GREY:ALXDF - Post by User
Comment by
goldopportunityon May 22, 2018 9:43pm
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Post# 28067022
RE:RE:Probe metals Halted !!
RE:RE:Probe metals Halted !!Hey mgrvsazx -- yup, my sense is something is about to be released by Alexandria. Also, probe most likely has another announcement(s) to soften the "blow" of today's pp news (probably this week???). In addition, the pp and options to purchase come to just over $16M. Add this to the cash they already have on hand and you have probe with around a $30M stash. Gee, that seems to me like a helluva lot of moola "to fund exploration on probe's projects in Quebec and for working capital purposes". Furthermore, and probably most importantly and telling......why did probe do a financing near its 18-month lows??? I suspect they did it because a HUGE opportunity they couldn't resist became available and they had to jump on it. An acquisition quickly comes to mind. Why else would they do a financing at such a low price I ask rhetorically. Like mikenooks said earlier, Alexandria shareholders are standing their ground. Jmvho. goldopp