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Allied Nevada Gold Corp ANV



NYSEAM:ANV - Post by User

Post by thedave2006on Mar 10, 2015 5:31pm
504 Views
Post# 23507200

everyone has an opinions

everyone has an opinionsincluding yourself.....only one person is the most important, yourself since you are the only one accountable for one's own actions, inactions..... cheers, dave. Taylor says buy Allied Nevada 2015-02-24 21:04 ET - In the News Jay Taylor, in the Feb. 13, 2015, edition of Gold, Energy & Tech Stocks, says buy Allied Nevada Gold Corp., recently $1.21. Mr. Taylor said buy four times from Feb. 17, 2009, to June 21, 2011, at prices ranging from $6.16 to $31.61. He said sell on Sept. 20, 2011, at $44.85. Assuming a $1,000 investment for each buy, selling at $44.85 yielded a profit of $11,288. He said buy again on April 17, 2013, at $10.75 and on Jan. 16, 2014, at $4.60. A $1,000 investment for each of the two buys is now worth $375. Mr. Taylor recently talked to a major Allied Nevada shareholder who is "very well connected" with its goings-on. The shareholder claimed bafflement at the company's poor share performance given its ownership of one of the largest and most economic gold mines in Nevada, Hycroft. Mr. Taylor reckons that the malaise stems from the myth that Allied Nevada took on over $500-million in debt and got nothing in return. The company is undoubtedly indebted, says Mr. Taylor, but it used the money on projects that either have provided or will provide a substantial increase in production. "There is no way the household-name majors working in Nevada are not licking their chops over Allied Nevada," Mr. Taylor concludes. He has been buying.
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