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ALX Resources Corp V.AL.P


Primary Symbol: V.AL Alternate Symbol(s):  ALXEF

ALX Resources Corp. owns interests in a diverse portfolio of mineral properties and explores for nickel-copper-cobalt, uranium, and gold in Canada, and VMS in Scandinavia. The company executes programs using the latest technologies integrated with available historical data for maximum exploration value. Its projects include Falcon Nickel and Hook-Carter uranium in Saskatchewan, Vixen Gold in Ontario and Draco VMS in Norway


TSXV:AL - Post by User

Comment by stoneybuon Apr 09, 2021 11:37am
77 Views
Post# 32966685

RE:RE:Annon shareholders are not happy

RE:RE:Annon shareholders are not happyThere have been several comments about the activity spanning multiple projects being indicative of a lack of focus. They seem to suggest Nexus should operate only one activity at a time sequentially, or work one property at a time through to conclusion and do nothing elsewhere deswpite the fact that there would be long lag times between activities? Either method would be a minimalist approach which would result in minimized value creation and reduced news flow. I think as a project generator with multiple properties we expect to have streams of parallel exploration activities until there is compelling reason found to concentrate on a major find and accelerate it. Working at Pilot at the same time as recon at MAnzour-Dayere while drilling McKenzie and lining up Dakouli drilling as being the best potential for having multiple hits to have a sustained impact on share price through the cumulative impact of multiple hits demonstrating multiple project values. Putting projects on hold limits the potential impact. Conversely the present mode poses a threat of excessive burn rate and further dilution unless share price pops and triggers warrants coming in. Either way it is a speculative explorer/generator play that requires patience as it plays out. You either like the management philosophy and sit through the play without expecting a major pop on every NR, or you move to something that more closely matches your risk tolerance.
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