Post by
PianoMan on Aug 10, 2018 11:16am
on the positive side
For sure, this is not great. I think though that most of it was known to the riches and already in the price. Currently trading at about 140M market cap. With still 2 operating mines and 1 future mine, it is not that expensive. They restructured debt and have a healthy 72M cash position so no danger here But at current gold prices and with their horrendous AISC, they need to get their act together otherwise ALO is dead in the water. This will shake many and the price is down further.
Considering assets and cash vs markeet cap and debt (I am not sarcastic) there will probably be limited downside for now on at 1.50.
good luck all
Comment by
Flopticalcube on Aug 10, 2018 11:24am
Cleary not "already in the price" as it dumped 11% today.
Comment by
2fast4uI on Aug 10, 2018 11:25am
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