Post by
mattbigham on Jan 19, 2022 12:53pm
Strikes me odd
That Alexco levelled their debts with a credit facility untouched and open to them.
With silver breaking out in the last two days AXU and FR have broken above their downward resistance lines.
If a major was going to take a run at Alexco they should do it before a rising price of silver makes the deal less beneficial.
I have no idea if anything is happening and it is very likely not,however,if I was a major wanting to buy a junior it would be when the sp is at a 2 1/2 year low and before silver makes a run.
The financing was at a $2.50 average when the sp was down to $1.95 this morning. It's 1/2 of 1% of the float and means little so why did they feel the immediate need to square the books?