Alecto Energy Share Discussion Threads

[danielmiller1] 13/4/2016 12:28

BW Dan understands well enough the depth of the signifigance of this financing. In its self it's good but the number of doors opened up in China could be phenomenal as China wants. and practically needs a strong foothold in Africa........no better person to deal with than Mark Jones

[indi123] 13/4/2016 12:26

Getting good media coverage ;


[...]

[6ste] 13/4/2016 09:37

Clear the 4 million traded and this will move up more

[a2584728] 13/4/2016 09:15

Adds 2m no brainer for a 12 month hold.

[6ste] 13/4/2016 08:50

Production for over four years $1240 a onz What will it be in a year? let alone four

[falia] 13/4/2016 08:49

guys iog next one to lift off

[broncowarrior] 13/4/2016 08:44

Muted reaction today, people clearly don't understand how good this news is.

[broncowarrior] 13/4/2016 07:55

Blimey, 5 bagger today?

[paleje] 13/4/2016 07:40

Still going to need some cash imo but I doubt if that will be a problem now, well done to MJ.

[cpap man] 13/4/2016 07:25

Mark Jones, CEO of Alecto, commented:

"The signing of this agreement and, more importantly, the commitment from Xinhai to arrange Vendor Financing, de-risks the Matala Gold Project significantly and is testament to the excellent opportunity that the project represents for stake holders. In recent months, we have developed a strong relationship with both PenMin and Xinhai that has provided Alecto with the confidence we need to partner with them in both the development and operational phases of the project. There remains a lot of hard work to be done before we can commence development on the ground, but considering how far we have come since the acquisition was completed just 5 months ago, I am confident that we will deliver further progress in the months ahead."

[oilbuy] 13/4/2016 07:19

The key outputs from the FS for the assumed life of mine are summarised below: Gross Revenue 192,477,826 Less: Off-mine Cost (11,631,797) Less: Sales Commission (2,887,167) --------------------------------- --------------- Net Revenue 177,958,862 Less: Operating Cost (104,897,578) Less: Closure Cost Provision (1,789,735) Less: Capital Maintenance (1,511,386) Cash from operations 69,760,163 Interest Received 1,951,669 --------------------------------- --------------- Profit Before Tax 71,711,832 Less: Taxation Paid 10,659,791 --------------------------------- --------------- Profit After Tax 61,052,041 Less: Working Capital Movement - --------------------------------- --------------- Less: Capital Cost (15,535,252) Debt Draw Down 13,221,841 Debt Repayment (15,389,784) Net Project Cash Flow 43,348,845 ================================= =============== Key Financial Measures: Project NPV (8% discount rate) $28,592,203 Project IRR (unlevered) 52% Payback Duration 31 months

[oilbuy] 13/4/2016 07:08

Alecto Minerals plc ('Alecto' or the 'Company')Results of Matala Feasibility StudyandAgreement to Arrange Vendor Financing for the Matala Gold ProjectAlecto Minerals plc (AIM: ALO), the Africa-focussed gold and base metal exploration and development company, is delighted to announce that, following positive results from a feasibility study ('FS') on its wholly-owned Matala gold project in Zambia ('Matala' or the 'Matala Gold Project'), it has signed an agreement pursuant to which the Company is working with Yantai Xinhai Machinery Co. Ltd ('Xinhai') and PenMin (Pty) Ltd ('PenMin') with respect to the proposed construction and financing of mining operations at Matala. This latest milestone is in line with the Company's stated strategy to deliver gold production from the project as quickly as practicable.Highlights:-- PenMin has delivered a FS on Matala demonstrating positive economics for a 400,000 tonnes per annum ('tpa') oxide and transitional open pit operation with a mine life of approximately 4 years 8 months at $1,200/oz Au with exploration upside and underground potential: - Estimated capital cost for plant and infrastructure of US$14.4 million - Project NPV of US$28.6 million at an 8% discount rate - Unlevered project IRR of 52%

[danielmiller1] 11/4/2016 22:25

Not at all it's a reality why not do some proper research and check it out like I have......then there is China and Desert Gold plus whatever else.........optimism is riding high and the share price is moving north.

Of course it could all go phut, that's the game we play, but at least it would have been an honest shot unlike that dawg you pump and will no doubt dump as soon as you get your money back

[kimboy2] 11/4/2016 19:59

Evil minded opinion ? I don't think so.

Now BOTBOY consider this after all your scaremongering de ramping: Assuming, just assuming as it could be more, Randgold delineate an ore reserve of 10mill oz, ALO will be(sic) £400mill Mcap.

Isn't this just an evil minded deception which is meant to sucker victims into buying your shares for more than you were stupid enough to pay for them ?

[danielmiller1] 11/4/2016 19:50

My gosh BOTBOY you really are a nasty piece of work struggle to get the boot in.

But as you are finding you can't and none here wants your evil minded opinions.

Why not just FO and joint the other blind Cruds on your PRIVATE BB
LOLOLOLOLOLOLOLOLOLOOLOOLOLOOOOLOLOL

[kimboy2] 11/4/2016 19:45

What we learn from history is that no one learns from history;

Date Shares Price(p)23/01/2014 79m 1.5828/07/2014 32m 1.1517/11/2014 55m 0.6315/01/2015 200m 0.323/06/2015 300m 0.123/11/2015 812m 0.0805/04/2015 433m 0.08

[danielmiller1] 11/4/2016 15:29

Bought on the dip :Now holding 27 Great investment. Told you to buy Stupid 7

[sea7] 11/4/2016 08:51

Do not bring me into your deluded ramp miller.

You sit there spouting off about ALO and then claim to only hold 5 shares, which is half a pennys worth.

At least claim to hold a credible amount, or are you setting the scene, for when the next dilution takes place and the price falls, you can immediately claim to not have held any as your 5 share holding would indicate.

[exile] 11/4/2016 08:28

Hey this is looking lively ! What is going on ? Good news imminent ?

[kimboy2] 11/4/2016 08:21

Dan
They bought Kossanto East & West for £1.5m. They then sold 66% of Kossanto West for $1m. Despite this you are basing your investment on there being an ore reserve of 10mozs.

Even if this lottery win happened they still have no cash. The cost of the work will dilute them out of sight. That is what happens to small exploratory companies and why they never make money.

Of course investors can make money by the traditional P&D route while all this is going on.

[pranchalee] 11/4/2016 07:16

gold on the up,banking crisis not faraway,all good for alo.

[oilbuy] 11/4/2016 06:38

DanCan you give it a rest. This is the ALO thread. You two should share email addresses and continue your personal spat in private.