Alecto Energy Share Discussion Threads

[spazzz] 21/12/2016 09:09

Well I wasn't expecting that!

At this stage it's difficult to judge exactly what this could potentially mean for us but it does look very encouraging :-)

3 months to admission document during which time I would expect that we'll have the details of Matala, Kossanto East JV and other updates ... we could be looking at a very different Alecto Minerals when trading resumes.

[paleje] 21/12/2016 08:16

Good news potentially and some breathing space, breaks the reliance on gold. As Kimboy says the overall cost remains to be seen, admission document by March which seems a long wait if they've been working on this for months. But not knocking it, a difficult situation was developing and the company is tackling it innovatively.

[still waiting] 21/12/2016 07:58

Well done guys, held this one a long while ago.

[oilbuy] 21/12/2016 07:39

Off take loan for $20M. Resource has to be defined and substantial

[kimboy2] 21/12/2016 07:18

These guys certainly don't lack ambition. As always the fortune of ALO shares will depend on the details of the financing rather than the merits of any mine.

Certainly interesting times for ALO shareholders. Best of luck to you all

[danielmiller1] 20/12/2016 15:33

oh dear is this true, no financing coming to date?

Man this is bad news for all those little punters and just before Xmas too

can someone please update me I hate rumours at best.

[danielmiller1] 17/12/2016 16:55

Just a quickie before the midday news.

Don't get suckered on yesterday's rise it's going to drop like a stone if news gets out they can't get the financing deal that they seek.

Have a great weekend lololololololo

[danielmiller1] 15/12/2016 10:26

Very sick very sick Indeed but Dan is OKÎ

[paleje] 15/12/2016 09:12

Have to say the US rate rise and hint of 3 more for next year isn't doing gold any favours. The problem is, Matala fundamentals are based on $1300 gold and they have a $1200 model which also looks attractive but obviously less so.

From what MJ told me a couple of months back they hadn't done figures below that, but Trump has happened since so I suspect they might have now. My point being if we were having problems closing funding on $1300/oz, hows it looking now.

[danielmiller1] 12/12/2016 18:40

Yes we sure did......all the way down and more drops to come.

[danielmiller1] 09/12/2016 17:06

Yes I seem to recall Kimboy being very upbeat over this Dawgie share its another GDP FOUNDERING for years going nowhere......... BUT DOWN LOLOLOLOLOLOLOLOLOLOOLO

[danielmiller1] 06/12/2016 17:46

Well another odd bod here to meet me. Come on Bot you know I dumped this pig at a good profit I even took your post into consideration.

It seems to me that these AIM Dawgs just can't play it straight. You even posted here that the CEO was not on the level.

I took your advise and got out at .011 now life is great as the pup sits well below that and from what I can see will fall further much further. Are you in this as you seem to love losers lolololololololol

[kimboy2] 06/12/2016 09:57

Daniel this seems to be following the familiar trend of you operating a childish vendetta against companies you lose money in.

Why not just wait till you have some information that may be of benefit rather than just a stream of drivel. You may actually learn something then.

[danielmiller1] 06/12/2016 09:52

Lololoololo is this dawg still kicking without any Goodall financing. Is the fall today a run down sounds like an old movie serial or soap lololololol

[danielmiller1] 05/12/2016 08:00

LOLOLOLOLOLOLOLOLOLOLOL Santa's sack is empty

[michaelfenton] 05/12/2016 05:35

fund55 - is that a hunch or perhaps you have aa good reason for that? Of course I do hope you are right.

[fund55] 04/12/2016 21:28

Expecting news this week .

[michaelfenton] 28/11/2016 08:05

Yes assuming funding arrives before Xmas this looks like a very decent RNS although mostly longterm so we will need some dosh soon enough.

[spazzz] 28/11/2016 07:56

Nice update this morning:

[danielmiller1] 27/11/2016 15:23

So glad to have dumped this dawgie and get out in profit. Got to give it to Kimboy he calLed it right and Insaw the light after reading his posts and got out in time.

Therefore I am honor bound to say THANK YOU KIMBOY YOUR WORDS OF WISDOM MADE ME AND SAVED ME A SMALL FORTUNE!

Others would do well to listen to you.

[paleje] 24/11/2016 09:40

Paternoster issued a quarterly update this morning, their take on ALO remains positive:-

Alecto Minerals plc

The company signed a non-binding letter of intent with Ashanti Gold Corp ("Ashanti"), a Toronto Venture Exchange listed public company, under which Ashanti would earn an interest in the Company's Kossanto East Gold Project in western Mali, which has a JORC-Code compliant mineral resource estimate of 247,000 oz Au and significant further upside potential. It also carried out a placing to raise GBP600,000 before expenses to provide the company with additional working capital to fund its pre-development activities on the ground in Zambia. The company continues to make progress towards its goal of bringing 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.

[oilbuy] 18/11/2016 21:54

Looking a little better CPAP MAN

[ieh fan] 18/11/2016 19:29

Another placing coming. Sorry folks. Hence rise today, running out of cash again and, more obviously, second-most viewed on HL today (as it was for the few days prior to the previous placing).
Obviously hope I'm wrong, but I'm not.
So I'm out. Good luck.