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ALO Alecto Min

0.06625
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Alecto Min ALO London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.06625 00:00:00
Open Price Low Price High Price Close Price Previous Close
0.06625
more quote information »

Alecto Energy ALO Dividends History

No dividends issued between 28 Mar 2014 and 28 Mar 2024

Top Dividend Posts

Top Posts
Posted at 26/1/2018 20:58 by paleje
Video int with Paternoster PRS, an investor in ALO, in which the director refers to ALO suspension and reincarnation as a great investment turnaround. I don't know the ins and outs, I didn't get the mins but probably about half way.
Posted at 24/1/2018 07:34 by kimboy2
It is opening up today under CRA. The valuation price is 20p or so but no doubt any holders will find out shortly.

IMV management have done an outstanding job. Whether the original ALO shareholders will actually benefit is another question.
Posted at 18/12/2017 13:30 by 1rodson
I see this Geology Student thingy is still spilling its bile on LSE. after being exposed for posting false info I wonder why LSE still allows it to post.

Ah well, I guess its the case of the inevitable hidden agenda.

My view is, and always has been that ALO even in Its cradle won't get a UK listing...just sit back and watch.

meanwhile, there are some more comic cuts from Geology.

GeologyStudent
Posts: 1,154
Off Topic
Opinion: No Opinion
Price: 0.00
Hmmm....Today 12:15I suspect there will be a 2 week Open Offer period in which shareholders can subscribe for additional shares. Thereafter, we will list on the AIM. My bet is on mid-Jan.
Posted at 15/11/2017 17:14 by 1rodson
KB2 you really dreaming what you perceive as reality.

I really trust that ALO will be as successful as youR dead duck GDP.

NEVER MIND FOR THE DELUDED SUCH AS YOU ITS BEST TO LIVE IN A FANTASY WORLD.
Posted at 15/11/2017 00:01 by red rook
1rodson,

I think there is now a good chance that we will get back on AIM. Lets' see !

Also, you shouldn't confuse shareholders and BB posters. There are probably hundreds, if not thousands, of small shareholders (PIs) holding ALO shares who deserve to get their money back. Not just a few dozen BB posters, who may or may not be shareholders, that have upset you.
Posted at 14/11/2017 22:38 by 1rodson
I would be inclined to wait until what is done is done, we still have to get listed and raise money.

Do you think it will get back on the AIM, I do not.

I saw the way these shareholders treated a lovely lady who after great in depth research warned and warned and bloody well these bums about the perilous situation of ALO, and also warned about who was scooping up the shares and today is the lRgest shareholder.....this is why I doubt an AIM listing.

If these shareholders, who have proven what an ignorant nasty bunch they are, get some money back out of this, I would like to say fraud but I won't, then that's the way it will be, if they don't that's just tough as they ignored all the repetitive warnings.
Posted at 30/9/2017 17:55 by 1rodson
Rico Dave seems to have finally shut that little tvat Kimboy up.

Now back to Alo. Over on the ramper website the deplorable LSE they are taking about how much a relisted ALO share will be. Of Course chief lying ramper Geology a Student is leading the running.

Factually Alecto does not own the Rwanda mine, nor at this stage do they have the money to buy it. They need to raise the money and if I understand this right, they may have to get a listing before raising cash. The AIM won't be entertaining this carry on, so they may need to get listed in Botswana. I see shareholders funds like the Zambezee........just flowing one way!
Posted at 13/7/2017 06:31 by 1rodson
We all have to put up with silly little mosquitos in the summer.

Now for something useful. Someone mentioned that ALO former shareholders should take a close look at companies house, because, that poster says, there's a lot of good info there relating to ALO and its subsidiaries.

But I say look further and deeper and you may find that ALO is just a subsidiary of something called PENMIN, or something like that, with Jones and Doherty listed as employees.

Beginning to sound more like another GDP stitch up or something like that.

Only with GDP it was the contracts fiasco that cost and lost them a bomb and resulted in a profit warning soon after they announced a dividend, which of course was promptly withdrawn.
Posted at 02/7/2017 21:28 by red rook
1rodson, I think you meant to write ' his word does not go very far'...

Regarding 'shareholders will be stung here!'

We will have to see what transpires in the coming days/weeks. I think it is a good policy to be distrustful of all BODs on AIM, but in the end it isn't about trust or hope or even prayer, its about making a judgment call based on the risks versus the rewards. IMO the potential rewards here outweigh the risks.

Although I do not think shareholders will be stung, I do think that shareholders have certainly been 'strung along' by MJ for the last year. However, for Aim this is not unusual. To be fair to MJ, if you are trying to get a small cap AIM miner, in this financial climate, to the next level it requires some 'creative' foot-work! I think that his attempt to achieve this with the reverse takeover of Mowana has been bold.

The suspension and delays are not necessarily bad here if it allows MJ to get things aligned for the re-admission without the shareprice being played with by MMs, and since it will mean that they should be further along the production curve at Mowana.

Going forward, I would like MJ to become more visible and proactive by organizing a series to analyst presentations and video updates to introduce the new ALO to the markets ahead of the relaunch.

I also think that soon after he will be able to announce progress on Matala. As I understand it, the Chinese funding for Matala was available dependent on the necessary loan guaranties. The door to this financing should have certainly improved post Mowana. Also, in August the quarterlies for Rangold will be published and the JV progress in Mali and elsewhere.

