ANL - Amani Gold

[Who Dares Wins]

What surprises me is that BYR management must be aware that some shareholders are less than impressed by their preformance at times. ie the lateness of announcements etc. But yet it doesn't seem to motivate them to pick up their act at all? Odd.

Enough of this for today, its duck season in NZ and its a wet day here so I'm off shooting for evening.

Cheers.

 

[mobcat]

Hi guys just spoke to Ron Jajeweski Chairman of the board BYR and asked what the state of play was r.e kAL pre open and he stated the situation with kal atm has nothing to do with BYR KAL U deal and that BYR will inform the market on the deal by next friday i thought they had till the end of the month but he told me they have till the 12th of june ..........His mood was very up beat and didnt seem pressured at all on the phone......... i asked r.e Guinea and all was up beat and rosie talk of recent trip to Africa drills coming on line early june etc etc anyway all looks OK still on track for a double header ann Gold and U i just wish they would ann it

 

[Ruprect]

Hi guys just spoke to Ron Jajeweski Chairman of the board BYR and asked what the state of play was r.e kAL pre open and he stated the situation with kal atm has nothing to do with BYR KAL U deal and that BYR will inform the market on the deal by next friday i thought they had till the end of the month but he told me they have till the 12th of june ..........His mood was very up beat and didnt seem pressured at all on the phone......... i asked r.e Guinea and all was up beat and rosie talk of recent trip to Africa drills coming on line early june etc etc anyway all looks OK still on track for a double header ann Gold and U i just wish they would ann it

Well done Mob, thanks for that.

BYR has come back in recent trade, only about 120k on offer below 30cents. Whatever happens, sometime next week we will know all.

 

[mobcat]

Hey guys this is good buying imo 27 cents is a bargain Lehman Bros
is out of the loop now selling down sp
BYR has a lot going for it the top twenty hold a big portion of BYR and we are not going to give em away im telling ya im ...........i am in this one for the long haul .

Spin offs could be a big bonus on this stock this U deal is on a lot of radars atm just pending this bloody ann and the mix is good.
The gold play in Guinea is proving up this one is only going to take a nudge from head office about the kal U deal to go for a run the longer we wait the more spec for the Ann the paitent will win in the end as allways with trading
be cool it would be silly to sell at under 40 cents imo for the sake of a week

 

[mobcat]

Hows that buy side this arvo havent seen it look that good for a while could be a very interesting close today

 

[mobcat]

Somebody really wants in hey might show a bit of leg on close at 49 again show em what they will have to pay if they want a bagfull bugger em

 

[Absolutely]

geeez mobcat look at that buy side now I never saw it like that before wow wow

Something going on now I think

 

[Ruprect]

geeez mobcat look at that buy side now I never saw it like that before wow wow

Something going on now I think

Yes, as long as they remain tomorrow and no reason why they wouldnt, they look very promising.

2 buyers @ 27.5 for 500k
1 buyer @ 27 for 250k
1 buyer @ 26 for 200k
1 buyer @ 25.5 for 100k

and it goes on. The buy side is littered with single buyers for large orders.And big single buys went through pushing this up from its low of 25. Good result for a down day.

 

[mobcat]

Yeah nice finish today for sure i must admit shes a testy stock but it could be worse i would hate to be on the other side of the fence trying to buy in atm will i wont i type thing looks like the will i won over today .......

Should be a good finish to the week tommorow for BYR ......and i was impressed with the way Ron spoke today on the Guniea front he couldnt give anything away but he was very up beat about it The Gold grades are low for Guinea but the volume is huge and the proximity to infrustructure is the basis for a low cost start up mine with low overhead from cheap local labour and engeneering ,and not having the EPA controls in Guinea like we do here when it comes to leaching controls etc in gold mines is a huge factor in making it viable with POG looking very bullish atm and the forcasters are saying put youre house on it it,s going north with copper on it,s back atm so all very good for BYR ERL etc all having good days today not a coincednce i fell guys .....

