Alio Gold Inc. T.ALO

Related to TXG?

[auburn2]

Is the sell-off related? At first I figured not since ALO was holding up and LMC continues to hold up, but now I wonder if some fund wants out of ALO because of the issues at the neighbouring TXG site. Thoughts?

[MisterB]

Auburn, I had thought that as well - fallout of the labour union issues - but I felt that it was odd the market would punish ALO for a union issue (local to TXG), and at a point where ALO isn't even close to production... Then I thought of the overall region and its poor image... so yes, I see them intertwined and ALO impacted....although logically illogical... :) B

[Goldhound3]

Never thought of that but that could be why some are selling as TXG was at 30 bucks less than a year ago...With there share price at 13 bucks now we can forget about them taking us out...My guess is if the share price  below 3.50 someone might take a run at us and offer us 4 or 4.50 a share which would suck for long term share holders... 

[auburn2]

Do you think ALO could be impacted by TXG's situation but not LMC because ALO is closer? I had mistakenly assumed Guerrero's risk perception would show in LMC's share price, which has been performing well. ALO's share price is mirroring TXG's.

[MisterB]

Well, I wouldn't expect TXG to impact all or none, not just ALO, but it may play a role.  I think the primary driver is the miss, combined with tax loss selling, and probably something else - perhaps just the delay in stripping or the minor forecast adjustment down of the whopping 4000oz in FY18...  Drill results should reinforce the high-grade nature of the project - or perhaps that