ANL - Amani Gold

[falconx]

Well people finally the announcement came and it appears to have been fairly positive seeing it opened at 39.5c and then traded at 40c for a little while. The bit I don't understand is the level of disparity between the options and the shares.

In the case of BYR I thought the options would trade at a slight premium to the share price minus around 20c (strike price). So if the market valued BYR at 40c then the options should have been trading at least around the 20-25c range.
This didn't happen, was it just due to lag or that people are less aware that byr have options or what?
I also found it strange that at the end of the day the shares were up 14% but the options were down 20% on their previous close?
Not too sure how to interpret that, if my reasoning from earlier is on the right track the options should be trading somewhere above 12.5c. Thus it would appear to me the options are now oversold and undervalued especially seeing as though they still have 2 years to go. I have only been into the stock market for about a year and byr are the only options I've held so would appreciate anyone shedding some light on this for me. Cheers

P.S Just for the record I sold my options on Friday at 15c (1500% can't complain) which at this stage seemed to be the right play but I'm seroiusly thinking of buying in again on Monday.

 

[Pommiegranite]

Well people finally the announcement came and it appears to have been fairly positive seeing it opened at 39.5c and then traded at 40c for a little while. The bit I don't understand is the level of disparity between the options and the shares.

In the case of BYR I thought the options would trade at a slight premium to the share price minus around 20c (strike price). So if the market valued BYR at 40c then the options should have been trading at least around the 20-25c range.
This didn't happen, was it just due to lag or that people are less aware that byr have options or what?
I also found it strange that at the end of the day the shares were up 14% but the options were down 20% on their previous close?
Not too sure how to interpret that, if my reasoning from earlier is on the right track the options should be trading somewhere above 12.5c. Thus it would appear to me the options are now oversold and undervalued especially seeing as though they still have 2 years to go. I have only been into the stock market for about a year and byr are the only options I've held so would appreciate anyone shedding some light on this for me. Cheers

P.S Just for the record I sold my options on Friday at 15c (1500% can't complain) which at this stage seemed to be the right play but I'm seroiusly thinking of buying in again on Monday.

the only reason that I can think off is that the market expects Burey to spinoff the new Uranium aquisition into a new company, with only shareholders receiving a discounted entitlement.

 

[nomore4s]

the only reason that I can think off is that the market expects Burey to spinoff the new Uranium aquisition into a new company, with only shareholders receiving a discounted entitlement.

If they do spin it off, they will probably give option holders a chance to covert the options, raising more money for the company, just my opinion.

 

[ta2693]

Its performance is very strange.
The option price is up 10%
the share price is down 7.69% but there are two large bid order at 30c

That remind me of CFE and CFEO.

I have to ask myself again, who is right, the buyer of option or the seller of shares?

Is anyone here want to out today? Is the selling from you ,YT,Mobcat?
I know you are holding a lot BYR.

 

[mobcat]

Nup not me selling .................bad day on the ASX in general the iron ories are the only green on my screen i wont be selling byr until a gold update hang in there guys dont think it will do harm atm i do think ERL is good buying today with pennys find update (jorc) coming soon other wise sitting tight till new fy

 

[Riles]

The option price got skewed at the close Friday by an after hours trade for about 400 options at 10c. Previous price was around 13 I think.
Someone playing silly buggers.
Consquently, the price opened today at 10 when it would've/should've been 13 - in line with the sp.
It'll sort itself out soon.

 

[mobcat]

Sad sad sad guys we wait and we wait for what the sp to get hammerd pre fy stock take sure i can see how some people can see this one as a write down ................but today it come up on my list as a buy all be it a small one today but any action south of 25 is coming to me so if you want to sell down bring it on at least you know its going to a good home

 

[bigt]

Very strange trading for this one, some huge single buys have gone through and are lined up...tried to drag down the price to 23/25 but now moved up to 25/27. I dont know the relevance of this, and the fact that these dont appear to be typical trader buys i.e. smallish packets, but big lines of 100 000 or more.

