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Alecto Minerals Share Chat (ALO)



Share Price: 0.825Bid: 0.75Ask: 0.90Change: 0.00 (0.00%)No Movement on Alecto Min
Spread: 0.15Spread as %: 20.00%Open: 0.85High: 0.85Low: 0.825Yesterday’s Close: 0.825


Share Discussion for Alecto Min (ALO)


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Jal74
Posts: 354
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (2)
RE: UK Investor Show Video
Wed 21:35
With regards Ethiopia, like MJ I would much prefer a cash offer from CEY, reflective of the significant upside potential of the asset, rather than maintaining a JV with them post assessment. I just feel this will de-risk ALO from any challenges CEY may face in the foreseeable future and allow ALO to focus on developing the west African assets - be that through JV partnership OR solely.
 
GeologyStudent
Posts: 537
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (2)
UK Investor Show Video
Wed 20:12
http://m.youtube.com/watch?v=njjj7EtlblE; worth noting CEO states he wants a cash offer for the Ethiopian assets and that key shareholders have expressed intent to contribute to further funding. Both points are mentioned after 13 mins.
Uksteveg
Posts: 731
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (4)
RE: alo
Wed 19:01
I cannot really miss it, it was the only buy for seven hours......for under £5k. The volumes are very poor - I can see the mm's ticking this down more.
royoboy
Posts: 683
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (4)
RE: alo
Wed 17:32
the one for 551,111
Uksteveg
Posts: 731
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (4)
RE: alo
Wed 17:02
Where?
cookiecrew
Posts: 5,475
Observation
Opinion:No Opinion
Price:0.83
View Thread (4)
alo
Wed 16:11
Nice buy there I see
Uksteveg
Posts: 731
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (4)
RE: ALO Interim RNS extract
Wed 11:10
I'd agree the sp had been ramped up towards the end of last year, the pump and dump circus have left long ago with their profits never to be seen again. Joint Ventures are useful in that they spread the risk and costs, but there are going to be pro and cons with any arrangement. An issue of equity again has it risks but in theory if the campaign goes well then the rewards should abound. Unfortunately this has not happened this year. In any case since the season is about four or five weeks away they should be making firm decisions about how this will be fully funded, whether jv, extra shares, etc., and I think they will have a broad idea even if they are not saying.
Jimbo_Jet
Posts: 502
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (4)
RE: ALO Interim RNS extract
Wed 10:46
500koz certainly stood out for me and a roll out of the JV model, as mentioned several times in the RNS, will bring decent future income without significant expenditure on ALO's part over the coming years. However I would still like to see ALO develop at least one site on their own and gain 100% of the income. Even is they share processing facilities with a neighbouring licence area, as mentioned in the RNS, which strikes me as a very good idea.

My only concern going forward is the funding of the 2014/2015 drill season as mentioned in the RNS: 'Accordingly, the Board is considering a number of options, including further joint venture arrangements and/or potential funding opportunities, to finance the 2014/2015 field season, which is currently expected to commence in November 2014.'

I really don't fancy a repeat of January when the issue of equity/shares/dilution hit the SP from which it never recovered - although arguably the SP had been ramped beyond it's true worth prior to the issue.

I had hoped, looking at ALO's financials earlier this year, that the prospect of new shares would be well in to next year as I believed they probably had sufficient funds for the majority of the forthcoming drill season and so I was happy with that. Expecting any issue of new shares to be more than off-set by good news from the drill season.

Now that the RNS talks of..... 'to finance the 2014/2015 field season'.... I'm a bit concerned about what that might mean for us but acknowledge that they are looking at JV for possible funding. But where and with who?

I would welcome the thoughts of all you good people on the 2014/2015 drill funding issue.

GLA
Uksteveg
Posts: 731
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (4)
RE: Jal
Wed 10:08
That was strange rise, up about 25% in an hour and then right back down. I'm sure they have stockpiled enough though.
Jal74
Posts: 354
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (4)
RE: Jal
Wed 09:59
Easiest way to attract interest is to tighten the spread.........and for ALO to get some news out. By dropping the bid, I feel it causes panic amongst those invested and trigger stop loss / fear. Who knows.......maybe news is imminent and they are trying to stockpile shares. You'll note they did something not too dissimilar before the unexplained rise a few weeks ago.

I'm holding tight........the MMs can whistle



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