Allied Gold Share Discussion Threads

[vivgav] 24/5/2011 08:15

Is that the last of the seller? 4m sold

[divinausa1] 24/5/2011 06:56

Euro-priced gold jumps to record high

[juju43] 20/5/2011 15:27

buys still coming. might see another tick up before close

[kenone] 20/5/2011 13:32

That's better !

[juju43] 20/5/2011 13:26

few buyers around today

[ajviews] 20/5/2011 13:09

Thanks for the links Divinausa1, I think most here and in similar undervalued gold producers (in a gold bull market!) sense that those equities are overdue a rally, even if the POG comes off a bit and more so if it doesn't – not going to rely on that short term but expect to look back from here with the share price much higher.

The Solomons quoting Allied and mining in such a supportive way was good to see and the Hydro progress this yr will be worth keeping up with - the Co have estimated $30-50 a production oz cost saving if the plant is built and fuel is a main cost so will help, more so if (when) oil is higher by 2015.

[thehardestbutton] 20/5/2011 04:07

And perhaps another reason



Right now is the best time to buy gold stocks in more than two years as a result. And they're poised to make another run of 30% in the next few months. Here's why.

[divinausa1] 20/5/2011 01:37

nice bit about Allied..

[dvsfm] 19/5/2011 21:48

cheer wyle, i'm just hoping we keep going up now, main listing late june/early july

[divinausa1] 19/5/2011 12:33

Recent history may well be on your/our side.

'Since April 2009 the most profitable time to buy gold stocks has been when the gold/gdx ratio is at an extreme high, as it is now.

Each time the ratio has hit 27+ (currently 27.3) during the last 2 years has been followed by the GDX Market Vectors Gold Miners ETF surging on average by over 30% during the following 6 months........'

[linessj] 19/5/2011 08:33

Boadicea, thanks very much for your response.

[wylecoyote] 19/5/2011 08:21

dvs,

the recent fall has supported the trend line(15dma) so no bounce is likely on technicals(i could be wrong - there appears to be a support at this level thouhg). Using the worst case support levels from oct-nov last year figures. This is pureley conjecture. I prefer a bounce as it results in quicker profits. If it doesn't bounce a long and slow rise before the main market listing(does anyone know when this will happen?)

Cheers

[dvsfm] 19/5/2011 08:13

Wyle, whats your thinking behind that reasoning?

[wylecoyote] 19/5/2011 08:00

juju,

I reckon there is still more to come, it may bounce around 26-27p before resuming an uptrend.

[juju43] 19/5/2011 06:59

i am looking for a bounce today. it has fallen too far

[shovelandspades] 18/5/2011 16:53

Good open opinion on the last quarterly report.

[boadicea] 18/5/2011 14:14

linessj - The long term effect of the consolidation and main listing is almost certainly positive - on a relative basis. The short term effect is less certain.

It is true that a variety of funds can now buy in and will want to do so, but they may not necessarily all rush at once. They will also want to get in at the best possible price, so various ploys may be used to hold or pull the price down - basically by playing on the emotions of existing holders.

If you consider (your decision) that the share is currently undervalued, you can put a proportion of your investment in now and hold the rest back to see whether an even better offer occurs later - as it may do, despite logic appearing (imho) to be against that. Being already in, I am intending to sit out the current weakness, which seems to me to be due to mainly technical factors, whereas the underlying production story has improved. If I were not already sufficiently committed (and in profit) I would be adding - in fact I am feeling tempted now.

PS: Any new-comers should note that the last quarterly report (3/5/11) is a particularly poor guide to the future due to temporary and uncharacteristic loss of output at Simberi and the costs of mining start-up at Gold Ridge without any significant processed output yet to offset it. The next report should be very different.

[juju43] 18/5/2011 14:00

dv - i still hold them but now a bit under water. the tech indicators are bombed out and we left a gap at 35p but i said that last week. has to be a recovery before long unless there is a hidden problem

[dvsfm] 18/5/2011 12:55

quite a number of gold stocks have dropped that much in the last few weeks months, very small volume, so see this as a oppotunity to accumulate.

JuJu, you were buying aggressively last few weeks, you still got those or did you trade?

[divinausa1] 18/5/2011 10:59

35% drop in a few weeks is MASSIVE

[divinausa1] 18/5/2011 10:58

i could understand the fall if POG had collapased, but its just off record highs in consolidation mode before taking off again,,,

hense there must be some bad news about, it can be the only reason

[ajviews] 18/5/2011 10:47

Continuing the disappointing short term price action unfortunately, this unexpected level under 30p is a buy point for me so will top up here myself. I don't know what the price action could be pricing in, a lower gold price maybe, its in the price now anyhow. For confirmation re my last note above, the company confirms in the schedule docs that it is currently achieving the 200k/oz pa production run rate so would be v. surprised if any news to change that expectation were to come out now. Maybe a large holder has to sell Oz shares/not hold UK shares or similar, don't know but in the absence of any other development it is oversold and a buying opportunity.

[juju43] 18/5/2011 09:16

what a pig . back to where we were 18 months ago.something not right here . most goldies picking up today

[dvsfm] 18/5/2011 08:51

Frustrating I know, but output appear to be on the rise and with costs under control, lots of cash should be rolling in