Allied became allied gold (ALD) they are getting ready to start mining gold on Simberi Island in New Guinea. They sold their mobile plant several years back something to do with the name Red dam I think.
As for this I bought and sold it quickly several months back as I could not see how they were going to get the gold out cheap enough to pay expenses given the low grade although it is oxide amenable for heap leaching.
I would love to be proven wrong because as pointed out it has a very low cap
great announcement., page-18
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