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Alio Gold Inc. T.ALO

"Alio Gold Inc is a gold mining company. It is engaged in exploration, development and production in Mexico. Its projects include San Francisco mine in Sonora, Mexico and the development stage Ana Paula project in Guerrero, Mexico."


TSX:ALO - Post by User

Comment by MisterBon Jul 25, 2017 8:38am
149 Views
Post# 26504807

RE:RE:RE:RE:RE:Gold up again

RE:RE:RE:RE:RE:Gold up againHi FB,
Just to clarify, I actually think the opportunity is based on the dog days of summer rather than the institutions selling "extra" shares of the bought deal.  There is no way (imho) that a firm, whether tier 1 or tier 2, would oversubscribe, then sell into the market the days following closure of the deal at a loss.  Selling in the days after the bought deal closed, in light volume, would not only do a disservice to the Client company (Alio), but would also do a disservice to the leads and syndicates - and I cannot see any lead doing this - makes no sense.  The deal was not struck to profit today, it was struck as an investment for tomorrow.

My 2c, but I simply don`t see it at all.

That said, I didn`t and still don`t like that management did it this early in the process, so we will have to see how they justify it on the 10th of Aug during their conference call.

Cheers & Good Luck,
B
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