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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Allied Gold - Production to increase rapidly from 64,000 oz to 224,000 oz

March 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:
  • 39p
It's no exaggeration to say that Allied Gold, which owns two gold mines in the Pacific Rim, has one of the strongest expansion profiles in the whole sector. After achieving good growth from its original mine in Papua New Guinea the company, which is listed on AIM, the TSX and the ASX, has just announced that its second mine in the Solomon Islands is on track to be commissioned in late February underpinning expected production growth from 64,000 oz in 2010 to 95,000 this year and then 224,000 oz in 2012. Based on this broker Oriel is expecting pretax profit to increase from AUS$10.2m to AS$19.2m for the current year to 30 June, before rising again to a whoppin ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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