Alexco Resource Corp. T.AXU

Non-brokered private placement of common shares

[GreyWhiskers]

Is this for the 2022 drilling program?  If so I'm wondering, since there is already a large amount of proven ore to extract and process, if the entire idea is to prove additional ore bodies and look for a buyer?  Cosidering current commodity prices is this the year?  

 

How sure is it that AXU would be agreeable to a sale/takeover if the timeing is right? (Right silver price, right proven deposit). 

Is 2022 where shareholders are able to see a return on investment? 
 

Was the  400 TPD achieved using stockpiled material? 

Is there an increase in miners and camp facilties needed to maintain the 400 TBD feed to the mill in an ongoing basis in the future? 

 

Not worried about actual mill capacity as its mostly a given at time of purchase.  There could be gains in revenue by increasing capacity (additional mill)?

If so is AXU using the current mill as "proof" of the of mines current feed capacity and is now proving other deposits for a sale?

 

There are some claims East that were tested through the overburden but not much came of that? There has always been activity Southwest and towards Mt Haldane by others, but as far as I know it's all suspected and was never proven.  To date most of the ore body is still located with the Aleco's Keno Hill deposit area?

 

Thoughts?

[roberto146]

If it were to be for a drilling program they would have been flow-through shares, like the January offer. In the recent news release it's stated that the ... "... Company intends to use the net proceeds of the Offering for general corporate purposes, including to fund the continued ramp-up of mining operations at Keno Hill." They had about 14 Million in cash and receivables at

[GreyWhiskers]

Thanks for the comments and insights, I had been wondering because a private placement of common shares are often more "expensive" or have some other stipulations attached.  So if I read this correctly the funds will be used for the actual current workings.  They perhaps saved some broker fees or wanted more control over the ownership of shares. .

[roberto146]

Flow-through shares would have made a better 'headline' number too. Maybe 3.00.  But the rules are strict about the use of funds; can't use the revenue for cash flow/general expense. Yes these funds are for 'general workings' as they say in the news release; at the end of 2021 they only had about $14MM in cash and receivables. During 4Q 21 they seemed to be burning $4MM a

[RuudinFrance]

With the resource and the mines we got, management has only given us proof of their incompetence. Alexco is not the only company that had COVID on its back. it is however my worst investment in the portfolio. Others have performed admirably under these poor conditions. Management (Clynt Nauman) comes with all these sob stories where other CEO's have done their job. A sad disappointment

[GreyWhiskers]

I'm hoping they really start getting some serious production volumes and show a net revenue in the upcoming report.  Of course if silver goes up substantially that would be great and certainly help the share price and get axu into the "green".  Lot's of happy investors.  Let's hope.  I admit I can also be a bit negative/wonderous at the length of time it