Alderon Iron Ore Corp. (AXXDF)

[KaiserSoze]

Makes me wonder how it is possible for a company backed by Hebei not to be able to secure financing. The only possible explanation would be that Hebei did not want to back up the loan (sign as guarantor). Then management goes and signs an offtake with Glencore (with no equity investment), when Hebei paid $2.50/share for its equity investment. Just doesn't add up. Would not be shocked to see this go to zero unless Hebei steps up to the plate and helps secure financing.