C$25 Million Bought Deal Public Offering-What's not to like?Well> Is the sky falling?
So the market reacted to 7.1m shares offered at 3.50 per. Also pretty normal is the week spread of $3.9 +/- to 3.5 +/-. Maybe some took profits.
Look at Jan/Feb 21.
Is 10% fluctuation considered abnormal, probably not, just the market reacting. Alexco also no longer has the revenue from the environmental contract to remediate the old UKHM mines as is was spun off and now is in it's final completion except for long term monitoring.
As usuall these are long term plays through all types of challenges and economies. The only thing that hasn't changed is Alexco is sitting on a very large deposit of minerals in one of the safest jurisdiction in the world. What's not to like?
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