AGS - Alliance Resources

[Sean K]

Halba, probably need to check the size of the tenaments to make a call on this. 25% of Arkaroola might be bigger that the Mt Gee area. Not sure, but that's a consideration....Would be interesing to know because I've come to understand the region is pretty hot and there's potential for further significant discoveries.

I've checked the maps and it seems Arkaroola is considerably larger than Mt Gee. That doesn't mean much I suppose, as it all depends on what's inside the tennaments that counts. So, perhaps what we are discussing is pointless.

Check the tennament area here:

http://www.allianceresources.com.au...n RIU Explorers Conference Fremantle Comp.pdf

if you can.

 

[Sean K]

kennas - its a 75% farm in into AGS tenement.

AGS only retains 25% of whatever is on that land.

I suppose my point, which has been lost, is that if Arkaroola is 10 times the size on Mt Gee, as a tennament, then the 25% AGS own is larger than MTNs tennament area. As I say above though, depends on what's in there, so talking about tennament size is a moot point really.

 

[mmmmining]

Mt Gee is the mother of all uraniums around the area, Beverley, B4M, Honeymoon. MTN's tenement is completed surrounded by AGS.

To be honest with you, I had serious look at AGS when it is at 80s. But I decided to add more position with some other stocks. It is an break-even decision because AGS's performance is in line with the whole uranium sector. I don't need to talk down AGS because I don't owned it. Just a couple of facts:

1 AGS's uranium deposit is very high quality, so it is commanding very high premium.

2. The tenement has huge potential. Every bit of uranium washed away from Mt Gee has to pass its tenement.

3. Quasar Resources is the operator. So AGS has no say on the progress, except the farm-out agreement. The delay of JORC resource is a good example. When they are going to mine the site is controlled by Quasar, not AGS.

4. But there are a lot of rooms for imagination. Such as takeover, etc.

 

[laurie]

Or acquisitions..........who's to say it has not something lined up

cheers laurie

 

[spooly74]

MTN's tenement is completed surrounded by AGS.

Almost ..... MTN have an escape route to the south

 

[Halba]

That is one slick image!

 

[Go Nuke]

Yeah very nice map.
I actually started googling it...lol..then just scrolled down.

Well..they certainly have everything covered alright.

smart move really

 

[zed327]

Had no idea how much promising land they hold until i saw that map.
I can just feel the piggy bank getting fatter soon.

 

[Sean K]

Potentially going to break this resistance at $1.85 ish shortly.

I sold after it broke down through the H&S but it seems to be recovering.....along with a few other U players admittedly.

This is going ok on the chart.

 

[ezyTrader]

Hi kennas,
What does the TA say, of the possible upward move, if it resisted the H&S pattern ? (as it's looking to be back on track re:uptrend) Would it be the reverse of the H&S pattern? 270-280 do you think, from the neckline?

 

[zed327]

Pulled this of nine msn.
Edited version below or read the full story http://news.ninemsn.com.au/article.aspx?id=61801


Queensland Premier Peter Beattie has signalled his support for an end to the policy after commissioning research which showed uranium mining would not hurt his state's multi-billion-dollar coal industry.

Mr Beattie urged those angry over any perceived backflip by him on the issue not to get their "knickers in a knot", arguing the ALP national conference motion could give Queensland the flexibility not to go ahead with uranium mines.

"If, indeed, there is a position that says nationally that we will mine uranium then we will mine uranium," he told reporters.

"If, however, the national resolution gives discretion, then we will not, we will stick to the existing policy (of no uranium mines)."

Queensland is estimated to have up to $3.2 billion in uranium deposits.

Mr Rudd said the national conference resolution would give states the power to refuse to have mines.

"The role of the national government is to clear the way when it comes to export licences for uranium and that's the matter that we'll be discussing at conference," he said.

"On the question of local land use decision making for the entire resource industry, including the uranium industry, that remains a province of the states, be it Western Australia, Queensland or anywhere else."


