Australia's largest stock trading and investment forum Australia's #1 stock forum

AQG

Click for more information

4.81%

$10.09 alacer gold corp.

Re-rate trigger, page-82

First 82 Last

Share
Profile

Follow
nordesmic

3,000 Posts.

455

23/05/18

20:10

Post #: 33278525
Share

Originally posted by nordesmic ↑

I gave up trying to value AQG stokdog. It’s a complicated company because it has a lot of moving parts - oxide operation, sulphide development, exploration oxides, tax benefits, Gediktepe, Turkish country risk (or perception of).

Typically I try to value the local large producers using cashflow multiple. A lot easier to compare them than Alacer.

The major thing that it is under appreciated in the share price is the reserves. Very few of the big Australian producers have reserves anything like Alacer.

Funnily enough I think because Alacer is difficult to understand it gets forgotten by gold investors. That also represents a good opportunity for those who are more patient.

Gold investors are a simple bunch though, and ultimately if the cash starts pouring in then the share price will run. $3.50 at least I think is fair value based on the broker reports and my general gut feel. I won’t be selling any before $3.00 (and even then it would be just to protect some profits as I’m pretty overexposed in my super portfolio).

Expand

One more interesting/complicating factor of late is the Turkish Lira has really fallen off a cliff. It’s gone exponential in the last week vs the USD. Likely a positive for Alacer.

AQG Price at posting: $2.52 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 46, 2024

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

There are more pages in this discussion • 39 more messages in this thread...

First 82 Last

Add AQG (ASX) to my watchlist