ANL - Amani Gold

[Riles]

Won't be too long now till we get the results of their follow up drilling at the Mansounia gold project.
According to their last quarterly activities report:

"In the quarter ended 30 June 2007, Burey completed designing and preparation for a follow up
program. By quarter end, clearing, preparation of access roads, levelling and drill pads had all
been completed. Burey’s follow up programme will comprise RC and oriented DD drilling
(approximately 81 holes for a total of 6,400 metres), sampling and metallurgical test work
over the identified area of oxide mineralization, with surface mapping followed up by RAB or
RC drilling over wider zones in the project area to expand the inventory of known zones of
mineralization. The longer term objective remains the preparation of a bankable feasibility
study for the development of a commercial heap leach operation."

"Drilling commenced after the quarter end, around 20 July and is expected to be completed by
end August, with analysis and interpretation of results thereafter."

 

[pkj24]

I still hold

Should have got out a while ago me-thinks

Could be one for the bottom drawer. I still see the positives and the uranium acquisition may be good long-term. I know I'll be keeping my fingers crossed!

 

[Who Dares Wins]

Is this company still functioning?

Often when you call the office the phone is unanswered.
When they do answer there is often nobody available to speak with you.
When they can speak with you they wont tell you anything.

When I look at the volume chart it makes me think they are in a trading halt.

 

[papatee]

Some largish buys coming from off-screen late in the afternoon. Has anyone heard any news on Burey which might account for the renewed interest? Might the expected update re the Mansounia gold project be on its way?

 

[ta2693]

I'm working on an update, but conservatively heres what I see so far,

Top Section Only
2000m Long x 600m Wide x 15m Deep = 18M cubic metres ore,

As we have assumed 1 Cubic Metre Ore Containg Gold = 2T's ore

So 18M x 2 = 36Mt's at avg grade 0.8g/t Au (I think thats safe to say)

36Mt's@ 0.8 g/tAu = 28.8M Grams Gold and since 28grams = 1oz = 1moz's Au

So 1M oz's Au at cash margin of say $150 oz = $150m

Less say $10m start up costs = $140m
@ 70% but I'm pretty sure the can go higher ie free carry the other party = $98m

With current 45m shares on issue = $2 a share

More detail to follow

What is going on? Is the calculation still applicable?
BYR is only 15c now. Is it 36mt gold earth gone?

 

[YOUNG_TRADER]

What is going on? Is the calculation still applicable?
BYR is only 15c now. Is it 36mt gold earth gone?

Ta,

If you were following BYR you'd see that on the 16th of June I made the post below, clearly stating that while I thought the company had good prospects and potential, management was crap and would do nothing (and I've been proven correct)

Moreover I stated I would sell everything I had into strength the first chance I got, that was on the 16th of June, 4 days later on the 22nd of June the company came out of its trading halt and went to an all time high of 40c, so everyone had a chance to sell out that day as I did at levels at or above their purchase price, (I woke up very late that day and still maanged to from memory)

So I guess what I'm trying to say is, I made it pretty clear back then that I had no faith in the management and would sell every share I had and did exactly that, everyone else had the exact same chance as me (if not better as I woke up late) to exit without a loss, in fact given we got 1:2 free options which where worth 10c-15c that day. most should have made a small profit

So while the company may be sitting on huge amounts of gold, they will do nothing about it,


Cheers

Guys I must apologise, while I think BYR has a great Gold asset thats worth 20c and a U spin off asset that should have added another 20c, the truth is the management is absolutely ****e,

There is no excuse for this, absolutley none,

They have been late every single time with every single announcement, they lie and give false dates when you call them, ie this week at the latest, or everythings in order etc

Clearly management are not interested in adding proper shareholder value, just earning their director fees,

While I still think they may pull off a u-float I will look to selling everything into strength next chance I get,


Why bother with a company like this, when I can pick up the phone and chat to FWL managment for 40minutes and see how hard they are working to create value, was the same with YML

From now on management will be in my top 3 when assessing a company along with the actual projects and the shareholder base/top 20/support

Very very very dissapointed to say the least

 

[Who Dares Wins]

Hey this stock had risen about 40% in the last 10 days or so, it can't all be attributed to the rise in POG. Any ideas what could be driving it? Has anyone heard anything?

 

[Who Dares Wins]

Over the last few weeks I have sold off my last few BYR shares during times of brief strength.

I did this because I have no confidence in the company management.

I have phoned and left messages - no return call, and I have emailed them a few times and never had a reply.

I have not been able to get any communicative response from BYR since april/may 2007, other than speaking to the girl who answers the phone.

I will not invest in any company in the future that have any of the BYR management on the board.

WDW

 

[crombo97]

Heads are down 28% today to .10
What a shame....so much gold and no brains
I still hold but im not holding my breath

 

[psychic]

Bumping thread as there seems to be some action on BYR. The share price has risen from 0.06 cents to 2 cents today. Looking bullish, must be the gold I suspect thats got some people excited.

