Hill some thirty-three years ago."
Tales?
I currently hold shares, (just 5,000 now, 10,000 a month ago, but have had as many as 50,000) and most of the time have held shares except of course when the company was dissolved in 1997 and the property came under the government's control and was deemed abandoned until Alexco was formed about 2006. My first holding of AXR shares was in 2006. The original UKH ceased production in 1989. The company was reformed in early1993 as United Keno Hill Minerals with Stephen Powell as CEO. I have annual reports from 1993, 1994, and 1995 (the one I quoted from), which I received as a shareholder. UKH Minerals was dissolved in 1997.
You seem to be unaware of the company's activities during the 1990s, when it was traded on the TSE, and when I first became a shareholder. The original UKH had traded as high as 60 dollars a share (though I never owned any), and the restart of the mine led me to hope that such share price would be achieved again. There were only 7 milliion shares at that time. For the year 1993 a profit of 51 cents a share was reported, not from mining of course, but from pension plan recovery and realization of tax benefits totalling totalling over 6 million dollars.
The restart of the mine was not a 'fairy tale'; there were concrete studies, budgets, and plans, and the restart was firmly scheduled for Q4 1996. That was not 33 years ago, it was a little more than 25 years ago. There was also mention in the 1993 annual report of the 170 acres, 12 Million tons, of tailings grading at a little over 3 oz/ton, and the hope to process them.
Altogether I have been a follower of and investor/speculator in the Keno activities for many years, obviously much longer than yourself.