There's not many gold producers with as much cash in the bank as Alacer. Selling Frog's legs has just added to the bank balance. The Copler mine is basically a cash cow. Higginsville isn't struggling anywhere near as much as the market seems to think. Sure, cash costs have gotten too high but much of that has been from dewatering and refurbing Chalice. Chalice is up and running but the really good grades will come in 2014/15. South Kal is problematic but the reality is management have shown they will exit it rather than lose money.
Not sure why the price is so beaten down other than all goldies have been hit hard on gold price fears. Alacer and Silver Lake Resources remain my favourite choices. Very good buying opportunities at the moment.
- Forums
- ASX - By Stock
- AQG
- News: Alacer sells Frog's Leg stake for $171M
News: Alacer sells Frog's Leg stake for $171M , page-15
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)