Alexandria Minerals Corp ALXDF

EO has some big cahoones

[Myrtlesman]

Tough day for EO, but he had to expect that this was the BOD's only course of action.  You gotta have some nerve/commitment to execute this type of action and it must be tough for him, who founded the company, took it public, and kept the lights on while building what is going to be an outstanding set of properties with good metrics for Ag recovery (and possibly Cu, based on Akasaba).  I'm guessing the RE is going to be around 1.5M oz, and it is near surface, so some deep pocket miner is going to try to scoop it up on the cheap.  We as shareholders can take the 15cent bid in the short term, which for many of us will be a double or triple, but I think there's a good chance of the following: we the people and Sprott lead a rejection of the low ball bid, BOD shakeup occurs while the SP wobbles between 7-9 cents, the $20M funding leaves escrow and there's dilution, SP drops to 6 (or maybe even 5 depending on POG, macro events).  The $20M will fund a very agressive drill program and in 18 months that 1.5M oz goes to 3-4M oz.  Now we're talking serious money and 6 cents a share goes to $1-2.  To me, 15 cents now or $1 later?   I can wait.  Can you?

[NextPhase]

I still think a deal with Probe Metals is most likely. It would likely get the blessing from both Sprott and Agnico Eagle, and they are the two biggest shareholders.  It benefits Mr. Sprott for the following reasons: He potentially found an economical way, especially with his warrants, to get a nice chunk of Probe. He would have a huge margin of safety from buying cheaper AZX shares

[goldhunter11]

NP, In my previous post on EO's Open Letter I deliberately left PRB out of this saga. But this company is lurking around the corner as I have mentioned many times in various occasions. - by looking at their property map (a solid chunk around the new Beliveau  Mine with new RE coming soon, 11% QMX), - JV with AZX for about 1/3 of the Cadillac Break, - JV with AEM on a property near AEM

[NextPhase]

Sure, what are you thinking? Two last notes: Probe Metals is more familiar and comfortable with Alexandria's projects and would likely have better understanding of their potential compared to outsiders. The *first* mining company that Probe Metals had followed on Twitter was Alexandria Minerals, while Alexandria does not follow Probe Metals back... - just in case you didn't

[brandy2000]

NP, for all your same reasons KL fits just as good for ES. Tony has some serious cash too. Also Metanor (ES controlled) is on the hunt for a good play too. They have interest in Nulligan.