You can see the official site at: http://www.alexandermining.com/

If you have a specific query please contact:

Matt Sutcliffe on +44 (0) 7887 930 758

Media and communications: press@alexandermining.com

St Swithins (public relations):
Gary Middleton on +44 (0) 20 7929 4391 or +44 (0) 7951 603 289

Address:
8th Floor, Manfield House
1 Southampton Street,
London WC2R 0LR

Tel: 00 44 207 240 7600
Fax: 00 44 207 240 9555


Alexander Mining has raised around 20m at 30p a share from institutions on top of 4.2m raised over the past year in private placings. It is expected to be capitalised at around 40m when it floats.

Alexander has been set up by Matt Sutcliffe, the former head of mining at Williams de Broand a director of corporate finance at Evolution Group, the City brokers. Sutcliffe is one of the City's most highly regarded characters in mining finance and is sure to have a strong institutional following, having listed a number of winners in his days as an adviser.

Alexander has assembled an attractive portfolio of projects in gold, silver and copper in Peru and Argentina and expects to be producing copper within the next 18 to 24 months. Sutcliffe will be well funded and has put together an impressive board that looks well worth backing.


Essentially Alexander Mining is kicking off with three projects in Argentina and one in Peru as another one in Peru is still being negotiated. Asked which of them will be given priority the answer from Dr Sutcliffe is Juramento, Juramento, Juramento, so there does not seem to be much doubt about that. It is a sedimentary hosted copper silver deposit in north west Argentina which was previously explored by Paramount Ventures and Finance between 1994 and 1997. At the end of that period a total drill indicated resource of 44.7 million ozs at 0.8% copper and 21.8 g/t silver was announced. The Alexander team reckon that the mineralization continues beyond the two areas previously drilled and would be easy to mine as Juramento is a hill. Drilling will commence in the first half of this year as well as preliminary engineering studies and metallurgical testwork. Start at the rate you intend to carry on is the cry and Dr Sutcliffe is flying out to Argentina next week for a long stay.

The Trinidad silver project and the Rachaite gold/silver/base metal projects are also in the northwest of Argentina which makes things easier to manage. Trinidad is a short distance to the north and east of the La Providencia silver mine where Cardero Resources has reported very high silver values. It lies on the northern continuation of the graben which surrounds the mine and is surrounded by Carderos Ramona licence area. Rachaite is a potentially large porphyry target situated in a favourable structural environment. Western Mining did some sampling there in 1997; it is in the same region as the big Alumbrera and Taca Taca mines; and Alexander intends to get drilling this year.. Lastly, there is the Sulcha epithrmal gold silver deposit in the Andes mountains of Peru. A widespead , mineralised outcrop has attracted local artisan miners and recent samples assayed up to 8.12 g/t gold and 1,195 g/t silver. It is also close to the Alto Chicama mine owned by Barrick with 9 million ozs gold in reserves.

An interesting portfolio and well spread geographically and in metals. All the earn-in deals on them are back-end loaded which is a sensible approach as it limits financial risk. In other words there are no up-front payments, just annual expenditure on exploration and a capped royalty if production ensues. Any project that does not live up to expectations can be dumped and the company can move on.

Directors:

Name - Role
Matthew Leslie Sutcliffe - Chairman and Chief Executive Officer
John Russell Hodder - Business Development Director
James William Ashcroft - Non-executive Director
James Snaddon Bunyan - Non-executive Director
David Robert Norwood - Non-executive Director

Person(s) interested

Pre Admission Matt Sutcliffe 16.07% Stephane Lamoine 10.53% Arc Securities 4.67% Gold Equity Holdings 4.34% Irvine Securities 3.54% Alker Investment Holdings Ltd. 3.05% After Admission Matt Sutcliffe 8.11% Stephane Lamoine 5.31%

The directors are locked in for 2 years

Matt Sutcliffe, the former head of mining at Williams de Broe and a corporate finance director at City brokers Evolution Group, has set up the group. He is one of the City's most highly regarded figures in mining and is sure to have a strong institutional following.

Alexander has assembled an attractive portfolio of projects in gold, silver and copper in Peru and Argentina and expects to produce copper in the next 18-24 months. Sutcliffe will be well funded and has put together an impressive board that looks well worth backing.

It is involved in mining exploration and intends to grow rapidly into a low cost and highly profitable diversified metal producer.

This represents a very strong buy.


Alexander Mining Well Funded For Its South American Adventures.

