Alexandria Minerals Corp ALXDF

RE:Share Price.

[NextPhase]

yruso22,

Despite my bullish sentiment, it would be stupid to ignore the legitimate risks that warrant more bearish perspectives on AZX. Yes, I can see many positive catalysts, which many of these are mentioned in your post, but other reasons exist that can explain Alexandria Mineral's depressed share price.

• A huge amount of uncertainty exists with AZX, which makes many people uncomfortable. This uncertainty includes the BoD fight, legal risk on EO's stupidity, hostile takeover risk, etc.
• Low insider ownership makes some people question management's motives
• Many aspects of AZX could be done better, investor relations, website, etc.
• Some concerns might exist about what happened with the Integra/ELD deal, which hurt many investors. It makes the value proposition from a takeover less straightforward.
• I believe many investors see a rollback in the near future, and they refuse to jump in front of it under any circumstance.
• Many investors see a high share count as a deal breaker. (Personally, I think they are wrong on this... a high share count as a red flag, but not necessarily a deal breaker)
• ES has a lot of warrants around the 0.09 level, which can act as an overhang around this level
• AZX has a history of underdelivering on modest expectations, and the market is not giving the company the benefit of the doubt.
• AZX is a slow driller that wastes too much money on non-drilling activities.
• The financing gets cringy.
• IMO, the market is waiting for the actual RE to alter their view on AZX's valuation
• The recent run-up from 0.05 to 0.10 at the end of 2017 was solely based on the higher probability of a near-term exit strategy, which shows high skepticism remains on everything else.
• People who bought AZX at 0.2-0.4 have seen a decent profit, and they may feel the need to lock-in gains.

These are most of the reasons I can think of on why some investors think AZX is legitimately priced at this low level. Personally, I think they are wrong overall, but these are legitimate reasons why some people are bearish on Alexandria Minerals.

GLTA,
NP