Along with the global financial crisis, the problem with ALD has been its failure to meet its targets. It was suppossed to be producing at 21,000 ounces per qtr and it has taken until now to get to this level. It's costs for production have also been higher.
Thankfully it looks as though production is up and costs are down, so this with the higher gold price will in time justify a price higher than we see now. I was hoping to see a new high back in feb in excess of $1 but the GFC and start up problems put paid to that.
Still things look like they are lining up now, so hopefully a meaningful rally to a new all time high is not too far away.
soon to be 50 cents, page-55
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Last
$33.13 |
Change
-0.010(0.03%) |
Mkt cap ! $7.894B | |||
| Open | High | Low | Value | Volume |
| $33.14 | $33.69 | $33.02 | $25.64M | 770.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2229 | $33.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.14 | 1426 | 2 |
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| ALD (ASX) Chart |