Algold Resources Ltd. ALGDF

simply crazy valuation !!

[austrochris]

Algold got 3 Million Us Dollar from Warrants in december and will get over 5 Million Dollar from Warrants in march. With the existing Money and the 8 Million Dollar algold is ready for the 45 000 m drill program. The plan is a resource of 1,8 to 2 Million ounces of Gold and the FS in 2019 . Good shareholderbase , local community is included , even JP Morgan is shareholder . And the valuation is simply crazy. very crazy .

[austrochris]

What do you think riskmanager ?

[riskmanager]

As you said it is crazy. The problem with Algold, the last consolidation put a cold shower on this stock.  Lot of people lost some money here. But at this price, best thing to do is wait, buy and hope to get a nice resource update very soon as the CEO stated back in 2018. solid company so im not to worry at this point. you forgot to mention Osisko As well. RM

[austrochris]

Thanks a lot !

[baystock1]

Not so crazy valuation, if you take into account the coming share dilution of 100 million shares. 50 million shares to pay of the $6 million in debt due in July and anorther 50 million shares to raise the funds to complete the feasibility study that must be completed by end of year and/or for working capital. This also explains why there was a 10 for 1 reverse split. A PP cannot be done at below

[jicoop]

Just in case anyone actually cares here, this from June 1 news release which may explain todays halt. Think this is dead $$$ .. The Corporation also announces that it will be making an application to Autorite des marches financiers ("AMF"), the Corporation's principal securities regulator in Canada, under Policy Statement 12-203 respecting Management Cease Trade Orders