Alio Gold Inc. T.ALO

Gold Price

[centauros]

Gold price is dropping the past couple of days but SP of this stock is going up.  Is that a good sign?  Does gold price have correlation with this stock?  I imagine the SP will drop in the near term.

[auburn2]

1. the company is absurdly cheap and lots of mid tiers must be seriously interested in making takeover offers 2. they have hedged more than a year's production at significantly higher gold prices, so the more gold drops the more profit they realize on their hedges. This stock was sold down relentlessly by one seller going through BMO. They were dumping still at 84 cents. They are starting to

[auburn2]

BMO dumped another 26,000 today but as you can see their supply is mainly exhausted. All they  can do is change to the buy side or sit back and watch the stock go up without them.