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AGS - Alliance Resources

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laurie said:
Cigar Lake will hold the future for AGS and for ERA/BHP/PDN if news is bad on mine startup if ever :2twocents

cheers laurie
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Hi Laurie, I just can't help observing that everyone is assuming Cigar Lake is going to be bad news for Cogema. What if it's good? What effect will that have on these stocks.

Personally, I have absolutely no real idea on which way it will go, other than what people here on ASF are saying, and everyone is just assuming it's going to be out for the year they said, or worse....

I doubt it will effect BHP anyway, while the POU has ran BHP has gone down, seems to be an inverse correlation there.

If people are right however, and the Cigar Lake situation is worse than expected, then sure, U stocks will have a boost. If.
 
kennas said:
Hi Laurie, I just can't help observing that everyone is assuming Cigar Lake is going to be bad news for Cogema. What if it's good? What effect will that have on these stocks.

Personally, I have absolutely no real idea on which way it will go, other than what people here on ASF are saying, and everyone is just assuming it's going to be out for the year they said, or worse....

I doubt it will effect BHP anyway, while the POU has ran BHP has gone down, seems to be an inverse correlation there.

If people are right however, and the Cigar Lake situation is worse than expected, then sure, U stocks will have a boost. If.
Click to expand...
And maybe it's going to be bad...and good for Aussie U.

Cameco Tries to Respond To Speculation, Share Price Fall
FN Arena News - January 23 2007

By Rudi Filapek-Vandyck

World number one uranium producer Cameco saw its shares tumble more than 5% on the Toronto Stock Exchange as investors, and investor chat rooms in particular, were frenetically debating the severity of the problems at the company's Cigar Lake project.

As debates heated up, Cameco spokesperson Lyle Krahn sought to allay fears of Cameco having to abandon the project by talking to Bloomberg who quoted him as "speculation that the mine's development would be delayed indefinitely is "absolutely untrue"."

Cameco's intention is to update the market on Cigar Lake by the end of January while Krahn has flagged another media release between now and February 6-7 when the company is scheduled to inform investors about its December quarter performance as well as its operations.

Cameco has thus far stuck to its official line that production at Cigar Lake, expected to produce circa 10% of future annual market supply, is likely to be deferred by one year. Several experts and market watchers believe this is too optimistic though. Deutsche Bank analysts calculated recently that the market has already priced in a delay of two years in the U3O8 (uranium oxide) spot market.

Spot uranium has remained at US$72/lb so far in 2007. This is double the US$35/lb at the start of 2006.
 
I think we are forgetting the fact that the U spot price was rising rapidly well before the Cameco incident. Sure this gave it another big kick put even if its back on line shortly I predict U prices to continue north even if there is a small correction after the announcement. My 2 bobs!
 
kennas said:
If.
Click to expand...

I was careful in choosing my words you have to consider both scenarios on what will happen regarding news but as noobs said the price was on an uptrend EVEN though the USA released U308 onto the market :2twocents

cheers laurie
 
I guess US government is very smart, buying uranium from Russia at $10sh/lb since 2000?, and may sell it at $70sh, $80sh in August. Former communist Russia do learn a lesson from the true blue capitalist.

China is not far behind, holding a bunch of renewable IOU, and trapped.
 
laurie said:
I was careful in choosing my words you have to consider both scenarios on what will happen regarding news but as noobs said the price was on an uptrend EVEN though the USA released U308 onto the market :2twocents

cheers laurie
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Sorry Laurie, didn't want that to sound like I was correcting you in any way, you're one of the most objective posters out there, if not the most! It's been hard to be objective on AGS after watching it run as we have! :D Can't believe I kept selling half, half, half, instead of buying double, double, double! I'd be flying to Mexico tomorrow in my own jet! :(
 
kennas said:
I'd be flying to Mexico tomorrow in my own jet! :(
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Having a nice trip to Mexico. You should try some liquor with kind of worm in the bottle there (I forget the liquor's name). Some people said it will keep things up. We will keep eyes on your uranium stocks.
 
A quick look at the chart suggests that a upward break-out is on the cards tommorrow. Buyers came in fairly strong at the finish. Looking forward to tommorrow mornings open to see if the volumes keep building. :)
 
zed327 said:
A quick look at the chart suggests that a upward break-out is on the cards tommorrow. Buyers came in fairly strong at the finish. Looking forward to tommorrow mornings open to see if the volumes keep building. :)
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This one is amazing I already double my money in I think around 2 months since I bought @$ 1.16
 
This stock has been quiet until the last two days...........or coincidently when I asked about the JORC report...... :)

Must of heard me asking the question......????
 
zed327 said:
A quick look at the chart suggests that a upward break-out is on the cards tommorrow. Buyers came in fairly strong at the finish. Looking forward to tommorrow mornings open to see if the volumes keep building. :)
Click to expand...

Hope it was as good for you as it was for me :) New 52 week high reached today, hopefully next week can be as successful.
 
AGS ASX ANN today
30-01-2007 09:32 AM AGS Second Quarter Activities & Cashflow Report
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00688229


HIGHLIGHTS
Arkaroola Joint Venture (Uranium-Copper-Gold)
The mineral resource estimates for the higher-grade part of Four Mile West Uranium Prospect are in progress and are now scheduled for completion early in 2007.
Further high-grade uranium-equivalent responses from Four Mile include:
8.5 metres grading 0.679% pU3O8
1.5 metres grading 2.58% pU3O8
8.5 metres grading 0.420% pU3O8

Note: pU3O8 refers to the U3O8 grade estimated from PFN logging.

Maldon Project (Gold)
Maldon underground decline development advanced 245 metres during the quarter.
Construction of a water management dam commenced.

Warrina Project (Copper-Gold)
Alliance receives PACE funding to drill the Big NW target.
Drilling of pre-collar commenced at Big NW target.

East Frome Project (Base Metals)
Alliance has applied for a mineral exploration licence near Broken Hill, New South Wales.

Corporate
Post 30th September 2006, the Company announced the allotment and issue of 11,559,677 ordinary fully paid shares pursuant to its 1:18 non-renounceable entitlement issue prospectus dated 19 September 2006. The issue raised $7.74 million before costs.

Post 30th September 2006, Alliance has agreed to divest its 39.76% shareholding in unlisted Encore Metals NL (Encore) to Intec Ltd (ASX Code: INL) for a consideration is 7,952,200 Intec shares (valued at $954,264) and the right to purchase a further 7,952,200 shares at a price of 18 cents per share upon the earlier of 23 October 2008 or a decision by Intec to commence commercial treatment of the Zeehan Slags.

Cash balance at 31 December 2006 is $10.5 million.
 
Quartely Report just out with more drilling results. Interesting to see market reaction this morning as it looks like Four Mile East & South are going to be almost as good as the North. Still waiting on the JORC but hey I think this one is almost in the bag - Just a matter of time.
 
Bullion said:
Taking a hiding so far today, anyone have any idea why?
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Buy the rumour and sell the fact IMO. I saw a research note from Lonsec saying the upside wasn't actually in Beverley 4 Mile results (although again, very good) but in the tennaments around the area with the potential to hold a significant IOCGU deposit similar to OD. This was described as a potential 'company maker' in themselves.
 
YOUNG_TRADER said:
Oiiiii Kenna aren't you supposed to be on holiday!!!!!!!!!!!!!

Get off the computer and on that mexican tequila! ;)
Click to expand...
Yo!!!!!!!!!

Yes, already topped a few of those.

Spent the day in some traditional village looking at poor people sacrificing chickens. I wish Chicken was there! :)

On the red tonight. Surprisingly good.

All the best!!!
 

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