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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 3:58pm
146 Views
Post# 20942360

RE: RE: RE: No Flaking Allowed

RE: RE: RE: No Flaking Allowed

I agree with you with every thing; except receiving $120 mill by tomm. But I could be wrong, and I dont believe in 100%/perfect...etc B.S.

ADV is setting up all the mine schedule, and the question is why? The answer to me is: because ADV knows (aka: estimation) they will get their money from Hebei; and they will get environment approval by dead line, and ADV knows that. ADV has engineers and other companies involved in it, who can totally estimate the future based on the present ("the future depends on the present"). ADV set up all the schedule because they know everything will be approved; and there is no environmental problem; and they r good to go, and just need the approval paper. Because of that, ADV is able to estimate when the mining will go in production.

But, it does not mean if there is a 1 to 2 week delay, from receiving $120 mill will change the ADV mining project to a bad condition/situation. As a matter of effect, please feel free to talk to some one in ADV office, about receiving the money 2 weeks late ,will it make any difference/unhappy/sad/worry. And also ask is ADV out of money to continue their current simple projects, and why are they planing & signing up construction projects for 2013? These are all step by step procedure.

As reality; ADV will not spend money on everything at the same time. Project of 2014 will not start in 2013. THEREFOR, ADV DOES NOT NEED AND WILL NOT RAISE TOTAL AMOUNT OF MONEY FOR MINING RIGHT NOW. ADV will not sale shares @ current low market price to raise the money for 2014 construction.

Everything is step by step, not everything at once.     

Bullboard Posts