AQG
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0.00% $9.40 alacer gold corp.

Hi Roka I too sold about 2/3rds of my stake in AQG mid May after...

  1. torpedo
    349 Posts.
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    03/06/16
    12:12
    Post #: 17943654
    Hi Roka

    I too sold about 2/3rds of my stake in AQG mid May after buying back in in late January - tidy little profit.

    Must say, recent reports on the sulphide rejig have me a little concerned. Whilst grade is predicted to be higher and overall opex down, not sure why this simpler process setup leads to an additional $120M in capex? Additionally they now won't produce sulphide ore till 2018. In the meantime they've rerated the oxide production lower.

    Still a believer as I've done very well investing in these guys since late 2009, but I'm going to sit on the sidelines for now!
    AQG Price at posting: $3.05 Sentiment: Hold Disclosure: Held
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