Alecto Energy Share Discussion Threads

[billthebank] 08/11/2016 10:08

To be honest I dont care where he is now. Good luck to him I say wherever he is. FFS you guys can be a real miserable load of cretins. ALO I have to admit has not delivered what I was expecting either but hey ho you never know they might turn it around but at present the portents are not good. GLAHs that this story will unveil. I sold a lot of my holding luckily before the RNS re the placing was released as something didnt feel quite right. Got it right for once. I have a very small holding now here so will continue to watch from a distance.

[kimboy2] 07/11/2016 16:32

Yes Daniel was ultra bullish on GDP then just completely capitulated overnight in a very similar fashion to ALO.

Anyway I understand the medical services are very good in Cuba so he is probably in good hands.

[paleje] 07/11/2016 16:00

They don't stock your medication in Cuba then Dan? Ah well at least you can get a decent cigar.

[sea7] 07/11/2016 13:21

About time you finally admitted it Miller. You stated that this would treble by October 1st over on the GDP board. As for being a cuban resident - unlikely.

Just in case you deny it, here is your post for all too see...

DanielMiller119 Aug '16 - 16:35 - 1880 of 1962 0 0


Dan will not post until October 1 when ALO will have tripled and you mugs are still crying over GDP.

[tidy 2] 04/11/2016 08:54

Randgold"At some point our percentage of asset can be sold off or joint developed. Having the right JV partners is a key"-- Joint venture agreements entered into on three Malian gold exploration projects providing exposure to value upside at low cost:o Randgold has a 65% interest in Kossanto West and is funding all costs up to and including the completion of a pre-feasibility study

[oilbuy] 04/11/2016 08:50

Look to the future. The past makes the future and I think were in a good place.

[kimboy2] 04/11/2016 08:14

...on the back of good news as the market rises

Has there been any good news in the last 2 years ? Look at the graph. You are ignoring how the financing works.

[oilbuy] 04/11/2016 08:00

Stating the obvious. All small caps will fund raise at some point to develop assets further. The JVs are designed to further increase resource. A placing will be needed on the back of good news as the market rises. At some point our percentage of asset can be sold off or joint developed. Having the right JV partners is a key milestone. Sentiment on any good news will change the future for ALO.

[kimboy2] 04/11/2016 07:47

I think that the assets are ok. The problem is trying to develop them without money. The financial dynamics means it is very seldom good news for punters from this type of situation.

[michaelfenton] 04/11/2016 07:33

paleje - "because they're small and can be taken advantage of" sums it up nicely. Funders not interested in small in current mining environment but I think there is real value there and in ALO assets.

[kimboy2] 03/11/2016 22:55

net assets at last report £14.5m

current mcap around £4m

well undervalue

The net assets are basically what they have paid to get where they are. They are going to need a lot more net assets before they get to where the punters want them to be.

[danielmiller1] 03/11/2016 21:46

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!

[scyther] 03/11/2016 20:29

Are holders of the opinion that the placees are all but out and the share should rise on genuine demand?

[tidy 2] 03/11/2016 14:14

Mining sector likely to see inflow in investment soon – SP Angel tiptv.co.uk/2016/11/1679/

[knicol46] 03/11/2016 12:33

0.1p now showing on book - theres only 5 mm's controlling this stock

net assets at last report £14.5m

current mcap around £4m

well undervalue

[paleje] 03/11/2016 12:05

Cheers Ged5.

[knicol46] 03/11/2016 11:11

bid support gaining - full offer to buy, tick up(s) ahead

[ged5] 03/11/2016 08:40

Sorry I didn't put the link for the above.

[ged5] 03/11/2016 08:40

From today's results from Randgold (RRS):-

"Massakama JV (Alecto Minerals)

No field work has been carried out at Alecto due to access issues to a remote project in the wet season. The results of the regional lithosampling completed during the second quarter confirmed the mineralisation trend in the central part of Kobokoto permit along the NS-NNW trend at Massakama Main and Massakama South with lithosamples along a chert ridge returning results up to 3g/t. Field work will resume in October."

The weather has been dry and sunny from the second half of October (I didn't check early October) so work should be underway.

[paleje] 28/10/2016 13:34

Ah well, a few whingeing placees released and back down goes the sp, harder for Beaufort's bucket shop to sell to them next time if they don't look after them:)

[oilbuy] 27/10/2016 16:38

Finished on days high. Should see a large buy pop up later

[paleje] 27/10/2016 14:29

I hope there's some genuine news brewing behind this and not just letting the placees exit at a tiny profit/loss.

[oilbuy] 27/10/2016 13:30

3 x 25 M buys over the last few days. RSI at 20 showing us oversold. Gap upto .1p bieng filled. .2p here on good news.

[substp] 27/10/2016 13:04

There she blows.... :-)