RE:RE:RE:RE:Interesting first 16 minutes......Currower,
I can see that Sean Boyd of EAM would want to consolidate the area by putting AZX with PRB and QMX (this is also the scenario that Kaiser is painting). AZX BoD is controlled by AEM and ES, so EO's vote is a minority vote on this board.
As far as voting power is concerned, his Founder'sGroup has ~5% which is not that significant, unless he could get more votes from large block holders. As a comparison:
- our "AZX United Group" has 52M s or 10.9%OS;
- AEM: 8% (and it bought the 14 claims, for $5M, that contains the deposit at Akasaba);
- ES: 7% (could be just below 10% if he bought more from the market) plus 33.3M wts.
Note: Sprott Capital Partners was hired to act as finacial adviser to AZX BoD.
PRB: Sokalsky has an interesting connection (Chair of PRB Board, and director of AEM).
Sprott Asset Management is one of their top investors. PRB is a 9.1% owner of QMX and is our JV partner for the 1/3 (east end) of the Cadillac Break property which include Sleepy deposit.
QMX: Sean Roosen (Osisko Gold Royalties, OR) is the key guy, since OR controls 14.2% of QMX. So if AEM wants QMX, presumably Sean Boyd will need to have chat with the other Sean. Yes, QMX has an enormous package of land (and they are doing some drilling on the east side of Triangle).
Stan Bharti: This is where I got stuck. What's his potential role in this tangled web, and what's his connection with Sean Boyd?
GH
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Currower wrote: It would seem to be Sprott and Eric Owen. Unlikely allies with different motives.Sean Boyd may have been involved also. Owen didn't want any sale especially at that sweetheart price. Sprott and Or Sean Boyd want a mining camp that comprises Alexandria Probe and Qmx. Stan Bharti and Boyd have worked together before. The only thing I'm sure of is that it's worth much more than 12 cents. GLTAL