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Alecto Minerals Share Chat (ALO)



Share Price: 0.0675Bid: 0.065Ask: 0.07Change: 0.00 (0.00%)No Movement on Alecto Min
Spread: 0.005Spread as %: 7.69%Open: 0.0675High: 0.0725Low: 0.0675Yesterday’s Close: 0.0675


Share Discussion for Alecto Minerals


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eddie82
Posts: 349
Off Topic
Opinion:No Opinion
Price:0.0675
Alo
Today 14:30
Any thoughts on if this is a good investment, looked a while bk but it seems to of gone just one way, down
Thanks in advance
 
Uksteveg
Posts: 1,123
Off Topic
Opinion:No Opinion
Price:0.0675
RE: SAV
Today 14:20
Unlikely sav are selling, they may well have offloaded a few in recent months, but the arrangements on how they acquired their shareholding, and what they actually paid, if anything, is not clear. They certainly acquired some shares @1.25 when the actual price was around half that, at least that's what the transaction value was recorded at. Most of this goes back to the fact the same person had been in charge of sav and Alo, indeed mark jones also used to be in charge at sav.
Inbrackets
Posts: 1,017
Off Topic
Opinion:No Opinion
Price:0.0675
RE: SAV
Today 12:31
SAV effectively wrote off the value of their ALO holding in their 2014 accounts. If something should come of it in the future, so be it and great, but it struck me as a reasonable move to take the hit at the time so it could be discarded and not be an issue for SAV in their own plans.

Having bought at .91p before it shot up to about 2.3, followed by it subsequent placing and tumble and tumble and tumble, I realised that things that had already dropped by 90+% could still drop another 95+%. I had followed the money, as I do believe that their are good assets at Kossanto. At least the JV should stem the constant dilution (albeit at a2/3rds cost now and allow the resource to be advanced. Whether that will then produce a 100+ bagger is a other question. Unlike awarded share options at much lower prices, I would have to make a positive decision to invest hard earned. Mmmmmmmm.

Good luck all
cookiecrew
Posts: 9,411
Off Topic
Opinion:No Opinion
Price:0.0675
RE: SAV
Today 10:42
There is another possibility, they maybe offloading now that rangold have come in
CW10
Posts: 177
Off Topic
Opinion:No Opinion
Price:0.0675
SAV
Today 08:24
If they are sellers it must be at a big loss which in turn does not say much for the stability of SAV.
hj6670
Posts: 304
Off Topic
Opinion:No Opinion
Price:0.0675
RE: seller
Today 08:13
Hi Pranchalee, about 12 months ago they had 145 million.
pranchalee
Posts: 605
Off Topic
Opinion:No Opinion
Price:0.0675
RE: seller
Fri 17:39
hiow many do sav hold
cookiecrew
Posts: 9,411
Off Topic
Opinion:No Opinion
Price:0.0675
seller
Fri 15:36
You could be right there,maybe need cash or maybe rangold don't want them holding in here just a guess
Bootros
Posts: 176
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.07
Seller
Fri 15:09
According to doc H on instagram, rumour is the persistent seller here is SAV looking to liquidate cash for ongoing costs etc.
buzzardstubble
Posts: 738
Off Topic
Opinion:Strong Buy
Price:0.0725
RE: St Bride's end of week wrap
Fri 13:16
yep a tremendous boost to the SP is possible here
bit of a delayed reaction to this positive news imo

cheers
buzz




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