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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 Sep 27, 2018 9:01pm
134 Views
Post# 28705694

RE:Gold Price

RE:Gold Price1. the company is absurdly cheap and lots of mid tiers must be seriously interested in making takeover offers 2. they have hedged more than a year's production at significantly higher gold prices, so the more gold drops the more profit they realize on their hedges. This stock was sold down relentlessly by one seller going through BMO. They were dumping still at 84 cents. They are starting to look like the fool I suspected they were when I first saw the dumping. The fundamentals never justified this sell-off, but the stock trajectory correlates well to others like CDM and LMC, being largely a function of sector weakness in general. However ALO already had sold off heavily before this sector capitulation so that the value reached absurd extremes and remains so.
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