Share Name Share Symbol Market Type Share ISIN Share Description
Alecto Min LSE:ALO London Ordinary Share GB00B5SCHP68 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.07375p 0.0725p 0.075p 0.07375p 0.07375p 0.07375p 27,123,792 07:48:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 3.3 0.3 0.3 3.89

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Date Time Title Posts
01/9/201600:56Alecto Minerals - African Gold & Base Metals Exploration2,934
04/3/201608:06is this a potential multibagger or not?30
16/12/201510:43Alecto Energy--Sahara Gold Explorer4,606

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Alecto Energy Daily Update: Alecto Min is listed in the General Financial sector of the London Stock Exchange with ticker ALO. The last closing price for Alecto Energy was 0.07p.
Alecto Min has a 4 week average price of 0.08p and a 12 week average price of 0.09p.
The 1 year high share price is 6.57p while the 1 year low share price is currently 0.05p.
There are currently 5,272,314,850 shares in issue and the average daily traded volume is 48,714,562 shares. The market capitalisation of Alecto Min is £3,888,332.20.
oilbuy: Nice finish today with 80M volume. Share price kissing the upper bollinger band. Looking for a breakout tomorrow. Volume up over the last two weeks. Is it people in the know buying in before news ?
sea7: Kimboy, It ought to raise a red flag, to anyone when a company states that the placing and fundraising that they have initiated, they are not participating in, due to a convenient excuse. They did not have to raise money during a closed period. Then the CEO states he will buy £10k's worth at the placing price, which will give the best chance for the share price to stay at that level for some time, which will enable those that took part in the placing, to offload, at or around the placing price, when they list the shares on 1st June. This statement, from the rns doesn't exactly instil much confidence... "There is potentially still huge upside for stakeholders if we get this right" Roughly translates as, we are not sure and even if we do get it right, there is only "potential" for upside, which could also mean nothing in return, despite getting it right. The directors will get paid salaries though, out of this placing money. This is keeping the lights on money, which will be gone in no time.
thomasthetank1: Read Beaufort Securities's note on ALECTO MINERALS PLC (ALO), out this morning, by visiting hxxps:// "The successful placement for £665,000 gross bodes well for Alecto Minerals as the company prepares to advance the 400,000 tonne per annum open-pit Matala Gold Project to the low-cost production stage in the near to medium term. Investors' faith in the company's future prospects in evident from the strong support received for the Placing, even as funds were raised at a premium to the previous fundraiser in November 2015. Meanwhile, the company continues to progress well in terms of developing the Matala project, and recently announced joint ventures with Randgold Resources and Cora Gold. We believe the company would continue to build on the excellent start it already has, leading to share price appreciation. Therefore..."
sea7: yes dan how right you were about gdp, buying at the all time high of 16.5p, crowing about it going to 30p and then panic selling as the share price collapsed. I hope you detect the sarcasm in my post. You repeated the process at afpo, when you crowed about it being the best thing since sliced bread at 3p when you were buying. It collapsed after that high, to the fraction of a penny it is today. Such a stunning record miller and here you are on the ALO board trotting out the usual lies.
billthebank: Just have to be patient here The share price clearly has a problem in breaking through 0.13 and I believe all we need is some news and off the share price will go. Watching this every 5 minutes will not make a blind bit of difference The long term this will be a good investment and at this level a fab entry point. AIMO and NAI. Just make a decision Invest or don't and then wait.
oilbuy: BillI've added the wrong chart yesterday. This chart was from when the share price was up 24% on Friday. I will correct it later. The share price has fallen a tad back inside the Bollinger bands , this might be the cause of some selling. A drop here could set the stage for the next wave of buyers.
sea7: Why on earth would I move on, when one of the reasons I bought into GDP was precisely because they were having surmountable problems, the share price was low, I bought in, the problems are being resolved and the share price is higher. I am in profit and there is still further to go. I sometimes wonder dan, whether you actually get this investing game at all.
sea7: Do not forget miller, your endless ramping of AFPO on the GDP board, which you were proclaiming was cheap as chips, when you bought at just over 3p. The share price collapsed afterwards to where it is today, less than half. You took a bath on that. Then you claimed GDP was cheap and going to 30p, when you were buying at the all time high of 16.5p and slightly lower at 15.65p, just as the share price began its inexorable decline to the low of 1.63p last july. You took a massive hit there. Now you are here ramping the hell out of this. Do not forget to make sure your fellow punters here on the ALO board know you have a track record of lying and losing.
guyswonga74: Well I timed my by badly today at 0.128p. Those warrent conversions gave the market makers the opportunity to crash the share price when it was gaining momentum. Still good volume and potential here. Well done to all who bought at 0.07 or so. I still think the share price has legs
pauladrew: Billthebank - the inducement is that the beneficiaries can buy cheap shares when the company moves to the next level and the share price is higher. Surely, it is in their interest to work hard and lift the share price to achieve this benefit. If you take a look at the older options that would mean the company's current share price would have to multiply by roughly 50x in the next 11 months to achieve any benefit.
Alecto Energy share price data is direct from the London Stock Exchange
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