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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 Canadamooseon Dec 23, 2013 11:31am
514 Views
Post# 22033234

RE:RE:RE:Just some thoughts...

RE:RE:RE:Just some thoughts... Good Morning  Poster Pea Soup Fog.  How appropo a name you have. :)   What would you suggest that Alderon say.
 That they did not bribe Hebei? That they have not even one  Yahooic clueless idiot slithering around Alderon's  underbelly with a coterie of was beens on staff. :)     
   Just wondering. :)
           Alderon's hands on management seems to be outstanding and Hebei got a great deal. including a 5 percent discount on their offtake agreement. Questions have arisen about Hebei's finances.   The Chinese Government will not let a good deal be lost, as Heibei has money in Alderon and China's credibility is on the line and Alderon is their entry to the Labrador Trough.   If Heibei did default, for lack of money, and Alderon is solid as I propose, it would be picked up by another player altho again I expect the Chinese government would see that the funds are available.   It is not inconceivable that soft benefits were thrown in by an idiot but not nearly so likely any heavy bribery was involved.  Of course if Heibei has aftershocks and financial questions it will upset the Alderon stock I expect until it all shakes out.   Whatever shakes out should shake out soon because Alderon should have its Environmental approvals in order in the very near terrm.
      I think the biggest thing Alderon has going for it besides being a solid simple to understand well managed project is its role in helping China unwind the grip of the big 3 iron ore cartel.  Additonally Alderon with Chinese on the board is a great entry to Canada and an opportunity for the primitive Sino operators to learn the ways of iron ore mining in the civilized world.  
       Canada Moose
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