ALX Resources Corp 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

ALX Resources Corp > Don't understand

<< Previous

Bullboard Posts

Next >>

Comment by Troyhorseon Sep 06, 2024 1:12pm

89 Views

Post# 36212088

RE:Don't understand

Here is my thinking and I may be wrong:

ALX valuation is slowly going down as GreenRidge stock price is also looming in value.

It almost appears as Greenridge investors disagree with the takeover proposal IMO.

GXP
GREENRIDGE EXPLORATION INC
BuySell
$0.75
-$0.05
-6.25 %

This take over seems to be orchestrated to absorb ALX properties then bring Greenridge to their knees and someone close to management to end up with everything for pennies on the dollar.

In normal circumstances when a takeover is intended the stock price goes up to the level of the takeover offer or even higher based on possible higher bidders.

Do the Math and see how is the ALX valuation for te take over today hence people selling

JMHO

<< Previous

Bullboard Posts

Next >>

Apolo IV Acquisition and Marviken Ontario sign merger agreement