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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 > Merger or no merger.....
View:
Post by Goodbadandugly on Apr 09, 2018 10:49pm

Merger or no merger.....

"I can see that Sean Boyd of EAM would want to consolidate the area by putting AZX with PRB and QMX (this is also the scenario that Kaiser is painting). AZX BoD is controlled by AEM and ES, so EO's vote is a minority vote on this board."

Goldhunter and Currower- you are both assuming that AEM would support a PRB and AZX merger so that they can consolidate the area.  But PRB has Goldcorp as a major shareholder (not sure exact percentage but somewhere near 15-20%).  Perhaps is it AEM that is not agreeing with the merger (along with EO) whereas ES being a shareholder of both azx and prb would benefit and prefer the merger?? 
  Alexandria has a very, very strategic location with 3.5 km long Cadillac break property, that appears to be full of gold and I can imagine both Goldcorp and Agnic Eagle wanting it.....wouldnt be the first time they competed over a property.....
Comment by goldhunter11 on Apr 10, 2018 9:24am
GBU, - G: Yup, G has "the con" at PRB, since Probe Metals was created when G bought out Probe Mines. At the beginning G has 19.9%, but Dave Palmer has a good relationship with G. If you go to PRB website, it lists G as its parent company (Dave is a clever politician), even though G's ownership has reduced to 14%. No matter, G is still an insider and still has its say. - But things ...more  
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