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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (30050)	7/9/2004 11:42:58 AM
From: TheSlowLane	Respond to of 39344

Tom - Although Alamos has come back quite a bit from the depths to which it has sunk, it is still selling at a deep discount (2.30) to where the last PP was done (3.00). At the moment, the company is working on a press release regarding a vote taken this week on land ownership: "Once the agreement has been approved by the membership, Alamos Gold will make a second payment of US$780,000 to the Ejido per the agreement reached between the Ejido and Alamos Gold in May 2004. Once the consent of the membership has been obtained ownership of the lands will pass from the Ejido to Alamos Gold Inc." My bet is that the agreement was approved, but we will not know for certain until next week. Other than that, the company is continuing work on the access road (expected completion by October) and will focus on the leach pads following that. Paul