AGO - Atlas Iron

[adobee]

Question is why did it take off??? No new announcements or change in substansial holdings.. But late to be taking notice off last announcement few days later.. Its normally buy the rumour.. I think this might continue the same up trend till we see next announcement..history has seem some outstanding breakouts once the resistance is broken..

 

[rob]

Question is why did it take off??? No new announcements or change in substansial holdings.. But late to be taking notice off last announcement few days later.. Its normally buy the rumour.. I think this might continue the same up trend till we see next announcement..history has seem some outstanding breakouts once the resistance is broken..

would think it would be because most people would have been busy or on holiday, will see it move up again monday as people are still away.

 

[adobee]

I don't know about that.. Was in trading halt three days before.. Anyone serious would have had there eyes on the announcement.. I can't see 20% + just on drilling results in this market.. Look out for more news next week or some one taking a position..

 

[justiceotp]

Adobee you are probably right but also it was on trading halt over a quiet period and then came back onto the market on a quiet day with reduced trading time and volume on that day (31st) was well up for AGO with 10% gain when most others where quiet, then on New Years day was plenty of newspaper articles about it even made my local small town paper so probably had a few jump on board that hadn't really been following the share anyway. Probably see another nice day on Monday when more return back from holidays and we see some more volume.

 

[adobee]

Looks good... lots of buyers and minimal sellers...
lets hope for a big day... I am expecting some further news this week considering all this action...

 

[adobee]

looking at past break outs i think we could see $2 by the end of today.. sellers are drying up pretty quickly..

 

[justiceotp]

Yes its looking good but as per always you will see people start selling to make a quick buck, a waste when there is so much more potential.

 

[justiceotp]

Look at that now here come the sellers. Sellers have doubled now but the buyers are still very strong 225 buyers vs 41 sellers.

 

[JTLP]

looking at past break outs i think we could see $2 by the end of today.. sellers are drying up pretty quickly..

Adobee that's a pretty bold statement...100% run in a day? AGO has been making some good gains but that's just out of the question

 

[michael_selway]

looking at past break outs i think we could see $2 by the end of today.. sellers are drying up pretty quickly..

Yeah not bad, but does anyone know if AGO has any debt?

Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS -17.9 4.8 28.1 54.6
DPS 0.0 0.0 0.0 0.0

thx

MS

 

[adobee]

Get with the program.. No debt !! 100 mill cold hard cash .. Ore in the boat.. Names on the contracts... Under valued over sold !! G5 player !!

 

[justiceotp]

Yep these guys are in good shape other than the share price taking a dip through all the drama in the IO industry its been business as normal for them. They seem to have have had little drama finding buyers and putting contracts into place.
Ill link it again have a read of this from Hartleys Limited it will probably give you the best quick overview of their current financial situation and business operations.
http://www.atlasiron.com.au/irm/Company/ShowPage.aspx?CPID=1817

 

[adobee]

They just keep pushing and keep the momentum rolling....


7th January 2009
"ATLAS INTERSECTS HIGH GRADE AT PARDOO DSO PROJECT
Atlas Iron Limited (ASX Code: AGO) is pleased to announce the discovery of high grade direct shipping iron ore (DSO) from exploration drilling immediately east of the Alice ore body at its 100% owned Pardoo Iron Ore Project, located 75 kilometres by road from Port Hedland, in the Pilbara of Western Australia. Better results include:
96 metres at 63.3% Fe, 2.61% SiO2, 1.34% Al2O3 and 0.17% P from surface
66 metres at 62.6% Fe, 3.90% SiO2, 0.94% Al2O3 and 0.15% Pfrom 6 metres
56 metres at 61.3% Fe, 4.06% SiO2, 0.96% Al2O3 and 0.20% Pfrom 40metres
44 metres at 64.1% Fe, 1.29% SiO2, 0.66% Al2O3 and 0.19% Pfrom 10metres
28 metres at 64.3% Fe, 2.59% SiO2, 0.35%Al2O3 and 0.11% P from 46metres
26 metres at 64.8% Fe, 1.57% SiO2, 0.68% Al2O3 and 0.17% P from 4 metres

 

[rob]

Yep these guys are in good shape other than the share price taking a dip through all the drama in the IO industry its been business as normal for them. They seem to have have had little drama finding buyers and putting contracts into place.
Ill link it again have a read of this from Hartleys Limited it will probably give you the best quick overview of their current financial situation and business operations.
http://www.atlasiron.com.au/irm/Company/ShowPage.aspx?CPID=1817

Seems to be alot of talk of iron ore returning and china using up their stocks, look at atlas up over 30% today with alot of other companys and hoping more to come with china's stimulas package all looking very promising.

