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Alexandria Minerals Corp ALXDF

Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over 460 claims, located in Bourlamaque, Louvincourt and Vaquelin Townships. The manitoba properties include


GREY:ALXDF - Post by User

Comment by goldhunter11on Jan 29, 2018 10:17am
195 Views
Post# 27453749

RE:Murgor Resources acquisition

RE:Murgor Resources acquisitioncypressH, True. The 2 significant properties from Murgor in Manitoba were just sitting there collecting dust. Just hope that the Special Committee set up at the end of last year, link below, would come up with some recommendations including selling of the two properties in Manitoba for cash (this is job 1 for the VP Corporate Development who did not appear to do anything). https://globenewswire.com/news-release/2017/12/20/1267313/0/en/Alexandria-Minerals-forms-Special-Committee-of-the-Board-to-Assess-Strategic-Alternatives.html Note, as usual, there is no deadline for the Committee to report back, as indicated in the announcement. Ditto for, the share consolidation, which AZX had permission from shareholders to proceed, but management decides to keep it hanging there, a typical indecisive/(secretive?) style. I would suggest, just bite the bullet, set the deadlines and stick with them. BTW, one of the glaring example was the RE estimate for Orenada. The last estimate was in 2009, what have they been doing during the last 8-9 years. Set a date for a new RE and stick by it, come h... or high water. Usually, 3 years would be long enough for an update of the RE with new drilling info, a 9 year period without an update is just too long in my book. May be management has to be reminded that drilling is not a hobby to keep someone busy, in this investing/exploration business, and management would need to apply the results quickly enough to grow the resources in a timely manner to build shareholders' wealth. After all we are in here for making some money, and charity would be a separate activity. GH ------------------
cypresshills wrote:

I wonder how much interest, if any, in the increased trading is related to the copper and zinc deposits we picked up from Murgor Resources 3 years ago. Both of these base metals are up substantially and copper is going a lot higher in the coming years. Electric vehicles take approx 3x as much copper than conventional gas and are forecast to go from under 2% of market share to 15% by 2024. Add this potential to the release of the final drill holes and the upcoming resource estimate gives this long time suffering shareholder some real hope.



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