Allied Nevada Gold Corp ANV

The problem here

[velcro1]

as I see it. Is not so much whether this company makes money or not. It does, a few key statistics from the last three years:

Revenue (in millions $)

2012 - 214
2011 - 152
2010 - 130

EPS (Net)

2012 - $0.53
2011 - $0.41
2010 - $0.41

Ounces produced of Gold

2012 - 137,000
2011 - 104,000
2010 - 103,000

But they seem to me to be a victim by their own hand. By consistently missing their own overly optimistic guidance numbers. Which is easy enough to do when you are ramping up your production as they are. And often enough beyond your own control.

You can experience delays with contractors, equipment, obtaining permits etc. Just to name a few of the potential pitfalls. Their April 12, 2012 press release could be just one example that I could sight.

My advice is to reign in the guidance boys and better yet, theres no law that says you have to give any in the first place. Guidance is just some ones best guess if you ask me.

[blueray]

you can get a 100k oz from McEwen MUX  this year for 2.50 a share,  I think ANV knows they'll need more a lot more $$$ to finish expansion. 

[bonjovi501]

What a down fall for ANV and makes you wonder what is coming. From the penthouse to the outhouse in such short time. I am looking to add more shares once this madness ends and would not be surprised to see under $10.00 before June. Lot of value lost and many of us shareholders having to work past retirement to make a living. Once I break even in these markets I am out forever. Not a game for