Alderon Iron Ore Corp AXXDF

RE:Economics & Project Finance = Iron projects in CDN not Ore

[ElanS2]

To all the optimists: Bal Miner is right. I was in CLM from Jan 2007. It was ahead of the wave, all the others are behind it. CLM was made to be sold. The concentrator operates fine but the mine ran out of easily accessible ore quickly and they did not even have the equipement needed to rapidly increase stripping. Richard Quesnel is and was a super salesman and communicator. He is a miner that knows the region and surrounded himself with others that know the area. Quesnel has a history of opening mines. Moribito is a promoter/lawyer from Vancouver's venture exchange, not the type of person that I trust and he doesn't communicate as well as Quesnel. I listened to Quesnel's teleconferences every 3 months right up to the end. Moribito cann't hold a candle up to Quesnel.

IOC is able to finance it's expansion from it's cash flow, no financing is needed, they can sell all they can produce and do not have to operate their mine to control the manganese (which nobody wants) in the product. Blast furnaces are more productive with some IOC ore added to the Aussi and Brasiliian stuff than with only the Aussi/Bras burden. IOC ore permits a reduction in coke. Got that from an old grey haired blast furnace operator.

Hebi is in trouble in China. The chairman that got into bed with Moribito lost his job in nov 2013 and is under investgation for corruption. SOEs have a reputation for bad investments and the new Chinese gov. is upset. Non of the above is good for ADV.
Read my previous posts and learn about the history of Wabush and manganse. ADV was doubtful from the first 43-101 ( two pages about manganese ).
I lack the courage to short ADV, and see to many negatives to invest. Do not trust any analyst that pushes a stock that his employer has an interest in. Do your own DD and go back several years.