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Alderon Iron Ore Corp AXXDF

Alderon Iron Ore Corp is a Canada based development-stage company. It is conducting iron ore evaluation activities related entirely to its Canadian properties located in western Labrador in the province of Newfoundland and Labrador. The company's operating segment is the acquisition, exploration, and evaluation of mineral resources. Its flagship project is the Kami Iron Ore project located in the Labrador Trough.


GREY:AXXDF - Post by User

Bullboard Posts
Comment by SuperBrownManon Feb 05, 2013 11:45am
118 Views
Post# 20940429

RE: RE: HVAN / MFC?

RE: RE: HVAN / MFC?

There is a high possibility of delay getting the money by Feb-6th. Following are the facts:

1) Chinese New Year; and ADV is not in a hurry to push Hebei to provide $120 mill right away/immediately. From my point of view, ADV will give time and will be patient/wait to receive money from Hebei @ their comfortable/convenience time. After all Hebei's plan with ADV is for long term, not just short term. Also Hebei is providing long term funding, and helping ADV to get into production.

DO NOT FORGET, ADV MADE IT THIS FAR WITH THE HELP OF HEBEI.

For the long term:

2) Hebei will take or will need extra time to to go through the details info. & calculates/estimations and etc, b 4 investing/giving total of ~$400 mill.

3) Hebei will help ADV to get investment money from Chinese Banks/Investment, and that is tough and takes time.

ADV IS NOT IN HURRY TO GET THE MONEY RIGHT AWAY; AND HAVE TO WAIT FOR ENVIRONMENT APPROVAL, AROUND OCT-2013.

Bullboard Posts