Australian (ASX) Stock Market Forum

AGS - Alliance Resources

AGS: Gold and uranium miner

AGS is currently abou one third of the way through their current uranium drilling program they have already had two announcements regarding this drilling program which have sent the share price in the northerly direction in a hurry (50% gain within an hour of the last announcement). Another announcement regarding progress/findings of current drilling program is due early next week. The company has also found high grade gold samples in its recent drilling progam in Maldon, Victoria. Check it out.
 
AGS

Interesting little Uranium stock...has anyone any comments...just bought some..please comment
 
Re: AGS

I just looked at the chart and would you have a run down on the fundamentals and the prospects so far??
 

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Re: AGS

chicken
Been holding for a while now got in @.14c in Oct 05 this is the ONLY Uranium stock that is under existing lease but they only hold 25% still if you are looking at over $6billion based on existing drill results that's good news not to mention it could either merge or be taken over

cheers laurie
 
Re: AGS

laurie said:
chicken
Been holding for a while now got in @.14c in Oct 05 this is the ONLY Uranium stock that is under existing lease but they only hold 25% still if you are looking at over $6billion based on existing drill results that's good news not to mention it could either merge or be taken over

cheers laurie
Thanks Laurie.....cheers
 
Re: AGS

laurie said:
chicken
Been holding for a while now got in @.14c in Oct 05 this is the ONLY Uranium stock that is under existing lease but they only hold 25% still if you are looking at over $6billion based on existing drill results that's good news not to mention it could either merge or be taken over

cheers laurie

Hi Laurie

Could you please explain a little more in regards to this term as i got a little lost here? "that is under existing lease but they only hold 25%"
 
Re: AGS

If it formed a handle we'd serve tea wouldn't we dears, but it looks more like a soup ladle - a rounded bottom already topped. I wonder if the price is being influenced by those nice boys meeting in Sydney yesterday and today about green gas who seem to want some yellow cake with their tea (or soup).
 
Re: AGS

TheAnalyst said:
Hi Laurie

Could you please explain a little more in regards to this term as i got a little lost here? "that is under existing lease but they only hold 25%"

It's rather confusing.

Beverly is mined by a Canadian company called Heathgate Resources. Heathgate exploration arm Quasar in joint venture with AGS has a 75% holding AGS have a 25% free carry.

cheers laurie
 
I think there is more of a chance of the share price going to 40 cents than
back to 19 cents , if not for the speeding ticket that they received it probably would have been there yesterday.
 
Definitely something going on with this stock , went down yesterday
after speeding ticket, all day sat on 29 - 29.5 cents with low turnover
then in after market close 205,000 were brought at 29.5 cent , now
this morning sellers have retreated and big buyer coming back in. So maybe
the speeding ticket has made the buyers a bit more cautious but they are
still there , and more than likely the reason why this stock went up as well.
( eg takeover , new estimate or whatever )
 
Well this little baby will get another speeding ticket shortly :D
sp now .41c 6.89% rise to-day and there's more to come if not a buyout or takeover offer of it's 25% holding

cheers laurie
 
Absolute standout U stock on the ASX - check the latest presentation on page 12: Comparion with PDN's Langer H deposit over double the mineralisation, and higher grade, and open to east & west.

Yes, much more to come......will see $1 soon unless Heathgate makes the expected takeover first. :p:

regards all
 
kariba said:
Absolute standout U stock on the ASX - check the latest presentation on page 12: Comparion with PDN's Langer H deposit over double the mineralisation, and higher grade, and open to east & west.

Yes, much more to come......will see $1 soon unless Heathgate makes the expected takeover first. :p:

regards all

Kariba
Yeh thinking about sp v what's in the ground it's way undervalued anyhow it has hit .445c let's hope your $1 is in sight

cheers laurie
 
AGS SP still has heaps in the tank IMO:

On p11/12 of AGS' latest presentation they make the statement that:

PDN has 1.7km² @ .025% U3O8 (PDN have already announced that the deposit = 52,470,004 lbs of U3O8 or 23,800 tonnes) - inground resource value per share of: $6.10

NOW:

AGS have just announced that they have 4km² @ .03%! Taking into account the extra 2.3km² & 20% higher grade, THEN: Mathematically, AGS has about 143,243,110 lbs of U3O8 or 65,000 tonnes

AGS share of that is 25% = 35,810,777 lbs of U3O8 for a value of $1,851,030,050 with an inground resource value per share of: $8.09

AGS has to be the best/safest U stock on the ASX IMO! It is really looking the goods.

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