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Old 07-01-2012, 11:42 AM   #1
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Allied Nevada (ANV)

I've recently been introduced to Allied Nevada (ANV), a growth gold producer with massive silver projects in the pipeline. The company also runs dozens of exploration projects. All properties are located in Nevada. The company is run by a bunch of Kinross Gold veterans (30+ years of experience in the mining sector). Current P/E is above 50, but production is about to kick start pushing earnings up more than 10 times until 2014 at current pm prices. They calculate very conservatively. Their base case scenario is $ 1400 for gold / $ 25 for silver. Cash costs (incl. silver as a byproduct) are arround $ 475 / oz.
The company looks strong financially and is rated "B" by S&P which has laughable pm price projections.
I'm gonna buy some ANV stock tomorrow.



Here's a detailed investor presentation, for production projections see slide 11:

http://www.alliednevada.com/investor...vestor-day.pdf
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Old 07-02-2012, 07:22 AM   #2
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Until they straighten out the U.S. tax changes, I am shying away from stocks. I usually pick up the strong dividend stocks. The current tax rate on dividends is 15%, but that may change to be over 40% once all the new changes happen.

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Old 07-02-2012, 07:55 AM   #3
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ANV doesn't pay a dividend.
I'm not familiar with US taxes however. I'm paying taxes in Switzerland. Capital gains on stocks (and pms) are tax free for private individuals here. Foreign dividend taxes are mostly deductable from Swiss taxes, so there isn't a double taxation issue either.
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Old 07-02-2012, 08:15 AM   #4
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Originally Posted by swissaustrian View Post:
ANV doesn't pay a dividend.
I'm not familiar with US taxes however. I'm paying taxes in Switzerland. Capital gains on stocks (and pms) are tax free for private individuals here. Foreign dividend taxes are mostly deductable from Swiss taxes, so there isn't a double taxation issue either.
Wow, I need to move. As of next year, my tax rates are supposed to be over 30% for short term (less than 1 year) captial gains and 20% for long term capital gains. Depending on how the laws shake out, any dividends will be taxed in the 35-45% range.

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Old 07-03-2012, 04:54 PM   #5
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ANV is looking pretty good, SA! Wish I had bought yesterday, but hadn't done my due diligence yet.
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Old 07-09-2012, 11:13 AM   #6
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ANV buying opportunity right here!
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Old 07-09-2012, 11:18 AM   #7
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Keep an eye on HUI 422 and GDX 44.10..

We don't want closes below those levels or we will likely see more buying opportunities in the short term.
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