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Allied Nevada Gold Corp. Message Board

  • benandemmiboo benandemmiboo Jul 22, 2013 9:10 AM Flag

    Allied Nevada Provides Preliminary Second Quarter Operating Results

    Just posted on their website. I am unable to get a printout yet (may be an issue on their site, or with my computer.)

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    • I had 10000 shares that I paid avg cost 6.60 (between 7.50 and 5.60). I thought today's news was intentionally timed with gold up $30 as a means to limit the damage of the bad news. If gold moves back down when earnings come out I suspect we may see the stock back in the low 6 or high 5. One analyst has a price tag in the 3's. Decided too much risk in the short term and likely really bad news coming when earnings are released. They may even show a loss.Projected production for full year is off over 30%. I suspect we will see a better entry point after earnings and a significant downside risk with little upside in the short term. Thoughts?

    • That they provided this update on the day we may have gotten a short squeeze means my appreciation of this stock is likely at a new low.
      I agree with people that it may still head up to 10 soon solely on the price of gold -- but I wasn't prepared for today's update at all. Happy the market seems to be handling the latest news tolerably well.

      • 3 Replies to benandemmiboo
      • it should give you greater appreciation. short squeezes are not the thing solid gains are made of.

        honest and forthcoming management counts for a lot more. admitting any problems and announcing a plan to deal with them is far better than hiding them or pushing off bringing them to light and far better for the stock and for investors in the log run.

        also we will now be able to see how the market reacts to such a release at a time when the stock is already beaten down but trying to come back. if ANV continues to go up from here it is a sign that lows have already been reached and that the stock is strong that should only make you more confident in your investment.

        buying more now by the way.

        Sentiment: Strong Buy

      • Today's update is definitely a bump in the road however the long term bigger picture is more important here. ANV stated:
        We have begun a program to remediate the Lewis leach pad.

        It is anticipated that we will begin to see incremental production increases from the Lewis leach pad in the fourth quarter.

        Randy Buffington. "While disappointing, these issues are not insurmountable and I am confident that the operating team we have in place and the steps they're taking to remedy the issues will turn things around.

        At $7 it still way undervalue.. worth holding on to in my opinion. How many of us know that $10 is in the cards..

      • at least we know where the bottom is. Just go long and don't worry about short term changes

 
ANV
3.63+0.03(+0.83%)Apr 17 4:00 PMEDT

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