Alecto Energy Share Discussion Threads

[asturius101] 17/5/2016 11:44

Interesting - I have followed this co. off and on for approx 2 years and they have never conducted a placing at market prices or above, always severely discounted. Does not bode well for shareholders....

[billthebank] 17/5/2016 09:53

Never thought I would get the opportunity to buy more of these at sub 0.1 so guess what I have taken it. Kimboy2 have you done that calculation already. Can you share or are you just being bitter as you are under water? Actually don't really know why I asked that as I don't really need to know each to their own. Good lick to you whatever you decide I have topped up as I know this will pan out FFS the CEO is buying in also clearly as he knows he will do well out of this and also he stated that he id disappointed that the share price has not reacted more positively to recent news. Only thing I would say is that he could have bought more.

[paleje] 17/5/2016 09:28

It's a buy not a sell imo. Poor placing price just reflects the state of AIM and jnr resource stocks currently plus jittery investors' lack of patience. The story is growing nicely.

[kimboy2] 17/5/2016 08:14

Yes well that 4.8m buy was about as well informed as everyone else on this board.

[kimboy2] 17/5/2016 08:07

There are a good few more placings to come before this gets anywhere near production.

[a2584728] 17/5/2016 08:04

SP will be caned

[695hwb] 17/5/2016 07:47

Fully subscribed - that's OK

[paleje] 17/5/2016 07:31

The placing announced this morning has been on the cards for some time, pity it couldn't be done at a better price, good deal for the placees.

[paleje] 16/5/2016 20:47

Ok thanks Indi, let's hope Proactive insight is good.

[danielmiller1] 16/5/2016 18:32

another real interesting and well informed post which is bound to help those researching ALO to make some informed decisions.


oilbuy 16 May'16 - 08:15 - 112 of 114 0 0

Nice 4.8M buy near full ask !

[indi123] 16/5/2016 11:16

Going off the last couple of years, the annual results should be published in the next couple of weeks. Hopefully get further detail regarding the projects then.

[indi123] 16/5/2016 10:22

Paleje - it was a Proactive statement regarding Matala.

Thanks for the link to the Randgold document.

[oilbuy] 16/5/2016 08:15

Nice 4.8M buy near full ask !

[paleje] 13/5/2016 15:37

Indi, was that Proactive's opinion or Mark Jones saying?

For Kossanto W, according to Rangold's quarterly report they started field tests Q2 so presumably a while to wait yet.

[indi123] 13/5/2016 09:11

Anytime soon we should get more detail of outlook for the remainder of the financial year. They may sneak in a small placing like they've done previously.

According to Proactive Investors we should be hearing about Matala soon.

...And the biggie Kossanto West JV with Randgold began some sort of work in February. Who knows when they'll release an update.

[broncowarrior] 12/5/2016 08:41

More news. Good interest picking up, should be b good for ALO.

[billthebank] 12/5/2016 08:36

we really do need this share to break 0.14 at the close also PAtience still required

[billthebank] 12/5/2016 08:27

Can't see this moving the share price tbh. All about Matala IMO but we will see

[oilbuy] 12/5/2016 08:25

It's called exploration.

[kimboy2] 12/5/2016 08:23

The value of the deal is $3m x the probability of the mine actually happening x discount of perhaps 10 years before any payment.

IMV that is virtually zero.

[a2584728] 12/5/2016 08:06

If this doesn't get them going nothing will.

[citycanary] 12/5/2016 07:43

IMHO this looks a good deal for ALO. The other party do all the work, shoulder the costs and ALO get a share of the money when there is some generated(!) On top of that they have the option to sell their remaining interest for 3M. A win-win for ALO. I see now why Paternoster bought into ALO expecting a minimum 4-5 bagger short term :-D GLTA and DYOR

[paleje] 12/5/2016 07:39

Looks like heads we win, tails we don't lose, no distraction from current prime focus. No idea how good or not Cora are.