 

[adobee]

Adobee that's a pretty bold statement...100% run in a day? AGO has been making some good gains but that's just out of the question

My bad .. Perhaps by the end of the week.. Once 140- 145 is broken we will see a strong push.. This is still way under value; people are just starting to catch on.. No debt! There is no pressure for atlas to make cheap or dodgy deals to sell there ore.. Plenty of forth coming news in regard to new buyers and resource upgrades.. Only concern here is the economy as a whole.. In my opinion..

 

[samoth25]

Could someone please give an opinion on the relation of these numbers and there importance in making decisions

please be kind ....am newhttps://www.aussiestockforums.com/forums/images/icons/icon7.gif



264 buyers for 2,450,366 units 23 sellers for 108,956 units

 

[justiceotp]

those numbers are just the number of buyers and shares they want to buy in total vs the number of sellers and shares they wanna sell in total.
If there are a lot more buyers than sellers like is the case here with AGO the price pressure is up eg more demand than supply.
Most shares staying steady are equal both sides
And shares going down higher on sellers side than buyers.
Its only an indication as it also depends on how much demand there is towards the price. If for example someone puts a a buy in now of 20 mil shares at 50 cents they wont get them but will stack the buy side up with no effect.
This is extremely stacked on the buy side so the stocks should go up nicely again tomorrow if nothing else changes.

If you are only new to shares read the link below which will give you a bit of an indication of the value of the company by Hartley's remember this was done in December so before the two recent announcements of better iron discoveries which should only increase the value of the company since then.
Also note its only there opinion of the value of the company and not a guarantee.
http://www.atlasiron.com.au/irm/Company/ShowPage.aspx?CPID=1817

 

[justiceotp]

Hey Adobee you might end up right only a few days delayed. I reckon you might see your $2 a share tomorrow, thats if we don't run out of sellers Even the day traders are hanging onto these.

 

[tigerboi]

Re: AGO-massive ramp,howdya getaway with it?

looking at past break outs i think we could see $2 by the end of today.. sellers are drying up pretty quickly..

I want to know how you get away with...

1.1 liner low content post

2.price target

3.massive 1 day 100% ramp

i know if it was me id get an infraction from mod for all of the above
id like to see some decent analysis on AGO as ive got a big interest on the same ground with BMY resources.

by the way the ground AGO has up there was carved up & sold to them by

IGO...who saved the best part for BMY (md's mates deal)

5th...open.1.15,high.1.25,low.1.135,close.1.17

83c off the $2.00 price target,since has closed at $1.50 today,2nd biggest volume in 12 months when on the up...

run very hard so dont think $2.00 is possible atm but im sure you'll do your best...tb

 

[adobee]

Re: AGO-massive ramp,howdya getaway with it?

I want to know how you get away with...

1.1 liner low content post

2.price target

3.massive 1 day 100% ramp

i know if it was me id get an infraction from mod for all of the above
id like to see some decent analysis on AGO as ive got a big interest on the same ground with BMY resources.

by the way the ground AGO has up there was carved up & sold to them by

IGO...who saved the best part for BMY (md's mates deal)

5th...open.1.15,high.1.25,low.1.135,close.1.17

83c off the $2.00 price target,since has closed at $1.50 today,2nd biggest volume in 12 months when on the up...

run very hard so dont think $2.00 is possible atm but im sure you'll do your best...tb

True.. and I appologise for this blatent disregard of the rules... Just got caught up in the excitement of getting back in the green... Yes it is clear you definetly like BMY.. shame about their share price.. I am sure if the land is as good as you say AGO will pick them up ($5-8mill?) I dont think they could go it alone... AGO really has an advantage against many other small to mid miners with no debt and income streams...