Allied Gold Share Discussion Threads

[divinausa1] 28/4/2011 00:37

POG $1527 on its was to $1600....

[ajviews] 27/4/2011 16:20

The 'draft scheme booklet and option explanatory statement' is to be filed in Aus tomorrow, 28 April 2011 per last announcement. Should give a timetable for potential shareprice movements. Quarter results would be useful to see all is on track. Main story for the price will be when hitting the 200k pa producer status, by which time I would be looking for a much higher shareprice, so am not going to be overly concerned by market fluctuations prior (don't want to see any further dilution mind).

[kenone] 27/4/2011 13:46

All the trades numbered 36-42 are buys, not sells. See no reason we should not start to move up again soon.

[kenone] 27/4/2011 13:37

I just topped up at 37.4p - Get 'em while you can at this price !

[divinausa1] 27/4/2011 13:21

shame down today due to Aussie gold miners being hit becuase oF Aussie $ being strong. Bought a few today as Quarter results should be out tomorrowor early next week and should be strong

Stocks fall as Australian dollar hits new high

[walrus5] 27/4/2011 13:06

when results come out these should fly. they are unhedged and therefore getting the full benefit of the rising gold price for the first time.

[juju43] 27/4/2011 10:19

gold miners generally getting thumped - no doubt the gansters have their reasons

[kenone] 27/4/2011 09:29

Can't see why anyone would want to sell at this share price All news positive and full listing to come soon. Probably last chance to buy sub 40p.

[divinausa1] 27/4/2011 09:17

hard to believe with the POG at $1500 and Allied output approx 200,000 ozpa and targeting 300,000

oh well.....

[juju43] 27/4/2011 09:11

looks like the uptrend has broken down

[matt] 27/4/2011 08:29

Hard to gather why this is so quiet.

[matt] 20/4/2011 14:50

Looks a good piece of news. Good price. Increasing production. Funds for capital investment. All nicely set.

[divinausa1] 20/4/2011 12:48

James Turk knows his onions .....

When asked about the underperformance of gold shares Turk responded, "It's depressing to see the mining share action today with gold and silver putting in such strong performances. But don't let your emotions fool you and send you in the wrong direction. Sometimes the markets really do try your patience and this is one of those moments that we are seeing right now in the mining shares. KWN readers should continue accumulating the mining shares because at some point in the near future we will see a move that will be absolutely breathtaking."

Turk was correct to note the underperformance of the mining shares. As Pierre Lassonde said in his last KWN interview, the mining shares were already one standard deviation away from the mean and the situation has worsened since that interview. Keep in mind that the mining shares will move from dramatic undervaluation to overvaluation and you will want to make sure you participate in that sensational price restructuring. As Turk stated that move in the mining shares, "Will be absolutely breathtaking."

[divinausa1] 20/4/2011 11:50

POG at $1500 main listing soon and funds buying i guess at that stage but
little to no real interest here today....

[boadicea] 20/4/2011 11:03

I note that the AIM share price of AGLD is generally above the Oz equivalent and that ASX is in net sell position while here we have a strong balance of buys. The result is a steady shift of stock from ASX to AIM. I haven't trawled back to see how long this has been going on.
One (the main?) reason for this is that the high value of the A$ is tending to depress the Oz market and also makes gold look a less attractive investment there. In UK the opposite is true - i.e. low/falling pound = attractive prec mets and associated stocks.

A move to the main market looks good sense and should reinforce the migration of stock giving an upward pull to the share price as the share becomes increasingly acceptable in various UK funds.

Conclusion: The current dip could be a good entry point - but as always, dyor.

[vivgav] 20/4/2011 08:16

Allied Gold Limited

20 April 2011

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH SUCH PUBLICATION RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL

20 April 2011

UK MAIN MARKET LISTING AND

SCHEME OF ARRANGEMENT

Allied Gold Limited (Allied) is progressing plans to migrate its current listing on the London AIM market to a Premium Listing on the London Stock Exchange's (LSE) Main Market in 2011.

In addition to the benefits of higher investor profile and market liquidity, a premium listing would also allow Allied to potentially be included in FTSE indices.

As part of the listing process, Allied shareholders and optionholders will be required to approve two interdependent schemes of arrangement to change the company's place of incorporation to the UK.

Under the proposal, all existing shares and options in Allied will be exchanged for shares or options in Allied Gold Mining PLC a company that has been incorporated in England and Wales to become the new holding company for the Allied Group.

Allied intends to lodge with the Australian Securities and Investments Commission (ASIC) a draft scheme booklet and option explanatory statement on 28 April 2011.

The draft scheme booklet and option explanatory statement will also be filed with the Court to convene two separate scheme meetings, one for the shareholders and one for optionholders.

Once the Court has convened the scheme meetings, shareholders and optionholders will be sent copies of the relevant scheme booklets, notice of share scheme meetings and instructions on how to vote.

The potential advantages and disadvantages of the proposal will be discussed in the explanatory statement. The proposal may also have taxation implications for Allied shareholders.

[divinausa1] 19/4/2011 08:46

chart says 35p looks to be getting into oversold territory, i guess one reason why would be the recent placing...another general market melaise the + here is the POG

[kenone] 19/4/2011 08:21

Being marked down this morning on very thin volume. Why ?

[divinausa1] 18/4/2011 23:32

just sitting on the trendline on the chart, should move up from here...

[vivgav] 15/4/2011 23:32

GOLD $1485

[juju43] 14/4/2011 15:07

back to the trend line. this sure is hard to figure

[juju43] 14/4/2011 15:07

back to the trend line. this sure is hard to figure

[divinausa1] 11/4/2011 01:18

Gold $1476

[vivgav] 08/4/2011 07:29

Gold $1467