Alpha Minerals Inc ESOFD

Solver, Campin, others

[Uran216]

Why would they want to retain so much money (I haven't kept track, $40million +) in the PLS venture?
1. Take it into production ---- slim chance
2. For drilling PLS --- that's a lot of drilling, especially if we may only have one more driill season coming.
3. Buy other properties.

I would think they would have placed more cash in the companies outside of PLS. Any thoughts?

[youngkid]

They kept the cash in the pls jv as it makes the most sense. I'm sure all of us bought amw and/or fcu for pls, not the side projects, so I would like the see the money be worked on pls. The spinco for fcu has work paid by aaz and they can do a pp for those that want to put money at work on those properties.  Drilling isn't cheap, and if you want to build up the resource, fight off

[deelong]

So let me see if i have this right- if a person has 1000 shares of AMW, those will be good for 5750 shares of FCU  PLUS 1000 shares of new amw spinco? Also, what would people here think the value of new spinco would be? I am assuming approximately 31 million shares of spinco with 3 million in cash which would possibly give spinco a 10 cent valuation assuming we get no speculative valuation

[Uran216]

So, assuming the cash is kept in PLS to use....I'm hoping cash and 2 AMW management on board will mean a lot of extra drilling asap. Why keep cash in PLS unless you want to use it. This summer drill season is $6.9 million. PLS will have 3x that available.