Alexandria Minerals Corp ALXDF

PRB financing vs AZX attempted financing

[Schmoby]

While I am not super happy about the price that PRB financed at I am not overly disappointed either. $1.15-1.90 range gives them a lot of cash and pretty minimal dilution IMO. They can drill a lot of holes for a long, long time with that kind of money, I'd rather they raise it now under their terms than down the road at the mercy of the financiers like AZX is.

This is the same pattern Dave employed with Probe Mines, raised money before they needed it and at a price that didn't dilute the heck out of shareholders, again not the way AZX has gone about it. Look at what EO wanted to do to raise cash! You'd have over a billion shares outstanding, that is clearly reverse split time. 

Any way my point is there are smart ways to raise money and protect shareholder value, I don't feel that has happened with AZX, I think AZX needs a proper management team to step in and clean house, some of the folks on this board need to bury their pie in the sky expectations and egos and start thinking with a clear head.

The only way AZX provides shareholders any value is to let someone come in and finish the job properly, not the circus that's been going on for the last 6 months and counting not to mention the mythical RE. How many times has that date been missed? No emails being returned? No IR to speak of? A presentation on a crappy company webpage from November 2017? C'mon you guys snap out it already and lets make some money!

[goldopportunity]

Hey schmoby  --  so you think david palmer raised additional money at close to 18-month lows so "they can drill holes for a long, long time" as you pointed out?  I don't believe that for a minute.  Palmer's a smart guy.  Imo, he's got something cooking (an aquisition, etc) that he needed additional funds for...now!  These funds won't

[Schmoby]

I think David Palmer raised the money ahead of an all share merger with AZX of another potential candidate. The money will be used to drill and prove up the aquired property. My guess is David calculated that that was the dollar amount required to finish, does anyone know of any companies that recently tried to raise or required around $16m for drilling... Well listen if you think some of the

[goldopportunity]

Schmoby said: "I think David Palmer raised the money ahead of an all share merger with AZX of another potential candidate. The money will be used to drill and prove up the aquired property. My guess is David calculated that that was the dollar amount required to finish, does anyone know of any companies that recently tried to raise or required around $16m for drilling..." Sure,  

[LRGreturns4me]

I have no problem with email correspondence and/or telephone calls retuned.  Walter Henry has publshed is phone number and does return calls. Six months of manipulation during a proposed offer to buy the company is not unheard of. They told you PRB made an offer at the end of last year and that is was in the .12 range which by the way would have been 100% premium to the Dec. '17 VWAP

[NextPhase]

LRG, Where are you getting this 0.12 range? I have not seen any real information on a potential price. If AZX has real value, then there will be buying interest.  NP

[easycoder]

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[NextPhase]

JK has any credibility, why? He got so many of the basic facts wrong in that interview... it amazes me anyone would listen to him about anything. NP

[easycoder]

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[goldopportunity]

Easycoder said: ".12c was the John Kaiser gossip number I believe" Yes, it was John Kaiser who's based out of san francisco (usa). And that's .12 usd  =  cdn .1545  (based on today's boc 1.2876 close)   :) goldopp

[easycoder]

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[nuggetin]

No wonder no-one is responding to even general e-mails or enquiries.When EO left sure there was 500k in the till but more importantly there were accrued payables of 1 million to cover.  (Alexandria always had a very rich overhead). The industry knew that and the negotiating team were probably on there knees trying to work out a fair deal.We'll probably have to write this one off as a

[LRGreturns4me]

Hi Easycoder and Next Phase The special committee NR was on 12/15 so the PRB offer was in hand or in final negotiations. The "set the record straight" NR confirmed that. So, from the 12/13 close at .055 The SP rose to a high of .115 on 1/31 then commencing with the descending movement back to .07 where we are today. So there was an offer in early to mid December and JK says rumored to be