Allied Gold Share Discussion Threads

[pingu08] 30/6/2011 12:40

ajviews, I've put a basic thread up over here:



ADVFN haven't got the charts set up for the new LSE:ALD ticket yet seemingly

[ajviews] 30/6/2011 11:23

Showing a nice 500% rise post consolidation today, give it a few years for the planned growth and Gold appreciation and such an actual rise very possible here... Seen a few positive main listing press comments around and noticed a new June presentation on the web site yesterday with a few new details to look over myself -



If someone wants to volunteer to set up a new thread with the new ticker please go ahead, will otherwise have a go myself at the weekend, couldn't find instructions for how to insert the info boxes etc although have seen it posted in the past (am computer illiterate unless following instructions etc!)

[monkeywrench] 29/6/2011 11:13

Have I missed something. Why is it suspended ?

edit. Sorry, I'd forgotten.

[divinausa1] 29/6/2011 05:58

strongly up in Aussie overnight

[ajviews] 29/6/2011 00:45

And some news re the 1st Gold Ridge sales in April:

[ajviews] 28/6/2011 18:18

The buy and further interest possibly following on from the Co. presenting in London yesterday:

[divinausa1] 27/6/2011 12:07

nice 1.2 million buy today
fundies starting to buy?

[arja] 24/6/2011 13:05

thanks B - have a profitable and interesting week.

[boadicea] 24/6/2011 12:00

Good Luck - I shall be travelling most of next week but will try to follow when I can get wifi hook-up.

[arja] 24/6/2011 11:54

sounds like a good strategy Boadicea. But lack of liquidity would be a problem especially on the buy as would have to join the bidders at 270 or just above and HOPE to be hit ( sometimes I end up with 10 shares when trying that in an illquid situation ! ). But certainly I will see how it looks on monday and will use my Comsec account in OZ if I can get set. Have a nice weekend .

[boadicea] 24/6/2011 10:47

.... unless London is due a big fall shortly - which is why I would suggest looking at a pair trade, buy in Oz, sell equivalent (=6x) quantity in London if you can get a good enough price to guarantee a profit.

Yes, 6 is the ratio. In a previous post (2660) I said five and have had to edit it.

[arja] 24/6/2011 10:08

boadicea,
sorry , I am still half asleep after trading on oz market overnight !! I forgot to convert currency and it is quite a discount to Uk price as you point out. somebody who acquired shares in OZ at 270 seems to have got a real bargain and even the few on offer at 299 is a bargain .

[arja] 24/6/2011 09:31

hi boadicea,
have not looked at this board for a few days and sorry I did not thank you for your follow up comments . I notice that a few trades went through at 270 which equates to 45 on a 1:6 basis ( is that definitely the ratio ?) . final quote was 270-299 which would make it a prime short but not allowed in that stock .

[boadicea] 24/6/2011 08:46

There were some Oz trades today (last night) but share price there remains a good 10% below London.
Room for arbitrage in the Oz deferred cdi's? - A job for Arja, perhaps.

One must go up and the other down relatively* until they meet in due course.
Remember to divide Oz share price by 6 until London catches up with the consolidation.

(Code is ASX:ALD for Oz on advfn.)

*Of course could both be up or both down but by different amounts giving room for a balanced book profit.

[boadicea] 22/6/2011 16:04

The Oz deferred shares closed today at A$2.785 (30.6p equivalent) on a very wide spread, $2.35/$3.22 (equivalent 25.8/35.33p - and no trades?).

I think a lot of the Oz equity may well migrate to London.

[ajviews] 21/6/2011 16:13

The reasons for the restructuring given by the Co. are that the shareholder base is increasingly UK/European based and the London listing is intended to increase liquidity, so assume that the UK should be lead market.

Given the general sector pessimism and Allied's share price retreat from highs I would expect a positive run here next month. Optimistically, given the articles above and the generally depressed sector, I think there is every likelihood for an explosive move north in the shares of the Gold producers. Now is the time to be loading up (IMO).

[arja] 21/6/2011 12:43

sorry boadicea ! I was lazy I guess as too busy studying charts and no time for research ! ( smile ! ). Thanks for the info . So maybe Uk will now become lead market .

[arja] 21/6/2011 11:44

what is going on with regard to the UK quote for Allied? I thought it would now be ex-consolidation as in OZ .

[divinausa1] 21/6/2011 06:51

Imports of gold and silver soar 222% in India

[divinausa1] 21/6/2011 01:07

Do not be fooled. Precisely at such time is a beehive of footwork occurring beneath the surface. The miners are planting the seeds in what has always been a seminal season before the harvest. They are entering into the drilling and exploring period, which will hopefully lead to pay dirt in the autumn.

What does this imply for astute investors who are aware of the territory? It's sowing time-not selling time

[divinausa1] 19/6/2011 23:44

...History has shown us that in a precious bull market you will make a lot more money in silver than you will in gold, but you will make more than twice as much money in selected gold and silver mining stocks as you will in silver. Why? Because they are uniquely leveraged in relation to pure bullion.

...Historically, a development or exploration company that strikes it rich may eventually give you 15 o 20 times as much profit as bullion. That's why I said that mining stocks may be a license to print money!

...There is one caveat: although mining stocks should do well all through the bull market, history tells us they will probably give us the biggest returns nearer to the climatic blow-off. They will require a lot of patience, so buy now, put them away, and hang on for several years.

...Silver mining stocks should be the stars.

Ruff's Little Book of Big Fortunes in Gold and Silver
Chapter 11 Howard Ruff 2006

[shovelandspades] 17/6/2011 16:09

Excellent stock to hold to counter some risk for the expected coming carnage in the financial markets.