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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

Comment by fb454on Oct 05, 2017 9:50am
86 Views
Post# 26779855

RE:RE:RE:RE:Goldhound3,

RE:RE:RE:RE:Goldhound3,It`s not people who are selling. Cannacord couldn`t get all the stock they took to be purchased by other firms. So they are likely stuck with the leftover stock. They sell on any rally to free up cash. This isn`t a theory. This is what happens when there is too much stock. Cannacord probably told Greg that hey, do the deal with us and we`ll raise alot more than the other firm for you. So to get their fees`s they took extra stock. Now they sell. 
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