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Alexco Resource Corp. T.AXU

Alexco Resource Corp is engaged in mineral exploration, and mine development and operational activities primarily in Yukon Territory, Canada. The company explores silver, lead, zinc, and gold deposits. The firm's projects include Keno Hill Silver District, Flame and Moth, Bermingham, Lucky Queen, Bellekeno, and others.


TSX:AXU - Post by User

Comment by Looking4Doubleson Jun 11, 2022 9:09am
86 Views
Post# 34749106

RE:Known it all absent missing in action

RE:Known it all absent missing in actionJean,

I have taken a few mornings and afternoons to watch each individual tick / trade. The lion's share of the volume is BUYING and 80% of the SELLING quantities are predominantly 100 shares at a time.  In other words, they / some broker is just trying to keep the price from going up quickly.  (ie  To minimize the losses to their short positions and options which are now taking on water.)

However,  this clearly shows that they have NOT covered their positions.  Once these small 100 share SELLs go away, I think the price will quickly jump to $1.50-$2.00 / share U.S.   I also think it happens when Alexco comes out with guidance on WHEN they will be close to 400T/day.  Once investors/fund managers see free cash flow (ie no debt) we will see fireworks in the price.

Hence the reason I will keep adding to my Alexco position over the summer, as well as my cash and coins. (Gold and silver)

The general market is no where near the bottom yet & precious metals will gain more and more interest throughout the summer.   Good Luck !
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