Alio Gold Inc. T.ALO

Florida Canyon

[auburn2]

Besides going after the hgihest grade portion once they get those towers out of the way by the end of 2018, what's the plan to get costs down? Greg looks horrible right now so eagerly going after RPM with nothing positive to show for it. He also speaks of there being no access to capital right now as though he would want to raise more money if he could. At least the balance sheet looks strong else I couldn't blame you for wanting to sell and move on. But at this EV it's just too cheap. Can they right the ship at Florida Canyon? SF doesn't concern me. It looks fine. Florida Canyon pisses me off because it's not like Greg had a gun to his head forcing him to make that acquisition. He already had Ana Paula. Sometimes these executives like to be too busy I think. Instead of just sitting on AP until a better market and conservatively mining SF, they wanted to do more and more and more.

[auburn2]

Taking a step back, I think this weakness should be strongly bought. The value is too good to ignore. But we really need more detail on Florida Canyon as it should be performing significantly better than it is. They do have good hedges though, the balance sheet is not at all strained in spite of what some are saying, and on a reserves and ounces basis you won't find anything cheaper in the

[2fast4uI]

This post has been removed in accordance with Community Policy

[auburn2]

Current assets of $114 million USD. I think you're reading analyst spin that's instead of shake out the retail crowd. They aren't in any stress well. $40 million of those liabilities reclamation and that's partly covered by the $16 million bond that's not included in current assets. Current liabilities is only $36 million. They can pay off that $36 million several times over

[auburn2]

Pershing was buying earlier today in good amounts and has now turned to the sell side. I saw the same antics by Pershing when PPR was sold off from the Quebec news. They were selling at 32 cents in some kind of big panic. It turned out that was the low and PPR is now at 51 cents a short while later.