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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 auburn2on May 23, 2018 2:30pm
111 Views
Post# 28070960

RE:RE:RE:Sell or Stay???

RE:RE:RE:Sell or Stay???
ALO is very solvent with plenty of cash liquidity. What you're seeing is heavy shorting related to the transaction. At May 15 over 5% was short. ALO has a history of very low short interest as does RPM. I haven't gone over the details of the transaction but it would seem to be arbitrage.

Trading liquidity of ALO is very good so the very small short position prior to this acquisition goes to show the quality of the asset base relative to the valuation.

Lower liquidity in RPM but almost 0% shorts going back years and years.
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