AND - Andean Resources

[Sean K]

Just broke to new highs beyond $4.00 .. hasnt stopped moving up since $2.00
cant believe I sold this so early reacting to so much over valued sentiment..

Just goes to show how sentiment rules the market and not facts and figures. This is running on 'potential', even though it's a long way down the track to decent production.

Market Cap now just over $2b, with just 2.5m oz JORC. Trading at $800 an ounce! HUH?!

RSG MC $500m with 13m JORC, trading at $35 an ounce.

NCM at $128 an ounce
LGL at $174

The market is factoring some MASSIVE upgrades to AND.

 

[explod]

Just goes to show how sentiment rules the market and not facts and figures. This is running on 'potential', even though it's a long way down the track to decent production.

Market Cap now just over $2b, with just 2.5m oz JORC. Trading at $800 an ounce! HUH?!

RSG MC $500m with 13m JORC, trading at $35 an ounce.

NCM at $128 an ounce
LGL at $174

The market is factoring some MASSIVE upgrades to AND.

have to remember that it is (I think) on the US radar screen or maybe Canadian market, which for goldies are more bullish than here in Aus at this stage. Think this may change though, sentiment is the power of markets. A good indicator of possibilities for gold stocks here later on in my view.

 

[eddyeagle]

Kicking myself for getting out around $2.50 but that's way it goes sometimes! Still made a decent profit on it...But really didnt think it would hit 4 bucks so soon!

 

[Logique]

Market Cap now just over $2b, with just 2.5m oz JORC. Trading at $800 an ounce! HUH?!

Share your bemusement Explod. Another 8.6% to 4.90 this morning??? Big expectations at these prices.

 

[Sean K]

Share your bemusement Explod. Another 8.6% to 4.90 this morning??? Big expectations at these prices.

Absolutely unreal expectations. On the surface of it, illogical. They aren't going to upgrade the resource that much in the future are they? I mean it's awesome grades, high quality, but it's at depth too. Market's expecting about at 10m ounce resource I reckon.

 

[skyQuake]

Absolutely unreal expectations. On the surface of it, illogical. They aren't going to upgrade the resource that much in the future are they? I mean it's awesome grades, high quality, but it's at depth too. Market's expecting about at 10m ounce resource I reckon.

Partially influenced by NCM's upweight on the match today...

Personally I think its worth $3 at most (shorter's bias )

Buy you know what they say about standing in front of a freight train...

 

[skc]

Partially influenced by NCM's upweight on the match today...

Personally I think its worth $3 at most (shorter's bias )

Buy you know what they say about standing in front of a freight train...

Sound's perfect for a hedged trade? Short AND long gold or KCN or something like that. Hold until the bubble burst (hopefully before the account blows up).

DOM did something funny last year and reached $5 (from memory) but now at about 1/2 of that....

 

[Logique]

Something going on this morning.

Showing still in Pre-open with indicative 6.20, but last price 6.40 (> up 30%)

Someone bought a lot of shares. No ASX announcement yet, although a speeding ticket on 30 August.

 

[skyQuake]

Talk about freight trains!

Never too late to go long!

0.31 for one EAU bid.

 

[JTLP]

Leaky ship? Or lucky play?

Ahh well other goldies are shooting up at present. On the surface of it AND doesn't look that spectacular? Am I missing something? 2.1M oz au and 20M oz ag? Mmm

I hold AVO and there will be no chance of them getting a t/o bid

 

[adobee]

f*^(&Hk !! i cant believe i havent been holding this.. I am the biggest AND fan and pulled out so long ago due to such hype of the gold value being way over the top... Well MAJOR CORPORATE ANNOUNCEMENT DUE OUT .. I think this will be a take over or merger. .. I could be wrong ..

 

[Mr Z]

A word about hedging...

Match your beta.

This should be good for any other likely takeover target in the gold space. Take a look gents, its like a game of pacman out there! Place your bets! Now what do you think these guys know about POG? Yet its September and we still have guys talking a short game.... I think I'd rather play chicken with a bullet train FWIW.

Disclosure :- I love and hold AND... have done since 22c. So I am completely and unapologetically bias.

 

[explod]

Yep, was one of the last great punts suggested by David Hazelhurst prior to the demise of the Bulletin magazine for about 30 cents back in 07.

I sold out for $1.80 back in early 08. Sometimes I believe we look at too many things and so forget the really good ones.

Well done holders.

Of course many seasoned investors are into gold and this interest will grow as currencies further devalue. Many forget that gold to Australia is the third biggest commodity earner after ion ore and coal.

 

[Sean K]

I am absolutely blown away by the price Eldorado are going to pay here. Could possibly be the most overvalued takeover in gold history. It's like 1300 an ounce or something. Don't have my spreadsheet handy.

 

[skyQuake]

I am absolutely blown away by the price Eldorado are going to pay here. Could possibly be the most overvalued takeover in gold history. It's like 1300 an ounce or something. Don't have my spreadsheet handy.

0.31 EAU for one, but in talks with another potential suitor.

that 1300 figure ignores the potential of the negro project and probably reserve upgrades

Also keep in mind its extremely low cost production.

 

[Sean K]

0.31 EAU for one, but in talks with another potential suitor.

that 1300 figure ignores the potential of the negro project and probably reserve upgrades

Also keep in mind its extremely low cost production.

No doubt it is an amazing deposit. Very high quality. No one is denying that. And there is great exploration upside, the deposit will most certainly increase in size. But geeesh. As I said earlier, just on a $2b mc I reckon they were factoring in 10m ounces at 10g/t or so. $3.5b?

Lihir had 46m ounces M&I at nearly 3g/t producing 1.1m oz pa and valued at $10b ish.

Dunno...

 

[grace]

Yep, was one of the last great punts suggested by David Hazelhurst prior to the demise of the Bulletin magazine for about 30 cents back in 07.

I sold out for $1.80 back in early 08. Sometimes I believe we look at too many things and so forget the really good ones.

Well done holders.

Of course many seasoned investors are into gold and this interest will grow as currencies further devalue. Many forget that gold to Australia is the third biggest commodity earner after ion ore and coal.

Ah yes explod, I too bought at about 30cents in 07 and sold it for a quick profit. This thing had some legs. Can't believe I ditched it and kept NAV as a gold speculative. Live and learn I guess. I even had it on my non-csg takeover list (which is now left with 3 of 8 and I didn't keep one of them.)

Well done to the faithfull!!

 

[skyQuake]

i dont understand the pure fundamentals but it certainly looks like hot property

Got another bid by Goldcorp, slightly higher than the Eldorado resources one!

 

[eddyeagle]

f*^(&Hk !! i cant believe i havent been holding this.. I am the biggest AND fan and pulled out so long ago due to such hype of the gold value being way over the top... Well MAJOR CORPORATE ANNOUNCEMENT DUE OUT .. I think this will be a take over or merger. .. I could be wrong ..

Sold out at 2.50 at the start of this year. Very frustrating!

 

[skyQuake]

Closes at $7.32 AUD overnight. Fair prem to the Goldcorp bid.
Several broker upgrades in there too.

Looks like everyone is expecting a bidding war!