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

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Alderon Iron Ore Corp > Guess the amount of shareholder recovery

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Post by abcdefghijklmn1 on Mar 25, 2021 9:24pm

Guess the amount of shareholder recovery

From mid-November

Under the acquisition, Altius will receive 600 000 Champion Iron shares as consideration for the sale of its portion of secured debt of Alderon. It also expects to receive a portion of the CAN$15 million cash consideration and the future production-based payments stemming from its 37.3% equity holding in Alderon. The amount of cash consideration will be dependent on the receiver’s approval process for any additional creditor claims, which will rank in priority over any amounts payable to equity holders. This process remains ongoing, but the receiver has stated that it believes there will be a substantial recovery to Alderon shareholders.

Someone thinks the substantial recovery is in the .50 area

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