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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Allied Gold | LSE:AGLD | London | Ordinary Share | AU000000ALD4 | ORD SHS NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 34.125 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 34.125 | GBX |
Allied Gold (AGLD) Share Charts1 Year Allied Gold Chart |
|
1 Month Allied Gold Chart |
Intraday Allied Gold Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/6/2011 | 12:40 | ALLIED GOLD...NEW ISSUE | 2,690 |
| 14/3/2010 | 22:23 | 2 for 20% short term | - |
| 01/7/2009 | 17:24 | Allied Gold....resource upgrades | 15 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 14/6/2011 16:49 by arja boadicea,I wish ! I notice that it closed at 53 in OZ which is about 34.6 today slight $A appreciation . Chart does not give a clear indication of next move but sadly suggests share price will dip a little in short term and maybe close at 51 tomorrow especially with gold price still struggling . But markets never fail to surprise and I got hammered today in XTA on a good day for some resource stocks ! |
Posted at 17/5/2011 13:42 by linessj 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. |
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 16:49 by boadicea I hold about half a dozen gold explorer/miners and this stands at number 3, behind the MML (brilliant) and MIRL (afflicted with a reluctant share price like AGLD.)All three have established production underpinning their current valuation and providing at least a backstop level of cash flow to fund progress, together with prospects of substantial increase over the next year or two from rapidly advancing development projects. Additionally, and just behind AGLD in 4th position, PGD should become an early stage producer within weeks. Naturally, I am highly enthusiastic about all four. With the possible exception of MML, the market is less so. I guess gearing to pog, where MML is exceptionally low, is a main reason. My rationalisation of the market view is that risk aversion, being creatively farmed ironically by the big banks, is one cause of the differential between pi expectations and wider market valuation. Cestnous' point about the large Glencore float (safety in size?) as a competitor for available funds is also very valid. |
Posted at 29/4/2011 00:02 by boadicea They have been selling steadily between 21st March and 20th April and, I suspect, continue to do so. Suspicion based on continuing behaviour of share price since 20th April.The share price notably recovered during a brief gap in their selling in the first week or so of April. Motivation is difficult to fathom - there are so many possibilities. Could just be portfolio rebalancing. Another possibility that could interest us more specifically, I suppose, is that they are freeing up cash to subscribe to a share issue, either here by AGLD or in another gold play. |
Posted at 20/4/2011 11:03 by boadicea 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. |
Posted at 06/4/2011 11:16 by thehardestbutton Nope - don't understand your gripe at all DBlack so not really sure Rebecca Greco will either?Shareholder value has been preserved - you're now holding shares in an expanded company with significantly reduced debt. Did you notice the share price plummet the last time they raised cash in this way? Nope - me neither! As the share price is up this morning and is likely to continue to progress in the coming months given the strategy of Mr Caruso and his board I wonder why you're not buying more. 'Expect a bid within 24 months at $90 an ounce? Why pay any more?' Nope you've lost me there as well..... |
Posted at 25/2/2011 09:13 by ollyb10 Buy Allied Gold (AGDL:AIM) at39p ahead of the company starting its second mine, expected in March or April, and its likely inclusion in the FTSE 250 later in year. Resource stocks tend to get a valuation boost when they bring on new mines and tracker funds will buy into Allied Gold once it qualifies for the mid-cap index. The company says final preparations are on track for its Gold Ridge project in the Solomon Islands. The announcement of first gold pour can have a major impact on a miner's share price. Cluff Gold (CLF:AIM) increased by 290% to 56.5p in the three months after saying in November 2008 it had produced its first batch of gold from the Kalsaka mine in Burkina Faso. Avocet Mining (AVM:AIM) jumped by 21.5% to 104.5p in less than a fortnight after pouring its first gold from the Inata mine, also in Burkina Faso, in December 2009. Allied Gold expects to produce between 20,000 and 30,000 ounces of gold from Gold Ridge in 2011 and 110,000 to 120,000 ounces annually thereafter. Production from its Simberi site in Papua New Guinea is currently running at an annual rate of 70,000 to 75,000 ounces. This will be increased to 100,000 ounces