On both the FTSE and ASX there's been some actual volume in this stock... and it looks to be more than just bots playing with each other. For a while today the buy:sell was 1:1, first time in a while. And the price is holding more or less steady (it's about time it pushes through 160p/$2.40 though)
Thoughts:
1) broker recommendations. Supposedly 50% undervalued by at least two brokers, though sometimes it feels like every gold stock is supposedly 50% undervalued.
2) gold is not falling. Actually if ald can get the cost base to <1000/oz and gold is >1700 then that's a comfy ~20 million this quarter after "standard" expenses.. If you can believe it.
At this stage I'm not calling current events anything more than a mild curiosity but hopefully we'll move from anomaly to trend.
- Forums
- ASX - By Stock
- ALD
- coming out of hibernation?
coming out of hibernation?
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)