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Allied Nevada Gold Şirket Message Board

  • sandspiderbm sandspiderbm May 7, 2012 3:04 PM Flag

    Overreaction - ANV held off selling gold/silver

    Headline EPS was .13 / share but if you READ through their earnings report you'd see they PRODUCED 32,000 ozs of gold but only sold 20,000 ozs, and held off selling 38,000 ozs of silver. If you take that and sell it at todays metal prices ($1640 gold & $30 silver) you gett approximately another $20.8 million in Revenues or about .23 / share EXTRA. Which would make this earnings around .36 cents per share.

    They did state some capital costs associated with the processing of this concentrate, but even a 6 cent knockoff would make this report around 30 cents.

    Maybe i'm missing something here but this seems like a major overreaction and I'm going to buying some more shares (just bought around 25.74) - check it out and please let me know where i'm mistaken

    Your Friendly Neighborhood,
    Spider

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