GREY:ALXDF - Post by User
Post by
production05on Jan 11, 2016 2:36pm
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Post# 24447194
Great call Easycoder!
Great call Easycoder!Link to the NR:
https://www.marketwired.com/press-release/alexandria-minerals-announces-intention-to-conduct-a-normal-course-issuer-bid-tsx-venture-azx-2087007.htm A few months back I was expressing my opinion about the inability of management to find buyers to eliminate such a tiny amount of shares sitting on the ``ASK``. These (potentially Murgor) sellers had hijacked the share price for all of 2015. At the time, I said a ``best in class`` management team should always find a solution to such a minor problem. Five million shares at an average price of $.04 per share is only $200K. My view is that a ``best in class`` management team, with solid advanced stage assets, has to find a solution to this, even in a difficult environment.
At the time, you suggested they should use some of the Sandstorm/Agnico funding to buy back shares at the peanut prices. Great call!