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Title : Alexco (AXU) (AXR.to): Kudos to Cantor
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Alexco (AXU) (AXR.to): Kudos to Cantor

The way I understand it, from persons close to the deal (as they say), the Cantor people approached Alexco the weekend of the June 3rd announcement of the U$6.5m deal price at U$1.00, told AXU they had backing for that size at that price and knew that even though the company stock had just run hard on good news, it was managed in a conservative, risk-conscious style which meant Alexco might agree to the U$1.00 price. And they did. Two months later:

The guy at Cantor who put that deal together should take a bow, that's how capitalism is supposed to work. Well done, sir or madam, make sure you show your boss this post.

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