Aldermore Share Discussion Threads

[luminoso] 20/2/2012 16:37

The price is cheap because of uncertainty. Clearly something is/has been going wrong but without a clear announcement, the market imagines the worst. When the facts are in the public domain, even unpleasant ones, the market can make an assessment of the hit, if any, the company has taken to its value and future profitability, and then in all probability the price will move up on the realisation that no fatal damage has been done. The company can argue that nothing has happened, which materially affects the share price, and therefore no rns. The market won't believe it until it knows what has happened ! A great buying opportunity is opening up here, but at what level ?

[divinausa1] 19/2/2012 09:15

i bought in 1st in old money at 25p


SP back to 2 years ago april 2010

down 50% when the gold price has put on $700 and they have doubled there production.

[daytraders] 19/2/2012 08:20

Ah i see now, that would be 8p old money.

[bluemoonpattaya] 19/2/2012 05:23

daytrader.
the point i was making was before the consolidation of 6 for 1,
the share price went about as high as 48p, if i remember correctly.
now after consolidation if things don't change, the way the company is heading
it could reach as low as 48p

[daytraders] 18/2/2012 23:26

were at pre consolidation price of 19.6p now aint we ? i thought it was 6 for 1

bluemoonpattaya - 16 Feb'12 - 08:05 - 74 of 77

the share price could be heading to pre consolidation price levels....... 48p.
if this is not sorted out quickly. the company need to inform people of what is going on before its to late.

[xcap] 16/2/2012 17:40

not in, but thinking about it seriously. Entirely agree with your assessment Thehardestbutton but you do make a sound comment when you say "..the market is rarely wrong.." and don't I know it

[thehardestbutton] 16/2/2012 10:38

For anyone who isnt aware of this site I can highly recommend it - reports on all PNG and associated areas and any mining issues, disputes, local problems etc are reported - Allied Gold is of course on their radar and so with the email alerts you get the news as soon as its available.

The last article on ALD was the following:



Seems the market is pricing in local difficulties and some sort of closure of the mine which seems unlikely or someone is betting that there is worse to come. Given that all the relevant people have agreed the Allied Gold contracts are sound and that the company has not issued an RNS to the contrary or to say that production has stopped I think this has been well oversold.

Having said that the market is rarely wrong and someone may know better but this website seems pretty close to the ehem...coal face in PNG if thats the right expression.

At these levels the pricing is ludicrously cheap and if ALD can produce the quarterly figures its suggested it will rocket back to the 240p levels where it probably should be based on 180,000 oz for the year.

I'm monitoring this price very closely.

[juju44] 16/2/2012 10:19

ditched a load of these today but retain some - i gave up

[bluemoonpattaya] 16/2/2012 08:05

the share price could be heading to pre consolidation price levels....... 48p.
if this is not sorted out quickly. the company need to inform people of what is going on before its to late.

[silverfox373] 15/2/2012 19:20

A more recent article. It's time the company put out a statement or this is going to carry on tanking.

[beckaroo] 15/2/2012 18:52

A later article suggests people arrested

[beckaroo] 15/2/2012 18:45

There has been an update of mining activities since that article dated 18th January, and it failed to mention anything. Maybe things have escalated?

[luminoso] 15/2/2012 16:17

bluemoonpattaya

thanks for those links. Was very tempted myself earlier today and glad I waited.
An rns explaining the degree of problems at the mine would seem to be necessary or market will trash price further.

[bluemoonpattaya] 15/2/2012 16:13

i sold at 158p, and had to take a 30% loss. i would like to get back in
at about 110p. but i think with all the trouble that has been going on the risk is very high.
and it's not just ALD, Barrick gold have had trouble as well.
good luck to all that are still in

[kenone] 15/2/2012 15:57

Oh great ! That explains it. Wish I'd sold this long ago. Looks like it's turning into another long term investment . Definition of long term investment : A short term investment gone wrong! But seriously it must bottom out soon. The gold is still there to be dug out. Local problems like this usually get resolved before too long.

[bluemoonpattaya] 15/2/2012 15:36

A special police taskforce is reportedly on the cards to battle theft and violence directed against Allied Gold's Gold Ridge mine

[ukgeorge] 15/2/2012 15:35

yes total dog, dropping out the ftse 250 at next shuffle must also be pushing it lower.

also back to the july 2010 breakout point now 120p.


glad i don't have many, but pretty peed off.

[bluemoonpattaya] 15/2/2012 15:23

ALD not the only gold mine having trouble in Papua New Guinea
BARRICK Gold's giant Porgera mine in the Enga province of Papua New Guinea is under a siege of escalating costs since villagers felled four power pylons two weeks ago – forcing management to wind down open cut operations.

[dvsfm] 15/2/2012 14:21

unfortunately Juju I'm thinking you maybe correct, when were supposed to be producings upto 200k oz's in the next year , were down 50% in a year. Biggest corcern is "what if one of the mines is in trouble"

[juju44] 15/2/2012 12:50

something not right here. this has turned out a total dog

[ukgeorge] 13/2/2012 15:27

i have them on a P/E of 8 for 2012 dropping to 4 for 2013. using current share price of 130p

[dvsfm] 13/2/2012 14:43

either this is very cheap, or something is very wrong, cant make up my mind which it is though

[juju44] 13/2/2012 14:01

amazing how this is charging off in the opposite direction to the rest of the goldie pack