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Bullboard - Stock Discussion Forum 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 Discussion

Alio Gold Inc. > Gold Price
View:
Post by centauros on Sep 27, 2018 11:45am

Gold Price

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.
Comment by auburn2 on Sep 27, 2018 9:01pm
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 ...more  
Comment by auburn2 on Sep 27, 2018 9:09pm
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.
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