ANL - Amani Gold

[Ruprect]

Ok, so another few more days to wait.

Can anyone please explain why KAL have come out of a trading halt and not gone into suspension pending the finalisation of the deal with BYR? Or for that matter, if KAL can trade, why BYR cannot given the announcement of the in principle agreement is out?

Perhaps we shall see an independent announcement by BYR today re the deal and then back on the market.

IMO pending finalisation of the deal, they should both be in a TH. They have aleady struck the terms and are now just seeking third party approval.

 

[YOUNG_TRADER]

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

Much better than before,

Previous deal was 17.5m shares

This deal $1.75m + 2m shares

Save 15.5m shares which placed at 20c = $3.1m

Net benefit = $1.35m


I reckon BYR will spin off U assets now, and require the float to pay it say $2m + give us shareholders priority to float

 

[bigt]

Yep, agree with YT...much better deal for BYR than the previous conditions.

A spin off is now very likely and would hopefully benefit us BYR holders.

 

[j4mesa]

Oh yes, you are right YT......regarding BYR,I missed out on the previous agreement

YT, just this is a bit out of track, just wondering how is your method of research for those prospective companies as there are plenty of companies out there?

Also, do you invest in property?

 

[YOUNG_TRADER]

Oh yes, you are right YT......regarding BYR,I missed out on the previous agreement

YT, just this is a bit out of track, just wondering how is your method of research for those prospective companies as there are plenty of companies out there?

Also, do you invest in property?

Didn't we cover this in a pm?

Specifically re BYR, I saw company that had a prospective albeit low grade gold project in Africa near a mill/mine so could be toll treated with very little cap ex,

I also saw they were going to acquire a whole bunch of U projects, 1 near PNN'S deposit, 1 near AGS's deposit, I in a JV with Canadian Mega U and a non JORC compliant Deposit in W.A.

Given its tiny mkt cap, it had the right mix of risk vs reward for me,

However I must admit, management appear to be the weakest link here I wait to be proven wrong though!

 

[mobcat]

Ok guys atm we have got half of what I expected ( wanted )the KAL u ann. is out and it's all good even seems a little better than what I expected??? Not arguing but the terms are leaning BYR holders way IMO with the excess on the oppie issue still in play ................if head office can follow this up at close today or just before with a pos U ann (in the bag) and a pos update on Guinea I think I might have the week off LOL ...................As i have said before the benefits to BYR holders are huge on this U spec spin-offs and SP re valuation on re assayed U dirt at new U world prices imo the price that BYR have scored the KAL tenements is a bargain and there has been a lot of IPO's launched in the last 12 months with half of the U dirt that BYR are acquiring in the deal.

This all helps to put faith back in management as all seems to be coming together as planned all be it a little late ..........but in there defence a deal like this is not easy and it can be a company changing event so you don't want to stuff it up by being greedy and just following market trends on U spec with no value in the asset we will be getting off KAL.

Sure will be interesting to see where the sp is by Fridays close good luck all

 

[greggy]

Much better than before,

Previous deal was 17.5m shares

This deal $1.75m + 2m shares

Save 15.5m shares which placed at 20c = $3.1m

Net benefit = $1.35m


I reckon BYR will spin off U assets now, and require the float to pay it say $2m + give us shareholders priority to float

Hi YT,

On the face of it the deal looks much better than I thought it would be. Not much dilution. IMO it was indeed worth waiting this long. Now lets see how the share price reacts when BYR starts trading again.
DYOR

 

[Joe Blow]

Out of the trading halt and into a suspension:

"Burey Gold Limited seeks a voluntary suspension of the quotation of its securities. The company is in the process of finalising the acquisition of further mineral projects.

It is expected that the suspension will end upon the release to the market of an announcement detailing the mineral properties and terms of acquisition."

 

[YOUNG_TRADER]

Out of the trading halt and into a suspension:

"Burey Gold Limited seeks a voluntary suspension of the quotation of its securities. The company is in the process of finalising the acquisition of further mineral projects.

It is expected that the suspension will end upon the release to the market of an announcement detailing the mineral properties and terms of acquisition."

Seems strange doesn't it, that it needs to go into a suspension for the acquisition of the U projects, I mean everyone knew it would happen, why take so much time?

Even KAL conceded it yesterday,

I only think their putting together a U float, what else would take so long, just speculation on my part though

 

[nomore4s]

Seems strange doesn't it, that it needs to go into a suspension for the acquisition of the U projects, I mean everyone knew it would happen, why take so much time?

Even KAL conceded it yesterday,

I only think their putting together a U float, what else would take so long, just speculation on my part though

A U float would be good. But they could be just finalising the details of the deal, this management seem to take ages to do anything

But I'm hoping for the U float

 

[Ruprect]

Yes, weird. KAL are trading, and we know that the aquisition that they speak of is from KAL. So therefore they should both be in a TH. Technically anyway because it affects both companies materially.

The U spin off or something else could be a possibility, not a bad thought YT.

 

[Pommiegranite]

noob question:

when is a suspension used instead of a TH?

Do THs have a timeframe and Suspensions indefinite?

 

[bigt]

Trading halts are usually no more than 2 days..in exceptional circumstances the ASX will allow a back to back TH, though usually recommends a voluntary suspension..if the company believes it will not be able to finalise its announcement during the standard 2 day TH.

 

[Absolutely]

Excuse my ignorance please but what would be involved in a uranium spin-off exactly ?

Should I assume it would be issuing new shares for a new company to existing shareholders ?

 

[Pommiegranite]

Excuse my ignorance please but what would be involved in a uranium spin-off exactly ?

Should I assume it would be issuing new shares for a new company to existing shareholders ?

Sometimes though you have to have a minimum holding in the parent company eg $5k.........

 

[greggy]

I'm disappointed that it didn't trade today. BYR's management are pretty slow. KAL has already begun trading once more. Still BYR's uranium deal looks pretty good to me going by KAL's announcement.
DYOR

 

[nomore4s]

Out of the trading halt and into a suspension:

"Burey Gold Limited seeks a voluntary suspension of the quotation of its securities. The company is in the process of finalising the acquisition of further mineral projects.

It is expected that the suspension will end upon the release to the market of an announcement detailing the mineral properties and terms of acquisition."

Joe, just curious, have you got a stake in this one? Don't see you posting much on the stock threads unless it's kicking someones **** for ramping, lol.

 

[Kauri]

Although they have $4mil odd in the bank what with the current gold exploration expenses and $1.75mil for Kal's U leases and therefore associated exploration expenses for those leases it may be an opportune time to raise a little of the folding stuff while it is still relatively easy to do so.???

 

[greggy]

Although they have $4mil odd in the bank what with the current gold exploration expenses and $1.75mil for Kal's U leases and therefore associated exploration expenses for those leases it may be an opportune time to raise a little of the folding stuff while it is still relatively easy to do so.???

Good point Kauri. Maybe they're trying to do this as we speak, just shear speculation on my behalf. Its certainly taken them a long time to go ahead with this deal.
DYOR

 

[Joe Blow]

Joe, just curious, have you got a stake in this one? Don't see you posting much on the stock threads unless it's kicking someones **** for ramping, lol.

Yes, I tend not to post on stock threads these days and on the odd occasion that I do I just make observations, never any predictions of movement one way or the other.

However, in answer to your question, yes I do have a small stake in BYR.