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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 > Paid today
View:
Post by JimK on Apr 10, 2023 10:39am

Paid today

Money in my account this morning marked as Exchadj Class Action.. Pleasant surprise!
Jim K
Comment by optomist on Apr 10, 2023 11:51am
i don't see anything yet?  What was the value per share? I'm assuming we're getting 5 cents/share, however with the holdback etc.. it may be lower...
Comment by JimK on Apr 10, 2023 12:11pm
I only had 4000 shares left at the time of class action and received $212.50 CAD so .05315 per share. Transaction date was April 6 but because of holidays only showed up today.
Comment by optomist on Apr 10, 2023 12:17pm
I'll keep an eye out, thanks!, yeah I though that would be the amount per share based on original payment. Hopefully future production will add to it, a long wait however nice to get some return.
Comment by paulettesamson on Apr 11, 2023 6:48am
was wondering about what the payout was. so, what happens now to the stock still showing in my account? Has 0 value but was wondering .
Comment by JimK on Apr 11, 2023 10:21am
I believe that Champion has made an "undertaking in favour of the Receiver to make a finite production payment on a fixed amount of future iron ore concentrate production from the Kami Project (the "Acquisition")". How much this will be or when it will be paid is unknown but any extra payment is welcome. Jim K
Comment by willyk3 on Jul 20, 2023 4:31pm
Quite happy with that payout....not often that these junior mining bankruptcys result in anything for the shareholders. For any shareholders out there who are not aware there is still another anticipated payout...from future production...possibly in 2025 or 2026...so dont throw away those shares yet!
Comment by hemicuda on Jul 21, 2023 9:03pm
Yes , pleased as well, I was just paid about 2 weeks ago. Hopefully another payout down the road.
Comment by willyk3 on Apr 12, 2023 7:29am
Finally showed up in mine as well.   Now ....Decisions..decisions...what junior miner do I blow the proceeds on?
Comment by optomist on Apr 22, 2023 10:39am
Lol, try Soperior fertilizer corp
Comment by willyk3 on Apr 22, 2023 12:09pm
Too late.  I slapped it down on troillus gold!
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