Member Info for wiltshireman

should read CEY Centamin

The revolting Arabs should keep the gold price up and the oil price for that matter.Sentiment 'should' be against North African gold miners GMA , CEM etc but in reality of course probably unaffected. However IMO it will make AGLD an established producer more attractive than ever.

Gold price seems to be holding up well considering it is not the 'gold buying' season and more wriggling, ducking and diving by the west's economic gurus does not convince anyone. Bring on the quantitive easing I say. I don't like inflation, having experienced the frightening scenario of the 70's, but if thats what it takes to keep the gp rising great. AGLD are so well placed with good production at Simberi, projected new production (Gold Ridge scenario) and more drilling in the pipeline. My only reservations on this one are futher trimming production costs and the seasonal flooding risk in the extremely wet climate of the Pacific Rim. Nevertheless the transportation system seems to hold up well at Simberi and protracted magic 100,00 ozs for SImberi alone will be a real watershed. IMO we will see a steady rise in SP based on sound management of this company. ASX and TSX will also help the SP.

Trades seem to be moving ahead since news, mostly buys

This is good news, what with Simberi ploughing ahead and the imminent Gold Ridge production starting to kick in. This should send AGLD SP into the stratosphere (but it won't cos it never does ! ) Maybe RNS will get more response from ASX and TSX (long term) investors.

Yes oil also looks good and its a bit of a tossup which may show the biggest gains but I tend to think longer term i.e. 2012 onwards maybe gold would be the best investment. Oil is consumed whereas gold is a hedge. Oil reserves in the ground I guess are an investment in the future but difference between gold and oil is that oil price is dependent on global demand, i.e industrial output, so thats a tricky one to predict. At the moment the demand from China and India will keep the oil price up and the Chinese are desperate to ensure supply continuity of all their raw materials and that gets interesting given OPEC is no longer in control oil price, more like the Russians. Further ahead is all very uncertain for oil whereas IMO gold should be OK given the demand is likely to outstrip supply for sometime yet. Yes that is what I like about Allied. They have money to invest, i.e. gold production, to get Gold Ridge back on its feet and to invest in exploration etc. without having to raise it by diluting our shares, or at least I hope they won't need to. A similar situation exists at VGM which I have been in and out of for a couple of years. Producers should really have the edge over explorers but the market doesn't see it that way and IMO many are overvalued because until they get producing they can never be sure of the reserves in place. But that doesn't stop me joining the gold rush when they do strike lucky. Just a very risky business, unlike AGLD and VGM. Good to chat with you , bye.

I for one don't want ever to see hyperinflation and whilst I agree with much of the sentiments expressed a steady rise in gold price is what we need. IMO it is the decline of the West and the rise of the East. They want everything that we take for granted in the west so we have to take a cut and readjust downwards. My main concern is that the emerging industrial giants in the east may generate their own hyperinflation which inevitably will affect the rest of the world's economies. As if we don't have enough problems. Hopefully the Chinese can continue to control their economy to prevent it happening, one of the advantages of being a 'one-party' state but I can't think of many others. If you think about it hyperinflation means you can't sell your gold/shares to go back into cash and I don't like that idea. Once a bubble comes it becomes very difficult to know when to get out and I don't relish that.

This SP has often fallen into the doldrums and generally the only rises have been in response to good news and not really sustained. Now that AGLD is on both ASX and TSX as well as AIM IMO this will be good for the future SP. I was very pleasantly suprised by the latest RNS as to how quickly progress has been made at Gold Ridge since the takeover of ASG. I guess what was really needed was a speedy investment in plant and machinery and to repair labour relations at GR. With the sustained improvement in gold price and production expected to near the magic 100,000 annual (when gold miners are taken seriously) at Simberi there should be no shortage of investment funds available. So maybe there won't be too many placings (none I hope) necessary in the future to dilute the SP. My only reservations are the phenomenal rainfall in the area slowing production and how they transport the gold out of Gold Ridge. The pulley system at Simberi down to Pigiput even though technically sophisticated (and trouble free I hope) and export by sea seems to work well but I can't see how they get the ore / gold out of Gold Ridge. Maybe this will require more substatial investment in the existing infrastructure but the fact that they anticipate restartin production in Q1 of 2011 looks promising.The reserves at both Simberi and Gold Ridge are very encouraging and I think we will hear more news on that front in 2011. http://www.alliedgold.com.au/Investor_Relations/Resources/ I think this is a company we will hear a helluva lot more about in 2011.

Good steady buyson AIM, TSX and ASX over last 24 hours. This is good !

The prospect of 120000 annual at Gold Ridge so soon and 100,000 annual already at Simberi this is really good news and we should see the SP reflect this over the New Year.

yeah makes a bit of sense now

its stopped raining

maybe the reason now. Its back up over $1400 and alot of media hype over gold price in the coming year or...... something else !!

http://www.investegate.co.uk/Article.aspx?id=201012241018195968Y http://www.rns-pdf.londonstockexchange.com/rns/5968Y_-2010-12-24.pdf Its reassuring to know that they are as mystified as me !

What I meant to say was that although the sp has risen sharply in the past on the back of good news I have never seen it rise for no good reason.

and have been in and out of this share for about 2 years. I have always thought that this is a sound company with good prospects and somewhat undervalued. Maybe there is a RNS about to appear.

http://www.investegate.co.uk/Article.aspx?id=20101014112905P0B2D

Good to see. Investors are noticing helped by the record gold price of course

Dave, Thought you might be interested in this old link about Cluff. He is the CEO (soon to be relinquished) and Chairman and as such must have had the biggest influence on the culture of the company. Maybe this will change in the future but he will still have considerable input. He has been around a long long time having made his fortune in the North Sea in the early 70's with Cluff Oil. I believe that they are now achieving his ambition to be a gold producer and the threat of a hostile takeover has subsided so apart from getting on I guess he is taking more of a 'back seat' . This link is still on there you willl probably appreciate that 'keeping quiet and getting on with the job' is the way the company and he has operated (quiet alien these days and rather refreshing I might add). I was in and out of this share many times in the past but was a bit miffed at how little CLF told the shareholders but maybe that will change now especially with the new website. http://www.fleetstreetinvest.co.uk/commodities/mining/algy-cluff-00113.html Lets see how things go.

Probably investors who jumped in at an eearlier peak when Cluff received an 'unsolicited' takeover bid and were waiting an opportunity to get out of this share or longer term investors profit taking (see rise over past 2 years). IMO this will soon change when investors really look good and hard at these excellent interim figures and I am sure that the 'big boys' and investment funds will also soon be taking an interest. . Onward and upward.