The boy done good as trainers of boxers used to say of their winners. Matt Sutcliffe, erstwhile mining engineer and brokers mining analyst and now executive chairman of Alexander Mining deserves the plaudit. At a time when the market for junior mining stocks in London was looking a shade droopy, to say the least, the money flowed into a placing of shares in his company prior to its listing on AIM. The company was looking for 12 million and closed the doors at 20 million having had offers of considerably more. On this basis there should a reasonable secondary market as a number of applicants were scaled down. Unfortunately no information is given about the largest shareholders in the company before and after the listing, apart from the directors.

He should also be congratulated for cementing a deal with Dennis Thomas, the eponymous head of Thomas Mining Associates, well known as a job finder for the mining industry. As an adjunct to his business Thomas had built up a portfolio of promising projects which he had secured via letters of intent using his database of 20,000 professionals in the mining industry.. Sutcliffe picked these over and has negotiated earn-in agreements on what he considered to be the five best. This must have taken considerable patience as Thomas is not an easy man to pin down.

There will be more in the pipeline as Alexander Mining has rights of first refusal on the rest and can choose to take them or let Thomas Mining Associates Project Investments shunt them on to third parties. A 45 per cent holding was acquired in TMAPI through payment of 30,000 plus monthly payments of 10,800 which continue as long as all parties are in harmony. The database of mining industry personnel was also handed over to TMAPI so Sutcliffe, who now uses the title of Dr, will not have to go far to find additional specialists as and when required. It is worth pointing out at this stage that he is not confined to TMAPI as a source of projects, but can seek them by all the usual routes.

He has already built a useful team around him. John Hodder is the only other executive as director of business development and he started life as a geologist in Australia on base metals, gold and oil projects. After a time in the UK oil industry he moved to CDC Capital Partners where he became head of the Minerals, Oil and Gas Sector. At senior management level Eileen Carr needs no introduction in London as chief financial officer. Stephane Lamoine, the business development manager is a chartered engineer who, as a mining finance specialist, has worked for a number of leading fund management and broking houses in Europe. Angus Innes is well qualified to be head of operations in South America as he was exploration manager for Billiton in Argentina and Bolivia before becoming a consultant geologist to several mining and exploration companies in South America where he is based.

Essentially Alexander Mining is kicking off with three projects in Argentina and one in Peru as another one in Peru is still being negotiated. Asked which of them will be given priority the answer from Dr Sutcliffe is Juramento, Juramento, Juramento, so there does not seem to be much doubt about that. It is a sedimentary hosted copper silver deposit in north west Argentina which was previously explored by Paramount Ventures and Finance between 1994 and 1997. At the end of that period a total drill indicated resource of 44.7 million ozs at 0.8% copper and 21.8 g/t silver was announced. The Alexander team reckon that the mineralization continues beyond the two areas previously drilled and would be easy to mine as Juramento is a hill. Drilling will commence in the first half of this year as well as preliminary engineering studies and metallurgical testwork. Start at the rate you intend to carry on is the cry and Dr Sutcliffe is flying out to Argentina next week for a long stay.

The Trinidad silver project and the Rachaite gold/silver/base metal projects are also in the northwest of Argentina which makes things easier to manage. Trinidad is a short distance to the north and east of the La Providencia silver mine where Cardero Resources has reported very high silver values. It lies on the northern continuation of the graben which surrounds the mine and is surrounded by Carderos Ramona licence area. Rachaite is a potentially large porphyry target situated in a favourable structural environment. Western Mining did some sampling there in 1997; it is in the same region as the big Alumbrera and Taca Taca mines; and Alexander intends to get drilling this year.. Lastly, there is the Sulcha epithrmal gold silver deposit in the Andes mountains of Peru. A widespead , mineralised outcrop has attracted local artisan miners and recent samples assayed up to 8.12 g/t gold and 1,195 g/t silver. It is also close to the Alto Chicama mine owned by Barrick with 9 million ozs gold in reserves.

An interesting portfolio and well spread geographically and in metals. All the earn-in deals on them are back-end loaded which is a sensible approach as it limits financial risk. In other words there are no up-front payments, just annual expenditure on exploration and a capped royalty if production ensues. Any project that does not live up to expectations can be dumped and the company can move on. The potential weakness of this company lies in communication. Dr Sutcliffe likes keeping things to himself and is notorious for not returning telephone calls. Shareholders can get very restive very quickly, as can journalists, if they feel they are being ignored. No good shedding the job on a non-exec, Matt, stay on the air and you could be on a good thing.

For the uninitiated, bhunt, kivver, ptholden and jimmy b are all the same person. He/she is a youngster who goes on various boards acting the clown.

Informer - what is the point of repeating the same post over and over again... unless ofcourse your blowing wind into something that doesn't merit it?
At one point I may have had an interest in this share. Guess I'll wait now until
a, the likes of you stop posting the same repeatative ramping speel
b, the company actually shows us something positive to invest in
c, Dr Sutcliffe answers his phone

RichieH - well said.

