Alecto Energy Share Discussion Threads

[paleje] 04/7/2016 09:00

Cheers, at least there's a rough timeframe for Matala and a fair bit going on elsewehere. Randgold should have a Q2 exploration update out soon.

[spazzz] 02/7/2016 09:51

Interview with ALO on Proactive Investors yesterday:

www.proactiveinvestors.co.uk/companies/stocktube/5208/2017-mine-commissioning-realistic-for-alecto-minerals-ceo-5208.htm

“If we get our financing in place before the end of September then we have every chance of commissioning by the end of second quarter next year. That’s a realistic target.” The words of Mark Jones, chief executive of Alecto Minerals PLC (LON:ALO) on the future of the proposed mine build at the Matala project in Zambia.

[paleje] 01/7/2016 11:38

No to the AGM but were people expecting an announcement of some sort and now selling because it didn't happen? I did notice the Kola/Cora link with HUM which I hold, didn't attach much importance but you might be right Spazz, presumably thinking could expedite Karan a bit. As they tweeted it MJ must think so too, thanks for posting.

[spazzz] 01/7/2016 06:55

Back in UK now - did anyone go to AGM yesterday?

Also, I notice from the Twitter feed on 29th June the following:

Alecto Minerals Plc
‏@AlectoMinerals
Excellent news JV partner Kola Gold hooked up with Hummingbird for #Mali #exploration incl. our #Karan JV project:
29 Jun 2016

[spazzz] 28/6/2016 10:41

Bit of a risk pranchalee but, whilst I do think the BOD have an annoying habit of painting a little too much of a rosey spin on most announcements, I also think we're way undervalued and at a transformational cross-roads.

I wouldn't be surprised to see an update issued to coincide with the AGM but WTFDIK

[oilbuy] 28/6/2016 10:37

The dip seems to be bought everytime there is a drop. With gold over $1300 per ounce we could be sitting on a very undervalued company.

[pranchalee] 28/6/2016 10:26

7million mate nice buy

[spazzz] 28/6/2016 10:17

Added @ .77p this morning.

Unfortunately I'm out the country but is anyone going to the AGM on Thursday?

[pranchalee] 24/6/2016 12:35

Sit tight mate and even add gold shares are the only buy at the moment

[billthebank] 24/6/2016 12:28

Carnage in the markets today and no share is immune.Wonder how the next few weeks will pan out even months.Wonder how property prices are holding up?

[billthebank] 08/6/2016 08:42

Patience will be required here but when the next RNS is released then I believe I will be pleased with my investment Placing done JV in situ an near to mid term low cost production awaited. No more to be said as Mark Jones has also increased his stkae. So all good as far as I am concened

[oilbuy] 08/6/2016 07:04

Alecto Minerals plc ('Alecto' or the 'Company')Director's Dealing Alecto Minerals plc (AIM: ALO), the Africa-focused gold and base metals exploration and development company, is pleased to announce that, further to its announcement of 17 May 2016, Chief Executive Officer, Mark Jones, has today subscribed for 12,500,000 new ordinary shares of 0.01p each ('Director Subscription Shares') in the capital of the Company, at a price of 0.08 pence per share, raising £10,000 (the 'Director Subscription').

[danielmiller1] 06/6/2016 17:24

great year end accounts Bill, all going to plan, those with patience will be happy bunnies this time next year..very happy.

[billthebank] 04/6/2016 08:54

ave to say Dan I have noticed the activity is once again picking up on share volumes being traded and I believe that this will increase next week. I reckon that now the placing is out of the way albeit at a disappointing 0.08p all should be well Waiting for news re Kossanto. So pleased unlike some that we have a jv with Randgold. I have a couple of million here so no big deal at the pres share price but have great expectations for ALO. I really don't care re the short term movement in the share price as I have invested here. Did think that the share price could have dropped to 0.06 and was prepared to top up if it did but not looking likely now. It also looks like our CEO has acquired his £10ks worh so maybe that has piqued some interest in others who were previously watching. maybe even family? now that the co is no longer in a closed period? From the company's last RNS he was disappointed to go to the market at this share price as he thought recent mews should have upped the interest Lets see what Kossanto West reveals? Read up a bit on Pareternoster and they seem to be picking some interesting plays that are doing well and there shares are grossly undervalued. They have nearly 500M alo shares! Watching them closely

[billthebank] 03/6/2016 08:34

As at 31 March 2016, Paternoster held US$495,365 of CULs in Alecto. On 5 April 2016, Paternoster decided to convert the CULs at a price of 0.08 pence per share into 434 million shares in the company. The company has made good progress putting in place the necessary financing in order to bring the 400,000 tonnes per annum open-pit Matala Gold Project in south-central Zambia into low-cost production in the near to mid-term. In particular, the company recently raised around GBP665,000 by way of a placing and is also at an advanced stage with regard to securing vendor financing with regard to p

[oilbuy] 03/6/2016 08:02

Buys at full ask. A good day lies ahead.

[paleje] 03/6/2016 07:44

Nick Lee updated Paternoster shareholders this morning, mentions Alecto, he sounds happy enough about the placing and *advanced stage* of vendor financing:-

As at 31 March 2016, Paternoster held US$495,365 of CULs in Alecto. On 5 April 2016, Paternoster decided to convert the CULs at a price of 0.08 pence per share into 434 million shares in the company. The company has made good progress putting in place the necessary financing in order to bring the 400,000 tonnes per annum open-pit Matala Gold Project in south-central Zambia into low-cost production in the near to mid-term. In particular, the company recently raised around GBP665,000 by way of a placing and is also at an advanced stage with regard to securing vendor financing with regard to plant and infrastructure costs.

[oilbuy] 02/6/2016 20:51

6.25M a rollover. Large overhang since the placing will take some more buying to move this north.

[danielmiller1] 02/6/2016 20:13

Whats up here 91 million buys 6 million sells and the share price falls only to recover slightly...bad news in the wings?

Any ideas floating around

[oilbuy] 02/6/2016 15:59

Nice reversal.Volume up 84M buys

[billthebank] 02/6/2016 13:02

Paleje There is no doubt in my mind hat that will indeed happen Not expecting it overnight but over the next couple of years I am expecting my investment to have ten bagged minimum. Now a 100 bag would of course be even nicer!!!!!

[paleje] 02/6/2016 10:47

AIM drift is a wonderful thing, there'll be some kicking when news arrives and there's a scramble for stock.

[bungeetrader] 02/6/2016 08:59

Surprised at this drop below the placing price, really thought it would hold up and then climb back up.
Oh well, another one for the bottom drawer..............