Alexandria Minerals Corp ALXDF

what could happen?

[Myrtlesman]

Ok, AEM comes in with a $26M bid at 5 cents a share and O3 needs to provide a better offer by the end of next week.  Can they?  The orginal NR suggests O3 is "well capitalized with approximately C$28-30M in cash and marketable securities.    In contrast, AEM has a market cap of nearly $15B and 2.9B in revenue; the $26M bid for AZX is pocket change.  What does O3 do?  If they raise the bid to 5.5 or 6 cents, AEM can easily match that and probably will, so do they go to the added administrative expense of posting the bid?  Probably not.  So we're sold at 5 cents.  Unless some white knight shows up, that's where it stands.  Who might that white knight be?  IMG?  they have local facilities;  Alamos?  acquired neighbor Richmont recently but are probably tapped out for cash; TECK?  lots of copper/zinc on the AZX properties, but no local operations.  My money's on IMG coming in with a bid of 7 cents next week and eventually AEM bids it up to 8.  Who blinks?  The two could slug it out and bid it up to 10 cents or more (which would be a $52M investment for a package of land that includes (according to AZX) over 2M ounces of gold at a cost of under $18/ounce.  Sounds like a good deal to me.  Farfetched?  Let's see if IMG or Eric Sprott pull the trigger.