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Bullboard - Stock Discussion Forum Alderon Iron Ore Corp AXXDF

Alderon Iron Ore Corp is a Canada based development-stage company. It is conducting iron ore evaluation activities related entirely to its Canadian properties located in western Labrador in the province of Newfoundland and Labrador. The company's operating segment is the acquisition, exploration, and evaluation of mineral resources. Its flagship project is the Kami Iron Ore project located in... see more

GREY:AXXDF - Post Discussion

Alderon Iron Ore Corp > Alderon Iron
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Post by optomist on Jan 12, 2021 8:29am

Alderon Iron

I feel like these guys walked away from this too easily... project ready to go, subject to financing of course, but a project that could probably find financing. Other companies survived the Covid pandemic so far using various tools provided under COVID Duress...... These guys seemed to just say oh well - that's it!  Walked away from infrastructure, mineral licences, EA approval, purchase agreement, agreements with local populations.... No mention of any type of fight or struggle to ride this out?? Seemed quick and final. Just surrendered claims... I dunno, who walks away from project like that? Champion
were interested obviously, was that not an option for Alderon, to provide high quality ore for them to use?
Comment by Malpeque2 on Jan 13, 2021 12:01pm
They did not quite zero out the equity.    THere is going to be some recovery. The question is how much?      It's in the bnk court in Newfoundland and Labrador. Any ideas?
Comment by Dieseldodge on Jan 13, 2021 5:19pm
I'm really hoping it's something but saying substantial recovery gives us hope for something good ? Tic toc tic toc . Being patient since the announcement in November and seeing someone buy some for 10 cents hopefully they know something we don't ?
Comment by Surprise on Feb 26, 2021 11:14am
Anything on the go?