Incidentally I am not associated with Kivver or JimmyB - The only place that I have met with either of the 2 gentlemen (yes - I do know that Kivver is a chap and am assuming from the name that Jimmy is also a chap) is on the SEO thread...

I alsdo think that informers tactics are to keep on repeating the same old stuff - just so that je is the latest name on the thread.

My tactic is simple - whilst he repeats himelf - I will respond until we get some proper information about the company to stop any neubies getting the wrong impression about this share.

Can I sue for slander?

Baza

Minesite. Feature Story
Date: May 16, 2005

That Was The Week That Was . In London And Frankfurt.

Minews. Good morning London Correspondent. I see no smile on your face. Was it that bad?

LC. In London it was business as usual with the junior mining sector resuming its slide. Overall, the sector gave up just over 3 perc ent in value excluding new issues and departures to finish with an overall value of just under 6.2 billion. More than 1 billion has now been wiped off the value of Londons junior mining sector since the high point of just over 7.2 billion reached in the middle of March, and so it is not surprising that the institutional investors are shying away from making new commitments to the sector.

Even so, the week saw three new arrivals on AIM with Beowulf moving up from OFEX to join Eastern Mediterranean and Serabi Mining. By the end of the week both Eastern Mediterranean and Serabi were trading fractionally above their issue prices, which should be considered a positive result in the circumstances.

AFCAN had also planned to join the AIM last week but this was postponed at a very late stage with rumours of problems with the two largest shareholders (RAB and Caledon Resources) over the terms of the fundraising. Unsurprisingly given the state of the market, there are no new arrivals scheduled for the week to come.

Arcon Resources was delisted at the end of the week following completion of its takeover by Lundin Mining. Arcon was first listed in the mid-1980s as Conroy Petroleum and Natural Resources and for almost its entire life has been focussed on the development and operation of the Galmoy zinc-lead mine in Ireland. Galmoy has now been in production for more than a decade and at present is enjoying what is by far its best period of profitability. However, for most of its existence it has been struggling to survive in the face of weak metal prices. Indeed, were it not for the continuing support of its largest shareholder, Tony OReilly, sorry Dr Anthony O,Reilly, it would have probably gone under some while ago.

On the market there was little to be cheerful about with falls exceeding rises by a ratio of around two to one. Excepting tiny shells bouncing up and down on no news, the best performance was made by South China Resources which gained 12 per cent (0.5p) to finish at 4.5p though there was no news to report.

Of the larger companies Firestone Diamonds stood out with an 11 pe rcent gain to end the week at 144p following the announcement that Tim Wilkes had joined the company from De Beers to head up the development of the companys mineral portfolio. Mr Wilkes was previously General Manager Mineral Resource Management with De Beers and his appointment was clearly seen by the market as a strong statement that Firestone intends to accelerate the development of its portfolio.

Braemore Resources, one of the recent rash of tiny cash shells, was suspended from trading at 5.75p as it announced that it is to acquire a substantial nickel tailings retreatment project in Australia. The deal constitutes a reverse takeover under the AIM rules and so the stock will remain suspended until an admission document is published.

A few other companies did manage small gains but that was about it on the positive side for the week. On the downside the worst performer was Reefton, which lost 29 per cent to finish at 2.5p. There was no specific news to report but Reefton has been going through a particularly bumpy period which culminated in the recent resignation of its CEO.

Shareholders in recent arrival Copper Resources are having a miserable time with the stock giving up a further 25 per cent to end the week at 49.5p. This company has now managed to halve in value since it arrived on AIM only three weeks ago after raising 4 million at 100p per share. Another recent arrival that has been struggling since it arrived on AIM is Alexander Mining, which gave up a further 13 per cent to end at 22.25p. At one point the stock was trading below 20p, representing a 26 percent fall since its IPO a little over a month ago.

Out of the major producers, Highland Gold suffered the worst fall, giving up 15 per cent to finish the week at 176p. This will not please major shareholder Barrick which has just injected US$50million by acquiring new shares at 230p.


Minews. Thanks LC. Good Morning to our Frankfurt Correspondent. How was your week over there, and was there any excitement at the Stockday Mining & Exploration 2005 events in Frankfurt and Zurich ?

FC. First of all the the German mining stock market was relatively flat this week, with a few exceptions I will explain to you later on. The Stockday Event in Frankfurt on Tuesday got an audience of around 80 people and the highlight was the Gala Dinner in the famous Old Opera Building. During the day there had been around 14 presentations from different junior mining companies operating in different parts of the world. The show then moved on to Zurich, but the audience was pitiful...

Minews. Sad to hear that. Anyway, tell us more about your favourites and any rumours you picked up.

