RE:RE:AZX goldopp,
bio was hoping that AZX would just wait for a 0.02 offer and jump at the opportunity to accept this "generous" offer from PRB. Just take a quick look around a find the two silver-back gorillas in AZX corner. One is AEM Sean Boyd, the other one is billionaire Eric Sprott. Sean is fully committed to develop Akasaba West Area (the 14 claims) into a small production mine (and he would want to expand it, i.e. increase the production and extent the LoM). He's not about to let anyone steal AZX for 0.02. AEM initial investment was at $0.20/s. Similarly, ES is not in the habit of spending $2M @ 0.06. It just mind boggling to dream up a scenario where he would accept 0.02 and walk away with a whopping loss. Not a chance! Note that he still has 33Mwts @0.09, and he would want to make money out of those as well. He can wait for the SP to recover then cash in when there is an opportunity.
PRB is currently protected by G (yup, that is another silver-back gorilla) and G has a good grip on PRB at 13.7%OS, and G has elected to maintain this level of holding by participating in the last PP where PRB was raising over $24M which was led by Sprott Capital Partners. Details are sketchy on who were participated in this PP, with the exception of G as mentioned before. PRB listed Sprott Asset Management as one of the major shareholders in the Corp Presentation (April 2018), but the % was not known. It would be interesting to find out if Eric Sprott participated in the last PP and became one of the major shareholder. Can someone find out?
It quite possible that the whole deal, merging of the juniors (there are more than 2) in the Val d'Or area, is being orchestrated by those silver-back gorillas.
We could speculate until the cow comes home, but be patient, the Universe will unfold as it should. But whatever the outcome, it won't be 0.02. It would be a lot more complicated than a simple sale for cash.
GH
------------------------
goldopportunity wrote: Hey BTG1 -- if I were you, I'd be more concerned about probe's sp. Consider:
1. prb.v has tough resistance at cdn 1.36 -- need to see multiple decisive closes above this level
2. so far in this new up cycle prb's sp has been unable to even touch the 200dma (1.37)
3. huge down gap in prb.v this am -- sp now below 50dma
4. sp has an up gap to 1.14 that may or may not have to be filled at some point
Imo, up moves this week in prb.v have been manipulated by unusually large best bids that have mostly been within a penny of the best ask. Ditto on the otc where there were actually several instances where the spead between the bb/ba was an astounding .0001. Wow! All this points to a big red flag in the st from my perspective. My guess would be the pros goosed the bid #s earlier in the week so to lure unsuspecting new money to buy the shares the pros themselves were actually selling. But we'll see what happens when this morning's down gap gets eventually filled.
I had to laugh at your pathetic bid for azx. Alexandria is a lot more valuable than its current valuation would suggestion. We still have lots of gold in the ground: 1.4Moz M&I and 939Koz Inferred. I believe those are better gold #s than probe has presently.
So let's move back to probe. I estimate your treasury has upwards to $55M+/-. That's more than enough money to drill for a decade or so. But I don't think that why the very smart DP successfully raised so much money. Logically, he's most likely got an aquisition in mind. It's already been established that probe and alexandria had reached a tentative deal about 6 months ago. And then alexandria had the EO (eric owens) fiasco, which temporarily pit the kibosh on probe and alexandria consummating their buy-out deal. But I suspect the take-over talks have continued, and I would put the odds at greater than 50/50 that probe and alexandria have a deal in the works. They're just waiting for the official finalization of the vote to kick EO to the curb (expected July 24 at the latest).
In the meantime, I would think probe shareholders are going to start getting antsy about where and how DP is going to spend all those millions in the treasury. I mean, if indeed an aquisition is in the cards, then I would think there may be a need to borrow money, either through a bank financing, issuing more shares, etc. After all, probe still has a lot of drilling to do as well, which is pretty expensive on its own. So you see, there is a very real concern for people like you and schmoby, who disparage alexandria at every opportunity, to maybe just turn your eyes to your own probe stock.
So we'll see what happens. Glta. Jmvho.
goldopp