ANL - Amani Gold

[greggy]

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.

Joe, thanks for posting their ann. earlier today. BYR's due dilligence in relation to the uranium acquisition went on for a very long time. However, I hope that the wait will be worth it when BYR begins trading again.
DYOR

 

[nomore4s]

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.

Hopefully BYR performs then, the boss is on board.

Will be interesting to see the ann when it is finally released to the market. Surely there will be more to it than just saying they are purchasing KALs U.

To the more expirenced guys/girls, what sort of money could they expect to raise if they do a U spin off?

 

[blobbob]

From Saturdays West Australian-
'Burey Gold last traded at 28.5c before the Balcatta based company called a trading halt yesterday morning. Next week it is expected to unveil the completion of a $2 million share and option issue to bankroll its acquisition of uranium tenements from Kalgoorlie-Boulder resources which is also in a trading halt.

 

[YOUNG_TRADER]

From Saturdays West Australian-
'Burey Gold last traded at 28.5c before the Balcatta based company called a trading halt yesterday morning. Next week it is expected to unveil the completion of a $2 million share and option issue to bankroll its acquisition of uranium tenements from Kalgoorlie-Boulder resources which is also in a trading halt.

Oh snap, I didn't realise this was a Balcatta based company, with the U acquisition the Balcatta boys must be involved, no wonder it got those huge buy orders that took it up to 30c from 20c,

Mark my words I think this had got the backing of the Balcatta boys, if you don't know who they are, do some research on them, they're kinda like the ascent group but different. Could be wrong though

 

[Kauri]

Oh snap, I didn't realise this was a Balcatta based company, with the U acquisition the Balcatta boys must be involved, no wonder it got those huge buy orders that took it up to 30c from 20c,

Mark my words I think this had got the backing of the Balcatta boys, if you don't know who they are, do some research on them, they're kinda like the ascent group but different. Could be wrong though

You don't mean Jurman and co (Balcatta Boys) working out of 30 Ledgar Rd Balcatta do you... ..?

 

[Ruprect]

Yep, Director is Ron Gajewski. I stayed away from Carnvale which he is also with, when it was trading in low 40s a couple of months back cos i got spooked. Now at $1.20, and seemingly rising. Hmmm. Can BYR do the same?

Either way, the deal is positive, and better than previously announced.

Just a pity they couldnt get their act together and release to the market. In hindsight, today would have been perfect given the positive sentiment.

 

[Gundini]

What are these guys doing? Gone on holidays? Skipped to the Bahamas with our cash?

Come out, come out wherever you are!

 

[nomore4s]

What are these guys doing? Gone on holidays? Skipped to the Bahamas with our cash?

Come out, come out wherever you are!

lol, yeah they certainly are taking their time but today is a holiday in WA so not much chance of ann ann today, maybe tomorrow, but hopefully this week. The annoucement had better be good, lol, but who knows. Looking more and more like a spin off imo, why else could it be taking so long?

 

[Mousie]

Hey nomore4s or any Perthites so what's the occassion in WA just by way of asking for knowledge's sake?

 

[nomore4s]

Hey nomore4s or any Perthites so what's the occassion in WA just by way of asking for knowledge's sake?

Foundation day? I think, not 100% sure, I only know because I deal with some Perth companies for work and they are shut today for a PH

 

[sleeper88]

could it be possible that they are finalising a placement to overseas institutional investors?..just a suggestion, though i'd rather prefer a spin off.

 

[Ruprect]

Im twiddling my thumbs over here in Melbourne. So far we have a theory of a spin off and a institutional placement.

Anyone have any further ideas as to why this is still suspended?

KAL have been trading since last monday after their halt. Like i have said previously, the deal is materially significant to both companies. If all BYR do is announce confirmation of the deal, then im baffled why they are both not in a halt, or they are both trading.

So the theories of something else coming could be correct.

 

[mobcat]

Hi guys have been to the States for a week and a bit and seems all is a bit quiet with the ASX of late (even more boring with BYR in suspension I see). Should see some serious action once she comes out of suspension I would say it will be on friday have spoken to head office today and all is pointing to a friday return to trade ....................lets see hey the sooner the better starting to get painful now have missed some seriuos op,s of late with so much capital tied up in BYR oh well would rather the money in BYR atm this does look to be a very important step in the future of BYR and the sp should reward the patient in this case hold on guys could be a nice ride post ann.

I do hope they can get some Guinea gold gets mixed in with the u308 ann fingers crossed

 

[greggy]

The most annoying thing about BYR is that its management seems to be slow when making decisions and gives the impression that shareholders are left out in the dark. From what we heard with the KAL announcement the news looks good. Surely, BYR doesn't have to be suspended for this length of time. If its due to a placement they're taking their time about it. Patience is needed though.
DYOR

 

[Who Dares Wins]

Yeah I also have been out of the country for 10 days so haven't been able to follow this as closly as I would have liked. Now i'm back I'm somewhat disappointed that the suspension is still on. I posted earlier maybe a few weeks ago now that I'd give this stock until June 1st to make an announcement or I'd get out, and now that time has come I can't sell even if I wanted to.

In my opinion there is no reasonable explanation why all this has taken so long. Sure, they may have a spin off or it could be anything good for the share price but I feel I can no longer risk the negative financial exposure this management brings to the company.

When they finally do come back they will have to have something fairly stunning to hold my interest.

 

[sleeper88]

well lets hope the wait is worth it..see what happened to GGG, after a long 5month wait.

Finalising more U purchases and spin off maybe?

 

[Mousie]

Conspiracy theory: The suspension was called to enable the holders of previously escrowed shares to sell their holdings once it's lifted. Thoughts people? Apart from already-mentioned spin-offs and what-nots?

 

[greggy]

Conspiracy theory: The suspension was called to enable the holders of previously escrowed shares to sell their holdings once it's lifted. Thoughts people? Apart from already-mentioned spin-offs and what-nots?

I chuckled at first when reading the announcement dated 8 Jun 07 hoping that it would have been in relation to the uranium acquisiton, but when it was only concerning 487,500 shares being escrowed conditions then I don't think BYR's management have delayed any announcement for this particular reason. Its happened to many other companies though.
DYOR

 

[Who Dares Wins]

Should see some serious action once she comes out of suspension I would say it will be on friday have spoken to head office today and all is pointing to a friday return to trade ......

Well thats friday over and done with and still nothing so what do you think now about what head office told you?

 

[nomore4s]

Well thats friday over and done with and still nothing so what do you think now about what head office told you?

Just rang them myself. They said early next week or at the latest mid next week the shares should come out of suspension.
I'm getting a bit frustrated with the whole thing to tell the truth, what could possibly be taking them so long? It's been 2 weeks!
What I'm worried about now is that this period of suspension could have spooked/annoyed a few investors and there could be a sell off if the news isn't very very positive. I have set a stop loss at 26c to at least leave the trade with a small profit(+ the oppies) in case there is a sell off.