Well ... It seems the property was close enough Coeur and was non-core to ALO. So they sold the property. I suppose this makes some sense then ... if they wanted to get a quick $19 million.
However, do you think this is still a bad thing? It would be interesting to see what royalties ... if there are any. Investors should be privy to that information. If it was a deal where they were getting x amount of the Coeur find, ALO should publicize it.
what's interesting... if you look at the Map below, you see all of what ALIO sold. I know ALIO has decent cash reserves for not, but these companies are being hit hard with the lower prices for Gold (and market sentiment). Yes, they received a small amount of cash up front... but I wonder if they should've held out and mined it to get as much value as possible. Where to from here, ALO?
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