RE:RE:Show me where I'm wrong on these NPV assumptions? NextPhase
I agree, everyone would say the same thing,
“I just think Alexandria Minerals is so undervalued that it would be a real shame to give it away for anything near the current market valuation”
This is what Eric Owens has done to the company for years , issue more shares (dilution) then deliver gold ounces. With 480 million shares out it is hard "in this marker" to get a good valuation. AZX should have been a .25 stock but the wolves see the blood in the water so AZX will be taken advantage of. (undervalued)
It’s to bad everyone could have made good money (10 badger) on this one instead of just chump change.
Because of the number of shares out and a low share price the Bod is trying to salvage as much value out of a buyout as they can. IMO
AZX now finds it’s self caught better a rock and a hard place,,, $20 million financing @ .07 with half warrant with having 480 million shares,, no RE or PEA,, that is nuts !! That would give them over 650 million shares at the end of the day,,, what will the market value our shares be,,, .075 ?
M2
PS;
With 480 million shares out AZX should have done a 1 for 10 rollback years past, now look what is happen (a give away, salvage) we could have been drilling out a 3 million oz deposit owning 100 %. IMHO
Rollbacks to late now !