We would love to hear your thoughts about our site and services, please take our survey here.
I agree with the 50 mil mark but there will also be c. 14.4 billion shares in issue when relisted plus an open offer according to the RNS which gives an sp of approx. .3p. Still a nice rise in sp either way
Morning cookie. Yes they shifted their exploration and it looks very positive at Kossanto
Pauldark I am relatively new to this as well so perhaps the more experienced members can help? I recently bought into ECHO and missed the date to participate in their Open Offer. However, there s a consolidation due there later this month which is after the closing of the open offer. I am not sure if that is how it works in all cases though.
From the RNS 21st December The Company also currently intends that at the time of the enlarged group's re-admission of the shares to trading on AIM, a further funding round will be undertaken by way of a placing of new shares and an open offer, to allow all shareholders to participate in providing the requisite additional working capital for the Company. MJ also mentioned consolidation in the January presentation so I think it will happen at the same time as relisting
Randgold Q1 results tomorrow so maybe some little "nuggets" in there!!
Matala will be next into production and I wonder whether with the 2 producing assets plus the JV's ALO will go on an acquisition path over the next few years. He has made comments about being a producer across a range of commodities. It all looks and feels like all the pieces of a jigsaw are falling into place.
Aghhh relisting not resisting!!!
Hi Pauldark got to hear before the end of May. I hope it doesn't drift again!! The relishing date could be in June but I think we all need to see a definitive date by the end of this month. Sp on resisting, pre consolidation, I think .34p with a mcap of around £50 million, a massive guesstimate!
Hi cookie, should hear something in the next 2/3 weeks?? A bit late now but I have 6588333 at .076 and will buy more when relisted. Over the last week or so have been looking at where else to invest and having spent so much time researching ALO before and since initially investing last year I genuinely believe ALO has a great future with great assets and strategy so have decided to save funds for here. Hurry up MJ before the missus thinks of something else to spend it on!
I've not seen this before so thought I would post this link. MJ goes into a bit more detail - worth the read.GLA https://www.linkedin.com/pulse/mark-jones-waiting-deal-done-leon-louw
Randgolds Q1 results are due on the 4/5. Hopefully an update on JV then
A couple of little mentions in the RNS from CAPD today. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CAPD&ArticleCode=ctv8cio5&ArticleHeadline=Q1_Trading_Update Hopefully our long awaited RNS is not too far away now!
Morning hj, I didn't realise that was your position so apologies if I overreacted to a post which I thought didn't represent the current circumstances. I sincerely hope we all are rewarded here particularly for those who have been here and held for as long as you and others have. ATB
What do you mean by "what else could go wrong". Apart from Matala funding which was probably due to a combination of Politics and the need for a stronger balanace sheet which Mowana will provide am not sure there is anything that has gone wrong. Alecto will also be a producer in the next couple of months from Mowana, well before 2018.
It also made me feel even MORE confident as the article was multi page in an industry magazine probably read by everyone in mining. A very public statement of their plans and intentions amongst their peers. As a business leader you wouldn't do that if your plans were anything but strong and well structured
Most we already know but some interesting extras in this. https://user-54716422671.cld.bz/Modern-Mining-April-2017
Hi cookie, yes we need an update on all fronts. I have been looking but there is very little info out there. I see Randgolds Q1 results are out on the 5/5 so may be some info on Kossanto then?
A relisting sp of 2p would be great but that would give an Mcap of £288 million as I think the shares in issue will be approx. 14.4 billion at the time of relisting. MJ said there would be a consolidation so the sp could be 2p but the all important number is the Mcap. We should here something soon. GLA
Heres to a nice blue finish today
Price moving back up now on IG