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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
Post by RBCHY7on Apr 04, 2013 3:26pm
549 Views
Post# 21212209

$1.4 billion needed

$1.4 billion needed

Hebei provided just a small amount required for 60% of the production.  Dilution will not be kind at these levels...ADV will prob need to raise $600million via stock dilution.  Hard to imagine many banks lining up to lend money.  Everybody says ADV has great management - they will be put to the test later this year.   I look forward to watching this one play out. 

Bullboard Posts