Alamos Gold Inc (AGI)

[amarksp]

a few tidbits:

"Warrants to purchase 2,586,250 common shares of Alamos at $0.90 per share were exercised by shareholders by the July 22, 2003 expiry date".

from 1Q03 financials:
2,088,794 July 22, 2003 0.90
2,562,500 October 11, 2003 0.90

Interesting that 2.586M warrants exercised when only 2.089M were outstanding as of 3/31/03... That's pent up demand...

This sounds very positive to me:
"Agrarian Court proceedings stemming from two disputes concerning the Company’s contractual rights to reduce surface areas leased and payments to the Ejido Mulatos (the surface rights holders) have been completed. The judge’s rulings in these cases are expected soon. Ejido Mulatos officials and the Company have been conducting meetings and are forming a committee to promote communications. The Company is nearing completion of interviews with community members to identify concerns and establish a baseline of information. Access road improvements and evaluation of utility services has begun. Work is being provided through exploration, sampling, metallurgical testing, construction and camp services programs."

Find the reported meetings with Ejido Mulatos encouraging... Speculate the court ruling will go AGI's way, and then AGI in return will bend over backwards to accomodate the community via infrastructure improvements, etc. in $ amounts to exceed anything lost on the reduced exploration property payment...

What I like best about Alamos is their mining expertise. It cost GBN 50% of the Ivanhoe/Hollsiter property to find a company capable of mining the reserve (i.e. HL)... That would seem to be a problem with most junior gold companies, they only know exploration and have no mining expertise..., they find it difficult to mine their own property and thus have less leverage in negotiations if they want to sell the property. Chester Millar's gold mining/heap leach experience is a big plus.

If and when the Ejido Mulatos issue is successfully resolved, I believe Alamos stock price will start making new highs, given $350 POG... The fully diluted Alamos market cap per gold ounce is a bargain. See pages 18-19:
http://www.alamosgold.com/i/pdf/30351647.pdf