Aldermore Share Discussion Threads

[windass] 05/3/2012 14:52

New note from GE&CR

[juju44] 05/3/2012 09:28

£1 was the bottom

[bluemoonpattaya] 05/3/2012 08:58

i don't know of any fines, or even if this is true.
last year (March) they had a problem at the Simberi mine when a tailing mixing tank sprung a leak. the locals said that fish were killed, but the company denied this.
i think that the company received a warning from the Department of Environment and Conservation . DYOR on this one
here is a link to an RNS with ref to the tank leak last year

[xcap] 05/3/2012 08:19

any fines bluemoon

[bluemoonpattaya] 05/3/2012 06:15

re; toxic-tailings-discharge.
" the problem started on Jan 24, at 3pm, when the pump was down and unable to pump the toxic waste through the system and the company diverted the tailings to the nearby pond."

i have worked in engineering all my life, and find this statement hard to believe. any process plant with a pump as important as this one would have another pump as a back up.
eg; 1 pump running, 1 pump back up, 1 pump being seviced
if all 3 the pumps go down, then it is down to very bad maintenance.
or they have all been sabataged.

[thehardestbutton] 05/3/2012 05:14

Doesn't seem to be any actual evidence for this story



The original date of the event was 24th Jan, over a month ago.

[boadicea] 02/3/2012 15:06

L&G tend to take the longer view, I think, being more interested in the performance over 5-10 years rather than 6 months. Could indicate ALD is best seen in that perspective - although a sharp recovery would always be welcome!

[xcap] 02/3/2012 14:44

nice bounce!

[philo124] 02/3/2012 14:23

I sincerely hope so.

[juju44] 02/3/2012 14:19

bottom is in

[daytraders] 02/3/2012 13:25

17.5p old money, surely a buy ?

[xcap] 02/3/2012 12:10

for good or bad i am in

[rastapastamasta] 02/3/2012 09:31

This is serious accumulation by L&G. They are clearly not concerned by the possibility of ALD leaving the FTSE250

[xcap] 02/3/2012 06:41

L&G have upped their stake to 8.77% from 7.32% per RNS down under. share price down 1.9% though.

[ukgeorge] 01/3/2012 09:22

$6M loss for the year, what a disaster with record gold prices. lets hope they are getting there act together

[xcap] 01/3/2012 07:54

silly mcap 200,000 producer 2012 and £200m mcap??

[divinausa1] 01/3/2012 07:20

they can only state what is happening on the ground, the market seems to want to put there own story to it though....

[xcap] 01/3/2012 07:20

down again 3% on ASX on 193k traded .
Thanks THB. cost of sales far too high. it will take next quarters results to restore a bit of confidence in the sp, my problem is that usually it takes more than a quarter to implement a commercially strategy and I am referring to cash costs coming down to below $850 per oz. Look at NGL and VGM. all imho
Gold down.

[thehardestbutton] 01/3/2012 07:15

I saw that too Divina

So if the production is up and these one off costs are just that - one offs - we should expct to see a return to profit and considerable profits given the gold price this year has been above $1700?

[divinausa1] 01/3/2012 07:10

SUBSEQUENT EVENTS



As noted in the review of operations above, on December 30, 2011, the Group entered into a 3-year $80 million gold prepayment facility. The facility was drawn down on January 3, 2012 and was used to repay the Company's $55 million in financing facilities provided by the International Finance Corporation and the Bank of South Pacific, with the balance of the funds providing substantial liquidity for the Group as it completes its existing capital expenditure projects.



No other matter or circumstance has arisen since 31 December 2011 that has significantly affected, or may significantly affect:



(a) the Group's operations in future financial years; or

(b) the results of those operations in future financial years; or

(c) the Group's state of affairs in future financial years.

[thehardestbutton] 01/3/2012 05:39

Preliminary Final Report is on the website dated today



I guess this will be in a RNS at 7am

Higher group production, together with a 33% rise in the average realised gold price to $1,620 per ounce, led to an 81% increase in revenue to $146.4 million for the year. Higher output, together with rising input costs, saw the cost of sales increase 87% to $130.1 million for the year, leaving gross profit at $16.3
million, up 43% compared with the prior corresponding period.

After corporate expenses, increased foreign exchange losses and reduced gains on financial transactions, the profit before tax fell from $5.8 million in 2010, to a loss of $6.0 million in 2011.

[rastapastamasta] 29/2/2012 13:45

Next FTSE250 quarterly review 7/3/12:



Likely to be conducted before news of ALD's Q1 performance.

Some II's will automatically sell (e.g. index trackers etc) if ALD leaves the FTSE250

[woozle1] 29/2/2012 12:30

As Buffett says, buy when others are fearful and there is uncertainty. It's probably getting kicked out of the FTSE 250, which should drive the price down but history suggests that relegated stocks (assuming the balance sheet is OK and ALD's seems fine with just a little debt and plenty of PPE) perform strongly in the months after they've been kicked out of an index.

DYOR
Woozle

[xcap] 29/2/2012 07:02

problem is that I don't think there's another RNS due until the reporting of the production of the March quarter, and that will not be until mid to late April! with no news how does this affect the sp?