Allied Gold will bounce back I reckon
I suspect that all this negative action is a storm in a teacup. So the costs of the ore conveyors or other equipment might even double - but all mining companies are being exposed to higher overheads from fuel to transport to refining to marketing - usually referred to as inflation.
Allied Gold looks like another potential Lihir to me and I am holding a boatload.
Why was there a trading halt at all? Just to announce that costs were going to rise and a new mining strategy is required? Maybe it's a bear raid - someone trying to get in on the ground floor at rock bottom prices.
And for some reason the whole gold market is being spooked at the moment for no obvious reason - the fundamentals have not changed. Gold is on a long term uptrend while the US dollar looks like crashing.
I'll be buying more if the prices remain less than 40c.
- Forums
- ASX - By Stock
- ALD
- will bounce back i reckon
will bounce back i reckon
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALD (ASX) to my watchlist
(20min delay)
|
|||||
Last
$30.06 |
Change
0.590(2.00%) |
Mkt cap ! $7.163B |
Open | High | Low | Value | Volume |
$29.64 | $30.06 | $29.51 | $43.05M | 1.438M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 39 | $29.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$30.06 | 14 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 39 | 29.950 |
1 | 870 | 29.940 |
1 | 100 | 29.930 |
1 | 20 | 29.920 |
1 | 334 | 29.910 |
Price($) | Vol. | No. |
---|---|---|
30.060 | 14 | 1 |
30.070 | 4417 | 1 |
30.080 | 2272 | 1 |
30.090 | 2827 | 2 |
30.100 | 18536 | 4 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
ALD (ASX) Chart |