RE:RE:RE:AZX Hey GH -- thanks for your well thought out reply. I can always count on you to bring sanity and intelligence to the conversation. :-) Yeah, bio was just talking nonsense. Bio and schmoby are probe lap dogs, and I can understand that. Probe, after all, is a well-managed and well-financed company. DP has done one helluva an excellent job. As for ES buying into latest pp? It would seem like a no-brainer. That would be a major announcement, and boost/support sp.
It's very interesting that you mention aem. There are so many scenarios in alexandria's future. It could very well turn out that the sum of alexandria's parts are worth considerably more than its whole (pre EO fiasco). Time will tell. And yes, patience is the key.
Btw, the latest shortdata on prb.v would seem to suggest we may find out in the next several weeks (or sooner) what probe intends to do with all or part of its huge cash stockpile. Just go to shortdata.ca and key in prb. Among other things, this last 2-week reporting period shows the highest "short traded volume" by far this year. So we'll see what happens. Jmvho.
goldopp
GH said:
"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"
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