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Alexandria Minerals Corp ALXDF

Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over 460 claims, located in Bourlamaque, Louvincourt and Vaquelin Townships. The manitoba properties include


GREY:ALXDF - Post by User

Post by goldopportunityon Jul 30, 2018 8:38pm
116 Views
Post# 28388603

Fwiw........

Fwiw........Alxdf closed at usd .042   =   cdn .0546     (boc 1.3021 close)

Alxdf up 10% on a little more than a quarter average daily volume.  Outside low, inside close.  Sp came within a titch of last thurs's low.  The big news was sp finally closing above the 50dma -- first time since early may.

Azx down 9%.  Total volume on all cdn exchanges was 649K -- about the same as friday, with roughly 60% coming from the tsx-v.  Interesting to note that the alternate cdn bourses showed azx with a .055 close, while azx-v has a .05 print.

Both stox well bid -- very important.  The majority of the day's trading was done by early afternoon.  Alxdf bb/ba margin was relatively wide for pretty much the whole day.  Azx saw the cdn .055 ba taken out which resulted in a wide .05 to .06 bb/ba spread for about an hour.

Bottom-line:
So what happens tomorrow?  My sense is alexandria moves to higher ground as that now seems to be the path of least resistance, imo.   I'm thinking we may start off with a penny bb/ba spread.  After this initial stand-off, and some volatility, the odds looks better than 50/50 that sp hits at least usd .0465 (alxdf) and cdn .06 (azx) intra-day.


So we'll see what happens.  Always stand your ground in the markets and in life, folks.   Jmvho.


goldopp 

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