AQG 0.00% $9.40 alacer gold corp.

Once trading around $12 a piece then dropped to $5.It traded...

  1. 288 Posts.
    Once trading around $12 a piece then dropped to $5.It traded between $5 to $7 dollars range in last a few months.
    Recent gold price retraced and slightly below production caused 28% decline from it's recent high.
    AQG has very low cost operation in Turkey with mine of life beyond 16 years,AQG has 13 million ounces resource,5 million plus reserve.Combined with operations in Australia that produces 400,000 ounces @ total cost operation below $800.
    In another words,AQG will have around $350,000,000 profit before tax comparing with enterprise value of $1.2 billion.
    That's amazing value and this is great buying opportunity.Company also said next qtr production will be higher and if you believe gold price will be stronger then 50% profit gain to Christmas is achievable.
    Bought $100k at $5.15 with exit target around $7 is a good plan.
    Just to share with everyone and your feed back is most welcomed.
    DYOR
 
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Currently unlisted public company.

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