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Alexco Resource Corp. T.AXU

Alexco Resource Corp is engaged in mineral exploration, and mine development and operational activities primarily in Yukon Territory, Canada. The company explores silver, lead, zinc, and gold deposits. The firm's projects include Keno Hill Silver District, Flame and Moth, Bermingham, Lucky Queen, Bellekeno, and others.


TSX:AXU - Post by User

Comment by HardWaySixon Jun 24, 2022 1:21pm
179 Views
Post# 34780764

RE:RE:RE:RE:RE:Alexco Suspends Milling Operations, Needs Additional Funding

RE:RE:RE:RE:RE:Alexco Suspends Milling Operations, Needs Additional FundingYes not being able to supply sufficient feed to the design capacity of a mill IS a fundamental governing difficulty, it basically means no cash just expenses.  Salareis and bonuses alone should take care of what like 5m of the float.

There have also been comments that something was wrong for a long time.  Still above average trading going on with analysts revisions downward.

It appears some here always came out in force to call out anyone who said "look at the operations, logistics, burn rate and finances" all of which appear troubled since the last shutdown to preserve capital.  Now they also have their just rewards.  

Axu has effectively initiated another shutdown to preserve capital befaore the next cashin. That was also fartold. It is interesting to note that the mentioned re-startup will occur in the coldest weather on Keno Hill.  That should be interesting to see.

It is funny that some made sure that everyone was told that they got out with their capital preservation intact before telling everyone how sorry they were.
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