Alexco Resource Corp (AXU)

Hecla is a perfect match, but I do not see a premium.

Yes, as someone mentioned....the manner in which this transaction occurred is highly suspicious. So they come out and mention the production delay while they were negotiating the deal? What other reason would there be other than to drive the price down? But that makes no sense....unless there was some promise the average shareholder knows nothing about.

I thought buyouts were supposed to be good for share holders?

BTW….The Basil3 extension to 2023 is what really bent the PM producers.

Well, they sure screwed me. Luckily I only had a few thousand shares....but it still hurts a lot. It would be interesting if someone sued them regarding this transaction because with the trading action it feels like some people might have had improper knowledge beforehand.

I already own some Hecla, so I guess the only consolation is that we might have some adults who can actually follow through and get the job done.

Man did they just royally screw shareholders..

And talk about a 'timely' announcement to stop mining, and then 'claim' to be giving a 23% PREMIUM to the share price of the 'last 5 days'..

Sure looks like the SOBs 'planned' this sequence of events doesn't it, and the shareholders who had no idea this was coming, got screwed 'royally'..

Disclaimer: I still hadn't bought any after my last selling out some time ago cause I didn't like the way things were going since they got permitted. And yet, almost did when the price dropped on the suspension of mining announcement. But was being patient and again, did NOT see this coming.

What a friggin disaster.. for those who had positions.

Hecla Acquires Alexco Resource - July 5, 2022

https://alexcoresource.com/news/hecla-acquires-alexco-resource/

More at the link above...
COEUR D’ALENE, IDAHO – Hecla Mining Company (NYSE:HL) (Hecla) and Alexco Resource Corp. (NYSE American:AXU; TSX:AXU) (Alexco) are pleased to announce a definitive agreement for Hecla to acquire all of the outstanding common shares of Alexco that Hecla does not already own. Each outstanding common share of Alexco will be exchanged for 0.116 of a share of Hecla common stock implying consideration of US$0.47 per Alexco common share and a premium of 23% based on the companies’ 5-day volume weighted average price on the NYSE and NYSE American on July 1, 2022. In addition, Hecla will (i) provide interim financing to provide working capital and ensure the development and exploration at Keno Hill continues to be advanced and (ii) subscribe for additional common shares bringing its ownership stake to 9.9%.

They have definitely dropped the ball at a pivotal time. The delay going forward is going to cost way more $$.

I sold all of my shares at a big loss today. The silver is still there but management is horrible. They dilute the shareholders every year and they are going to dilute again if they are down more than 6 months.all during a stagflation period.

GL

Picking up shares down here >> I can wait 6 months >>
These shares are very cheap right now.

July 4th Blow Out Sale !!!!

Sinkhole.

Suspending processing of the ore operations for several months. Put an H in front of the ttps for the link to work

ttps://finance.yahoo.com/news/alexco-provides-keno-hill-operations-110000510.html

So what in the hell did they say this morn.. Down 'hard' to 57 cents..

disclaimer: haven't owned any in a while and not enamored with what they have been doing since then.. Although it has offered trading moments from time to time..
Like maybe now... hmmm

but got to find out what just happened to dump it this hard

Their lack of execution is concerning. I understand delays, but this is starting to feel like incompetence.

Been holding off buying any AXU or any miner for that matter for some time now. Just didn't like the inability of the metals to convince me they couldn't sell off, and with time, been sort of proven correct as gold is trying to hold onto $1800 and silver $21..

And couple that with AXU being like the wayward step child that just can't get out of its own way..

But have to say, at the share price of 84 cents?? While I had as a target price $3.5 when they got approved and got their act together, hell now, from this share price? $2 would be a very nice price to see..

But got the feeling the selloff in the PMs and miners isn't quite done yet... But its starting to look like its time for me to start nibbling on some and hope AXU can get its act together.

Good luck

I am pretty shocked as well at the drop in price. Of course, timing is everything and I cannot average down here because my favorite stocks - one major and one junior - have also dropped and I am averaging down in them.

Buying all I can the last few days.
Should only go up from here after this week.

Fed Rate Hike - is almost here!

Never thought it would get this low.

I’m locked and loaded here - going to sit back now and enjoy the run back over $3 and see what happens from there.

