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Allied Gold

April 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • AGLD
  • Price:
  • 40p
Allied has been intensely volatile since last month's tip, spiking to 47p before a sharp pull-back, following concerns about technical issues disrupting production at its Simberi mine. But these teething problems are not uncommon and the company has quickly fixed the offending pipe and valve in its tailing mixing tank. Separately, Allied has also announced that its second mine at Gold Ridge in the Solomon Islands has poured its first gold, with production set to ramp up in the coming weeks. Allied now has a clear path to increase overall production from 64,000 oz last year to 224,000 in 2012, increasing eps to 8.3p next year and dropping the soon-to-be prospective PE to just 4.8. This plus its im ...

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Related Articles

Allied Gold - US$48m cash underpins recovery (December 2011)
Allied Gold (May 2011)
Allied Gold - Production to increase rapidly from 64,000 oz to 224,000 oz (March 2011)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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