Alecto Energy Share Discussion Threads

[billthebank] 25/7/2016 19:50

Nearly 4% of the shares changed hands today

[oilbuy] 25/7/2016 14:08

Second wave coming245M volume wow.Breaking out !

[billthebank] 25/7/2016 11:53

Nice morning The share price seems to be holding which is good Over 150M shares traded today. Not a lot of noise here so clearly ALO very much under the radar!!!

[paleje] 25/7/2016 10:38

MJ mooted Sept on a Proactive video interview, Dan, not a promise but what they're aiming for so it isn't just Beaufort ramping.

The interview about 5 mins in:-

[danielmiller1] 25/7/2016 10:20

Chinese deal will be in place by September. I would say it's on as Beaufort would not have realised their opinion...........these guys always know things in advance.

[billthebank] 25/7/2016 10:08

If this breaks through 0.14 at the close pf play anytime soon then boom!!!

[billthebank] 25/7/2016 10:07

News this Autumn re Chinese deal Dan and some news shortly re Randgold JV IMO the next 18 months will reveal all. Having said that 80M traded this morning is interesting as is is the 20% movement. Wouldnt surprise me to see this back up to 0.13 in a few shakes. Bottom line dont really care about these short term fluctuations as in for a lot longer than that. Have to say Mark Jones comes across really well on podcasts too.

[danielmiller1] 25/7/2016 09:43

Just as Dan said.

Look at those stupid suckers who tried to knock this gem.

No need to say more, as where ignorance is bliss 'this folly to be wise.

[oilbuy] 25/7/2016 09:06

Paying full ask .10p50 M volume I'm the first hour. Beaufort article seems to have opened up some eyes !

[oilbuy] 25/7/2016 08:27

Nice to see the rerate continue this morning.23M volume

[danielmiller1] 23/7/2016 21:00

Just as Dan said above and reposted here:
DanielMiller1 6 Jun'16 - 17:24 - 2906 of 2907 0 0 edit

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

Now all we need is news from China which I think will be good and is coming soon......and this bird will fly.

Gotta hand it to Dan he is the man!

Look at all the clowns who came here to knock ALO .....THEY TALK RUBBISH BECAUSE THEY ARE LOCKED INTO A RUBBISH SHARE AND HAVE BEEN FOR YEARS........DAN TOLD THEM GDP,WAS JUNK AND AGAIN TIME HAS PROVRN DAN RIGHT.

NEXT WEEK WILL BE ANOTHER GREAT WEEK FOR ALO. GOOD LUCK ALL

[spazzz] 22/7/2016 20:57

The link to the full Beaufort Securities analyst report as posted by cpap man:

[billthebank] 22/7/2016 14:20

Nice report cpap man. I am happy with my investment

[cpap man] 22/7/2016 11:30

Alecto's acquisition of the Matala and Dunrobin gold mines was a genuinely transformational transaction. Alecto is now a Zambian focused mine developer with a 760Koz decent grade resource and a 25 year mining lease. Its West African projects are no longer the operational focus and will be progressed by JV partners such as Randgold.

The plan is to build an oxide mining operation with average production of 28Koz per annum over 5 years. Management expects the mine life to double, we believe 250Koz of production over 8 years is a reasonable target, with potential for significantly more. Importantly management plans to fund the mine with minimal new Alecto equity. Mining will be contracted-out, while c$15m of debt should be sufficient to fund the plant and other surface infrastructure.

Our valuation is based on a cashflow model of the 150Koz oxides start-up operation. We have also included G&A costs and a 20% risk factor. We calculate a 0.31p price target and recommend a SPECULATIVE BUY. Read the full report

[oilbuy] 22/7/2016 11:28

39M volume. Some big buys over the last few days !

[citycanary] 18/7/2016 10:39

Are we expecting any news here that might boost the share price in Q3? Thanks and GLTA

[danielmiller1] 13/7/2016 14:26

China news soon...........if as expected watch the birdie fly.

For those with doubts PLEASEPLEASE DONT BUY THIS SHARE.

[billthebank] 11/7/2016 12:21

And still the share price languishes Stunning really If this does drop to 0.065 I am going to double up to 5M shares. Unbelievable

[spazzz] 09/7/2016 22:08

Tip TV Finance:

In today’s CEO Interview, we meet Mark Jones, CEO at Alecto Minerals PLC, who highlights the operations, working, the new Chinese interest, and how Alecto Minerals are aiming for near-term Gold production, and joined by Charlie Gibson, Head of Mining, Edison Research; and Bonnie Hughes, Natural Resources Forecaster.

MJ chats to @OfficialTipTV about Randgold JV and getting closer to gold production #Matala: #ALO #mining #gold #Mali

[gunner71] 06/7/2016 19:10

dropping but not .65 yet

[billthebank] 05/7/2016 10:53

That is interesting that some buyers are getting in at 0.075!!! Impressive Surprised at share performance cons POG but I guess until we start producing we just have to accept that. Needing news on JV. Happy to hold. Have to say always felt that these could drop to 0.65 to buy Time will tell, If it does this investor will be topping up. GLAHS

[kiwimonk] 04/7/2016 16:30

All those sells aren't!

All the prices from 0.7449 and upwards are all BUYS.

KM

[billthebank] 04/7/2016 10:39

Lock these away for 18 months and reap my rewards. Not a long time to wait for a spec share. GLAHs Buy on nay weakness IMO NAI of course. Onzima Ventures are building a stake here as well as in JLP.