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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

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Alexandria Minerals Corp > Don't forget IAMGOLD CORP.

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Post by Newrookie on May 08, 2018 12:24pm

Don't forget IAMGOLD CORP.

Everybody is talking about PRB. Nobody is talking about IMG. They still own 2% of AZX. They had very good numbers in their Q1 report. The stock is up 5% this morning. But the main point is : they have 1Billion $ to spend in the 25 next months !!! I think that's enough money for the poor shareholder I am ! I know it's an old news but take a look again. https://www.newswire.ca/news-releases/iamgold-files-final-base-shelf-prospectus-678688933.html

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Comment by goldhunter11 on May 08, 2018 1:02pm

NewR, It's true that IMG is getting prepared with a $1B slush fund, but may be this is for something else rather than some additional acquisition. Even though its got the Japanese as a partner (30%) for the Cote Lake deposit (which it bought for just over $600M a few years ago) the cost to develop this deposit in a giant open pit operation would run over $1 billion dollars. IMG's game plan ...more

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Alexandria Minerals Corp