by the end of 2011. Therefore Allied Gold will be producing a combined 220,000 ounces from 2012. This could increase to 320,000 ounces annually by 2015 as it is hoping to extract sulphide material at Simberi in addition to the oxide deposit currently being mined. The £409 million cap has begun a feasibility study and hopes to make a decision in mid-2012. Chief financial officer Frank Terranova confirms to Shares the company is applying to move from Aim to London's Main Market. He expects the event to happen by July. Terranova also reveals Allied Gold is looking at becoming a London-incorporated business. This will enable it to qualify for the FTSE indices, assuming there is the requisite minimum 25% free float (essentially shares in the public domain not held by management or family). Both these events should be positive for the share price. Many institutional investors refuse to buy into Aim stocks, so they could soon finally consider Allied Gold for their books. The Main Market also has a higher profile and often commands loftier valuations than Aim. Shares in Allied Gold have pulled back this year after a strong run in the second half of 2010. This is partly in reflection of a correction in the gold price but also amid local media speculation in the Solomon Islands the landowners of Gold Ridge were not happy about compensation for loss of trees, proposed jobs creation and royalties, thereby putting the mine start-up at risk. The company says the local media is jumping to the wrong conclusions. Terranova says it is true Allied Gold continues to be in talks with landowners, but claims these are more about building long-term relationships and not about matters which could delay Gold Ridge's maiden production. He explains: 'The previous owner of the mine promised four or five apprenticeships; we will initially take on 30. Some people wanted us to take on 750 apprenticeships, but that is not workable. Surely 30 trainees is much better than the five previously offered? I wouldn't call this matter a dispute.' The company is looking to cut costs. Under consideration is a move from diesel to heavy fuel oil at Simberi, as the latter is around 30% cheaper. Terranova says this would knock $50 per ounce off mining costs, currently pegged at $652 per ounce. Allied Gold believes the Solomon Islands government will soon build a hydro power station which would mean it can switch from diesel to hydro power at Gold Ridge, potentially in three years' time. With 8.3 million ounces of gold in its portfolio and several share price catalysts in sight, Allied Gold looks poised to shine. |
Posted at 10/1/2011 18:11 by boadicea roobarb (2181) - Be careful with p/e ratios in mining.When the mine is exhausted, cash flow stops. Therefore all the money invested (except for some recoverable machinery) has to be returned, either to investors or as money in the bank or as investment in the next mine via the 'depreciation' route, before that happens. Additionally, mines are often in risky places (political, flood-prone, seismic activity etc) which can cause unplanned termination of operations, not to mention the vagaries of commodity price. Hence the frequent undervaluation from a simplistic view-point. Most here will feel the current AGLD share price takes these risks into account with a margin of safety on a probability basis. When it doesn't, it will be time to sell. |
Posted at 23/12/2010 09:27 by boadicea The producer-explorers (e.g. AGLD, MML, KGI, MIRL) don't have quite as much hot money following as the pure explorers the (PGD, MARL, AGQ*) and therefore a somewhat less volatile share price However, they - at least those I mentioned - can go into an ISA and are rather safer if less exciting and in practice have all done well.I am pleased to see AGLD now reaching a better valuation, as has KGI in recent weeks. MIRL is currently my favoured candidate for a similar up-rating as the share price has been treading water and consolidating for some time. A main market listing in London would also help AGLD. One of the restraints in valuations is the perception of political risk which applies to many gold/precious metal projects. This is very important in marginal projects with a long time-scale for capital investment recovery. It becomes less critical when margins are greater both because recovery is correspondingly faster (assessing risk in terms of revolutions per annum/decade/century etc!) and also the company can afford to be more generous in benefits to the local populace to keep them on-side. The latter point applies particularly to the emergent Solomon-Gold Ridge project (similarly to MML operation in the Philippines). *Note: for the record, AGQ is now in transition to producer status over the past few weeks - always a mercurial moment. Also ISA-able. |
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