LexCorps buys Alderhttps://www.lexcorporation.org/
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NEW BUY- I took a position today in Alder Resources-ALR.v -The stock is down a lot from its highs. This news release is why the stock is trading at it's current price:
"The Company has received assay results from five (5) drill holes drilledat its La Montanita property, being MO-10-01 to MO-10-04 and MO-10-07which indicated results from five samples within the range of 0.1 to 0.3g/t Au and one sample at 2.5 g/t Au. While the assay results indicate no significant gold mineralization at this point, the Company is awaiting results of the remaining samples and will report as soon as they are received."
Moreresults are pending,..if they are bad I don't see much more down sidefrom here. On Jan 27th they did announce they hired a new VP ofExploration. In this news releas the company also announced an increasein land position:
"The Company also announces that it has entered into a non-binding letter agreement with a private party to acquire an 80% interest in certain claims comprising approximately 2,900 hectares located in the Antioquia area of Colombia. The asset is located approximately 32 kilometres from Medellin and already has internal roads to facilitate exploration logistics. Rene Bharti, President and CEO of the Company states,"We believe this strategic acquisition of approximately 2,900 hectaresof land in a highly prospective gold region will greatly complement ourexisting land package in Colombia."
Alder Resources Website: https://www.alderltd.ca/
The Ceo -Rene Bharti is related to Stan Bharti. Stan Bharti is the CEO of Forbes and Manhattan-Private Merchant Bank: https://forbesmanhattan.com/Team/default.aspx
I highly recommend looking at Forbes and Manhattan's Portfolio. Some of the companies in their portfolio I personally own shares of, and they are mentioned on my site.
Portfolio:https://forbesmanhattan.com/Portfolio/FM-Group-at-a-Glance/default.aspx
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