Alacer Gold (OTCPK:ALIAF) is a gold mining company that has recently gone through some transformational changes. Since our last article a few months ago the company has changed leadership, found a buyer for its Australian assets and has sketched out the way forward for the remaining flagship asset, the Copler gold mine in Turkey.
In analyzing this transformation, we believe that Alacer Gold is currently overvalued and we expect the share price to remain under pressure for some time to come. Having said that, we also believe that the company has chosen a path that offers significant potential in coming years.
In the present article, we would like to offer our analysis...
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