Depends on the news and there are a number of factors. Production on track could initially take the share price to around $0.45 during October. I also think some of the UK investors will be quitting a bit of stock between $0.32 - $0.45. Could settle around $0.45 and start to improve as confidence builds, more exploration results and improving gold price.
Gold price is expected to do well and it is possible we could see US$1000+ before the end of December however all depends on how events in the US unfold.
Other good news for ALD would be the total repayment of bank loan to get the bank of their backs.
There is also downside risk if they do not get back on track although improving gold price will help compensate.
My opinion only.
von.
news or communication please, page-15
Add ALD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$28.11 |
Change
-0.190(0.67%) |
Mkt cap ! $6.698B | |||
| Open | High | Low | Value | Volume |
| $28.30 | $28.51 | $28.00 | $30.65M | 1.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 714 | $28.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.13 | 2040 | 1 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| ALD (ASX) Chart |