I think a couple good quarters of production and $30 silver will put Alexco over $5.

Nice work! Those AXU shares will be cheap when you look back in a year.

Good that you averaged down in FF. I picked up a few more shares recently at .218, so I am also averaging down. If it hits the teens I will buy more big time. There is a chance that both AXU and FF could get pulled down in a big market crash (like what happened with COVID) but would rebound rapidly. That is the kill shot where you buy in with all the extra money you have to risk in investing.

AXU's increase in reserves was great. Definitely helped confidence in the company in my mind.

Shorts ought to be very worried on this. Very thinly traded.

Shorts ought to be very worried on this. Very thinly traded.

This going much higher!

This going much higher!

This going much higher!

Hi SeaBlue - I picked up shares in August at $1.59, January at 1.52 and on Friday at $1.80. Probably good timing to catch the ride back up. I think there will be lots of pressure on the shorts in the near term and maybe we see a quick run to $30 silver and Alexco back over $3.

On another note, I mopped the deck buying my position down in First Mining Gold last week at $.225.

Good luck if you decide to pick up more shares.

Family Root, I think I'll average down a little bit at these levels.

She is bubbling Up!
Thanks Russia! You big D~

As a long time investor in Alexco, it’s great to hear that things are on track for a great 2022. Last year was brutal on the stock price. Have been buying shares on the way down from over $3. Look forward to a huge rebound this year. The market cap is reflecting a value of under $2.50 per resource ounce. Seems to me that at $1.50 this is a screaming bargain.

New Kitco / Alexco Video Just Out..

Dingo, that was a great article...very interesting read. Thanks.

Is there some sort of report due soon?

D.D. Everything you need to know about Alexco...
Past Present Future (Great Article)

... As the machinery grinds on at Bermingham and Flame & Moth, Alexco continues to seek new deposits. To date, only 12 per cent of the district has been explored, leaving ample opportunity for the company to continue growing its resources. In fact, Nauman says that a 2020 drilling exploration program included a discovery of a significant zone of high grade silver mineralization beneath the current Bermingham deposit. He says there are indications that the richness of the ore here may rival the famous Hector Calumet deposit, which produced 96 million ounces of silver prior to shutting down in 1972.



https://www.uphere.ca/articles/two-price-one

Let’s hope whomever bought those shares, has the ability to move the market…..

It’s very undervalued if one considers the value of the reserves and the news about the mill being able to process above its original design.

Crystal Ball says we about to go NORTH >> 1 Bag

I ho Silver Away!

One would think the upcoming report would have this moving a bit. Those drill results were impressive…..so the street must be asleep?

Silver up .43 and this barely moves. One has to wonder if the physical price going up due to Basil 3 or is it a trap.
Oil at 82.00 so many miners cannot make any profit.

Very interning dynamics.

Yes - I think First Majestic should make an offer

Nice buyout target?

Silver up a chunk and this one is down…..Manipulation!

Shouldn’t the mill be at the 400 tpd production rate ….now?…..400 times a thousand times 21 times 90 days and we have some very nice earnings.

Should be a really nice reserve report out soon. With the mill up to 400 tpd, one would think the stock price would be much higher. Woa is me.

This still one of my most favorite Lotto tickets. Like most of the silver producers, it is quite undervalued.

Not much volume. Something must be happening…..Maybe Kaplan will buy them?

You’re right Ironyman on both points. The mine is in a remote area so Covid has definitely made it much more difficult to ramp up. Unfortunately I think many on Wall Street ignore that fact and focus on the actual production and cash flow. Fortunately the run up in silver is pulling Alexco up with it. I think a couple solid quarters and this is a definite double from here.

This Covid farce has made things extremely difficult to move forward. Silver is now the most undervalued mineral in the world. Just a matter of waiting it out.. jmo

They have been missing production targets all year. Their plan was to ramp up to a million ounces a quarter. Third quarter was under 200,000, which was less than second quarter. They were to be cash flow positive by now. Still have faith in management but you can’t miss production quarter after quarter and expect Wall Street to reward you. Good thing silver is on the move.

Silver goes up .35 an this goes down?

Be great to see AXU over $2 again - miss the days when it was over $3.

$AXU just hit a new 2 month high! Double tops passed.

Earnings should be interesting.