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Alexandria Minerals Corp ALXDF

Metals & Mining Industrial Metals & Minerals
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

Alexandria Minerals Corp > Huge Ask must be Atom...........
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Comment by givemeabreak1on Apr 20, 2019 11:00pm
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Post# 29651823

RE:RE:RE:RE:RE:Huge Ask must be Atom...........

RE:RE:RE:RE:RE:Huge Ask must be Atom...........Recently released financials!  As of Jan 31st 2019 2200 dollars in cash left!  Accounts payable 2.1 million dollars!  Cad Break 150k deposit basically already spent given about a 500k quarterly burn!  When the deal closes I suspect they will need the cash just to keep the lights on so drill program will be tough and if there was one very small!  Planning only 2400 m on two fronts according to their MD&A.  So very small if they can manage some funds for it!  Maybe I am missing something but they have no cash until Cad Break closes and even then the money will be needed to address accounts payables!  Am I missing something?  Did they do a recent financing not posted yet?
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