AGS - Alliance Resources
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Sean K
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Up 6% will do me for the moment. The sp was heading down the past few days, so this is good. Needs to keep above $1.20 for sustained up move, and this could do it.Fab said:Indeed results are looking good but the share price is not moving much at this stage
Sean K
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Looks like the pennant might follow though with the expected price action. Hopefully!! Target from break up $1.80. (length of pole after the breakout from pattern $1.00 to $1.40ish = .40, break from $1.40 + .40 = $1.80) Not confirmed yet, need to clear $1.40ish.
This might be ambitious, but Beverley just looks like an absolute monty now.
Target from break up $1.80. (length of pole after the breakout from pattern $1.00 to $1.40ish = .40, break from $1.40 + .40 = $1.80) Not confirmed yet, need to clear $1.40ish. This might be ambitious, but Beverley just looks like an absolute monty now.
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Sean K
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You would think so, but who knows? Most commods up, US steady, down day yesterday, so perhaps it'll be all good today.Fab said:
IT WILL take until February for the full implications of the flooding at Cameco's Cigar Lake uranium development in Canada to be known, giving more impetus to the rising uranium price.
Cameco and joint venture partner Cogema Resources previously advised they would be able to update the market with a new development timetable and any effect on reserves in January 2007.
Overnight, however, Cameco said revised capital costs and timelines would be available in February next year.
When news of the flooding broke a month ago, it helped propel the uranium price through the $US60 per pound barrier for the first time in history, putting a rocket under the share price of many junior uranium stocks.
According to consultants, UxC uranium is currently fetching $US62.50/lb.
Cigar Lake was originally due to come online in early 2008 with an annual production of 18 million pounds of uranium.
Cameco and joint venture partner Cogema Resources previously advised they would be able to update the market with a new development timetable and any effect on reserves in January 2007.
Overnight, however, Cameco said revised capital costs and timelines would be available in February next year.
When news of the flooding broke a month ago, it helped propel the uranium price through the $US60 per pound barrier for the first time in history, putting a rocket under the share price of many junior uranium stocks.
According to consultants, UxC uranium is currently fetching $US62.50/lb.
Cigar Lake was originally due to come online in early 2008 with an annual production of 18 million pounds of uranium.
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I would think that one reason AGS is not running as hard as it could, is simply the "three mine policy" .... many supposedly sophisticated investors are still posting questions on this and other forums, regarding the status of Beverly and AGS's holdings, and whether it can be mined. I have seen posts that indicate that there is a belief that the three mine policy would have to be changed before the Beverly/AGS project could go ahead.
If informed posters to this and other forums are still doubtful, just think what the ma and pa investors are thinking ...
Mind you as I write this AGS is approaching all time high .... cool
Cheers ... Dave
If informed posters to this and other forums are still doubtful, just think what the ma and pa investors are thinking ...
Mind you as I write this AGS is approaching all time high .... cool
Cheers ... Dave
AGS hasn't taken as much of a hit recently, unlike PDN and SMM, so the recent action for these 2 are probably a combination of a bounce-back and renewed public interest in U stocks. AGS still has, IMO, a lot of public "wow" factor, or x-factor...call it what you like...and as such keep the SP stable, without large retraces after overbuying.
Just the opinion of a very fresh newbie...but AGS will have its day soon (and many of them).
Just the opinion of a very fresh newbie...but AGS will have its day soon (and many of them).
Brissydave said:
3 mine policy doesnt affect AGS.
Beverly 4 is not a "new" mine as such but an extension of Beverly which is an existing mine.
Thats what all the fuss is about and thats why AGS is like up 6-fold since the beginning of the year 24c.
Dont tell me it hasnt been running hard.
Sean K
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LOL. I initially bought AGS at $0.15 last year. Bought and sold a few times since, but holy goat batman, what more do you want!Fab said:
Yep you are right . I almost bought a stack at 0.40 when a friend of mine advise me that this one was going to run very hard. I got in recently at 1.16 and I am very happy so far in the way it is going . I probably wrote my post a bit early in the day as now it is running very strongly and I am hoping it will continue tomorrow with the AGMkennas said:
Sean K
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Good luck Fab. AGM could be interesting, but I think they've kept the market pretty well informed of what's going on. Perhaps the tine of their comments on Beverley 4 will give a clue to where it's going. They may also give hints to possible future arrangements with the operation of the mine with Quasar.Fab said:
At this stage, I am cognisant that the sp has run very hard, even though I was happy to pick some more up at $1.33 a few days ago. The market cap is getting to the point that it's factoring in a LOT of upside at Beverley. Hopefully the JORC estimate warrants this!
