Big Al opines on the Rye Patch situation.
A very unpopular decision was made and here is my take on it. Remember that I supported Bill and Rye Patch “on the record”.
Click download link to listen on this device: Download Show
A friend of mine currently feels that in this case Alio Gold is the buy. THIS IS NOT INVESTMNT ADVICE ONLY THE OPINION OF A FRIEND WHO IS NOT AN INVESTMENT ADVISOR.
Well, we’ve covered this merger extensively over the 24 hours, so it may be interesting to get a take from a contributor on Seeking Alpha who has pretty good analysis and used to pop on here from time to time.
$ALO Alio Gold and $RPM Rye Patch Gold = A Better Future For The Shareholders?
Mar. 20, 2018 – Peter Arendas
https://seekingalpha.com/article/4157789-alio-gold-rye-patch-gold-better-future-shareholders
We did have a fun debate on the Alio / Rye Patch merger over at ceo this afternoon:
Many duplicate comments in the Alio room, but a few different ones worth reviewing:
Thanjs for this link, Excelsior!
Hi Boys is Alio Gold a BUY know ?
(RPM) Rye Patch Gold & (ALO) Alio Gold Business Combination
March 19, 2018 #Nevada & #Mexico #Gold #Producers
https://s22.q4cdn.com/397023990/files/Business-Combination-RPM_FINAL.pdf
Feb 16/18 Feb 12/18 Howald, William Carl Direct Ownership Common Shares 57 – Exercise of rights 30,500
Feb 16/18 Feb 12/18 Howald, William Carl Direct Ownership Restricted Share Units 57 – Exercise of rights -30,500
Feb 16/18 Feb 12/18 Howald, William Carl Direct Ownership Restricted Share Units 56 – Grant of rights 91,500
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Alio Gold Inc. (ALO:CA)
$ 2.68-0.15 | -5.30%
Bid: 2.67 x 900Ask: 2.72 x 2300
March 20, 2018 4:00 PMEDTVolume: 1,056,891
Not big numbers.
Apologies if this table messes up.
Analyst Recommendations 2.4
Analyst Recommendations History
2 Months Ago2.4
3 Months Ago● Strong Buy: 4● Moderate Buy: 1● Hold: 2● Moderate Sell: 0● Strong Sell: 0● Mean Rec: 1.71
Rating Current 1 Month Ago 2 Months Ago 3 Months Ago
Strong Buy 1 3 4 4
Moderate Buy 1 1 1 1
Hold 2 2 1 2
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 2.25 1.83 1.50 1.71
Sitting iN a Starbucks so hard to read!
Big Al, for one I am glad that Bill has finally called a spade a spade that the project was bigger than RPM could handle but what is frustrating is how Bill and his management team handled the PR and finances. All history now, I just hope RPM shareholders approve the deal since RPM can’t afford a $4 million cancellation fee. RPM has some great assets that I hope ALO can exploit as their success is now our success with a .48 share to 1 exchange. Good luck to us all.
That’s a good outlook Imtiaz. Agreed.
We Crocodile Gold owners did well after KL took us over. Let’s hope we Rye Patch owners will do well with Alio and that KLDX holders will do well with Hecla shares. It ain’t over till it’s over, as Yogi said.
Good point bonzo barini. I’m considering letting my RPM shares convert over to ALO and see where things develop from here.
Maybe the combined company with a larger warchest of funds and consolidated management team and board will take things to the next level on both producing assets, and the 3 main development projects.
Then again, there are so many other interesting stories in the Jr space that could greatly outperform a mid-tier, and I have a handful of mid-tiers already that I’m happy with like McEwen, Argonaut, Jaguar, Resolute, Superior, Mandalay, etc… that will provide nice upside leverage to rising gold prices. I was in Rye Patch for the Jr Developer moving into a Producer story, but that has now changed.
Hey, at least Alio didn’t buy Rubican
😮
Stateside Report Podcast – March 19, 2018:
“In this edition of the Stateside Report Podcast we take a look back at the week in gold, silver, the base metals and the stocks and then we discuss the news stories of the week including news from Alexandria Minerals $AZX, Degrey Mining $DEG.AX, Goldplay Exploration $GPLY, Silver Bull Resources $SVB, Imetal Resources $IMR, Arizona Silver Exploration $AZS, Squire Mining $SQR, Nevada Exploration $NGE, Maritime Resources $MAE, Rye Patch Gold $RPM, Klondex Mines $KDX, and NV Gold $NVX. We talk gold, silver, copper, lead, zinc, nickel, uranium, lithium and oil.”
Big Al, For those of us who hold shares in Ryepatch, what is your outlook for the price of these shares in the near term as well as in the longer term?