RE:Next Obstacle ?cfaer,
you said: "As well, no offer should be put forward without releasing the revised resource estimate."
True, as indicated in Newrookie's report of his phone call with Phil B, VP Exploration, the finalized version of the 2018 RE will be released soon (belore 24 July?). This would comply with the normal filing process with SEDAR (keep an eye on SEDAR). But, this NI-43-101 Technical Report is issued to confirm what has been said in the 6 June 2018 NR. It will say the latest RE show a reduction from the historical 2009 RE (I would call this a slight reduction) due to many factors including: a more conservative model used, change in NI-43-101 regulation that excludes some data in the outlying zones, etc...This has been discussed in my prvious post (and the 6 June 2018 NR).
What would come next is the potential for an increase in the RE when they do more pencil sharpening to allow the use of more data: revisit the conservatism used in the model, use data after the cut-off date, send un-assayed cores to Lab, in-fill drilling to allow better interpolation and extrappolation, extension drilling to indicate future potention for the Cadillac Break zone, etc...
This would provide a good base for AZX to recover, and I think this is doable, in a few months after Financing for a small sum to shore up the kitty, $5-6M would be enough.
Good luck everyone.
GH
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cfaer wrote: If we assume at this point that EO is out AND the corporate direction is to propose selling Alexandria in whole or in part then we need to ensure shareholders get fair market value for the properties and resources contained therein. This share price blip downwards was caused fundamentally by the 2 party conflict. As a result, any premium over share price should be factored on a base of the existing price prior i.e. 8-9 cts. Without some sort of judicial hearing the facts of this situation were hard to ascertain as to truth based on the what the parties were saying in opposition to one another.
In follow-up, if an offer for example comes out at 2 cents over the current share price,it will be telling about possible prior side dealings and vested interests. EO even indicated and give him some credit that he would have agreed to a deal around the 20 cent level. Keep an eye on this one in our collective efforts to ensure true value is given for ounces in the ground. As well, no offer should be put forward without releasing the revised resource estimate.