Very tight register for sure

 

[happytown]

burey gold has announced a maiden gold resource at their mansounia project in guinea

...

independent Indicated and Inferred Mineral Resource estimate of 1.08 million ounces of gold at a 0.2g/t Au cut off

...

The modelled gold mineralisation extends to within 2km of an operating CIL gold plant

...

The overall magnitude and grade of the mineralisation suggests that the project has reasonable prospects for eventual economic extraction should a low cost treatment process be availed

...

The potentially low cost of mining would be a positive factor for the development of the MGD, however, considerable work is required to properly assess project capital requirements and fixed operating costs

...

Scope remains to add further tonnes at an improved grade to the south of the current drilled limits and the Company’s immediate focus remains on adding to the resource base

...

sp remains completely unchanged with insignificant volume

cheers

 

[Sean K]

burey gold has announced a maiden gold resource at their mansounia project in guinea

sp remains completely unchanged with insignificant volume

cheers

0.2g/t huh? what is it, tailings from a phosphate mine?

And now PRU taking almost a 20% stake.

Why I don't really know.

This is really bothering me at the moment.

Exploration companies investing and buying into other exploration companies when they need to be fast tracking to cash generation.

Troubling.

 

[Trader Paul]

Hi folks,

BYR ..... expecting news out of this camp,soon ... it has been ticking up
nicely this week, but no news, so far ... maybe Tuesday, next week (???)

happy new year all

paul



=====

 

[benwex]

Hello BYR holders,

Have not really followed this stock but I have watched its monumental cash in the last few months. Am trying to get an understanding on why the market has savaged this stock and hopefully there are lessons for me to learn..

Welcome all views and hope there is a variety of comments..

benwex

 

[papatee]

Hello BYR holders,

Have not really followed this stock but I have watched its monumental cash in the last few months. Am trying to get an understanding on why the market has savaged this stock and hopefully there are lessons for me to learn..

Welcome all views and hope there is a variety of comments..

benwex

Haven't followed this stock closely for some time now so not sure of fundamentals behind the most recent surge and slump, however I have to say I'm not particularly surprised as this stock and others under same management have followed similar rides in the past with inflated expectations not being delivered upon - take a look at CAV, CTS (now delisted) for example. For me that means caution for any stocks they have a hand in. Of course this is just IMHO, and you may wish to do some research into management figures and their other ventures to draw your own conclusions.

 

[tomtom33]

Still no news but it keeps making steady gains.

 

[springhill]

Burey have announced a 56% resource increase at Mansounia.
http://www.asx.com.au/asxpdf/20120621/pdf/426ywkc8szv2r0.pdf

Highlights
● Significant upgrade to Indicated and Inferred Mineral Resources at the Mansounia Gold Deposit (“MGD”) in Guinea, West Africa, to 52 million tonnes at 0.8g/t gold for 1,294,000 ounces of gold, using a 0.4g/t gold cut-off (Table A). This is an increase of approximately 56% on the previous estimate of 36.5 million tonnes at 0.7g/t gold for 829,700 ounces, using a 0.4g/t Au gold cut-off as reported to ASX in May 2009.
● The majority of the resource is hosted in near surface relatively soft saprolite (clay rich) material.
● The latest drilling has identified numerous primary lode units where the gold grade is generally higher than for the saprolite material.
● The resource remains open in a number of directions and potential exists to increase the resource defined in the project area.
● This substantial increase in mineral resources provides further encouragement for a development proposal for the MGD, which is presently the subject of an independent review to appraise development options.

354m shares with $7m cash available.

 

[springhill]

Burey identifies Significant Gold in Soil Anomalies at Kossanke
Drilling Commenced

Burey announce the completion of the first pass soil sampling program at its Kossanke project in Guinea, West Africa.

The results highlight:
●locations with elevated gold tenor occur in the form of relatively narrow belts (ranging generally from 100 - 300m across but with some appearing up to a kilometre or so across);

●many such belts of elevated gold tenor are seen to persist in strike for considerable lengths, with the anomaly the subject of the current first pass drilling being up to 6km in length (refer Figure 1); and

●the general district gold-in-soil background level for permit area is <2ppb Au.

 

[System]

On December 30th, 2016, Burey Gold Limited (BYR) changed its name and ASX code to Amani Gold Limited (ANL).

 

[greggles]

Interesting price action on ANL today. The company closed at 1.4c yesterday and opened at 2c this morning. Not a bad open on no news. Volume was above average. Then at around midday the company went into a trading halt until next Tuesday, February 20, requested by the company on the basis that it intended to make an announcement to ASX regarding exploration results. By this time the share price was 2.2c, 57% up on yesterday's close. A curious coincidence indeed.

If I were a betting man, I would bet that the announcement due early next week is going to be a good one.