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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 Franschoekon Aug 26, 2019 10:59pm
388 Views
Post# 30068391

RE:Ana Paula

RE:Ana PaulaI think, and I’ve said that I think Torex ends up with Ana Paula.  Unfortunately there is absolutely no pressure on TXG to make the deal.  The operating assets that ALO has will never generate enough free cash flow to fund exploration of Ana Paula.  I don’t understand what management was smoking when they made the decision to go this route.  If gold hits 3000, they’ll be right and I’ll be stupid, but I will make a lot more invested in smarter companies in the mean time.  I got burnt in the conversion of Timmins Gold to this thing, and I’m annoyed by that, but this still makes no sense to me.  JMHO
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