Allied Gold Share Discussion Threads

[ajviews] 17/6/2011 16:05

Was just having a quick read of the RNS also S&S, looks to be an emphasis on the variety of exploration areas Co has planned. Be interesting to see the drilling results in due course.

[shovelandspades] 17/6/2011 15:55

FROM TODAYS RNS: With Gold Ridge in operation, total Group gold production is currently projected to run at over 200Koz per annum and group operating cash flow at approximately US$100 million per annum. This will help support further growth initiatives and exploration activity in PNG and the Solomon Islands, where operations have lain dormant for almost a decade.

[boadicea] 17/6/2011 15:30

Nasty dip early today caused by reaction to Ozzie drop, I suppose.
I can understand that some there may be less than happy about the company's migration to London which will now become the primary listing while Ozzies will be issued with DI's.)
The downside I expect will be that LSE trades will next month attract SDRT whereas they are currently exempt as DI's here - worth about 0.165p at 33p share price

Mental note: Remember to buy early in the day when dumped Oz shares are depressing the share price here.

[arja] 17/6/2011 08:06

down 3.5 in oz to 49.5 ( 32.3p) although well bid at 49.5 level .

[arja] 17/6/2011 07:33

I did not know there was to be a consolidation soon or that it was listed in Canada - no trades at all there yesterday I think and no doubt it will be delisted there eventually .

[arja] 16/6/2011 09:29

boadicea,
it is a hard one for picking next move and trading between 51.5 and 55 in oz ( ciosed at 53 today ). OZ seems to be lead market BUT big trades here today at 34.5 I see ! best of luck.

[divinausa1] 15/6/2011 23:21

Standard Chartered Predicts $5,000 Gold

[boadicea] 15/6/2011 21:01

ajv - Good finds.

[ajviews] 15/6/2011 16:11

And a minesite article:

[ajviews] 15/6/2011 16:09

Beyond the short term the main focus with AGLD should be towards the planned growth in production. Here is a report focusing on the production shortfall in gold and the co.'s that are expecting high growth over the next few years. Allied Gold gets a mention in the high growth comparison tables. -

[boadicea] 15/6/2011 08:29

Arja - "Chart .... sadly suggests share price will dip a little in short term and maybe close at 51 tomorrow ..... But markets never fail to surprise....!"

Indeed they don't, and surprise rises are particularly nice. Up 4.8% in Oz to 54.5c (35.61p) which should help it resist the wider soft trend here.

[divinausa1] 15/6/2011 03:05

Liquidity Crisis Intensifies Mining Stock Sell-off

[arja] 14/6/2011 16:49

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 !

[kenone] 13/6/2011 09:55

The management changes look sensible. I am very happy here at 35p for now. In the absence of any unforseen bad news , this should soon be heading back towards 50p and beyond.

[boadicea] 11/6/2011 00:51

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.

[ajviews] 10/6/2011 14:44

Yes should be some good buying support for AGLD for a while with I think some funds able to buy in during the run up and more adding next qtr. Should help see through any general market weakness (with the high ave gold prices realised in current trading also helping).

[divinausa1] 10/6/2011 00:53

not long now and trackers funds have no choice but to buy....

[juju43] 09/6/2011 08:20

was down 5% in aus on biggish volume

[juju43] 09/6/2011 08:18

so we can expect to be north of 45p before Christmas

[boadicea] 09/6/2011 07:49

Director Harvey awarded 1m immediate options (unlisted) at A$0.50, (current equivalent of 32.216p) as against current share price of 35.375p at last close.
A further 0.5m vesting upon 5 days upside of A$0.70 (= 45.1p).
Options valid until 31.12.11 only.

Hmm.

[arja] 08/6/2011 15:24

yes, oz is definitely the lead market. Tempting to buy at 35.75 but gold stocks are not in favour at present , especially OZ based stocks.

[juju43] 08/6/2011 09:16

yep , good late buying in aus .

[boadicea] 08/6/2011 09:11

London market is red this morning but AGLD is up 0.25p against the trend.
It could manage another 1p to match the Oz equivalent of 36.85p if the market steadies later.

It may in part be a beneficiary of S. American nervousness over the left wing Humala success in Peruvian presidential election.

[divinausa1] 08/6/2011 07:00

nice upturn in vol down under recently and up again overnight seems like the Aussie's leading the way here...