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"Aldridge Minerals Inc is a Canada based company involved in industrial metals and minerals business sector. The company is engaged in the exploration and development of mineral properties in Turkey. It operates in various segments that are Corporate and Turkey segments. Their focus is on the Yenipazar Project, which is a polymetallic volcanogenic massive sulfide (VMS) body that hosts a gold... see more

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Aldridge Minerals Inc. > Turkey stability

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Post by Investorguy1234 on Apr 25, 2017 10:47am

Turkey stability

Any news on how the recent election and the powers transferring to the President are going to effect the company ?

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Comment by Troyahorse on May 16, 2017 1:07pm

Some good reading material about the whole process. https://www.americanprogress.org/issues/security/reports/2017/03/22/428908/erdogans-proposal-empowered-presidency/ GLTA

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Comment by Troyahorse on May 17, 2017 1:48pm

Is this stock being held down or investors are not sure about the Turkey political stability? Gold is up about 2 % in the last 2 trading session and trading at $1256 which I believe is above the breakeven point for AGM to produce positive revenue based on the Capex analysis. Gold is expected to continue the upper trend and AGM land acquisition must be know almost at 100%. What is the expected ...more

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Comment by Investorguy1234 on May 23, 2017 2:16pm

Thanks for the news article. I guess it means sweeping new powers for the President and I'm sure that he could easily declare that natural resources are now ownership of the state. That would be an extreme position, however i'm happy that we have local ownership and management talent. I think that the stock is so tightly owned that the share price isn't going to move until we get all ...more

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Aldridge Minerals Inc.