Allied Gold Share Discussion Threads

[kenone] 18/5/2011 08:46

Well that's what I'm banking on - still holding all mine . Fingers crossed !

[dvsfm] 18/5/2011 08:40

agree KenOne, crazy times for gold stocks, i'm accumulating in small chunks at these levels bounce on full list soon I reckon

[kenone] 18/5/2011 08:37

Very low volume but now down again to 29.5 bid - what IS going on here ?

[kenone] 18/5/2011 08:34

It looked as if we were heading for 50p now we are closing in on 30p. What went wrong ? Assuming no bad news around the corner we must start to go back up now from this level - must'nt we ?

[divinausa1] 17/5/2011 23:42

POG consolidating under $1500 before next move up

did the same when it initually went thru $1400 shot thru then went back under and consolidated before moving back up

chartwise gold is still very much on its uptrend and with the USA having no choice what ever central bank is saying QE3 and for that matter QE4 will happen....

[dvsfm] 17/5/2011 13:54

i got a few more this morning at 32p, our time will come again, the main listing will enable funds/all share trackers to buy in, with hopfully an increasing share price

[linessj] 17/5/2011 13:42

As a holder of AGLD can someone please clarify the possible share/price position for me assuming that, as planned, we move to the main market. 1 new share for 6 old shares, current price 31p, will this mean the the new share price will be (6*31p)£1.86.
I apprecitate that the current economic climate, company performance and outlook has a big influence on the price. Does anyone have any experience of other shares moving to the main market and how their shares performed? Thanks in advance.

[pingu08] 17/5/2011 11:13

Morning, been watching these for a while and finally picked up my first 25k this morning.

[juju43] 17/5/2011 10:30

hard to figure what is causing this persistent slide.broken down again

[shovelandspades] 17/5/2011 01:06

This might test the 61.8% retracement at 30p, so dont panic. the way the mature economies are printing fiat money and devalueing their crrencies,at this alarming rate, its only time before before the herd turns in to safer haven of precious metals and gold is number one.

[rambutan2] 17/5/2011 00:38

well, there are 15% more shares in issue since dec 2010, and then there's been a raft of not very helpful company specific news, and then there's the recent general malaise in gold share prices.

[divinausa1] 16/5/2011 23:48

yes but you would think that the new mine and extra production would of put a few pennies on the shareprice but instead it has wipped circa 20% off the shareprice. Anyone would think the POG had collapsed...

[dvsfm] 16/5/2011 22:24

lots of goldies are in the same boat, at least were ramping up production at a rate of knots, loads of cash flow coming in. Our time will quickly arrive again, when we get on the main list in a matter of weeks now

[divinausa1] 16/5/2011 19:16

with POG just off record highs Agld have their 2nd mine on stream and yet we are back to dec 2010 shareprice......dont get it

[wylecoyote] 16/5/2011 17:02

Is a classic double bottom forming here?

[vivgav] 13/5/2011 12:29

Buys at near 36p

[ajviews] 12/5/2011 12:45

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

[juju43] 12/5/2011 07:15

good night in aus. up 5% on volume 1.6 mill. should climb here again but weak gold could dampen enthusiasm today

[boadicea] 11/5/2011 16:09

Tonight's test will be Oz.
The AUD is now nearly 2.5% off its recent 1.1 high against the USD which may cheer the Oz market - with luck more so than it depresses the conversion to sterling.
On recent days the volume there is similar to London.

[boadicea] 11/5/2011 15:57

No resistance or room for arbitrage there - TSX pulled into line with only one trade.

[juju43] 11/5/2011 14:47

nah , not the case . the volumes on tsx dont support that view

[juju43] 11/5/2011 14:28

yep, looks like its waiting for the Canuks

[boadicea] 11/5/2011 13:48

There could be a bit of a pull-back when Toronto (TSE:ALG) opens as we are now about 2.35p above their equivalent share price at yesterday's close. Potential buyers might like to watch for a better bargain. Arbitrage may iron this out by the close.

[juju43] 11/5/2011 12:49

could have another nove up before too long