On both the FTSE and ASX there's been some actual volume in this stock... and it looks to be more than just bots playing with each other. For a while today the buy:sell was 1:1, first time in a while. And the price is holding more or less steady (it's about time it pushes through 160p/$2.40 though)
Thoughts:
1) broker recommendations. Supposedly 50% undervalued by at least two brokers, though sometimes it feels like every gold stock is supposedly 50% undervalued.
2) gold is not falling. Actually if ald can get the cost base to <1000/oz and gold is >1700 then that's a comfy ~20 million this quarter after "standard" expenses.. If you can believe it.
At this stage I'm not calling current events anything more than a mild curiosity but hopefully we'll move from anomaly to trend.
ALD Price at posting:
$2.36 Sentiment: LT Buy Disclosure: Held
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