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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 asforecastson Nov 07, 2019 1:12pm
171 Views
Post# 30322441

RE:3rd Q results, Remember to breath

RE:3rd Q results, Remember to breathIt looks like mgnt is not planning to develop Ana Paula, impairement from $112mil to $37mil and the process plant down to near scrap (destined for sale?).
Florida Canyon is a ho-hum deposit, any number of companies out there scratching the earth for 1 gram/ton deposits.  Scaled back initial buy but it is so cheap and in no danger of bankruptcy so I will hang onto a small position.
Damn!  This stock probably has yet another low in it!
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