Allied Nevada Gold Corp ANV

RE:ANV Earnings Show The Company Is In Serious Trouble

[John76]

Hello guys, I do not know to much about 'ANV' but it looks like a great opportunity if the price of gold indeed does turn around at some point. This stock has taken a beating looking at its chart over the past year or so. Are things as bad as they seem or aren't they? As I understand, this year required CAPEX for the Merill-Crowe plant that was built. Shouldn't CAPEX costs be a lot less now that this plant has been built? I assume the 1.32 billion dollar mill expansion is not going to go ahead at this point, so this 1.32 billion dollar figure is not really a liability of sorts. The company currently has 'current liabilities' of 130 million dollars. Cash at hand is 5.8 million dollars. There is 23.7 million dollars in inventory. Approx. 60 million is available in revolving credit. Judigng by those figures the company could hold out for a while? Also, the recent quarterly net income of negative 62 million dollars was heavilly influenced by the write-downs which were some 65 million dollars. I know this company is not a solid thing at this point, but is it as bad as some people might think?