RE:RE:RE:RE:RE:RE:RE:Summary of phone call with Phil BerthelotGoldopp,
It was not me who said a revised RE would be released before 24 July. It was reported by Newrookie from his phone conversation with the VP Exploration Philippe B. that the latest RE on Orenda (the one that we've all seen) will be
filed (my interpretation) with SEDAR (the company has 45 days after the NR to finalize and file the RE in the form of an NI-43-101 Report). Nothing new on assays or RE will be expected before the Special Meeting.
After the Special Meeting (assuming that we have EO replaced by the new BoD member) we woud probably see a small PP in the range $5-10M to shore up AZX Treasury. Then management can start sending some cores that have not been assayed to the Lab, and preparing some in-fill drilling at Orenda for a revised RE . In-fill drilling should not be costly, and our current VP Exploration should be able to handle the task. This could perhaps be done in a few months.
I indicated previously that Philippe B. seems like a competent person, perhaps he should be appointed at least Acting President (if not Interim President) to run the day-to-day operation while the BoD looks at the list of potential candidates for new President/CEO. Of course the BoD would provide the general direction for this ship during the interim.
GH
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goldopportunity wrote: Hey GH -- tks for your reply. Your rationale makes sense, especially "if this hostile act will create a bidding war." I beleve it was you who mentioned a few days ago that revised gold assay #s and/or RE #s may be released before the july 24th meeting. I'm speculating that this could possibly be a tipping point for some entity to go "rogue" and make a buy-out offer. After all, as you've so aptly pointed out, relative to gold in the ground, alexandria is dirt cheap (pun intended).
As for probe being "allowed" to merge with alexandria with the blessing of AEM and ES. Entirely possible, and an option that I would vote for, but not for a straight paper exchange. I'd want either all cash or maybe up to a max 50 cash/50 paper. But we'll see.
Another week to go, and then EO will be out. But you never know, EO might go rogue (again!) and try to pull a fast one by offering pittence for the whole company. If this were to happen, then I'd speculate the gloves would come off and we'd get that bidding war. Great for us shareholders. So we'll see what happens. Jmvho.
goldopp