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Bullboard - Stock Discussion Forum Alexandria Minerals Corp ALXDF

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 > Next Obstacle ?
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Post by cfaer on Jul 20, 2018 10:42am

Next Obstacle ?

If we assume at this point that EO is out AND the corporate direction is to propose selling Alexandria in whole or in part then we need to ensure shareholders get fair market value for the properties and resources contained therein. This share price blip downwards was caused fundamentally by the 2 party conflict. As a result, any premium over share price should be factored on a base of the existing price prior i.e. 8-9 cts. Without some sort of judicial hearing the facts of this situation were hard to ascertain as to truth based on the what the parties were saying in opposition to one another.
 
In follow-up, if an offer for example comes out at 2 cents over the current share price,it will be telling about possible prior side dealings and vested interests. EO even indicated and give him some credit that he would have agreed to a deal around the 20 cent level. Keep an eye on this one in our collective efforts to ensure true value is given for ounces in the ground. As well, no offer should be put forward without releasing the revised resource estimate.
Comment by goldhunter11 on Jul 20, 2018 11:10am
cfaer, you said: "As well, no offer should be put forward without releasing the revised resource estimate." True, as indicated in Newrookie's report of his phone call with Phil B, VP Exploration, the finalized version of the 2018 RE will be released soon (belore 24 July?). This would comply with the normal filing process with SEDAR (keep an eye on SEDAR). But, this NI-43-101 ...more  
Comment by Flopticalcube on Jul 20, 2018 11:26am
Financing likely to come, at least partially, from an asset sale.
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