| Fri Dec 11, 1998 Report Nov-Dec 1998: Altoro Gold Corp - 1999 Bottom-Fish 100 Publisher: Kaiser Research Online Author: Copyright 1998 John A Kaiser
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| Report Nov-Dec 1998: Altoro Gold Corp - 1999 Bottom-Fish 100
Altoro Gold Corp (ATG-V)
Priority: Top
www.altoro.com
Tel: (604) 641-2755
Issued: 12,832,732
Diluted: 13,992,732
Adj Working Capital: $2,000,000
Overhead Burn: $25,925/mth
Cash Breakup: $0.16
Insider Stake: 48%
People: D O'Connor/R Beaty
Life Cycle Stage: Mid
Story: Bolivia/Brazil
TROCL Risk: 1+0+0+0+0 = 1
99 Bottom-Fish Range: $0.20-$0.29
When Da Capo merged with Vista in 1996 Altoro became the new vehicle for the South American property portfolio David O'Connor and Ross Beaty had optioned to Da Capo. Specialty Medical Concepts was rolled back 5:1, issued 2.9 million shares to O'Connor and Beaty, and raised $6.3 million through a 3 tier financing at $0.30, $0.75, and $2.00. Rick Rule was a big investor, and remains a large shareholder. The stock tanked on listing, and is only now forming a bottom amid tax loss selling and institutional window dressing. The main focus is the Tapajos gold district in Brazil, but Altoro is also looking for shale hosted gold deposits in Bolivia. This stock has the right people, excellent structure, a healthy treasury and an active program in South America.
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