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Allied Nevada Gold ┼×irket Message Board

  • george_arthur_vandelay_costanza george_arthur_vandelay_costanza Mar 21, 2013 5:28 PM Flag

    read the release on ops


    Expansion coming in $100M below budget and ops tracking ahead of plan...below budget and ahead of plan while the stock sits at 7x 2014 EPS with 40% expected growth. This should command a $30 price tag and now with ops back inline versus more weather, delay, cost issues something tells me the teenage years are close to over.

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    • cost estimate remains the same but purchase commitments are lagging: "The capital cost estimate for the expansion project remains at $1.24 billion. To date, we have purchased or have fixed contracts in place for approximately $680.9 million, or 55% of the total capital budget and these purchases have come in below the original estimate. As a result, the difference has been allocated to contingency which has increased to $97 million, from $65 million, representing 17% of the remaining capital to be committed of $562.1 million. Management believes that the expansion can be funded with current cash balances, an undrawn revolving line of credit for $120 million, capital lease financing, and operating cash flow"

    • Looks to me like they are still struggling to produce gold at the projected rate. Based on the fact that they have produced 27K onces so far this quarter, which means 13K ounces/month pace, they will only produce about 40K ounces this quarter. This is lower than last quarter, if my memory is correct.

    • you still long this dog? LOL