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
Flopticalcube on Jul 20, 2018 11:26am
Financing likely to come, at least partially, from an asset sale.