Alexandria Minerals Corp ALXDF

Talked to AZX CFO at PDAC today !

[Marine2]

While at the PDAC today I had time to talk to AZX CFO,,, and it’s like I have been posting here for the 3 years,,,  AZX has ran the limit on the share count, no more dilution.  Financing the $20 million even pricing in flow through shares so under values the company that an alternative has to be conceded.

 

JV have their own set of problems and rollbacks just create another kind of dilution.  It sounds like after the up dated RE comes out AZX will be sold to the highest bidder. IMO

 

In my opinion Eric had it coming, you can’t keep issuing shares with out a rising share price now the board is forced to act,, fortunately AZX has a good asset to sell and make everyone rich,,,  or just a little more wealthy !

 

M2  
PS;
It's like I said,, you can't keep issuing shares with out a raise in the share price price,, it eventually comes to an end ! 

[Goodbadandugly]

Thanks Marine2 for the update, all makes sense! When you say you talked to CFO- whom may I ask was that?

[Marine2]

Goodbadandugly This persons name is   Mario A. Miranda  CFO there were 3 people at the booth and Mario was introduced to me as the CFO Mario also talked about how the market is valuing AZX gold in the ground @ $30 an ounce and their peers are valued closer to $100 an ounce. When the RE comes out they will get us closer to $100 oz and a lot more then .09 cants a

[brandy2000]

M2, thanks for the update, simply terrific news. There is now an upper ceiling to shoot for. Multi bagger coming from here based on those numbers. Backing truck up for huge load today. 

[Currower]

Thanks Marine. We better tell GGrellette. He has too many shares. He can sell them now! GLTAL

[goldhunter11]

M2, Thanks for reporting in. It was good that you had a chat with the CFO, the money man. He's one of the 2 that the names still appear on the Fact Sheet for the senior Management Team (the othe person is the VP Exploration). These 2 fellow are the key figures in this group. Henry appears to act as an Interim CEO (I don't think they have any intention to search for a "permanent"

[chadio]

.....M2, I must agree with you....the impression I got from the AZX booth was that it will be sold in whole or in part........side note....Marine, you must have been the guy that came over and asked Alexandria about Mary and commented that her name was the same as the company's name while I was talking with her

[NextPhase]

p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 16.0px Helvetica; color: #000000; -webkit-text-stroke: #000000} p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; font: 16.0px Helvetica; color: #000000; -webkit-text-stroke: #000000; min-height: 19.0px} span.s1 {font-kerning: none} It sounds like after the up dated RE comes out AZX will be sold to the highest bidder. IMO   In my opinion Eric had

[brandy2000]

OMG what an amazing post NP.... is the plan of Arrangement coming soon? 235 million take price = .35/sh.  How about Spin off remaining assets into AZX 2.0 at 10 for 1 plus cash injection. 

[NextPhase]

Thanks for the feedback. I doubt a AZX 2.0 will happen, since they essentially nuked the management team. :-) Although GH's scenario of a new Val-d'Or company within the Osisko umbrella is a possibility. NP

[goldopportunity]

Hey NP  --  well laid out and logical thoughts on potential azx valuations.  Great read.  Thanks for spending the time to lay it all out for us. goldopp