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 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

 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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