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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 stoneybuon Apr 09, 2021 11:37am
81 Views
Post# 32966685

RE:RE:Annon shareholders are not happy

RE:RE:Annon shareholders are not happyThere have been several comments about the activity spanning multiple projects being indicative of a lack of focus. They seem to suggest Nexus should operate only one activity at a time sequentially, or work one property at a time through to conclusion and do nothing elsewhere deswpite the fact that there would be long lag times between activities? Either method would be a minimalist approach which would result in minimized value creation and reduced news flow. I think as a project generator with multiple properties we expect to have streams of parallel exploration activities until there is compelling reason found to concentrate on a major find and accelerate it. Working at Pilot at the same time as recon at MAnzour-Dayere while drilling McKenzie and lining up Dakouli drilling as being the best potential for having multiple hits to have a sustained impact on share price through the cumulative impact of multiple hits demonstrating multiple project values. Putting projects on hold limits the potential impact. Conversely the present mode poses a threat of excessive burn rate and further dilution unless share price pops and triggers warrants coming in. Either way it is a speculative explorer/generator play that requires patience as it plays out. You either like the management philosophy and sit through the play without expecting a major pop on every NR, or you move to something that more closely matches your risk tolerance.
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