RE:RE:RE:PRB financing vs AZX attempted financingSchmoby said:
"I think David Palmer raised the money ahead of an all share merger with AZX of another potential candidate. The money will be used to drill and prove up the aquired property. My guess is David calculated that that was the dollar amount required to finish, does anyone know of any companies that recently tried to raise or required around $16m for drilling..."
Sure, palmer could try to get away with an all-share merger. It would be a calculated risk on his part that alexandria shareholders would approve it. I think most of us would much prefer and expect a cash/share buy-out at the very least. Of course, a lot would depend on alexandria's RE #s and the market's response. But, yes, an all-share buy-out is a plausible scenario.
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Schmoby said:
"Well listen if you think some of the wild fantasy share price numbers here aren't pie in the sky approaches than I guess we will have a difference of opinion on that subject. What you call disparraging I would call facts, they don't always put smiles on peoples faces but sometimes reality will do that. I guess I could be like some others here and just say what people want to hear but I don't see how that's going to get AZX any closer to .50/sh or whatever the board estimates are currently projecting here."
Yes, there have been a wide range of speculative numbers, some of them mine btw. But I think you have to cut people a bit of slack, especially when the odds are very much stacked that alexandria will be sold in whole or in part. Remember, this RE will also include many of 2017's stellar intersects.
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Schmoby said:
"RE are rarely if ever stopped midstream to "update" them, it would have to be something significant or material for that to happen and if that were the case, and it isn't, than the company would issue a news release and notify the shareholders detailing that conjecture."
I think REs would be open to updates before their release. Could be we just don't hear about them many of the times. The EO situation hasn't made the BoD and SC's job very easy. But I think alexandria has been very forthright in explaining there would be delays.
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Schmoby said:
"I said it before, when you have bad management (really bad btw) and run out of money you are at the mercy of the sharks, sad but very true, don't shoot the messenger. I do respect your opinion for the most part GH, I just don't necessarily agree with all of it."
By "bad management" you refer to EO's shenanigans I hope. Arguably EO and his band of bandits attempted to hijack alexandria for a pittance, at great expense to long-suffering shareholders. From my perspective, we have ES et al, the BoD and SC to thank for standing up for us little guys. Without their expertise and intervention, EO and his slime-balls may have had their way and gotten us at a dirt-cheap sp.
You said alexandria had run out of money. Not true. Among other things, there was that royalty sale a few weeks ago, and ES always has had the option to exercise his warrants. And if any entity has been "at the mercy of sharks" lately, arguably it's been probe. At least alexandria is trading near its 200dma, unlike probe which is much, much lower.
Got a chuckle out of your last sentence where you refer to me as GH. Maybe that was a freudian slip, in which case I feel especially complimented as I have much respect for GH. And no one says we have to agree with each other on everything, all the time. It's good to have differing opinions, as long as we respect one another.
Good talking with you, schmoby. So we'll see what happens.
goldopp