Alexandria Minerals Corp ALXDF

Telephone Call

[PizzamanforAu]

I received a telephone call from Walter Henry yesterday afternoon.  He seemed very genuine in the information he was able to provide.  It seems like the whole EO is going to spill over into July until he has his day.  There was a buyer on the table (Probe) that EO entertained the thought of a buyouy/merger with dating back to December.  The offer that was on the table at that time has expired.  More importantly, the original RE dating back to 2009 was/is substandard and had to be really looked at based on new standards that were required in 2014.  With this said, it sounds like the original RE is not what it is/was based on the AuOz it said it had.  The cause for the delay in the release of the 43-101 is because the BOD/SC had to really reinterpret how much Au there really was back in 2009.  Let me make this clear...This does not take away from the very positive results of the 2017 NR's that were reported.  It just means there is not as much gold and/or the grade initially reported is not as once thought as it might appear to be according to WH.  EO wants to continue digging and add more dillution to Alexandria.  I am definitely not in the EO camp.  He is dillusional and because he did not have any skin in the game other than to collect pay/stock options, etc he was a fat cat for the past ten years and does not want it to end!  Just wanted to let everyone know the news I had interpreted from WH.

Pizza

[mikenooks]

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[MGRVSAZX]

Got a call also from EO, he said to me they will try to reach the maximum of shareholder to explain his vison and the future of AZX, he will be in Montreal also next week to meet people , so nobody is unique , they just try to get the maximum shareholder to listen and maybe vote for him

[easycoder]

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[Shylock]

EO is having visions? My, he sounds mentally deranged. Schizophrenics have visions. He needs to see a good shrink. If he thinks he is going to derive support for his fraudulent activity which would involve dilution he is off his rocker for sure.

[ASHRAM]

I met eo in 2012 at pdac Toronto he has same vision.i trust his selling and buy my first azx.but now after 6 years same vision.i can not wait for another 6 years.

[Shylock]

ASHRAM - I believe EO's "vision" is about "feathering his own nest" and no one else's. Of course he is going to tell us how great his "vision" is and how wise are his plans but the fact remains that as the company Board of Directors fired him FOR CAUSE as explained in their News Release on the AZX site, he is dishonest and set up accounts, diverting money into

[LRGreturns4me]

Many people have spoken directly with WH. The RE issue is real as EO has previously represented a "doubling of the resource".  Reality is closer to 700,000 oz I am hearing. Also, they offered PRB the full 70% of the eastern earn in for $3.0M. AEM did not want the royalty, so what does that say? RE coming in the week after next, deals based on in situ gold will value the project

[cruisemissle2012]

   This got me thinking..... if EO was snakey enough to do what he did with the shares...I wonder if he was snakey enough to have a hand in fudging the original RE numbers. Is this possible? It would explains his acting like a “trapped Rat” Also.... I think our best bet with a decent takeout offer is now going to lie with the potential of newly discovered gold zones And multidirectional

[Shylock]

cruise - I believe you are right on the mark.  As CEO EO had access to all of Alexandria's business and that would logically include the initial RE.  Since he has shown himself to be both evasive and dishonest what was there to keep him from fudging the initial RE numbers?  So, yes, IMO, it is possible.  It seems the more we examine this "rat" the more malodorous

[Anacott]

@ LRH Interesting insight. However, how did you come up with 0.7m oz of gold at Orenada Z2 and 4? After all those good drill results from 17/18 I expect minimum 1.0-1.2m oz. I wonder how you ended up with 1.3-1.6m oz back in March?! Still interested in your perspective! cheers

[nuggetin]

If the overestimation of the ounces is true and I trust Mr Henry, this introduces a real dark cloud over many options available. Why has the BOD not released the VP exploration who would have had to be complicit in this fraudulent action. Even if he was overridden by EO, he still had the obligation to blow the whistle. We can now put into context why the trading over the past few months had been

[easycoder]

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[LRGreturns4me]

Easycoder, he said it December 2017 in an interview at 121 Mining Investments in London. You can find it on YouTube. LRG

[easycoder]

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[Shylock]

nuggetin - Interesting conjectures.  Since we do not know the full extent of EO's malfeasance and all of the illicit techniques he may have used to do what he did it is difficult to be certain who was complicit and who was not.  What we do know is that WH and the majority, at least, of the board eventually discovered the crookery and acted appropriately to curtail it. I believe you

[LRGreturns4me]

Anacott, my error is this: I took new drill results and added to the original RE. The problem there is that the whole premise of the upgraded value is the vein structure, so now take the old data and call it just “not compatible” to be used with the new resouce model. I chose the 700,000 as a round even number give or take 100,000 maybe? I erred in thinking that the bulk data could add to the new

[Shylock]

LRG - Yes, I agree, AEM is the big gorilla in the AZX neighborhood. And they have not gone anywhere . . . I believe you are understating the value of AZX.  We do not know what the value of the other properties is but they are in highly prospective locations and I would not write them off "for a few pennies." Additionally, once the EO mess is resolved, I do not think you will see

[RYUcan]

"really reinterpret" lol. Isnt that the point of the new RE? Lots of misleading going on for shares. Not much time now. Doesn't make sense to believe anything at the moment, just wait.

[PizzamanforAu]

RYU...Agree with you 100%.

[Sphereinfo]

How many months, years does it take the bod to get a re done? GLTA

[Shylock]

Sphereinfo - patience, Grasshopper. That depends upon the level of interference from EO. It takes time to construct an accurate RE and all the more when you are presumably being harassed by an annoying gnat whom you have recently shown the door. I do not think it will be very long now. I could be in error on that but I don't think so. We have waited a fair length of time now and I believe the

[Shylock]

Pizza - Thanks. So it is EO who is behind Alexandria's share price regression. He is the cad he was thought to be and only out for his own good. Yes, I agree he is delusional because he in further diluting the shares would have them at a level where a rollback would become more probable. He spoke against it while in the background then, apparently, he worked for it. What a scumbag! I take your

[PizzamanforAu]

Shylock, YW my friend.  July 24th to be precise will be when EO gets his day...but he will still remain on the board until this year's annual meeting (if Alexandria is not sold at that point).  At such time, shareholders would have to vote him out in order to fully get rid of that idiot. Pizza

[Shylock]

Pizza - Yes, I believe it will take the Special Meeting to fully get rid of EO.  Right now he is flailing around attempting without effect to drum up support.  Calling individual shareholders is pretty desperate, especially with the track record of fraudulent activity he has.  He will continue with this charade until his many lawyers, presumably, have picked his bones dry