Alio Gold Inc. T.ALO

Alio Gold

[Saaritrade]

I bought into Timmins gold few months back at 47c, they posted pretty good earnings so I considered them under valued. 
I didn't feel good about this share consolidation though so I sold all my shares the day before they started trading under Alio. I realize the value is still there but this is a junior miner with a a single producing asset and having a share price over 6 dollars a share does not look attractive! also this will open the door for posible future dilution if they need more liquidity. 
I went trough a 10 to 1 share consolidation with Can Alaska and it did not end well!!
i will keep an eye on Alio but will not buy at these levels.
Good luck to all
Sam

[Weeble]

Fair enough but any time somebody pops up with a brand new user name to warn people about a stock I am suspect of their motives. There are two reasons for a company to do a share consolidation.  One is because they are in danger of survival and need to consolidate just to be able to stay on an exchange.    The other is because they are growing and maturing and need to rebrand

[intowin]

As did T.EDV. Consolidated Dec/2015