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 ?