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Bullboard - Stock Discussion Forum Alexandria Minerals Corp ALXDF

Metals & Mining Industrial Metals & Minerals
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 > How much cash does AZX have?
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Post by Schmoby on May 23, 2018 4:23pm

How much cash does AZX have?

Does anyone know how much cash AZX has left to run day to day operations, admin and legal for the defense of EO's claim? Lawyers aren't cheap and it won't take long to run up a hefty bill. How much will the RE cost and has that been paid for or set aside for or is that why there is a delay because it hasn't been paid for...the longer the delay the more inclined I am to believe the latter.
Comment by goldhunter11 on May 23, 2018 5:52pm
Schmoby, In the big scheme of the universe, AZX "war chest" is empty (compared to some $40M that PRB has). Yes, you would need to keep the lights on, and lawyers are not cheap. That's why they just abandonned updating the website. But this is an oversight on their part. The website projects a good image for the company, hence some effort (minimal, and practically anyone can do it ...more  
Alexandria Minerals Corp
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