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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Allied Gold | AGLD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 34.125 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 34.125 | 34.125 |
| Top Posts |
|---|
Posted at 21/6/2011 01:07 by divinausa1 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 |
Posted at 11/6/2011 00:51 by boadicea I would agree that many fund houses knowing they will have to buy for certain funds when it goes full market in London will accumulate at least some in advance for their own account and sell on at market value to their tracker fund when it becomes eligible.This would both be good for company profits and smooth out the rise in the markets. As always there must be a relative loser - in this case other external investors (incl mm's) who might accumulate (warehouse) stock in anticipation of the new demand. Furthermore, if anticipation runs ahead of itself, there could actually be a negative reaction as new demand is more than met by this process. With enough people trying to think ahead and 'outwit' the market, it could happen, depending on the degree of awareness of the situation. There is little sign of this in the current sp, but equally the negative sentiment in Oz, caused by their grappling with the effects of a heightened exchange rate, may ensure a plentiful supply by Oz/UK arbitrage, which could have much the same effect as an overhang, with large scale migration of stock towards London. The Oz (ASX) aspect, i.e. supply/demand elasticity there, is probably one for arja to comment on as he knows that market intimately. If there is indeed a sort of Oz 'overhang', it could need sizeable discretionary UK fund investment in addition to mandatory trackers to enhance the share price significantly. |
Posted at 24/5/2011 11:41 by divinausa1 May 24 (Bloomberg) -- Commodities rebounded from the biggest drop in almost two weeks after Goldman Sachs Group Inc. advised investors to return to raw materials. Asian stocks gained and the Australian and New Zealand dollars strengthened.More here.... |
Posted at 12/5/2011 12:45 by ajviews Good to see some recent buying strength in Allied and I think the share price should be good for a continued recovery here with the UK now supposedly the lead market and more so running up to the LSE main listing at the end of June. Given the share price has recently pulled back more than is justified by co news and not in direct relation to the POG moves, the share price shouldn't really be influenced to the same extent by any general seasonal market weakness IMO.My brief read of the scheme docs on the web site show nothing that revealing for current investors but any potential new investors may find it a useful source for the company history and background to the LSE listing process. I am not entirely convinced of the merits in spending A$3.5m for this process, particularly as one of the reasons given is for the purpose of accessing future financing in UK markets which has the hallmarks of further dilution to come. However if that financing was in line with achieving the co.'s longer term growth goals of targeting 350k/oz annual production, that would be a big positive and would certainly move Allied further up the list of mid cap gold producers. For 2011 the current focus is to reach 200k/oz p.a. and the doc's confirm that Allied is currently producing at that run rate, so that reflected in reported figures combined with the undoubted interest of main UK market funds buying into what I believe will continue to be a strong market for proven gold producing co.'s and with Allied achieving inclusion into the FTSE350 indices at some point, there are a lot of positive factors here that I think will continue to support a share price advance over the remainder of 2011. - AJ |
Posted at 03/5/2011 12:40 by boadicea There are two specific negatives which sellers may have latched on to.First is the cost escalation for the quarter which appears out of proportion and is not explained adequately. There are possible explanations such as the concentration on stripping waste, not to mention incurring costs in an over-strong A$. However, some advantages from this will flow throught to future results. Secondly, the % recovery yield at gold ridge is significantly below what had been hoped for. They expect to increase this and I have no reason to doubt they will, being at present on an early learning curve. Optimisation may, of course, come at some cost. Nervous markets will tend to discount the worst. As a further aggravation, we appear to have purely artificial volatility imposed on pm prices by the malign US mega-banks (JPM, GS) with the deliberate objective of unsettling long term investors and persuading them to build in wider valuation safety margins or get out of the market altogether. This is purely a spoiling game and will just as likely backfire on them. |
Posted at 06/4/2011 17:50 by matt Agreed arja. Lucky already rich investors. |
Posted at 06/4/2011 13:08 by matt TheHardestButton - 6 Apr'11 - 02:14 - 2442 of 2447Sophisticated investors must have either a net worth of $2.5 million or have earned more than $250,000 in the past two years to qualify. This usually require certification to qualify. It means also that you give up certain rights and protections as an ordinary private investor. I always knew I wasn't sophisticated and now I can prove it! |
Posted at 06/4/2011 02:14 by thehardestbutton Matt - 5 Apr'11 - 20:06 - 2438 of 2441 The RNS says, "A$93.8 million / GBP60.1 million placement to institutional and sophisticated investors". Does this make the rest of us neither institutions nor sophisticated? -------------------- Probably!! Institutional investors are entity, company, mutual fund, insurance corporation, brokerage, or other such group that has a large amount of money or assets to invest. Sophisticated investors must have either a net worth of $2.5 million or have earned more than $250,000 in the past two years to qualify. This usually require certification to qualify. It means also that you give up certain rights and protections as an ordinary private investor. |
