Allied Gold Mining (ALD) - price collapsing

Discussion in 'Stocks & Derivatives' started by Black_Sun, Feb 15, 2012.

  1. Black_Sun

    Black_Sun New Member

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    Hi there,

    I have brought & sold ALD twice now, making a tiny-moderate profit both times. However, it is not clear to me why the sentiment is so sick on ALD. As such, I'm hesitant to dip my toes in the ALD water again.

    Can anyone shed some light on why you think the price has declined badly since the reverse split? Is it solely because each ounce costs them so much?

    Thanks.
     
  2. SilverSanchez

    SilverSanchez Active Member

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    Looks like the same disease that Oceana Gold Corp and Eldorado Gold are suffering from - incidently they are all companies who contry of origin is not australia. Dont know if that is the reason but it is a pattern I see.
     

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