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Alerio Gold Corp V.ALE


Primary Symbol: C.ALE Alternate Symbol(s):  ALEEF

Alerio Gold Corp. is a Canada-based mineral exploration and development company engaged in the business of acquiring and exploring gold properties, with a focus in Guyana, South America. The Company has a 100% interest in two properties located in Guyana, South America. Its properties include Tassawini and Harpy properties. The Tassawini Gold Project totals approximately 3,413 acres (or 1,381 hectares) in size and is located approximately 175 kilometers (km) to the northwest of the capital city of Georgetown, in Guyana, South America. The Tassawini Gold Project is the Company’s principal asset. The Harpy Gold Project is located in the prolific Guiana Shield of South America, approximately 100 km south of the Tassawini Project. Both Tassawini and Harpy properties hold four mining permits. Its Purini Properties has five prospecting permits located near the Purini River in the Mazaruni Mining District No. 3, Guyana.


CSE:ALE - Post by User

Comment by Matt743on Mar 19, 2014 10:48am
128 Views
Post# 22340623

RE:wtf

RE:wtfFor just fact, look at SEDAR and check out ther interim financial statements.

The financial statements are very weak, indicating about $6,000 cash only on hand. Their current ration and working capital are negative, which is a concern for the company. 

This is the facts.

The speculation is that an MJ play would change up the game. They could issue new shares or go for a loan, or take in PPs or other means to raise capital. If they are successful in getting a license, stock may move like BUD or THC or any other of the pot stocks. Basically, this is nothing more than a gut feeling. 

Fact on why this is a better MJ play than SEW or EEC, both these stocks are doing a reverse stock split, and consolidating. Ususally this is ends up in you having less shares, and diluted the heck out of till it is back to its initial cost, leaving you with a big loss and less shares. SEW and EEC has not even indicated a change of business like TFR.

The change of business indicating that agriculture, medical....  fields are in play, is a gut feeling that this shell company is moving to an MJ play. But this is ONLY a gut feeling for most, and completely speculative. 

Risk is through the roof, and I would not recommend this play anymore more than I would recommend putting money down on a hand of blackjack. But, the potential is there like BUD, as 2 months ago, BUD had nothing more than the same business plan change. 

Do your DD and invest smartly. 
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