AGS - Alliance Resources

[insider]

or even be accused of insider trading.

Did somebody say INSIDER

 

[Broadside]

Don't know what the fuss is about, people following this stock have been saying what Rann has for some time, anyway it's good to put the stock on a wider radar. Rann really should learn to shut his mouth when talking about public companies.

 

[spooly74]

Big Uranium Discovery Has Market Excited
FN Arena News - April 02 2007

By Rudi Filapek-Vandyck

The reported discovery of a large new uranium deposit in South Australia with alleged potential to rival the country's biggest deposit at Olympic Dam has given uranium stocks in Australia another boost on Monday morning.

The discovery was reported by regional newspaper The Advertiser on Monday. The newspaper quotes South Australian premier Mike Rann as saying "I am told it is uranium of the highest grade and has the potential to be a significant major mine".

The find was made by unlisted Australian explorer Heathgate Resources. Share prices of Heathgate's joint venture partners Adelaide Resources Ltd (ADN) and Alliance Resources Ltd (AGS) rose strongly on Monday morning.

Adelaide Resources' CEO is quoted in the newspaper saying the new discovery could be the biggest uranium find in Australia in 25 years.

About a hour after the bourse opened on Monday morning, Adelaide Resources shares were trading nearly 18% higher at 56c while shares of Alliance were 13.66% higher at $2.33.



http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=AFC91C4B-17A4-1130-F5A099D8013F4A0D

Only the messenger this time :hide:

 

[Sean K]

Mike has definately bought some shares in this. LOL. He's just come out with a press release confirming his support for uranium mining in his back yard. Claims B4B could be a 'major mine by the end of this year'. He's joking isn't he. How can it possibly be a 'major mine' by the end of this year. Surely not. Perhaps if they move all the workers and equipment from Beverley...

 

[Halba]

More ramping:

RANN WILL LOBBY TO CHANGE URANIUM POLICY
Premier Mike Rann has vowed to step up his fight to change national Labor’s ‘no new mines’ policy
on uranium at the ALP National Conference to be held later next month.
Speaking from Chile, where he is touring major mine operations and associated infrastructure, Mr
Rann said he would be lobbying all Conference delegates for a change to the policy, immediately on
his return.
“I have said for years now that national Labor’s 25-year old policy banning new uranium mines is
outdated and illogical.
“Under that policy, Australia’s exports of uranium have trebled, and Australia is today the world’s
second largest uranium producer, so it has not stopped the expansion of the uranium industry.
“The policy is a ban on increasing the number of mines, so it does not prevent the expansion of an
existing uranium mine, such as Olympic Dam which contains about a third of the world’s known
reserves of uranium.
“The expansion of Olympic Dam would see its output of uranium go from 4,000 tonnes to 15,000 per
annum - more than the entire production of Canada, currently the world’s biggest uranium producer.
“Although the policy will not prevent the Olympic Dam expansion, it stands in the way of the further
development of South Australia’s potential.
“In February this year, there were 166 granted Mineral Exploration Licences for uranium and
a further 105 applications for exploration for uranium.
“Our state is recognised internationally for its uranium potential. In 2005-06, uranium exploration
expenditure reached a 25-year high of just over $30 million.
“There are about 60 companies and individuals that hold exploration licences for uranium, including
Heathgate Resources, sxr Uranium1, PepinNini Minerals, Curnamona Energy and Marathon
Resources, to name a few.
“A major development in prospect is the joint venture between Quasar Resources and
Alliance Resources for development of the Beverley 4 Mile project near Heathgate Resource’s
Beverley uranium mine.
“Drilling is taking place to ascertain the size and grade of the resource, with a scoping and prefeasibility
study planned for the next 6 months.
News Release
www.premier.sa.gov.au
For further information contact Paul Flanagan on 8463 3464 or 0422 004 431
“Subject to respective Board approvals the joint venture is planning to submit a mining lease
application for development of a major mine by the end of this year. This means jobs for South
Australians.
“But this mine could not proceed under the no new mines policy. I intend to support the
development of this mine.
“We need to lift this restriction whilst applying the highest safety and environmental standards and
nuclear non-proliferation. That is why I have publicly opposed the Howard government’s push to sell
our uranium to India, which so far refuses to sign up to the Non-Proliferation Treaty.
“We need to recognise the energy needs of the developing world particularly, as we face up to the
reality of climate change and the need to reduce reliance on fossil fuels.
“I am determined to change the irrational no new mines policy for the benefit of South Australia and
the nation”, Mr Rann said.

http://imagesignal.comsec.com.au/asxdata/20070402/pdf/00707953.pdf

 

[Broadside]

Mike has definately bought some shares in this. LOL. He's just come out with a press release confirming his support for uranium mining in his back yard. Claims B4B could be a 'major mine by the end of this year'. He's joking isn't he. How can it possibly be a 'major mine' by the end of this year. Surely not. Perhaps if they move all the workers and equipment from Beverley...

I can see them producing within 2-3 years which is relatively fast cf the other U wannabies - those that actually have an economic resource that is (probably a small minority), I would be amazed if it were 12 months, delighted but amazed...really can't see it happening. I don't think the announcment itself was a ramp from the company, rather they had to release something after the reports in the weekend papers in Adelaide.

 

[laurie]

The JORC will now have to be the combined western and eastern zone results

cheers laurie

 

[Go Nuke]

Nice depth of 3.97Million showing now on Commsec.

Bring on the 8 weeks time!
I like the sound of "well advanced"

With the volume the way it is and the MACD line taking off into positive air, this could be AGS's chance to play catch up with the others like MTN.

