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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 Aug 08, 2018 1:17pm
98 Views
Post# 28428200

RE:$1.64

RE:$1.64Right now most of us have no idea how Florida Canyon is performing. Earnings released on Friday can be thought a bad sign. Better news releases tend to happen earlier in the week. I sold some at $2 and even $1.90 just to take advantage of other situations but it was painful to get me to part with my ALO shares at those levels. I never would have expected we would see $1.60. Unless something is operationally wrong, and I personally have no idea but I know that in mining especially with new operations anything can happen, then on a NAV basis ALO should be a screaming buy. What does the balance sheet look like right now? I don't know. As far as I can tell the institutions have been accumulating shares under $2. Has anyone here flown out to the Florida Canyon mine within the past month? I doubt it, so we're all speculating in the dark.
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