Alexandria Minerals Corp ALXDF

RE:RE:Fwiw.........

[goldopportunity]

Currower said:
"I'm in agreement with your hypothesis except for Probe as a suitor. There is no comparison in terms of value for ounces in the ground compared to their stock prices. That is why I own Alexandria. A consolidation of Alexandria QMX and the highly overvalued Probe by a major is much more likely. In fact I consider a consolidation of QMX (I am not a shareholder) and Alexandria  is more likely.kudos to Probe's management for promoting their company. EO despite his failings went for aggressively hunting real ounces in the ground diluting share price. QMX and Probe have the geography Alexandria has the corridor and the ounces in the ground. That is why I believe the RE and the deal will be announced concurrently and soon. Good luck to all fellow long suffering and patient Alexandria shareholders."



Hey currower  --  I agree that qmx could be a contender to buy all or part of alexandria.  However, probe beats out qmx imo when you dig deeper into the financial weeds.  For starters, according to the latest interim financial results qmx has at best only about 30% of probe's cash and equivalents.  Qmx's sp at cdn .17 doesn't have nearly the same amount of room to fall further as prb's cdn 1.19.  Plus qmx has 50% more shares out, so probe is in a much better position to increase their o/s in a stock/financing buy-out.  

No prb insiders have bought or sold stock since early dec last year.  Qmx insiders haven't bought either, but some did sell in the public market in mid jan, and many were granted options at cdn .29 in early feb.   And insiders in both companies haven't bought their respective stock at recent lows.  You have to wonder why, especially since recent gold intersects released by both companies have been pretty stellar.   But here again, I give the edge to prb as I believe its intersects were agruably more consistent.  But the question still remains, why haven't insiders bought at recent 18-month lows????

I'm in total agreement that prb's sp relative to its gold oz is still greatly over-valued when compared to alexandria.  But prb's high sp does allow a comfortable cushion for an equity/financing buy-out as i pointed out above.  Imo, prb is in a considerably much better financial position to pull off an aquisition than qmx.

Prb.v looks poised to rally during the coming week.  Initial targets would be filling the down gap to cdn 1.28 and testing the 50dma at just a tad above 1.30, followed by filling another down gap to 1.35.  Sp may or may not hit any or all of these targets.  And incidently, prb.v still needs to have multiple consecutive closes above 1.36 in order to start a legitimate longer term up move imvho.

To conclude, prb has its agm and special meeting on June 13.  I speculate that if an aquisition or something else is in the cards it will be released in the next 3 weeks.   So prb shareholders may want to keep a sharp eye on alexandria's RE which I'm expecting to be released before the end of this month.  There could be a major resetting of stock prices as a result of the RE -- not just alexandria's sp, but of companies that border alexandria.  And if an aquisition of alexandria does take place, this could result in a further resetting of stock prices.  For the reasons listed, unless you're a seasoned trader, you may want to hold off buying probe stock at least until alexandria's RE is released.

Comments above are pure speculation only, not investment advice.  You do what you want.

So we'll see what happens.  Exciting times ahead for alexandria shareholders.    Jmvho.


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