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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 Malpeque2on Jul 19, 2019 10:37am
236 Views
Post# 29939532

Here's why you should vote "YES"

Here's why you should vote "YES"I am all in favor of putting non-performing wayward TSX-V junior exploration companies OUT of business.

AZX is out of CASH.   Has an accumulated deficit of $25M since whenever.    THat is,   they raise about $50M over the years and your getting about $25M back.   A suck deal,  yes.
My guess is over the years about 1/2 went into Exploration and the GEO/drillbit, and 1/2 went into G&A and lunch for the officers/directors. 

It's time to RETIRE these people.   1Q 2019 G&A for AZX was over $500K.   That is a $2M a year just to keep these peole here.  Not counting drilling.    YOur getting DILUTED every day they stay in business.    On a market cap of about $25M  you have an annual  "hurdle rate"
or "managment fee" on an annualized basis of about 9%.    That is ABSURD business proposition on its face.   This way way reduces the chances of you making a decent ROI even in the speculative and sometimes  high return TSX-V  Junior Explorco space.

Second reason,  IMO,   Osisko knows these rocks,  has cashed up the O3 Spinco,  has put in a diverse pool of deposits,  and seems to be about as good an explorer/developer 
in the Abitibi as anyone else doing it...................You at least consolidate some of the G&A overhead going forward and IMO your chances are just as good of making a decent hit with O3 as with anyone.      I owned some of the cash boxes that amalgamated 3 way or 4 way into Oban.    Made a decent profit but wished I held on as the Windfall/Lynx got drilled up!      Roosen does't seem to waste much time thinking about drilling,  they just drill.    I admit,  his involvement here is less,  and these may be the lesser properties,  but the "package" including Marban and Chalice propetties ain't bad. 
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