Alexandria Minerals Corp ALXDF

Fwiw........

[goldopportunity]

Alxdf closed at usd .06  =  cdn .0771   (boc 1.2864 close)

Alxdf closed down 7% on only 2.2K.  Sp closed outstanding up gap to usd .06.  Azx remains unchanged at cdn .075.  Slight increase in volume -- 134K changed hands.

Gold down marginally.  Ditto for hui, xau and gdxj; gdx closed flat.  Dow got a titch above its 50dma; retreated below this mark; closed up for the day.  Usd futures closed up; higher high/low.  10-yr treasury yield up a tad; outside high/low intra-day.

Bottom-line:
From Alexandria's april 9/2018 news release:
"The Company’s technical team is working with an independent Qualified Person to update the National Instrument (NI) 43-101 compliant resource estimate for the Orenada Zone 4 and Zone 2 gold deposits. This updated estimate is progressing and is expected to be completed before mid-May 2018. The new resource update will explore both the new interpretation involving multiple flat lying higher grade mineralized structures as well as potentially a bulk mining scenario. Additional time has been required to complete the new geological model which will include more geological constraints. The new resource will be more robust than the previous resource estimate and potentially may contain more depth constraints in the estimation."

Here's how I see things right at this moment:  from herein, until we get another NR or the RE itself, alexandria's sp I'm thinking could be range-bound, with possibly a bias to the upside as we progress further into the month.  This up bias could reflect anticipation of the RE #s and maybe a bit of fomo (fear of missing out).  I suspect volume will continue to be historically light on average.

As I was telling a friend of mine the other week or so, I think alexandria's BoD and the special committee (SC) have had most of the RE #s for months now.  When the BoD and SC extended the RE's release, that gave me an important clue that possibly they were close to a deal with one or more entities to buy alexandria's assets.  Thru deduction, it's not hard to figure that alexandria is really on the auction block.  For starters, there's no solid talk of a summer drill program, and the company probably doesn't have much money left in the kitty.    

I figure before all is said and done, ES will exercise his warrants and officially take control of the BoD.  Highly likely there will be no special meeting involving EO.  And most importantly, depending on the RE #s, alexandria will either be sold outright (in whole or in part) for a hefty premium OR ES may even buy a majority stake (51%) in alexandria and continue drilling, which would make the sp soar.  Remember, ES has his reputation on the line here as well.  Even this fact alone makes me sleep well at night.  Anyways, that's how I could kinda see things logically going.  What I've said here is pure speculation.....so take it with a grain of salt.   

So we'll see what happens.  Always stand your ground, folks.    Jmvho.

P.s.  Could be right, could be wrong but I continue to believe that PRB.v will figure into alexandria's future, beit thru the sale in whole or in part of alexandria OR even a merger.   I think GB&U's 7:22 pm post from last night aligned pretty much with a part of my thinking as well.


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