I would be interested to hear other peoples thoughts on this activity.

 

[bigt]

Really swinging back into positive territory...at one point yesterday there were buyers for 40 000 shares only! Back up to 900k now (an even split betwen buyers and sellers).

Almost as if someone is trying to push this one down, and when it comes back with some strength (as opposed to weakening further), big buys come in (several of $100k plus) (maybe this is the "broker support" as indicated on HC?).

Something must be in the pipeline for BYR, I feel a positive ann will come out soon, either re masounia gold results or details of activities to do with the uranium grounds. Management need to keep the momentum going with this one...dont delay guys!

 

[bigt]

Any significance of a 1.5 mill (volume) single cross trade for BYR? What could this imply? Is this just a "swapping" rather than buying/selling?

 

[mobcat]

Guys I'm drowning in a sea of byr ATM cant get much out of head office lately clammed right up cant wait for some strength to get some fold back bring on a Ann im sick of eating rice crispies and my bollies supply is running low i have bought a few lately at 25 but I'm not digesting them all but iam giving them a nudge any news would be good how about a stock take of office stationery lol hang in there are fun times ahead as they say we are in their hands

 

[crombo97]

Agree Mobcat Any new would be great
I am still holding this one hoping that managment gets there act together!!!

 

[G-Zilla]

Hi guys,

I got out of BYR when they came out of the trading halt and have been eyeing it off over the last few days for a possible reentry. Not sure at this stage, are you guys familiar when the next Mansounia Gold announcements are due?

cheers

 

[mobcat]

Thats the million dollar question GZ at least i hope it is hey

I would say the 1/4 report should have something of a update on guinea and also the direction we are taking in general sit tight good time to get back on board imo you can pick up the slops LOL

 

[Gundini]

Anybody notice the Depth on this one?

100K for sale, and if that is snaped up it goes to Zero...

Something massively wrong me think...

 

[Absolutely]

Yep I am watching unfortunately.

Would have been nice to have sold at 40c shortly after uranium purchase.

But one of the reasons for buying this share was the low number of shares available and therefore its ability to move quickly so the currently woeful buy side could be completely different tomorrow.

Need to have faith that they have a significant gold resource and will do something useful with the uranium soon.

 

[mobcat]

Well all in all across my species and being my largest specie holding very happy with BYR performance through all this madness shes doing just fine LOL Really as a optimist would always say BYR had the correction factored into the SP thank god we have to look for a positive of no buy depth and i think we have found it bottom draw for this one with 35cents plus on it

What a flogging all the species and the ASX have had of late i cant believe how much $ wise it has wiped off my paper profit it,s huge but as happens they get hit hard and then they come back harder .....harder the better i have got 5 very very very good months to make for after the last week i have sold down a little lately but i have bought more than i have sold across the ASX better the devil you no so myself I'm riding this one out in fact i think i might go on a holiday so i haven't got the temptation to sell good shares at a discount price very hard to watch a share get blown to bits with out helping it it,s madness really isn't it because at the end of the day i think the US will drop there intrest rate tommorow and the Dow will power on and the ASX will follow anyway good luck all i think i have just talked my self into going on a holiday and hopefully when i get back BYR will be 35 (could be a long holiday )

 

[Riles]

Okay Mobcat, was that you that just dropped $50k in one fell swoop and picked up 250,000 at 19 & 20c?

Nice work if you can get it.
BYR has been asleep throughout this turmoil - no sellers and no buyers....till now...

 

[crombo97]

Anyone here still holding BYR and BYRO or is it just me!!!!!!!
When is the next ann due out for BYR??

No movement of late.

 

[mobcat]

Funny timing Crombo we just got a 3b half a hour ago the boys at head office are giving them selfs some oppies for all their great work lately LOL bottom draw with this one and the fingers crossed I hold buckets so any news is good means we are still breathing ATM