Allied Nevada Gold Corp ANV

Moving higher?

[MiningMonster]

This could bounce hard as the late shorts dry up!

PS CIBC has been dead wrong since DAY 1 !

[metylman2000]

Everyone hates ANV now, management has screwed the pooch, operational problems are plagueing them, and they just deferred mill which takes away the possibility of doubling production for probably 2-3 years beyond their original targets. Slowly but surely, the impediments will disappear. Sure they have debt, but as long as gold doesn't go sub-$1000, they're turning enough profit to pay the

[MiningMonster]

exactly they have been hit with everything, dont forget: inventory build at the same time gold price dropped precipitously, short selling of 10% of the float and analyst downgrades. yet they still turned a profit, but trading at 1/10 the valuation of peers based on OZ in the ground. this is the biggest deposit in nevada. gold is down 40% and Faber is pounding the table that it's a