If the 3 mines policy is turfed out this would make AGS a dead certainty and Queensland hopefulls very shakey.
AGS - Quaser will mine sooner than most think.

 

[Halba]

zed327: AGS - Quaser will mine sooner than most think.

has to go through a full feasibility, approvals, construction. it is not coming out overnight so lets not get ahead of ourselves here. Information is scant as AGS do not control the operations.

 

[zed327]

So do all the others but do they have as much government support as AGS?

Mine approval in the next 12 months - not to many are going to get that.


"The South Australian Mines Minister, Mr Paul Holloway, spoke at the [Paydirt] conference and re-iterated the South Australian Government’s support for uranium exploration and mining in South Australia. He is reported as saying that two more South Australian uranium mines were up for approval in the next 12 months – these were Curnamona Energy’s Oban project and Quasar-Alliance’s Beverley Four Mile project (Australian Financial Review, 23 March 2007)."

Unlike many pretenders AGS is the real deal.
Heathgate is doing an awful lot of good work behind the scenes, that many do not recognise.

 

[mmmmining]

S
Unlike many pretenders AGS is the real deal.

Tell the true, I am CEO of AGS. I cannot tell you, my loyal shareholder, even all approvals from all governmental agencies are obtained, I still cannot tell you whether we are going to mining it, or to the less extend, when?

Why? We only own 25% of that, and not an operator. I apology for short-sighted. I should never farm-out the tenement. Have a nice day, and thank you for your support.

 

[laurie]

Had a friend in S.A.ring me, telling me the S.A. Premier was reported talking of a significant uranium find in S.A. if its AGS it will blast off to the moon or he could be referring to GIR or CUY

cheers laurie

ps it could also be an April fools trick also

 

[Mousie]

Tell the true, I am CEO of AGS. I cannot tell you, my loyal shareholder, even all approvals from all governmental agencies are obtained, I still cannot tell you whether we are going to mining it, or to the less extend, when?

Why? We only own 25% of that, and not an operator. I apology for short-sighted. I should never farm-out the tenement. Have a nice day, and thank you for your support.

Considering this was posted 3 mins before midnight, mmmmining was having his last April Fool's joke for the year surely

 

[Damuzzdu]

S.A. Premier, Mike Rann was on local TV last night talking about a :

"Major new U discovery"

Spent hrs searching over the net and this was posted early today.

http://www.news.com.au/adelaidenow/story/0,22606,21486980-910,00.html

I think there is little doubt that it is AGS ground at B4M.

Cheers

 

[Fab]

I suppose this is a bit of a giveaway that it is about AGS's discovery.
"Quasar Resources managing director Geoff McConachy said last night that a formal announcement would be made today by the company's joint venture partner, Alliance Resource"

 

[Sean K]

S.A. Premier, Mike Rann was on local TV last night talking about a :

"Major new U discovery"

Spent hrs searching over the net and this was posted early today.

http://www.news.com.au/adelaidenow/story/0,22606,21486980-910,00.html

I think there is little doubt that it is AGS ground at B4M.

Cheers

Thanks Dam, Worth putting in the first couple of paras on this:

Massive deposit to rival Roxby Downs
NICK HENDERSON, ANTO FAGASTA, CHILE, MICHAEL OWEN
April 02, 2007 02:15am

THE discovery of a "massive" new South Australian uranium deposit could be the country's biggest such find in a quarter of a century.

Prospectors hoping to mine the site, near the existing Beverley mine in the state's Far North, today will detail the discovery and inform the Stock Exchange.

There's not much new information in the article really, but preempting an announcement like this.... how do company's get away with it? I suppose if it's before the open it won't matter..

 

[Halba]

Huh? B4M is not a new discovery? Am i missing something or are they rehashing the b4m ann? Sounds like an april fools. How is the premier expected to know drill results before the public?