And the U spec for BYR is a huge bonus as i have allways said i got on for the gold in Guinea but i certinely would not knock back the U play should be a great bonus but please mister BYR if you are reading this fill us in i am getting a little sick of the slow progress on the ann really mid march till what is it now end of may fair is fair no wonder a few casualty of late lots of new players on BYR with attention spans of a nat thats why it was so easy to accumulate march till now on thin trading imo .

Any way thats my 2 bobs worth on this little peice of the pie got lots of hot fingers in it atm things are just buzzing along nicley of late hope it keeps up

 

[Ruprect]

Trading Halt.

Good, an announcement soon. Bit of a pity, i wouldnt have minded picking up some more today if the market follows the dow's lead overnight.

 

[mobcat]

Well here we go hey, let the games begin goodluck and good fortune to holders what can we say the book has been printed

 

[petervan]

Lucky enough to get these at 27 cents yesterday and took my sell off this morning with the trading halt. Let the games commence.

 

[greggy]

Interestingly,both KAL and BYR are both in trading halts. IMO, and this is just speculation on my behalf, this is most likely to be related to the possible acquisition of KAL's uranium interests. Only time will tell. It should be a very interesting time next week.
DYOR

 

[Pommiegranite]

Interestingly,both KAL and BYR are both in trading halts. IMO, and this is just speculation on my behalf, this is most likely to be related to the possible acquisition of KAL's uranium interests. Only time will tell. It should be a very interesting time next week.
DYOR

KAL went on TH yesterday midday, and BYR prior to open today.

Does anyone know, from prior experience, whether if a deal relating to 2 companies if struck, both companies usually go on TH simultaneously?

My question is why BYR's SP didn't move after KALs announcement of a TH. Perhaps BYR's deal with KAL is already factored into the BYR SP?

 

[GRTRADER]

I'm guessing that they arent related if they didnt do it at the same time. However the halt is good news as they have been due an announcement so next week hopefully the SP will begin the upward climb

 

[Ruprect]

No, i doubt its for the same reason. Mobcat spoke to the chairman yesterday, and he reported that it wasnt to do with BYR. KAL have a couple of other things on the burner, assay results and restructure so i would expect them to be reporting about one of those. If KAL went into TH and BYR didnt for the same issue, then the ASX would have some serious questions for them. After their pursuit of NIA and FMG last week, i doubt BYR would be that sloppy.

This probably means that unless BYR announce pre open on Monday regarding the deal, KAL will need to go into suspension until BYR announce. That might mean a double announcement by KAL.

I think the deal is only somewhat factored into the sp. Many traders like to see the positive announcement before taking the plunge, fair enough, so a good announcement will prove positive imo. The best indication i have for this is the accumulation that took place on Thursday afternoon, in late trade. It hit a low of 25c before some serious buyers came in, with large single orders pushing the price up to a high of 29c. Thats usually a very good sign.

But, we shall see either Monday or Tuesday if they, (and us), are correct here.

 

[Ruprect]

KAL annoucement out. Results of Strategic review and...in principle agreement with BYR to sell uranium sites for $1.75million and 2 million shares.

 

[nvox]

Kal ann out and it mentions the uranium deal with byr
It looks like the deal has changed to- byr to pay 1.75 million cash and 2 million byr shares for kal's uranium tenements.

edit Ruprect beat me lol

 

[YOUNG_TRADER]

This is from KAL's ann

As a result of this uncertainty, and in order to clarify the situation, the Company has reached an agreement in principle with Burey Gold to restructure the transaction in a way which provides certainty and useful working capital. It is proposed that the consideration payable by Burey Gold for the Company’s uranium tenements and other interests will now be $1.75 million in cash payable on settlement and 2 million Burey Gold shares which are subject to less restrictive escrow periods. The issue of the 2 million Burey Gold shares may require Burey Gold’s shareholder approval.
The terms of the proposal are also subject to the approval of various third parties who have interests in some of the tenements.
It is expected that this new proposed agreement will be agreed, documented and executed over the next few days. Burey Gold has indicated that it intends to exercise the option on the above terms.

 

[j4mesa]

I thought it was a significant drillings
So we will see some small degree of dilution in BYR for some short moment