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Bullboard - Stock Discussion Forum 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 Discussion

Alexco Resource Corp. > Bought here!!!
View:
Post by Bigredlark12345 on Jun 24, 2022 12:39pm

Bought here!!!

I took a small position of 2k shares at .4025 usd.Yes they will have to do a capital raise.But it won't be for much they still have 14 million in cash.Also the last time the Silver COT report was at this point.Silver went fronm $14 an ounce to $30.To me not producing at $21.75 for 6 months might be a good thing.I would much rather produce at $30.Sell off way,way oversold.It's trading like a exploration stock....
Comment by roberto146 on Jun 24, 2022 1:30pm
the last time the Silver COT report was at this point Good note on the COTs; commercials and specs positions probably haven't been this low since May 2020. Even a similar but not so severe shrinking of positions last October took silver from Daddy and mommy Wheaton to the money rescue, for some more sweeteners? They've been really patient and understanding for the last 8 years. Also a ...more  
Comment by halfaslap on Jun 24, 2022 1:34pm
geez, another scam. 
Comment by Looking4Doubles on Jun 24, 2022 4:50pm
They also still have a $29 million line of credit and revenue coming from their May production, as well as options in Canada for offering tax advantaged stock.  They also could offer stock to employees at a discount or in lieu of some of their salary.  Bottom line:  I agree that the manipulated drop does not match up with reality. Starting to wonder if someone is trying to buy them ...more  
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