Alexandria Minerals Corp ALXDF

RE:RE:Management

[goldhunter11]

Lucky
There are other reasons to get scared, e.g. management skills, debt load, not enough cash to keep the lights on, etc. Yup, 500M shares are a lot of shares, but if you look next door, ICG has about the same number of shares, but ICG SP is about 10x that of AZX. Hence the Mkt Cap is about 10x that of AZX as well.

As indicated in my recent post on a potential merger between PRB and AZX, the number of shares is not that relevant  in the exercise. It boils down to the Market Caps of both companies. The FD shares will be sorted out in the end in the exchange formula, e.g. 18/1 as shown in the example for the potential merging between PRB and AZX.

It would be excellent if we could be in a TO of AZX with an offer of 10x (so some of us could become instant millionaires), but I don't see that possibility during the next year or so with the rate of progress we have seen so far.

In a merger option, there would be an initial 30-40% premium for the conversion from AZX to PRB (assuming that PRB is the potential suitor) and AZX shareholders would ride on PRB coat tails for the next jump in PRB SP when some major decides to gobble up all or part of PRB (just like when G bought the Borden gold deposit from PRB for $526M).

Rule of the sea: Big fish eats little fish.
Happy New Year
GH