And Alecto will do well. That's why I invested in Alecto as Prs share price remains stagnent whilst pretty much all we invest in turns to gold. So it's time to change my investing policy and follow our investments. Hopefully Prs eventually does head north and a few of us long termers can see a return on our investment here.
I am aware Paternoster has a 12% stake in ALO. We are aiming for production in our Zambia asset by Q2 2017 with finance expected to be secured by September 2016. At current POG, ALO Mcap will stand at ~£40mill (excluding G and A and risk factor). This valuation excludes the JV we hold with Randgold, which if a multi-mill oz discovery is made, the ALO valuation will rally accordingly. Randgold's exploration campaign is expected to conclude in Q1 2017.
Fortunately, I didn't put the house on this, but it was still a decent wedge (for me). The tiny amount it's worth now makes it hardly worth selling - it has more value to me left in my portfolio as a constant and painful reminder to be more careful where I invest in future. Well, this and NTOG.
I'm hurt elevatorshoes, the board on here is dead now. Nick has sapped the energy outta all of us. And true if we wanna make money we are better of investing in our investments rather than sticking it in here. Sadly at the current price it'd be quite a loss
Your wasting your time.. You are I are playing the game wrong. Sell up, take stock and place it somewhere else and then earn it back. Mr Nick owns you nothing, He Doesn't care and has never read even one of you daily daft comments which are in the 1000's now... and all true. lol
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.