RE:RE:RE:Who believes there is a lot more gold to the west?goldopp -
Your advice to "just be patient" is the exactly best advice anyone could give.
You are quite correct, we are sitting on a literal mountain of gold which, granted, has indeed been underexplored. This, of course, makes it an exciting prospect and with companies mining gold literally all around it, the outcome, a positive outcome, is a virtual given.
For the moment, we have been temporarily partially derailed and I am putting the blame for this squarely on EO. The company was going along nicely, the price base was at or about eleven cents and rising in momentum, and then he loses it. To use a nautical analogy it was his hand on the tiller of the "Good Ship Alexandria" and he failed . . . and miserably at that. If you are going to take hold of the tiller, make sure to keep your hand upon it or the ship will surely veer off course. I am surprised there has not been more vitriol expressed by posters pertaining to the damage EO has done.
But be that as it may, "tough times do not last, tough people do." We must all take your sensible advice, goldopp, and hang in there. I agree that existing management almost certainly is advanced in negotiations for the disposition of the company on as favorable terms as possible and if we are fortunate enough to be blessed by an exceptional or even excellent RE, we may be in for a pleasing surprise to the upside. Although there is always the possibility of the converse of this scenario, a mediocre RE, I do not think that will be the case. I do feel EO's shenanigans have cost us money, scared off shareholders and slowed the company's progress and planning in warding off his presumed attacks in his vain attempt to justify his shameful behaviour.
You are absolutely correct also in that the share price is not only low, it is ludicrously low. It values an ounce of gold in the ground at something less I believe than $30.00. This is lower than all its peers.
It would behoove us to remember the words and actions of two of history's great speculators, Livermore and Buffett. What did they have in common? They both bought stocks of businesses they understood and they bought them when no one else wanted them, viz,, stocks demonstrating extremely good value for the price. Now I ask you, where is one going to find an ounce of gold for a lousy thirty bucks except in Alexandria's treasure trove?
Thus, we must keep our eyes on the prize, as they say. Better days are coming. I personally think we have held up pretty well given the EO affair and today's gold price smackdown courtesy of the cartel, but nothing changes the gold Alexandria has in the ground for the mining.
Again, thanks all for reading and may Lady Luck smile favorably upon Alexandria and upon us her shareholders.