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Allied Nevada Gold ┼×irket Message Board

  • Why is anv one of the worst performing mining companies out there?
    Why is the company not making any announcements?
    Why don't they buy back shares?
    Are there any mining companies interested in buying anv?
    Was that financing sale at $10.75 for Real?

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    • I think they should make an announcement soon. Two production-related events of significance supposedly happened in the first two weeks of May, according to the quarterly report; an update should come regarding that.
      Re: worst performing companies, I would change that to "worst performing shares". I think the stock itself is more easy to be manipulated. It has supposedly 80 percent institutional investors. IAG has a lot less institutional investors, and their stock seems a little less manipulated. They have more wealth than the average Mom and Pop investor, so I think they decide whether this goes up or down.
      As for share buy back, they may have to unfortunately wait another month until this whole financing #$%$ is out of the way.
      Re: mining companies that may buy ANV, who knows? One article suggested NEM or ABX at one point, saying that the fact they owned 100 percent of the Hycroft mine was a great attraction.
      Re: when to sell, and whether you should do that soon, I am in the lucky situation of not being able to buy stock anymore until I am at $25000 in my tdameritrade account. My ANV stock has sent me from 27 to likely mid-teens (I no longer look). SO I am forced to wait this out, and forced to become patient with this stock. I think that patience will work out for me. People who do not see this ever even hitting $10.75 this year think trends only go one way, and that gold is headed to zero. It's not even good for banks for stocks to descend just one way. They need buyers as well as sellers, so I expect an uptrend in gold prices this week. That said, these sorts of ongoing manipulation games make this a #$%$ stock for me.

      Sentiment: Hold

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