GREY:ALXDF - Post by User
Comment by
NextPhaseon Feb 20, 2018 7:40pm
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Post# 27590975
RE:Board of Directors
RE:Board of Directorsyruso,
Peter Gundy's resume should allay your fears about the competence of Alexandria's BoD. IMO, our greater risk would be if Eric Sprott guided a deal that benefitted him over other AZX investors, but from my analysis, it appears he would benefit the most from the premiums paid over the share price. IMO and since no AZX investor owns more than 10% of the company, it's going to be difficult to ram through a poor deal, especially with decent opposition from EO and at least another 5% of the company against any deal.
I get the feeling several AZX investors think we are doomed to receive a poor deal. With as many warrants as ES has, why wouldn't he try to convince someone to pay top dollar? Alexandria could be one of his best ever investments.
Following the resource estimate, it will be interesting to see how the market values Alexandria. If Orenada gets a grade over 2 g/t, then IMO, we will be much higher than a 100 million market cap. People are only thinking about the increase in overall ounces, but the bigger factor is the multiple applied to each ounce. This multiple per ounce will be determined by the strength of the economics for building a mine at Orenada. Currently, AZX's multiple per ounce is pathetic... it's like below $25.
NP
Disclosure: I own AZX, this is not financial advice, do your own DD