Alio Gold Inc. T.ALO

Price

[frkcaro01]

This is now the same value with rye patch added
rediculous
rye:55000
alio:90000
145000x1300=201,5 milj rev
market gap now 125 mil
0.6 price to sales ....
this is getting absurd

[auburn2]

As long as sellers are in control it can still go lower. I bought my first LN shares at 4 cents and in short order the stock was 1.5 cents. It was being liquidated. Not long after that the stock began climbing and exceeded 20 cents. These swings are very good for those able to figure them out and capitalize on them. Not so good for whiners who expect to click the buy button and go back to golf.

[sevushka]

Of course it can go lower, even 2016 lows.  That's why I am trying to build a large position with a tight stop loss (2.30 -> covered at 2.24, now in again at 1.98 avg).   Don't fall in love with a stock in a downtrend, but this one has no debt and no near term bankrupcy risk.  We should bounce to $3+ if gold prices hold.

[auburn2]

They received debt from RPM but maybe you mean no net debt because they can pay off the entire balance using cash on hand.

[auburn2]

Well, with ALO there's so much liquidity that there's no need to build a position prematurely. With this stock you should be able to buy 25% of your full position in a matter of minutes. Because of the acquisition and lots of moving parts it's less easy to say when the value is ridiculous vs when it was just ALO's previous asset base where I could take out the cash and compute a