Minera Alamos Price Weak as Osisko Sell Down

Minera Alamos (TSX.V: MAI)

The Minera Alamos price has been weak recently, (not helped by the lower gold price obviously), but with such positive news of the first gold pour being announced, it did seem oversold.

It has now been revealed that Osisko Gold Royalty have sold some 14 million shares between the 11th and 13th November.

 

Minera Alamos TSX.V : MAI
Stage Development
Metals Gold
Market cap C$278 m   @ 63c
Location Sonora, Zacatecas, Durango – Mexico

 

mMinera Alamos project map

 

 

Minera Alamos Share Price Weak as Osisko Gold Royalty Reduce their Holding by 21.4%

.

Minera Alamos (TSX.V: MAI) price has been weak recently, (not helped by the lower gold price obviously), but with such positive news of the first gold pour being announced, it did seem oversold.

It has now been revealed that Osisko Gold Royalty have sold some 14 million shares between the 11th and 13th November. This reduced their shareholding by 21.4%, and brought in $8,072,300.

It seems the selling has stopped, for now.

The risk to investors is that, if they try and take advantage of this lower price and buy, and run the price back up, Osisko CEO Roosen may then issue the order to commence selling again.

A bit of a dilemma, but it would seem that Osisko don’t want to sell at a lower price than the present one, so it’s possible that any buying at this level will be at the floor, provided the company delivers at the operational level of course.

Personally, as a shareholder, it’s positive to know what caused the share price weakness.

 

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email  andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

 

Disclosure

At the time pf publishing the author holds shares in Minera Alamos, bought in the market at the prevailing price on the day of purchase .