ALD - Allied Gold Mining

[TWISTER]

Hi all,

Does anybody have any feelings for allied gold?

 

[stocknoobie]

ALD great potential

During the last 2 weeks ALD has gone up over 24%... I bought some one week ago so I think I will wait a bit longer before taking profits...hehehe

 

[powerkoala]

Re: ALD - Allied Gold

Anybody follow tis ?
nice movement

 

[Sean K]

Re: ALD - Allied Gold

Great chart. Lots of good news. DRD on board.....

LONDON (Dow Jones)--Allied Gold Thursday announces the completion of the
placement of 21,800,000 ordinary shares at A$0.60 per share to raise
A$13,080,000 (approximately US$10,000,000) before expenses.

This placement brings the total raised in equity markets since December 2005 to A$64.8 million (approximately GBP27 million).

Wayne Loxton, Allied Gold's Managing Director, said: "The funds raised in the
placement will be applied to enhancing development of the Simberi Oxide Gold
Project into gold production in Q2, 2007 as well as providing additional funding
for wider exploration in the Tabar Islands.

"In particular Allied Gold will investigate the outright purchase of key
logistical equipment such as a barge for transportation of heavy goods and
equipment to and from the Tabar Islands and the mainland, and the purchase of one or more drill rigs.

"Such purchases of key items of equipment will not only provide operating cost savings, but will enable the Company to schedule critical path logistical
movements to suit its own planning, and to plan further ahead for exploration
drilling."

 

[powerkoala]

Re: ALD - Allied Gold

That is when i jumped in

 

[Profitseeker]

Re: ALD - Allied Gold

I'm in. This company is shooting for the stars at the moment. I went to a talk by the ASX about great stock picks and this one was heavily mentioned. It was tipped to reach at least a dollar by the end of the year if you believe that gold has a lot in it.

 

[powerkoala]

Re: ALD - Allied Gold

Hopefully!
Going to hold till end.
Welcome on board

 

[powerkoala]

Re: ALD - Allied Gold

wow,buyers is coming.
maybe due to 700.50 gold price?
well, let see what happen next

 

[powerkoala]

Re: ALD - Allied Gold

Did anybody knows about this??
Last trading all 0.75 by VERY big amount?
currently buying on 438000 volume ???
wow... what is going on ???

 

[MAGPIE]

Re: ALD - Allied Gold

Any ideas why the trading halt announced yesterday? Stay waiting for an announcement.

 

[GreatPig]

Re: ALD - Allied Gold

Taking a bit of a hammering today. Down over 19% at the moment.

GP

 

[Wysiwyg]

Re: ALD - Allied Gold

Another breakout from a compression phase in this assymetrical triangle.
The s.p. jumped higher today on news of more gold intercepts and there is a support group around the 40 c mark.
Hard to say if the breakout will continue , gold stock can be fickle sometimes.

J.M.O. and holding.

 

[falconx]

Re: ALD - Allied Gold

Does anyone know whats going on behind the scenes with this one? Seems to be breaking on high volume already around 5 million. Is it takeover speculation or something more concrete?

 

[Sweet Synergy]

Re: ALD - Allied Gold

Not sure Falconx about the fundamentals but the chart is looking very interesting. HUGE! volume today which has put the SP just above or on important resistance lines. IMO this will probably break up nicely with the volume momentum behind it.

Using the flagish pattern its breaking I've got a potential target just over 50c ... which also aligns with the previous resistance in June last year of 50.

Cheers

 

[purple]

Re: ALD - Allied Gold

think it will break past the 0.50 target easily with today's annoucement

"Channel Sampling Yields Significant Gold Mineralisation"

 

[Bushman]

Re: ALD - Allied Gold

Allied has been flying over the last week or so - up another 10% today. Have held on to this one for awhile so nice to see the leg up. first gold pour is getting closer by the day and the spike in the POG is helping things along.

Go you good thing.

 

[Bushman]

Re: ALD - Allied Gold

Not sure if anyone else follows this but it is booming at the moment - up to 70c today. Anyone have any ideas about spercifics of this price action or is it simply a re-rating of the stock? They are due to start producing 4th qrt 2007 so that might be the cause of the price action. Hard to know at the moment as there has been no recent announcements from the company.

 

[Surly]

Re: ALD - Allied Gold

Does anyone have further information on if ALD is still tracking for start up this month?

Plant commissioned, dirt being moved, etc ?

cheers
Surly

 

[Walker]

Re: ALD - Allied Gold

I emailed Allied asking whether they were still on track but I only got a standard 'check our website for asx announcements' reply.

I would expect an announcement very shortly stating that either production will be delayed until early 2008 or the first pour has occurred.

Hope to see sp above $1 again soon

 

[prawn_86]

Re: ALD - Allied Gold

I emailed Allied asking whether they were still on track but I only got a standard 'check our website for asx announcements' reply.

I would expect an announcement very shortly stating that either production will be delayed until early 2008 or the first pour has occurred.

Hope to see sp above $1 again soon

What makes you expect an announcement Walker? Some more details are needed.

Also by being over $1 "again" you do realise it has only been over it once in the past 2 years and only very briefly at that.