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AGS - Alliance Resources

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Freeballing my response was not having a crack at Paladin it was to the comment that AGS hasn't turned a profit, some companies are much closer to production than others and I used PDN as a classic case, being on the cusp of production. There are some U wannabees who haven't even discovered a resource who are being priced at ridiculous levels. I see AGS as being producer within 2-3 years.
 


When is JORC due to be released ? Looks like it is trying to consolidate around $1.25
 
Fab said:
When is JORC due to be released ? Looks like it is trying to consolidate around $1.25
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"later this year" by Quasar.

I'm going to call them in the next few days and see if they can give me an a better idea.
 
everyone has forgotten that PDN has nearly hedged 1/3 of its production in the first contracts so its not exactly going to gain big on its initial production
 
It means that unlike Croesus Gold they won't be in receivership before they start to get something out of the ground, not that I believe PDN could suffer this fate, I just have a cross to bear regards Croesus.
 
This stock keeps on surprising me. After a big rise it still holds very well in a pretty depress resources market today
 
Halba said:
everyone has forgotten that PDN has nearly hedged 1/3 of its production in the first contracts so its not exactly going to gain big on its initial production
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There seems to be some confusion about this.
One article last week stated 25% had been hedged. On the weekend the fin review said "less than 50%" and now Halba reckons 1/3.

I have checked the announcements and while production has agreed to be sold via contracts, NO PRICE WAS LOCKED IN. Production has been forward sold, yes, but the price will be set at time of delivery.

2,450,000lb was sold to a major US utility:
http://www.paladinresources.com.au/...naugural_Yellowcake_Sales Contract_for_LH.pdf

2,080,000lb is to be sold to another US utility:
http://www.paladinresources.com.au/..._yellowcake_sales_contract secured for LH.pdf

Again, the price will be determined at time of delivery. This is clearly stated in both announcements.

I suggest every1 does their own due diligence before choosing where to invest their hard earned.

And all this negative publicity wouldnt be doing paladin any favours.

As to your comment, i think PDN will gain MASSIVELY on first production. It willl be their first earnings, and nobody knows how high the uranium price will be by then. The masses are only starting to catch on. LH is the first new uranium mine in production in the last 25 years. PDN is a winner.
 
up we go again AGS is now in the green. I like it. Not sure so why it is keeping this strong momentum
 
$1.25 proving to be good short term support for AGS.

Come on Quasar, where's that JORC! I think we have to wait till Dec guys. In the mean time lets hope the overall market holds up ok.
 

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It has consolidated really well. Better than expected. Looks on the way up again to me.
 
Bit of an off day today, along with everything else just about. Took a stumble to $1.25 and quickly found buying support. Days are ticking down to the Quasar JORC on Beverley 4 Mile. Could be a company maker for them this result. Or, could wreck them. We're all assuming it's going to be a large high quality resource, but there's still risk. Expectations might be too high? I hope not.

Formed a bit of a pennant, in an uptrend. Positive.
 

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I am assuming ags should go back up on monday the same as SMM and pdn as the uranium spot price went up over night. Is that a fair assumption ?
 
Possible. SMMs move was very encouraging and might flow through to others. I'm waiting to make sure this holds above $1.20. I think a break down from that might be short term negative. Looks like it's sliding that way atm. Might get out in the short term if it does that. A break above $1.38/40 would be very, very good.
 
Ann out. Further high grade results from Beverley 4. JORC out on the 'high grade' area of the deposit by the end of the year. Must be still on schedule. Good news.

For Maltese Bulls info. Check the thread before you claim I have picked this after it has run.
 
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