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After a period of consolidation between 7-7.50p this stock has broken out of the channel to continue it's downward descent to reach a new low today and is well on track to be worth around 50% of what it was less than a month ago upon relisting. I wonder when the directors will be approaching the shareholders for yet more money.
Fair play chaps. I may be talking the proverbial ***. Time will tell. Meanwhile I am looking forward to the special shareholders offer to buy a 5p share for 10p :) Roll up, roll up.....
For those who missed out on topping up at 10p when this stock relisted there will be plenty of opportunity to top up as it heads down to 5p, 2p and 1p :) The market sure ain't excited about the potential of CRA.L at the moment. ps apologies about the previous gobblydegook. I was trying to used quotes. It ended up sounding more like the gobbledygook regularly issued by the board of this company
For those who missed out on "topping up" at 10p when this stock relisted there will be plenty of opportunity to top up as it heads down to 5p, 2p and 1p :) The market sure ain't excited about the "potential" of CRA.L at the moment.
My holding today was revalued at less than 50% of what is was worth on 20th December 2016, the day before suspension. Overall I am two thirds down on my original investment, so a CRA price of 30p will be needed to break even. The management of ALO/CRA have certainly hoovered up much shareholders cash during the past thirteen months, and it is the shareholders who have taken a sizeable hit.
opening trade appears to be 10.50p Volume 70,000 [1 sf]
Am I correct in thinking the dilution was 1 new CRA share for every 300 old ALO shares? Thanks. Also, Geology Student I think you put the decimal point in the wrong place in your earlier post today. For 0.015p should it not have read 0.15p? The price prior to suspension on 21/12/2016 was around 0.07p if my memory is correct
Exactly one year to the day today since ALO was suspended from AIM and still we are waiting...
Hello ShareHunter786 Yes, I am a shareholder. No, I have not just joined the board. However, I am an infrequent visitor as indicated by my 4 posts.
It is exactly nine months today since this company's shares were suspended from the LSE and there is still no sign that they are doing anything other than lead investors up the garden path.... ps not sure why my first attempt at this post did not succeed below
It is exactly nine months today this company's shares were suspended from the LSE and there is still absolutely no sign that they are doing any other than lead "investors" up the garden path...
Technical indicators, though why I purchased this stock is largely irrelevant. What is relevant is if the company has been deliberately putting out what used to be called misinformation, but to paraphrase Donald is fake news, while knowing that shareholders are on a one way ticket to Palookaville, to quote Marlon Brando.
As an investor in ALO it is interesting how this chat forum exhibits the same echo chamber characteristics of social media. In other words, the "blind believers" have been pumping out all sorts of spurious claims as to how the share price is set to go to the moon without a single shred of evidence. The other "blind believers" have latched onto such claims to reinforce their own belief. However, a quick review of facts is in order. This is a stock which was trading at historically rock bottom prices before suspension. I purchased at the beginning of last September and within a few weeks the stock price had dropped 40%. Hardly a good sign. The suspension of this stock last December under the pretext of a "reverse takeover" was an even worse omen. Once a stock is suspended there is always a high probability it aint ever coming back, despite the b******t RNS statements. Finally, if this stock was such a one way bet, why, with interest rates at rock bottom, did they have to take out a short term loan/stock swap at the usurious rate of 20%? That suggests that smart investors, as opposed to the "blind believers" who populate places like this, can smell a rat. Assuming shareholders money has now disappeared down a black hole, or possibly non-existent copper/gold mine, the only likely recourse is legal action. Lawyers. Oh dear.