AGS - Alliance Resources

[nizar]

I did not look at the market cap

 

[Sean K]

Post 245

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.

Even though the market cap's climbing this is the technical target.

I will buy more on a definate break through.

 

[Fab]

If you only go by market cap you would never buy into stock like PDN

 

[Fab]

Is there any chance we might hear about JORC result at tomorrow AGM or is it likely to be released after that ?

 

[Sean K]

Is there any chance we might hear about JORC result at tomorrow AGM or is it likely to be released after that ?

Company's are supposed to release any market sensitive information to the market as soon as possible so that rumours/insider info etc don't get out. I think. So, I don't think so. They should ann that sort of thing as soon as the info comes to hand and they have time to prep an ann. I think.

 

[Fab]

thanks Kennas that makes sense. Is JORC due in December ?

 

[laurie]

Tell you what you will know the JORC will be out soon when the sp goes ballistic this is not something that can be kept a total secret

cheers laurie

 

[Sean K]

thanks Kennas that makes sense. Is JORC due in December ?

In their last ann they stated that the resource estimate for the 'high grade part of Four Mile West is scheduled for completion later this year'.

I assume when they provide this result that they will give an indication of when estimates for East and South will be produced. If they have done sufficient drilling in those regions.

 

[Fab]

Not much in the announcement today but the share is testing the 1.50 resistance at the moment. It will be interesting to see if it can break it

 

[Sean K]

Not much in the announcement today but the share is testing the 1.50 resistance at the moment. It will be interesting to see if it can break it

I think it will inevitably. What an awesome chart....

I've tried to run some lines along support and resistance points and it all looks good to be charging on. It's hardly taken a step back.

Actually traded at $1.505 so lets hope for a close above the resistance around $1.47 and then another surge.

As I've said before though, market cap getting pretty heady for a minor producer and explorer, although the quality of the explorations projects are without question, fantastic.

One thing that has been overlooked is the M1 and 2 au/cu prospects in Arkaroola. These have great potential to turn into an econmic mine also. Further upside here.

 

[Fab]

I will get excited when it breaks the 1.50 mark with good volume. At what price did you buy Kennas? I bought few weeks ago at 1.16. I am very happy with the result so far.

 

[Sean K]

I will get excited when it breaks the 1.50 mark with good volume. At what price did you buy Kennas? I bought few weeks ago at 1.16. I am very happy with the result so far.

Average about $1.10.

I bought back in at $1.00, $1.25 and $1.33 ish.

 

[Fab]

Trying to break the 1.50 resistance. Hopefully it will finish higher which would be a very good sign.

 

[Sean K]

Trying to break the 1.50 resistance. Hopefully it will finish higher which would be a very good sign.

Finished at $1.58. All time high.

:jump:

 

[Fab]

Yep Kennas,

I am very happy about it too so I am not too sure what is the next resistance from reading few recent post on this forum $1.80 might be the next target. If the JORC result are good god knows how far this one will run.
Maybe we have the next PDN

 

[Sean K]

Yep Kennas,

I am very happy about it too so I am not too sure what is the next resistance from reading few recent post on this forum $1.80 might be the next target. If the JORC result are good god knows how far this one will run.
Maybe we have the next PDN

Technically, as mentioned, from break from the pennant - $1.80, but it's just a probability, maybe 30% chance I think from an analysis I read recently of TA probabilities.

With such a jump, one of a couple of things could happen tomorrow. 1. Traders jump on because it's going blue sky and push the stock exponentially. (and then maybe a sell off in the afternoon) Or, 2. holders will look at this and say, hey, a market cap of around $380 mil is crazy for something that is still 'potential'. Plus, I've just made 50% so I'll take some profits.....

I think Beverley 4 Mile is going to be the next U mine due to the JV and Beverley being just down the road for all the logistic support etc.

I think it will pull back again on profit taking (I may do that again), but will be buying any significant dips between now and the anns by the end of the year.

It could be getting out of the cheap and easy takeover range for anyone like Heathgate now too....At this point an offer of about $2.00 would be required perhaps.

 

[laurie]

I think there is 1 more drilling result to come before the JORC which IMHO will be delayed because they will be too embarrassed by the results so the next leg up will be $1.70 then blue sky

cheers laurie

 

[jemma]

I think there is 1 more drilling result to come before the JORC which IMHO will be delayed because they will be too embarrassed by the results so the next leg up will be $1.70 then blue sky

cheers laurie

Why will they be too embarrassed??? Please explain.

 

[Fab]

Technically, as mentioned, from break from the pennant - $1.80, but it's just a probability, maybe 30% chance I think from an analysis I read recently of TA probabilities.

With such a jump, one of a couple of things could happen tomorrow. 1. Traders jump on because it's going blue sky and push the stock exponentially. (and then maybe a sell off in the afternoon) Or, 2. holders will look at this and say, hey, a market cap of around $380 mil is crazy for something that is still 'potential'. Plus, I've just made 50% so I'll take some profits.....

I think Beverley 4 Mile is going to be the next U mine due to the JV and Beverley being just down the road for all the logistic support etc.

I think it will pull back again on profit taking (I may do that again), but will be buying any significant dips between now and the anns by the end of the year.

It could be getting out of the cheap and easy takeover range for anyone like Heathgate now too....At this point an offer of about $2.00 would be required perhaps.

Kennas,

PDN if you go by its market valuation is way overvalue that hasn't stop it going up for 2 years. Why couldn't AGS do the same ?

 

[laurie]

Why will they be too embarrassed??? Please explain.

Just a comment in jest embarrassed as in having heaps of Uranium maybe more than they thought of : :

cheers laurie