AGS - Alliance Resources
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bigdog
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AGS zooming first up today
AGS $2.10 +$0.19 +9.95% 03-Jan 10:02:44 AM
Upwards and upwards
AGS $2.20 +0.290 +15.18% 03-Jan 10:07:31 AM
AGS $2.10 +$0.19 +9.95% 03-Jan 10:02:44 AM
Upwards and upwards
AGS $2.20 +0.290 +15.18% 03-Jan 10:07:31 AM
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Also got a mention on skynews onlinelaurie said:
http://www.skynews.com.au/business/story.asp?id=147512
cheers
Sean K
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That gap up a few days ago has proved to be good support. I haven't been able to find any great detailed information on gap ups and their significance, or whether they then turn into support and resistance lines, and where they should then be. Anyone else have a better understanding on this?
The only info I can relate to it is that the move was either a breakaway or continuation gap:
A continuation gap forms in the middle of a move and in the same direction as the current move. These gaps signal a continuation of the preceding trend and can mark good entry points. After a short or intermediate advance, a continuation up gap is usually considered bullish and signals a renewal of the uptrend.
A Breakaway gaps signal a potential change in trend and are especially significant when accompanied by an increase in volume. A bullish breakaway gap forms when a security gaps up after an extended decline. Bullish breakaway gaps can also occur after an extended base or consolidation period.
The only info I can relate to it is that the move was either a breakaway or continuation gap:
A continuation gap forms in the middle of a move and in the same direction as the current move. These gaps signal a continuation of the preceding trend and can mark good entry points. After a short or intermediate advance, a continuation up gap is usually considered bullish and signals a renewal of the uptrend.
A Breakaway gaps signal a potential change in trend and are especially significant when accompanied by an increase in volume. A bullish breakaway gap forms when a security gaps up after an extended decline. Bullish breakaway gaps can also occur after an extended base or consolidation period.
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Sean K
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I recently sold half. Free carried now, so happy to wait.tmallie said:
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i jumped from this when it was $1.85 thinking its EV was too high (then about $23/U lb i think)... now its about $30.... which raises a question
currently U is US$72/lb ... if this goes to the average for the next 3 years of US$90/lb as many are estimating does that mean EVs should increase by an equivalent amount?? (assuming costs don't change)
taking AGS, and assuming it is priced based on current US$72/lb level (this is a big assumption), an US$18/lb increase in U price (A$23), would equate to an EV of say A$50 => AGS SP of $3.50.... mmm I like that! might have to jump back in!
problem with this analysis is of course how much of the expected increase in U price has already been factored in...
food for thought
currently U is US$72/lb ... if this goes to the average for the next 3 years of US$90/lb as many are estimating does that mean EVs should increase by an equivalent amount?? (assuming costs don't change)
taking AGS, and assuming it is priced based on current US$72/lb level (this is a big assumption), an US$18/lb increase in U price (A$23), would equate to an EV of say A$50 => AGS SP of $3.50.... mmm I like that! might have to jump back in!
problem with this analysis is of course how much of the expected increase in U price has already been factored in...
food for thought
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No JORC resources for AGS. But the EV/lb is not the only valuation method. Maybe people are hope AGS can find a lot uranium through the 25% assets in SA.56gsa said:
Definately not selling this one.Will be the first new mine to kick of and the upside is huge if the MD is correct about the 4 mile deposit being world class.One look at the chart will a nice little consolidation that is getting closer to breaking out. 
