GreenandGold exposed Part II Part II pertains to his wild and inaccurate predictions about Alderon's [ADV] potential to secure a Chinese partner/investor, and wild share price predictions.....
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=ALS&t=LIST&m=29530671&l=0&pd=0&r=0
"I expect ADV to double or triple in the next 6 to 9 months."
The date of this prediction was April 5th, 2011, and the share price was $3.75.
"A Chinese steelmaker will invest $400 million or so this summer to get a significant piece of the company. I expect Altius to sell of some of its 32 million shares into the rising tide of the stock price or to the Chinese."
Once again, this was April of last year, and ADV has yet to announce a off-take agreement, a joint venture partner, or a financier with the Chinese.
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=ALS&t=LIST&m=29556895&l=0&pd=0&r=0
"Brian Dalton's currently in China. This is the third, or more, trip to China in the last calendar year. I think we'll be seeing a Chinese offtake deal for Alderon very soon."
Now it's April 11th, and either the Chinese move very slow, or someone is a little out of touch with reality.
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=ADV&t=LIST&m=30074274&l=0&pd=0&r=0
"There's been no public info about who they've met, but my understanding is that both Brian Dalton from Altius and Morabito have been on numerous, and lengthy (month-long, they say) trips to Asia in the last year. I assume they've met with every steel-maker with an interest in investing in Canadian iron ore."
It is now August and the hopes are still high.
"It takes a long time, and repeat contact, to build up enough trust to get a company to invest, say, $300 million dollars in a resource half-way around the globe."
Really?
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=ADV&t=LIST&m=30153465&l=0&pd=0&r=0
Moving into September now......
"The Chinese offtake deal will happen before ADV runs out of money........I suspect management prefers that its next fundraising be through an offtake deal with the Chinese, not through the general market. $100 million for 25% of the company, something like that."
Really? Didn't ADV just close a $40 million private placement with a non Chinese, non off-take arrangement? And I believe it was at a 21% discount to prevailing prices.
"If ADV goes into commercial production its market cap could be 20X its current size"
That's good to know, for we AXI shareholders are looking for something similar or even greater!
But I have to say, if your due diligence and predictions are this far off......then I expect greatness for Advanced Explorations the way you have been posting here.
Blessings,
Murray