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Alderon Iron Ore Corp AXXDF

Alderon Iron Ore Corp is a Canada based development-stage company. It is conducting iron ore evaluation activities related entirely to its Canadian properties located in western Labrador in the province of Newfoundland and Labrador. The company's operating segment is the acquisition, exploration, and evaluation of mineral resources. Its flagship project is the Kami Iron Ore project located in the Labrador Trough.


GREY:AXXDF - Post by User

Bullboard Posts
Post by jalaspen2on Apr 18, 2018 5:01pm
216 Views
Post# 27907218

"on the odd chance someone will lend them a billion dollars"

"on the odd chance someone will lend them a billion dollars"IronMoose (any relation to CanadaMoose?) captures the dilemma Alderon (and we) face. If on the one hand, Alderon is a tabula rasa, then the factual elements that would imprint upon it are a recovering iron ore market, a green PEA, rising prices, rising premium prices,  rising demand for premium product, smart investors (at least one, Altius), 100% off-take agreements (still???), an improving management profile, (I don’t know much about Tayfun, but I bet he is a no nonsense doer, but he needs something to do!!) And that brings us to the “other hand”.  This is a good story. These mining guys can ride a story until there is nothing left, not even a mine. I hope that’s not true in this case. (I don’t believe this is a pump and dump operation). But IronMoose’s statement (on the odd chance someone will lend them a billion or so…….) just shows how  extravagant these mining guys are; It’s their stock in trade so to speak.   If they thought maybe less is more, then what solutions might that view conjure?  Joint Venture, a sale of the company, unique arrangement to mine product in concert with adjoining operations. Etc etc. Just some thoughts to unburden my frustration. But it is a good story that “mining guys” can ride longer and further without producing anything. Please note: Altius is not a “mining guy” company. They are professional business thinkers, geologists, and thoughtful strategists. They are my hope in this scenario; Alderon will get Altius to 100mm sooner rather than later,  and everybody wants that………………….
Bullboard Posts