Post by
intowin on Jul 12, 2017 10:26pm
Possible???
Is it possible they're expecting the permits much earlier than stated and thus the need for the PP at this time? Just a thought.
Comment by
Goldhound3 on Jul 14, 2017 1:10pm
My guess is they will need to do another financing of 30 to 50 million more before the mine is up and running as there is always cost over runs.. As for permits who knows... Signed have we finally bottomed
Comment by
fb454 on Jul 14, 2017 7:59pm
Seeking Alpha report said that no further financing is needed.
Comment by
Goldhound3 on Jul 18, 2017 11:54am
Any idea why ALO is up for the third day or is it just cause gold is up
Comment by
fb454 on Jul 18, 2017 1:11pm
A little because gold is up but mostly because the deal is close to closing. GDXJ index holding back the juniors even thogh gold is up from 1207.00.
Comment by
bobofet on Jul 18, 2017 3:38pm
I think we are up because we have come so far DOWN,,,, we were at 8 bucks,, come on. dont you remember the song .. what goes down must come up Alio round and round... lol..
Comment by
Goldhound3 on Jul 18, 2017 4:24pm
It sure would be nice to be back to 8 bucks by christmas but who knows... I do know if they need more cash to get mine going the dilution will continue
Comment by
Platin2014 on Jul 18, 2017 5:37pm
I dont think they need more money. ALO has $39 M US cash as of march 31, + $50 M on Thursday + cash from QII, QIII and Q IV that should be plenty. The cost to build the mine are not coming in at the start
Comment by
zzthnx on Jul 18, 2017 10:16pm
Also, there are 4 million options at $8. associated with the 8 million shares in the PP. That would bring in an additional $32 million.