Posted at 05/4/2011 20:06 by matt Exactly sg31, how much effort would it have been to say either Simberi is open or has been delayed. It's just beyond belief they can be so ignorant of effective communications. We're left to assume that institutions wouldn't have just given them £60m if there were an issue!The RNS says, "A$93.8 million / GBP60.1 million placement to institutional and sophisticated investors". Does this make the rest of us neither institutions nor sophisticated? |
Posted at 22/3/2011 13:25 by cestnous Bought a shedload this am. in two isas. One shows as a sell. Paid 39.75.A bargain @ this price. Been waiting, wondering why so little action but Minesite made up my mind for me. STOP PRESS: Wits Gold Expands Its Options, And Will Now Be A Producer As Well As An_ News March 21, 2011 Allied Gold Pours Its First Gold In The Solomon Islands, And Is Now Heading Towards A Production Target Of 200,000 Ounces A Year By Our Man in Oz The disaster in Japan did more than just drag down the uranium sector. The flow of grim news is drowning out news of some promising developments elsewhere. There's no better example than the way the market has treated Allied Gold in the days following its announcement of the first gold at its Gold Ridge project in the Solomon Islands. Rather than reward a company which has delivered on its promises and taken a big step towards becoming a world-class gold miner, investors instead chose to sit on the sidelines as Japan staggered through its triple-headed catastrophe of earthquake, tsunami and nuclear crisis. Since reporting the pour last Wednesday the multiple-listed Allied (Aim, TSX and ASX) has slipped A3 cents lower to A62 cents, and sagged to as low as A54 cents at one stage. But that price might soon be viewed as the bargain of the year, as stockbrokers form a conga-line to heap praise on Allied, tipping it as A$1.00 company in the making. The importance of Gold Ridge to Allied will become clearer over the course of 2011, but the key fact is that the company is now more than a one-trick pony. Gold Ridge joins Allied's existing operating at Simberi Island in Papua New Guinea, confirming the company as a major player in the gold belt of the South Pacific. With an initial target of 120,000 ounces of gold a year, Gold Ridge puts Allied on track to meet a first stage production target of 200,000 ounces a year. That will be followed by future expansion which will raise total production to more than 300,000 ounces a year, at around US$600 per ounce. "Re-rating imminent," is how analysts at RBC Capital Markets described Allied recently. "Allied is trading to a significant discount to its peers", RBC added. Other brokers agree. Mirabaud, Oriel Securities, and Wilson HTM in Brisbane have all chimed in over the past two months with optimistic opinions on Allied. The key factor is the proof that the Gold Ridge mine works as promised. "Commencing countdown" was the heading on Oriel's review of Allied. Oriel noted that Simberi and Gold Ridge represented a strong growth platform that could take production to an annual level of 320,000 ounces by 2015. And Wilson said: "We continue to look to first gold production from the Gold Ridge project as a near-term catalyst for a re-rating". Events in Japan have postponed, but not stopped, the re-rating. Wilson tips A92 cents as a target share price, and RBC suggesting A$1.00 as the objective. More will be heard about Gold Ridge this week, following a formal opening ceremony to be held on Tuesday 22nd March, a year to the day after a reconciliation ceremony was held at the project site and sods were turned as the start of redevelopment. Prior to that, the project had spent the best part of a decade in mothballs after a small war in the Solomons. This time around, and after Allied has spent A$150 million on refurbishing and expanding the mine originally developed by Delta Gold. The project will process 2.5 million tonnes of ore a year for the recovery of 120,000 ounces of gold for a minimum of nine years at a target cost of US$650 an ounce in the first two years, falling thereafter to US$550 an ounce. With reserves currently estimated at 1.3 million ounces, and likely to rise as exploration steps up, Gold Ridge acts as a perfect complement to Allied's other project, Simberi. At its most recent reserve estimate Simberi boasted 2.1 million ounces. Together, the two mines mean that Allied can officially talk about 3.4 million ounces in reserve and 8.3 million ounces in resources, a bigger reserve base than many of its better-known peers, and enough to provide material for at least 10 years of open pit mining. In his latest presentation, Caruso produced a series of telling graphics which showed that Allied has more reserves than Resolute, Kingsgate, Perseus and Medusa, but a market capitalisation that is significantly lower. Boiled down, Allied is a company hitting its targets and delivering on promises, facts that some of the smarter professional investors have recognised. M&G has built its stake in the company to 19.9 per cent, Baker Steel is sitting on 9.9 per cent and Franklin Templeton now holds up to 7.4 per cent. What these investors see is what the brokers are starting to see too: a company undervalued at this stage of its graduation to the status of a 200,000 ounce a year gold producer. Oriel has compared Allied's current status with that of Avocet and Centamin which both commissioned mines in 2010 and were subsequently re-rated. It also added the thought provoking notion that with Gold Ridge joining Simberi in production there could now be interest in Allied as a takeover target. |
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