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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: 0.825High: 0.825Low: 0.825Yesterday’s Close: 0.825



Share Discussion for Alecto Min (ALO)


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GeologyStudent
Posts: 460
Off Topic
Opinion:No Opinion
Price:0.83
Midroc Lega Dembi
Today 10:38
produced 110,000 oz/year. If Wayu Boda can do the same and using CEY's AISC for Sakuri, the mine will generate £33,000,000 post-tax profit. I believe there are loyalties and other taxes to consider in Ethiopia also. Anyway, ALO's 30% interest amounts to £10,000,000 profit/year in Wayu Boda alone.
 
GeologyStudent
Posts: 460
Off Topic
Opinion:No Opinion
Price:0.83
The Lega Dembi
Today 10:32
Mine (2.5Moz): "Financial Information
In October 2009 the National Bank of Ethiopia said that Ethiopia earned US$ 540.5 million from nearly 48 tonnes of gold exports in the last 10 years. Approximately 47.9 tonnes, worth US$520.5 million, was produced by the Lege Dembi mine, run by Midroc." (http://www.ide.go.jp/English/Data/Africa_file/Company/ethiopia05.html). The mine generated £300 million of post-tax profit in 10 years (have I read that right?). The mine probably has another 10 years left. That is £30 million/year. If CEY can replicate this with Wayu Boda, we will will recieve 30%. It looks encouraging. We also have Aysid-Metekel to consider.
Shakeyourmoney
Posts: 907
Off Topic
Opinion:No Opinion
Price:0.83
Contemplating
Today 10:23
a top up & just been quoted 0.84p..so the true bid & ask are not reflected above, plenty of liquidity here & strong fundamentals..once the RNS lands on the 70/30 split deal with CEY 2p should be within sight..
GeologyStudent
Posts: 460
Off Topic
Opinion:No Opinion
Price:0.83
Wayu Boda
Today 10:15
is next to the Lega Dembi mine which hosts a 2.5Moz deposit (77 tonnes).
GeologyStudent
Posts: 460
Off Topic
Opinion:No Opinion
Price:0.83
Good information
Today 10:06
about Ethiopian gold: http://www.gse.gov.et/phocadownload/PromotionDocs/Gold%20In%20Ethiopia.pdf. It is my understanding that Wayu Boda is in the southern greenbelt.
GeologyStudent
Posts: 460
Off Topic
Opinion:No Opinion
Price:0.83
But thats
Today 09:16
a good few years down the line.
GeologyStudent
Posts: 460
Off Topic
Opinion:No Opinion
Price:0.83
Jimbo
Today 09:15
If we hit 1 million oz in Mali + 4 million oz in Ethiopia, our Mcap should be ~£60 million or SP of 8p when in production.
GeologyStudent
Posts: 460
Off Topic
Opinion:No Opinion
Price:0.83
But
Today 09:05
if the Ethiopian results are good, warranting further exploration, the planes will definitely lift off. Only a ~week until we find out.
Jimbo_Jet
Posts: 420
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (6)
RE: News
Today 09:04
Hi Gaz, you're absolutely right, ALO has got very solid foundations behind it. Fully funded, exciting prospects with major JV partner is a situation many minor goldies would kill for.

Not loosing till you sell though, that's a whole other debate isn't it ;) ...... Have I lost money on my depreciating car or negative equity house until I sell? I'm sure many have firm held views which ever way you look at it.

I sold 20% of my ALO holding couple of months back and stuck it back in CEY at 52p when I got a whiff of the new investment law being retrospective. So far that's worked out well for me as CEY's pushing north of 75p as I write this on a bull run. But long term I can probably make more here hence why I'm still heavily committed, for me at least.

It's just my opinion but I'm not sure about the not ramping thing during the 'plane taking off' era, as yes we were all excited but it just seemed that there were some incredibly optimistic claims going around by some members who I haven't heard a peep from since around that time.

Trade got banned but there's ways round if he really wanted to come back, I personally hope he does and is anyone still in contact with him? As I now realise Stubbsy sold out, when and why I don't know. And there was another chap, Applegarth was it? Who was, to say the least, a bit optimistic ;) Anyway I wish them well and we all make our own decisions.

So it's time for my ramping, I still think were going to be a minimum 10p+ share this decade. Think I'm safe on that one :)

GLA!
grimreaperspet
Posts: 146
Observation
Opinion:No Opinion
Price:0.83
View Thread (2)
RE: Planes
Today 08:52
HMMMMM? Where have I read that scenario before? Similar blue sky hopes by the same wannabe pilot who used to frequent this board.



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