Alexandria Minerals Corp ALXDF

RE:RE:NR - financing amount increased slightly

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Hey Easycoder,

As much as I absolutely hate any type of equity dilusion, aside from providing critical financing in this difficult environment, the financing could also be strategic.  The key is the shares were not given to brokers or individual investors - they were given as clumps to significant long-term investment industry companies (Agnico and Sandstorm).  Easier to control the shares when in strong (and known) hands.  In this environment, someone is gonna to want Alexandria`s assets for next to nothing (which could result in suffering shareholders of this company - already down massively - losing almost everything).  This is a big concern of mine right now.  Lots of companies hunting right now, and they want to get these types of assets for a peanut, a peanut seed and maybe they will give you some dirt for your seed.  

In addition to exploration, management needs to focus on protecting the company from the predators.

Let`s hope Agnico and Sandstorm still believes in Alexandria`s management and also in a continued independent Alexandria Minerals.  They might be able to provide us with a bit of protection near-term.  This could be part of the logic behind the equity financing.

Agnico will have about 31 million Alexandria shares and Sandstorm will have about 20 million.

This could also be one reason why Alexandria hasn`t retired its 8.3 million shares as yet.  

In total, Agnico, Sandstorm, Alexandria, and add in some shares held by Alexandria`s managment, you get about 23% of the 275 million Alexandria issued and outstanding share count.

Hopefully that is good enough to discourage near-term predators from coming around.