Alexandria Minerals Corp ALXDF

EO financing proposal

[Schmoby]

Honestly, think about it for a second, how many shares will AZX float to raise $25m? At least 500m PLUS warrants (250m) IMO putting the outstanding count well over 1 BILLION! That's a guaranteed reverse split of at least 10 or 20 for 1.

Meanwhile EO will have the abililty to reissue stock options annually to himself and others at the new valuation while the long term, true, loyal shareholders take it up the a-s. What a great deal if you are still on the management team. Are long term shareholders willing to have their shares divided by 20 while EO issues out new stock options and compensaton at the new share float and price?  

The ONLY way I'd even consider supporting EO's proposal is if he were to relinquish all future stock options, stock compensation and share deals, if he wants in on a piece of the pie going forward he needs to pay the full price just like his shareholders that he purports to be "looking out" for.

[Schmoby]

If we are willing to get rolled back under EO's proposal wouldn't it make more sense to basically get a better deal from PRB at even 15 to 1 for a stock that has $40m cash (which is nearly double EO's financing if successful, we don't even know the full terms for EO to get $25m), PRB already has a 85,000m 2018 drill program, great properties, plus great management, add the AZX

[easycoder]

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[Schmoby]

There won't be a "sale" to anyone, there will an all share merge/swap if it happens. THERE WILL BE NO CASH FROM ANYONE. Majors aren't interested in deposits of this size that haven't been proven up, too much risk. You need 4-5m ozs or some really spectacular grades near surface. If you are expecting a major to give you cash, you can plan on waiting until AZX runs out of

[goldhunter11]

schmoby, You are quite right with your opening remarks about there will be no cash sale, and that the majors are only interested in something that is in the range of 4-5Moz. But, the subsequent argument (that seems to be based on a whole host of loosely connected items) that somehow leads to a conclusion that there is no upside potential for AZX. Nobody is expected a cash sale of any company in

[easycoder]

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[goldhunter11]

easy, It's interesting that you mentioned AEM's purchase of the 14 claims from AZX West Akasaba for $5M. It was a typical EO financing: $5M here, $5M there, just enough to keep on drilling for about 1 year or so, and repeat the cycle again when he ran out of money. This is not like David Palmer (PRB) who would raise money when there is an opportunity to do so. DP would do a larger chunk

[easycoder]

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[goldhunter11]

easy, In addition to the info in "Seeking Alpha" link (page 5), there is some reference to Akasaba in AEM NR of 26 April 2018, indicating that they are serious about doing an open pit mining operation at their 14-claim property at Akasaba. The 14 claims still has enough land for further exploration which could potentially increase the RE beyond 0.6MozAuEq. Just east of the  14