If MJ can get a series of good RNSs out, which he should be able to, then I think that ALO will have been a good judgment call.


Regards
Posted at 03/11/2016 21:46 by danielmiller1
Dan here suckers with probably my last post. I am now officially Cuban resident

Thank God. The moment I stepped ashore I felt like I was coming home. I have a great flat and '59 Caddy life could not be better.

I really feel for you suckers in the UK. But you too cane get out iof you want.

I SOLD THESE SHARES FOR ALMOST A DOUBLE SOME MONTHS BACK AS I WAS GOING TO BE AT SEA AND GRATEFULLY AWAY FOR WHAT YOU PLODS CALL CIVILISATION.

I was really keen on ALO as a long term play but needed the readies.

Before going on please member that this thread was closed down because I defended ALO against all comers.

Now I hate to admit this as these guys are real mean slobs but both Kimboy and S7 were dead right about this share. I doubt if they will admit that I was right along along about GDP and Mortitz thou but it does not matter even though it will still take years to get back to 10p.

ALO has been leading you guys on. No need to come screaming back at me as I will not be here to reply, besides I dont need to now.

You have all been led a merry old dance over financing as it just aint gonna happen.
Who in their right mind would lend this opportunistic bunch of chancers money. What track record have they got other cash calls, cash burns, and empty promises.

Just try and look at it from a dispassionate disposition. Anyone who knows financing will know the first thing on the table has to be the accounts history.


With the accounts of ALO to go bye, ie loss on loss on loss year on year on year the only place any decent bank would send them is to dig out a landfill site let along a gold mine. And Talking Gold mines, what is their experience, about nil check the track record of the Board yourself they come and go with the losses.

Do you serious this that the Chinese government would bank these chances...not a hope in hell.

Make some enquiries in SA, ALL THESE GUYS, PENMIN DIGMIN AND THE REST ARE ALL TOO CLOSE FOR OPENNESS. I think Mr Jones is listed as a Penmin or Digmin employee not to sure which one but check it out yourselves. Look at the holdings in ALO, warrants, options, differed shares etc, imagine how that looks on a balance sheet. The Chinese recycle enough of our rubbish without this lot and believe me from what I can gather ALO has not a chance in hell of getting financing approved from the source that they claim

Go back here to Kimboy's Post he had it sussed right enough at the time I was a third up and too blinded by more potential profit to see it. So I argued with him and S7. I was wrong. Now, from two reliable sources I know that ALO are in trouble over money and keeping to their schedule.

Dont take my word for it, dont take my word for anything just lets things naturally unfold if you wish. But form what I can gather its going down big time.

I dont pay any attention to rumours neither should you but how would you feel if there was talk that ALO had paid rampers on financial BBs actively getting those posters who oppose their views kick off. I WOULD SAY THATS IMPOSSIBLE AND I DO NOT BELIEVE IT! But check around and see for yourselves.

I have had a guts-full of deceptiveness. I look at the UK news and I feel sick honestly sick I am here for two more days to finalise the sale of all in Blackpool and thats it the last you will hear of Dan, Between NZ and Cuba my life is full and full of joy.

Look guys I actually posted this carp and I am so sorry Had I have know then what I now know I would never in a million years have posted this.

DanielMiller126 Jul '16 - 20:35 - 2915 of 2935 0 0 Edit
The key here is the financing. I am always touchy when idiots post their biased rubbishy tying to balance my comments on their dawg investments against this superb opportunity for shareholders.

The fact here is so you can see how many placings have occurred since they have been discussing finalising financing here. They keep saying financing is coming but ts been coming here for a long time and all shareholders have is dilution, more dilution and even more and believe me if financing does not come expect even more dilution! ThjeN what happens if they dont get enough to develop the mine....you bet even more dilution, it will be diluted all to hell and as Kimboys says nowt left for the

check this and ask how close is close?

RNS 30th September (interims)

'We are close to securing vendor finance.

I the world of financial dealing that statement means weeks a couple of them. Thats what is means in banking terms. Besides in the real world you just dont put out statements like that!

You see suckers "The last Placing Shares of shares represented, in aggregate, approximately 15.17 per cent. of the Company's enlarged issued share capital.

Then there are Warrants to subscribe for 40,000,000 new Ordinary Shares at the Placing Price, exercisable within 5 years from the date of Admission, these have been issued to Beaufort Securities in connection with the Placing. is it any wonder that they have a target share price of 0.31p Wise up guys!

And finally this is what they said.

"We are making steady progress towards the conclusion of a funding package for the Matala gold mine. We have every confidence that we will complete this financing and bring Matala into production in 2017, however, we are obliged to progress at the speed dictated by our counter parties and other external factors. The current fundraising will strengthen Alecto's position and enable us to complete essential pre-development activities on the ground in Zambia on a timeline within our control.

"We will be providing a full operational update in the Chairman's statement within the interim accounts so that our stakeholders can see the progress made on the ground, not only in Zambia, but across our portfolio."

What progress is that???????? To be safe I would be asking for another update....you wont get one though as they have nowt to say! EXCEPT THAT IS MORE CASH PLEASE SUCKERS!

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