RE:39 million ALO shares to aquire Rye Patch Gold
hmm, makes this sense? the Florida Canion Mine is up and running and delivers cashflow... but without new findings the minelife is limited ... looks like Alio possibly overpaid..don't like it at all because Alio has enough own problems..why buying another mine with limited minelife for about 100 million$??? ... this dilutes future profits .. upside is Lincold Hill and Wilco (nearly 2 million oz of Gold combined)....
on the positive side: 2x cashlow from 2 mines maybe makes it easier finance Ana Paula ...