Alexandria Minerals Corp ALXDF

RE:RE:RE:RE:RE:RE:RE:RE:Fwiw.......

[LRGreturns4me]

Hi Goldenrainbows1,
I don't think they can get the sp much lower without a crash in the POG.
So, fully diluted, Eric Sprott, Sprott PW clients and Eric Owens will control about 33% of o/s.

it it is a given that ES recognized azx as undervalued back in Q4 '16

Here is a possible strategy:
Join the PW clients in a PP and take down some FT shares for a tax break and a true basis of about 3.5 cents, get your guy on the board.
Add $2 million when your man is appointed chairman (reinforce long position to FT shareholders)
AZX now has enough cash to drill and update RE plus early '18 drilling
$5+ million in warrants available to avoid a PP after RE is release

After warrants Spott and SPW would control +/- 27% of o/s (provided PW clients hold long and exercise warrants).  This voting block along with management would block any hostile bid. It would also allow ES to gain a nice position in the eventual acquirer, (possibly a target of his is in line). If an AZX acquisition resulted in AZX shareholders holding 10% of the acquirer, ES would pick up about 1.25% of the said acquirer.

There are are a few people in the "smart money" category I consider worth paying attention to. Sprott and his people are smart, well researched and thorough. Yes, I recognize that ES has many $2.5 million investments, and for azx; he strategically aligned with PW clients and management, which by nature is really good for the retail guy like me.

What $/oz valuation do you give to 1.5+ million ounces above 250m? $75 oz = $97.5mm. Where will the MC move to after the updated RE?

There is a lot of time between now and then and assays will be coming regularly for the rest of the year. Each NR will bring a little more information to build an estimate on. There is really no reason to sell here. The more they drill the better it will get.

Looking forward to more assays....
LRG