AIX.V - another viewpoint on Alix Resources from the blog Vancouver Venture:
So the Venture Exchange and the BCSC pulled the rug out from Michael England's Alix Resource's Bitcoin adventure, go figure. In true VSE fashion the promotional door is left open in the second paragraph.
With regard to the proposed launch of a Bitcoin exchange (see press release dated Nov. 14, 2013), Alix Resources Corp. will not be proceeding with the implementation of a Bitcoin exchange at this time. Instead, the company will conduct additional due diligence on the Bitcoin sector prior to making a decision as to whether to implement a Bitcoin exchange. The company will provide an update to its shareholders when the due diligence process is complete.
The company further announces that it intends to continue its proposed Bitcoin service payment plan with its mining service providers, whereby such service providers will accept payment in Bitcoin for their services. Since the company's initial announcement, the company has received favourable responses from other entities in the junior public mining exploration industry, and anticipates that it may enter further Bitcoin service payment plans with others. The company will provide further updates as they arise.
So this whole Bitcoin/Alix Resources got me thinking just how much a CEO who's bio emphasizes various roles including Investor Relations runs a stable of companies that are PR machines. As I have stated before many Venture guys are in the business of selling paper and sizzle. Three of Michael's companies have sold all the sizzle the Venture has seen in the past five years except potash, diamonds and a Bakken/oil sands/shale play, always being touted on the latest hot trend in the hot proximity areas. So follow along I am going to cover Alix Resources along with Caribou King Resources, Ashburton Resources.GeoNovus is off the hook on this one.
So lets start with Alix Resources:
2007:
Only 15 news releases in six months, pro rated that would equal 30 news releases as Alix transforms from a CPC with an Alaska property and an Arizona property.
2008:
Exceptionally quite year for Alix with only 12 news releases.
Alix gets in on the coal game in Saskatchewan and quotes discoveries by other players including Goldsource Mines and Adamas.
2009:
Alix is in full news release/selling paper mode with 40 news releases in one year.
Alix and non arms length company Geo Minerals gets more coal action in the Torch River play with plenty of name dropping. February, March and April see lots of announcements to close a financing.
June 2009 ushers in the Yukon gold rush on the back of Underworld's White Gold project. and another financing.
July, September and October and again Alix milks the coal story with a lot of news releases on the upcoming coal drilling program and the proximity play. 2009 proved to be a busy year, Alix also announces another gold play in Alaska once again dropping Sumitomo's and International Tower Hill's name in the process.
Alix Resources also had to add a Stewart BC play in the mix with a proximity play to the Red Cliff property.
2010:
The news release count drops to 16 for 2010.
January starts off with a bang just before the Cambridge show with Alix jumping on the rare earth train with the following.
March the BCSC starts red flagging Alix's deals including the Alaska/ITH/Sumitomo proximity play.
In August all that paper issuing results in a 15:1 rollback time to get the presses going one more time.
October, Alix signs another Alaska deal with this quote: “We expect that the Golden Zone Property will become a very major asset for Alix,”
Somewhere along the way Alix throws a Nunavut property into the mix. The best part of this news release is the following.
Alix Resources is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all our stakeholders.
More like whatever they can sell into.
2011:
21 news releases in all in 2011 with more stock issued and deals, deals, deals..
Just in time for the Cambridge show and PDA in January a revised resource model followed up by a base metal property.
Alix signs drill contracts in March for one of their Alaska properties and finally starts drilling in August.
May Alix and non arms length Caribou drop names and pick up an old Atac Resources play in the Yukon.
Alix and Caribou claim proximity to Prophecy Platinum Wellgreen property next and report on Prophecy's results to date. Leading to another red flag at the BCSC for clarification.
Alix pulls a pretty good drill intercept (256 meters of 1.5 g/t gold) but it is contaminated with arsenic.
2012:
The press releases are slowing a bit in 2012 to only thirteen.
Corvus Gold unloads their Alaska obligation on Alix here. Jeff Pontius and Mike England pat themselves on the back with the following statement.
Jeff Pontius, Corvus Gold CEO states: “…Corvus is keenly interested in having Alix apply their knowledge gained on recently completed work north of WP to define and drill targets on the Corvus ground in this win-win partnership.”
"We are very pleased to add Corvus' West Pogo project area to our Money Rock project just west of the Pogo Mine," said Mike England, President and CEO of Alix. "There is clearly a great synergy in combining Alix' and Corvus' lands and expertise into an expanded project in this area. Our geologists are excited to fully digest the Corvus data package and get started on our 2012 field program."
I would assume that Arizona has a warmer climate to continue the stream of news during the winter months.
2013:
18 news release so far in 2013.
2013 starts off with the intention of re-starting mining operations on the Big Stick Mine in Arizona.
Then moves to a bulk sample from another property Arizona with the chance to restate history.
Next up is a Tungsten property.
And the Coup d'etat for 2013 is the Bitcoin Exchange
Followed by some serious latex glove probing by the BCSC with the following clarifications here and here.
