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Bullboard - Stock Discussion Forum Alexandria Minerals Corp ALXDF

Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over... see more

GREY:ALXDF - Post Discussion

Alexandria Minerals Corp > Anybody buying at current levels ... will still make money
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Post by PanyCheck on Mar 19, 2018 4:55pm

Anybody buying at current levels ... will still make money

Conspiracy or manipulations or whatever ... one thing is quite sure: Anyone buying at these levels (0.09) will still make money. It is logical, that a(ny) take over price cannot be lower than the current price ... which is there for more than 90 days. No big investor would accept any lower price. PLUS the RE is still an extra addition on the top of it.
So the question is just the "size" of the premium above the current price. But the bottom at 0.09 seems to be pretty safe .... Which is a comfortable situation for anyone already beng in it. And unlike the last 10 years ... things will drastically change soon.
Time is working now for the ones with (little more) patience. 
Finally !!

(Not trying to "pump" anything, but just an educated guess. Mot more and not less.)
Comment by mal297 on Mar 19, 2018 5:32pm
Unless of course there is no takeover.  Not at all likely imho but the only downside risk as far as I can tell.  As you obviously believe (as do I) a risk worth taking with significant upside and limited downside potential. 
Comment by NextPhase on Mar 19, 2018 5:56pm
IMO, the largest risk that AZX investors face is time. How long our money is tied up before AZX gets revalued from new information, e.g. new resource estimate, special meeting results, and takeover terms. I think the perceived risk from BoD drama is overblown, and I still believe the upcoming RE will exceed market expectations. It will be interesting to see how the market reacts when the RE is ...more  
Comment by easycoder on Mar 19, 2018 6:45pm
This post has been removed in accordance with Community Policy
Comment by NextPhase on Mar 19, 2018 7:10pm
It depends... 1370+ gold will increase the value of all other gold investments too, so there is an opportunity cost while being locked into AZX. At this stage, one could actually make the argument that gold staying flat throughout the whole process is preferable. NP Disclosure: I own AZX, this is not financial advice, do your own DD
Comment by mikenooks on Mar 19, 2018 8:21pm
This post has been removed in accordance with Community Policy
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