Alacer Gold Corp

ASR-T

Analysis and Opinions about ASR-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
January 20, 2016

Located in Turkey is one of the major dangers, because of their elections and that they are not getting along with Russia. Thinks the US$ is high, so when that comes down the gold price should go up. The company has zero debt and they make money. Thelr “all in” sustaining costs is $600+. Have about $650 million they can draw on to expand, but that adds a lot of risk to the company. His initial sell target is $6 and change.

Alacer Gold Corp (ASR-T)
January 20, 2016

Located in Turkey is one of the major dangers, because of their elections and that they are not getting along with Russia. Thinks the US$ is high, so when that comes down the gold price should go up. The company has zero debt and they make money. Thelr “all in” sustaining costs is $600+. Have about $650 million they can draw on to expand, but that adds a lot of risk to the company. His initial sell target is $6 and change.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.100
Owned
Yes
TOP PICK
TOP PICK
December 1, 2015

Have some hits against them including the price of gold, the US$, and it is located in Turkey. Have about $385 million in the bank. Had no debt, but have taken some on so that they can expand their copper play in Turkey. Their “all in” cost is less than $700, so they are profitable. The big thing now is that they have to bring this play on and expand it effectively, and that is going to take a few years, and probably about $650 million in total, which is why they have the debt lined up. He can see this doing a triple from here.

Alacer Gold Corp (ASR-T)
December 1, 2015

Have some hits against them including the price of gold, the US$, and it is located in Turkey. Have about $385 million in the bank. Had no debt, but have taken some on so that they can expand their copper play in Turkey. Their “all in” cost is less than $700, so they are profitable. The big thing now is that they have to bring this play on and expand it effectively, and that is going to take a few years, and probably about $650 million in total, which is why they have the debt lined up. He can see this doing a triple from here.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.570
Owned
Yes
TOP PICK
TOP PICK
March 26, 2015

Lots of money and no debt and they are expanding their copper deposit. Companies have been looking at them and they could get possibly taken over at some point.

Lots of money and no debt and they are expanding their copper deposit. Companies have been looking at them and they could get possibly taken over at some point.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.680
Owned
Yes
BUY
BUY
February 3, 2015

Loves this company. They have US$340 million in the bank and have no debt. There is a little bit of danger because they only have the one mine in Turkey. They are changing things there. They are producing at the mine and they have revenues. They are looking to extend the life of the mine. He can see this going up to $6-$8. Hypothetically, this could have been a Top Pick for the show.

Alacer Gold Corp (ASR-T)
February 3, 2015

Loves this company. They have US$340 million in the bank and have no debt. There is a little bit of danger because they only have the one mine in Turkey. They are changing things there. They are producing at the mine and they have revenues. They are looking to extend the life of the mine. He can see this going up to $6-$8. Hypothetically, this could have been a Top Pick for the show.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.760
Owned
Yes
DON'T BUY
DON'T BUY
February 3, 2014

One of the better cost profiles, $700/oz. The mine life is somewhat short (3-4 years) and then the mine tappers off. They have to develop a second asset that requires a lot of capital and infrastructure. It will consume all of their cash flow. There are better places to go.

Alacer Gold Corp (ASR-T)
February 3, 2014

One of the better cost profiles, $700/oz. The mine life is somewhat short (3-4 years) and then the mine tappers off. They have to develop a second asset that requires a lot of capital and infrastructure. It will consume all of their cash flow. There are better places to go.

Jon Case
Portfolio Manager, Sentry Investments
Price
$2.310
Owned
No
PAST TOP PICK
PAST TOP PICK
September 29, 2010
(A Top Pick Oct 16/09. Up 184.84%.)
Alacer Gold Corp (ASR-T)
September 29, 2010
(A Top Pick Oct 16/09. Up 184.84%.)
Charles Oliver, HBSc CFA
Senior Portfolio Manager, Sprott Asset Management Inc.
Price
$6.910
Owned
Yes
TOP PICK
TOP PICK
April 9, 2010
Gold producer in Turkey and the mine is in ramp-up mode now. Easy to mine oxide deposit. Drilling some higher grades deeper down in the sulphide, which provides great upside. Trading below NAV.
Gold producer in Turkey and the mine is in ramp-up mode now. Easy to mine oxide deposit. Drilling some higher grades deeper down in the sulphide, which provides great upside. Trading below NAV.
Robert Lyon
Senior. Vice President & Portfolio Manager, AGF Funds Inc.
Price
$4.620
Owned
Yes
TOP PICK
TOP PICK
October 16, 2009
Hasn't participated with gold but actually came off. Selling up to 20% of their Copler gold mine. Market wasn't happy and they have been over penalized. Will be in production in 2011/2012 and in 2012 they should be trading at 5X PE.
Alacer Gold Corp (ASR-T)
October 16, 2009
Hasn't participated with gold but actually came off. Selling up to 20% of their Copler gold mine. Market wasn't happy and they have been over penalized. Will be in production in 2011/2012 and in 2012 they should be trading at 5X PE.
Charles Oliver, HBSc CFA
Senior Portfolio Manager, Sprott Asset Management Inc.
Price
$2.440
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 27, 2004
(A top pick Jan 23/04. Up 4.2%.) Some major companies have been buying into part of their holdings in Turkey. Their exploration upside is excellent.
Alacer Gold Corp (ASR-T)
February 27, 2004
(A top pick Jan 23/04. Up 4.2%.) Some major companies have been buying into part of their holdings in Turkey. Their exploration upside is excellent.
Robert Cohen B.A.Sc., MBA, CFA
Vice President & Portfolio Manager, Dynamic Funds
Price
$1.700
Owned
Yes
TOP PICK
TOP PICK
February 2, 2004
Next year will be about exploration. Could be in production in middle of 2006. Undervalued.
Alacer Gold Corp (ASR-T)
February 2, 2004
Next year will be about exploration. Could be in production in middle of 2006. Undervalued.
Robert Cohen B.A.Sc., MBA, CFA
Vice President & Portfolio Manager, Dynamic Funds
Price
$1.650
Owned
Unknown
TOP PICK
TOP PICK
January 23, 2004
Have purchased Rio Tinto’s right of 65% of their Turkish property. Kinross is also interested. 4.2 million ounces of referred resources. Speculative. Very undervalued.
Alacer Gold Corp (ASR-T)
January 23, 2004
Have purchased Rio Tinto’s right of 65% of their Turkish property. Kinross is also interested. 4.2 million ounces of referred resources. Speculative. Very undervalued.
Robert Cohen B.A.Sc., MBA, CFA
Vice President & Portfolio Manager, Dynamic Funds
Price
$1.650
Owned
Yes
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