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Alecto Minerals Share Chat (ALO)



Share Price: 0.45Bid: 0.40Ask: 0.50Change: -0.025 (-5.26%)Faller - Alecto Min
Spread: 0.10Spread as %: 25.00%Open: 0.475High: 0.475Low: 0.45Yesterday’s Close: 0.475


Share Discussion for Alecto Min (ALO)


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Jal74
Posts: 497
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.45
View Thread (2)
RE: jal and all...
Today 14:41
Might be worth dropping them a line Gazshot. Personally I think we will hear news in January but as you say, a little empathy with its shareholders does go a long way.
 
Jimbo_Jet
Posts: 555
Off Topic
Opinion:No Opinion
Price:0.45
View Thread (6)
RE: Some people are not
Today 14:35
From the below article:

http://www.proactiveinvestors.co.uk/columns/sp-angel/17504/todays-market-view-including-alecto-minerals-mariana-resources-ncondezi-energy-shanta-gold-and-others-17504.html

Alecto (LON:ALO) – Cancellation of Yorkville facility and issue of 2.8m new shares to consultant
• Alecto Minerals have cancelled their equity drawdown facility with Yorkville. Yorkville Hold some 33.9m shares representing some 3.8% of the company.
• Separately Alecto are also issuing 2.8m new shares to an unnamed consultant. It might be useful if the consultant was named?
• Conclusion: investors will be pleased to see yet another Yorkville equity drawdown facility consigned to history.
Jimbo_Jet
Posts: 555
Off Topic
Opinion:No Opinion
Price:0.45
View Thread (6)
RE: Some people are not
Today 13:25
For me it comes down to this:

Have ALO advised resumption of drilling in Nov as previously expected = NO
Have ALO got funds to drill and advance the existing exploration in Mali = YES

So what's stopping them?

But then consider this:

Have CEY released the drill updates which were expected 'around the end of July' = NO
Have CEY advised resumption of drilling in Ethiopia in the drilling season = NO
Have CEY got funds to drill and advance the existing exploration in Ethiopia = YES

For me it's too much of a coincidence that there is no news on either development when there's no shortage of cash on either front.

However, one might have been forgiven for thinking in Nov that ALO had shut up shop for some reason. But then the Kerboule Bukina Faso RNS acquisition came out of no where.

So ALO, and clearly CEY, are active outside of Mail and Ethiopia respectively so why no news? Unless..... something is going on between them that concerns both developments.

Just my 2pence.
gazshot
Posts: 1,998
Observation
Opinion:No Opinion
Price:0.45
View Thread (2)
jal and all...
Today 13:22
Its all very cloak and dagger ? Surprised no one has had any word, even if they got back to say things are progressing but not allowed to reveal in a mail. Its very strange and not very comforting. I guess GS has said it all, we sit and wait!
hj6670
Posts: 133
Off Topic
Opinion:No Opinion
Price:0.45
View Thread (6)
RE: Some people are not
Today 13:19
GS, I think these last trades are 10%ers who bought yesterday looking for a quick flip on the RNS and have moved on.....
hj6670
Posts: 133
Off Topic
Opinion:No Opinion
Price:0.45
View Thread (6)
RE: Some people are not
Today 12:49
No I've not had a response to the last 2 emails I've sent over. I am just looking to sit back and wait now with this....
GeologyStudent
Posts: 622
Off Topic
Opinion:No Opinion
Price:0.45
Jal
Today 12:34
I have not received a response also. Contact MJ via phone is the only option remaining. His number is on the RNS.
Jal74
Posts: 497
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.45
View Thread (6)
RE: Some people are not
Today 12:07
Well, I've not received a response to my email from the company. One has to believe that the company is in talks at the moment regarding a further JV or similar as I'd struggle to believe they are that complacent towards its shareholders otherwise. I wonder if HJ has received a response to his communication last week?
GeologyStudent
Posts: 622
Off Topic
Opinion:No Opinion
Price:0.45
View Thread (6)
Some people are not
Today 12:01
convinced by the outlook for ALO as evidenced by these trades. I am perplexed as to the exact ongoings at the moment as MJ stated the drilling season was to begin in November. Usually, an RNS is released to detail the secured funding prior to drilling. We are waiting.....
Jimbo_Jet
Posts: 555
Off Topic
Opinion:No Opinion
Price:0.48
View Thread (2)
RE: ALO
Tue 19:09
IIRC that statement was made in conjunction with a possible sharing of processing plant(s) with nearby neighbouring licence areas/existing operations.





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