FC. To tell you the truth I have only one real favourite out of the mining companies attending this show and that was Southern Silver, , a company formed out of the shell Newcoast Silver just half a year ago. Its now run by the well known Manex Group out of Vancouver. The company acquired a few months ago a option to get a 100 per cent interest in the Pinabete concession in southern Chihuahua state in Mexico from Anglo American.. A first drilling programm will start shortly and as I was told it looks like some very exciting targets were found in the last few weeks. Very important to mention here is the fact that the geologist working on the property was involved in Western Silvers huge silver discovery in Mexico, too.

Minews. Anything else happening on the Frankfurt market last week ?

FC. Yes, I have to bring your attention to two companies I mentioned a few weeks ago. Large volume took place in Bougainville Copper, but this time sellers had the whip hand following the AGM. Aussie investors set the pace for German retail investors and the shares fell 16.5 per cent to Euros 0.40 on the week..

Minews. Now the second company which hopefully went up rather than down.

FC. Yes, the last mover and shaker is a good one for us too, because the company will attend our 1st Minesite Germany Forum on Thursday, the 24th of May in Frankfurt. Sorry for the marketing but Im just excited to see some real news and trading in the stock before our mining event will take place. Its the Canadian gold junior Tournigan Gold which is focussed on projects in Europe, mainly Northern Ireland and Slovakia. The rumour mill doesnt stop grinding of some new acquisitions on the horizon in the near term. The shares made a gain of over 10 % for the week closing at Euros 0.155 on the Frankfurt market. Hopefully more to follow on this one next week.

Minews. Ok. Thanks for the update and we look forward to hearing from you next week..

Just in case you missed the relevant info in the last post - I repeat it here

"Another recent arrival that has been struggling since it arrived on AIM is Alexander Mining, which gave up a further 13 per cent to end at 22.25p. At one point the stock was trading below 20p, representing a 26 percent fall since its IPO a little over a month ago."

Just to be clear - I am not de ramping this share as I do own shares having bought in twice at 21p - I just want to make sure there is a balanced view based on information being produced - not on historical sentiment.

Baza

Baza

Alex mining has fallen fallen from 39p to 22p!!!, nuff said. Watch out for people RAMPING this stock!

A dog with fleas.

ITS not that good!!

Kivver
"A dog with fleas" is/was a favourite phrase used by "Pro" to describe companies on other share BB's.
What an indictment this share is of Pro's credibility!

lol, nice one jp. Boasted about buying a quarter of million pounds worth on another site a few weeks ago, we have worked out he must over 50,000 grand down.

Kivver
"A dog with fleas" is/was a favourite phrase used by "Pro" to describe companies on other share BB's.
What an indictment this share is of Pro's credibility!

jp
lol, nice one jp. Boasted about buying a quarter of million pounds worth on another site a few weeks ago, we have worked out he must be over 50,000 grand down.


Alex mining has fallen fallen from 39p to 22p!!!, nuff said. Watch out for people RAMPING this stock!

I am very concerned about how far it is falling, anybody know why?? Serious replies only please.

Kivver
I appreciate your concern. I don't hold AXM but have a small amount of POG (Peter Hambro Mining) which has drifted from ~680p to ~515p today over the last couple of months. POG has good fundamentals and over the medium to long term will perform well. I don't profess to know anything about AXM but assuming the fundamentals are similar there will come a point when the only movement can be up. When that will be, who knows?!
Not sure I've been any help but it is just nice to know that someone else is in a similar boat sometimes!
rgds

I can't offer any help I'm afraid because there is no common sense in the market at the moment. All I know is I'm more than fed up with it and wish I knew how long it's going to go on for. Yes, POG is a good example of an established succesful cash generative company with excellent prospects, yet I'm down over 20% on them in the last couple of months, which applies similarily to the most of the rest of my holdings that I've hung onto. When it all does turn it's going to be the best buying opportunity we will probably ever see. 'When?' is the big question.

stephen
I agree with you completely. The current market is beyond comprehension. I have taken the approach of investing into cash rich, well run stocks that if I hold long enough HAVE to go up (BUR, POG, GKP)! My only speculative punt is DES!
Patience is the key at the moment and that doesn't come easily!

JP, yep, I hold some of those three (but not DES), and they are among the ones I have resisted selling because you are right, long term they HAVE to go up. I think next year I am going to heed the 'sell in May and come back later'phrase, although next year it will probably be March if there is any sign of a disproportionate downturn in sentiment lasting more than a few days like what's happened on AIM recently.

i think im right in saying axm is new start up with a good management, but at this moment have nothing to mine or sell when/if they find something then things will be different. Some would argue PCI has good management but look whats happened to them. Until then i would stay well away! DYOR!