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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 sevushkaon Jun 09, 2018 1:48am
229 Views
Post# 28149281

Market needs to absorb 39 million Rye Patch shares

Market needs to absorb 39 million Rye Patch sharesI strongly believe that nothing is brewing and nothing is wrong with the management.  Instead, I believe the simplest explanation.  As it is a common case for any merger, many old shareholders want out.  Hence, also the shorting in anticipation, and the recent price declines.  What we are seeing right now is simply market digesting all those extra shares.  Fundamentally, this company is a screaming buy at current gold prices.


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