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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

Post by Saaritradeon May 27, 2017 5:13am
354 Views
Post# 26291538

Alio Gold

Alio Gold
I bought into Timmins gold few months back at 47c, they posted pretty good earnings so I considered them under valued. 
I didn't feel good about this share consolidation though so I sold all my shares the day before they started trading under Alio. I realize the value is still there but this is a junior miner with a a single producing asset and having a share price over 6 dollars a share does not look attractive! also this will open the door for posible future dilution if they need more liquidity. 
I went trough a 10 to 1 share consolidation with Can Alaska and it did not end well!!
i will keep an eye on Alio but will not buy at these levels.
Good luck to all
Sam 
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