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Allied Nevada Gold Corp. Message Board

  • iwynne2002 iwynne2002 Aug 6, 2013 9:16 AM Flag

    Earnings Were Not Terrible Were They?

    The company earned $.04 despite the treachery going on in the gold market. It's hard to say what they will do with the stock though. You would think that everyone that wanted out is out already but the greedy shorts may still pile on. Price action should be interesting today.

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    • Rye Patch has a 25 million market cap after a settlement with CDE gave them 15 million in cash, and approx 30-35 million in future royalties.
      Midas Gold has a 100 million market cap, and has over 1.5 billon high grade gold, and 1 billion antimony.

      The market, in short, is just crazy now, with every gold miner racing to have the most oversold shares you can find..

    • I'm going to give you some advice.

      ANV, has over $700 Million in Debt. That debt has to be paid off at some point. In addition, ANV has lease payments to make.
      Lease payments:
      2013: $22,653,000
      2014: $45,209,000
      2015: $43,272,000

      ANV doesn't make enough to cover the lease payments, never mind the $700 Million in Debt. It has also diluted the shares to raise money.

      It made about $3.6 Million this quarter, $10.5 Million last quarter. If you notice, all the money it makes is barely going to be able to cover the lease. But there is also debt due. The only reason the operations are continuing is because of the debt. That runs out eventually.

      I looked at the current debt as well. It is $46.6 Million, as of June 30th.

      One interesting thing I noticed is how much they pay their CEO and staff, $8.8 Million, this quarter alone! That's about $5 Million more than they made just for the staff.

      So as of June 30th, there is $47 million in debt due. As of 2013 there is $22.6 million in lease payment due. And as of 2013 they are making $3 to $10 Million per quarter. Let's assume they make $15 million each quarter for next 2 quarters. In total they would have:
      $3.6Million+($15*2) $30 MIllion+ $10 Million= $43.6 Million Profit.
      Debt/Lease due: $22.6 Million+ (as of june of 2013) $47 Million= $69.6 Million

      So if they do got the rest of the year, they are still losing money. Yes the earnings are bad, to say the least.

 
ANV
3.92+0.22(+5.95%)Jul 11 4:03 PMEDT

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