I remember reading in the paper in bout Sept last year when I was looking for a stock to enter the share market with. It read something along the lines of "Potenially some of the worlds highest quality U" and I though..ok..that might be a good start

Ann will do great soon

 

[Sean K]

With the volume the way it is and the MACD line taking off into positive air, this could be AGS's chance to play catch up with the others like MTN.

Should check the market caps Nuke. I think MTN is playing catch up to AGS..

 

[Halba]

There has been no change in fundamentals of the stock. Yet the share is up... go nuke.

 

[nizar]

With the volume the way it is and the MACD line taking off into positive air, this could be AGS's chance to play catch up with the others like MTN.

LOL for MTN to reach $600million thats about 10 bucks.

 

[Halba]

If it gets to $600m I'll be a rich boy. But as of now treading water atm relative to AGS. AGS attributable JORC prolly 1/4 of MTN's jorc? LOL LOL

 

[Go Nuke]

Well...maybe i got a little excited.....but..it IS an all time high since about March 97

We have until Thursday i suppose to see when it closes after any profit taking.
And I guessing..its possible that there could be a lot of that.

 

[spooly74]

AGS attributable JORC prolly 1/4 of MTN's jorc? LOL LOL

Might not even be that much but it`s only their first JORC
and the agressive drilling campaign this year will buy them some more.

AGS/Quasar resource will not be fully known for a while.

Seriously though, MTN has an impressive resource of about
32,000 t u3o8 from 45 million t/ore body.
How do MTN plan to mine it?

 

[zed327]

MTN is in a protected reserve and have got one hell of a job to get past all the relevent do gooders to be able to mine.
All the uranium that MTN have ain't worth a cracker if they are not allowed to get it out of the ground where as AGS are already half way there with all this political backing.
AGS will be the first new u mine to start up,no buts about it.

 

[mmmmining]

MTN is in a protected reserve and have got one hell of a job to get past all the relevent do gooders to be able to mine.
All the uranium that MTN have ain't worth a cracker if they are not allowed to get it out of the ground where as AGS are already half way there with all this political backing.
AGS will be the first new u mine to start up,no buts about it.

Show me the document about MTN in a protected reserve, seriously, I want to read it. If you can produce the document, I will send you $1,000 for your service. If you cannot, it would not cost anything.

Let met tell something, MTN is in a Pastoral Zone. Mining is allowed even it is classified as Type A.

Of course, it is tougher to get EIA done. A lot of so-called environmentalist will against it. This is a country ruled by law. They will fail. Nevertheless, it is still better than a project in a banned state.

Because of the mis-understanding of the environmental issue, MTN is serious undervalued, and AGS has very rich valuation even does not have a JORC resource.

People start to understand the process of EIA, etc. MTN has appreciate significantly. As a matter of fact, In sept 2006, both AGS and MTN were about 80c, MTN has out-performed AGS a lot ever since.

 

[insider]

Show me the document about MTN in a protected reserve, seriously, I want to read it. If you can produce the document, I will send you $1,000 for your service. If you cannot, it would not cost anything.

Let met tell something, MTN is in a Pastoral Zone. Mining is allowed even it is classified as Type A.

Of course, it is tougher to get EIA done. A lot of so-called environmentalist will against it. This is a country ruled by law. They will fail. Nevertheless, it is still better than a project in a banned state.

Because of the mis-understanding of the environmental issue, MTN is serious undervalued, and AGS has very rich valuation even does not have a JORC resource.

People start to understand the process of EIA, etc. MTN has appreciate significantly. As a matter of fact, In sept 2006, both AGS and MTN were about 80c, MTN has out-performed AGS a lot ever since.

I've posted in the MTN thread that Mt Gee is a Registered National Estate which means I get some of that $1000 right? These things can be reviewed anyway not to worry

 

[Halba]

AGS also has to go through EIA and is in the same area as MTN. I'm sure the same wildlife etc will be there in AGS and MTN's ground. So whats the difference???

 

[mmmmining]

I've posted in the MTN thread that Mt Gee is a Registered National Estate which means I get some of that $1000 right? These things can be reviewed anyway not to worry

Insider, You just make me sick. I burnt midnight oil to find a few sleeping pills for you just last night. Now try to back-stab me. Good job.

By the way, any land with exploration license issued is not a protected reserve or natural reserve, or national park. A registration on a XYZ list does not prevent it from drilling. It is a fact. It has been drilled not just by MTN, last drilling is around 2000 by GDM.

I am pretty sure it would not be prevented from mining if MTN can pass the tough EIA. Let's wait for the Coffey's scope study.

Sorry for AGS readers. I would not do it again.

 

[insider]

Insider, You just make me sick. I burnt midnight oil to find a few sleeping pills for you just last night. Now try to back-stab me. Good job.

By the way, any land with exploration license issued is not a protected reserve or natural reserve, or national park. A registration on a XYZ list does not prevent it from drilling. It is a fact. It has been drilled not just by MTN, last drilling is around 2000 by GDM.

I am pretty sure it would not be prevented from mining if MTN can pass the tough EIA. Let's wait for the Coffey's scope study.

Sorry for AGS readers. I would not do it again.

Lol... like I said the National Estate register can be reviewed because the initial conservation policy would have been very broad... I don't think the entire Mountain is special only parts of it... But it's good to see we are now on the same page about MTN drilling in the area so obviously there is exception to the company and hopefully it extends to mining...

ANYWAY LET'S DISCUSS MTN IN THE PROPER THREAD AND NOT IN AGS