Algold Resources Ltd. ALGDF

RE:RE:RE:RE:RE:Good results again

[Viosimiri]

I don't want to pick up a time frame but after they finish the drilling program they will prepare the PEA in order to understand the fesability of the mine. The problem is all the news we received to date are related with expanding the properties, doing more drilling and getting good numbers.

We know that we have the mine permit for 30 years and we know that we have a strong investors base - check their website. With this in hand I personaly don't think they need any consolidations. I own few more similar companies that they don't do any consolidation because they have good support and they don't need to make themself look too attractive to others. Like I said in one of my notes - the management need to come and give us a high level picture with some timeframes and I just sent an email to them about this. I am personally avereging down, when I can, and wait. As soon as I get a response to my email I will share.
The stock was at 0.45 last year  so there is interes and people know about ALG only that they pull out the money until ALG is coming with some real news that will move this move faster and in the right direction :)


Algold has a strong shareholder base: Board and Management own over 10%, French Family Trust +15%, Institutional Investors +40% including, Delaware Street Capital (15%), JP Morgan (10%), RBIM (10%), Wafa Mining & Petroleum (10%), Picton Mahoney (3-5%).