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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 27, 2018 2:52pm
128 Views
Post# 28524340

RE:RE:Very poor execution

RE:RE:Very poor executionThey couldn't get the $100 million debt financing they wanted for AP. They blamed it on the conditon of the gold market. So instead they thought they would buy RPM, generate cash flow, and then build AP? That's my understanding. AMM has a project similar to Ana Paula except higher AISC so I feel AP is worth at least what AMM is trading at. I disagree with you about Greg's time at AKG. The company did very well with him at the CFO helm. You can see a stock chart of the company while he was there as evidence of that. Yes, the company collapsed after that based on geological concerns, but Greg was specifically selected to join Timmins because he built the adjacent mine now owned by TSN. TMM had been looking for a CEO for quite some time, so you give a biased and inacurrate picture of the reality.
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