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ALX Resources Corp V.AL.P


Primary Symbol: V.AL Alternate Symbol(s):  ALXEF

ALX Resources Corp. is a diversified mineral exploration company engaged in exploring a portfolio of mineral properties in Canada, which include uranium, lithium, nickel-copper-cobalt and gold projects. Its uranium holdings in northern Saskatchewan include 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project, the Bradley Uranium Project, and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project, and others. It also owns 100% interests in the Firebird Nickel Project, the Flying Vee Nickel/Gold and Sceptre Gold projects, Blackbird Project, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. It owns a 50% interest in eight lithium exploration properties, collectively known as the Hydra Lithium Project, located in the James Bay region of northern Quebec, Canada, a 100% interest in the Anchor Lithium Project in Nova Scotia, Canada, and others.


TSXV:AL - Post by User

Comment by Madheighton Nov 02, 2020 10:56am
66 Views
Post# 31822636

RE:Any ideas

RE:Any ideasWhy is the market not liking NXS?  In a word - dilution.  This company has a history of dilution and the market has a long memory of what has been done in the past - a reverse split.  You trade this stock looking for leverage.  And I am one of those who is waiting for the ominous share consoldation.  My take, and I've been thru a few, they don't work.  Basically designed so shares can be dumped at a supposed higher "legitimate" share price.  The only thing that is going to talk is excellent drill results.  But NXS does not have deep pockets.  So, in order to have meaningful drill results, you need to have meaningful depths and that requires cold cash.  So how do you get the required cash?  We all know the answer.
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