AGS - Alliance Resources
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doctorj
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imajica said:
Do you offer money back guarantees?
article in the Australian
Yellowcake frenzy a mark of global hunger
You just can't get enough exposure to uranium, Robin Bromby writes
--------------------------------------------------------------------------------
August 07, 2006
FEDERAL Labor's plan to scrap its three-mines uranium policy seems to have unleashed a new round of yellowcake frenzy.
And not just here.
Perth brokers have been approached by a large Hong Kong sharebroking firm looking to organise a $100 million float on the Hong Kong exchange.
The plan is to acquire uranium projects in Australia and elsewhere and, through a Hong Kong listing, afford Chinese investors exposure to uranium.
Back home, more initial public offerings are under way, one involving a director who ran foul of the Australian Securities and Investments Commission last year.
ASIC obtained a permanent injunction against David Zohar and his company, Swancove Enterprises, from operating an unlicensed financial services business after allegations of their involvement in spruiking shares in Red River Resources, Corella Oil and Australian Biogen. Swancove had used a bulk mailing company to send unsolicited letters to more than 55,000 people offering shares in these companies.
Mr Zohar is running an $8 million IPO by Uranium Oil & Gas. He has been involved in many floats, starting with Fortuna Gold in 1987 and several since, including Greenstone Resources (now Red 5) and Red River. UOG's portfolio includes the Bungalow Well uranium target, 130km from BHP Billiton's Yeelirrie deposit, and uranium and oil projects in the Northern Territory.
An enthusiastic Mr Zohar told The Australian: "I have never seen anything like it."
Investors had mailed cheques even before the prospectus was released and applications were now clogging his fax machine.
Mr Zohar said the ASIC move involved what he called a technicality, and was absurd.
"ASIC's having a go at virtually everyone these days."
The latest IPO to hit the market is a $5 million raising by Venture Minerals, gearing up to drill its Churchill Dam copper-gold-uranium target located, its says, on the same corridor as Olympic Dam. Venture also holds uranium tenements near Redport explorations in Western Australia.
Eromanga Uranium on Friday launched a $15 million IPO, offering exposure to projects in both South Australia and the Northern Territory.
Next year's Australian Labor Party conference is likely to endorse a plan by leader Kim Beazley to ditch the three-mines limit that had been imposed by Bob Hawke's Labor government.
While the Queensland and West Australian state Labor governments remain opposed to uranium mining in their states, investors are expecting that resistance will be overcome within the next few years.
Drilling continues apace -- as does land acquisition, with advanced explorer Summit Resources stitching up another 12,000sqkm of prospective ground in Queensland.
Summit, with advanced uranium projects around Mt Isa, will manage exploration of land between Mt Isa and the Northern Territory border. It has brought in listed Newland Resources, which will stump up $5 million for a half share.
Last Monday, Newland was queried by the Australian Stock Exchange after its share price jumped from 17c to 24c. Newland said it knew of nothing to explain recent trading.
And there have been more good drilling results.
Alliance Resources, a junior partner with an arm of General Atomic of the US -- the operator of the Beverley uranium mine in South Australia -- reported grades as high as 1.657 per cent from the adjacent Beverley 4 Mile prospect.
Another operator, Scimitar Resources, reported grades as high as 0.13 per cent at its Yanrey deposit in Western Australia.
Yellowcake frenzy a mark of global hunger
You just can't get enough exposure to uranium, Robin Bromby writes
--------------------------------------------------------------------------------
August 07, 2006
FEDERAL Labor's plan to scrap its three-mines uranium policy seems to have unleashed a new round of yellowcake frenzy.
And not just here.
Perth brokers have been approached by a large Hong Kong sharebroking firm looking to organise a $100 million float on the Hong Kong exchange.
The plan is to acquire uranium projects in Australia and elsewhere and, through a Hong Kong listing, afford Chinese investors exposure to uranium.
Back home, more initial public offerings are under way, one involving a director who ran foul of the Australian Securities and Investments Commission last year.
ASIC obtained a permanent injunction against David Zohar and his company, Swancove Enterprises, from operating an unlicensed financial services business after allegations of their involvement in spruiking shares in Red River Resources, Corella Oil and Australian Biogen. Swancove had used a bulk mailing company to send unsolicited letters to more than 55,000 people offering shares in these companies.
Mr Zohar is running an $8 million IPO by Uranium Oil & Gas. He has been involved in many floats, starting with Fortuna Gold in 1987 and several since, including Greenstone Resources (now Red 5) and Red River. UOG's portfolio includes the Bungalow Well uranium target, 130km from BHP Billiton's Yeelirrie deposit, and uranium and oil projects in the Northern Territory.
An enthusiastic Mr Zohar told The Australian: "I have never seen anything like it."
Investors had mailed cheques even before the prospectus was released and applications were now clogging his fax machine.
Mr Zohar said the ASIC move involved what he called a technicality, and was absurd.
"ASIC's having a go at virtually everyone these days."
The latest IPO to hit the market is a $5 million raising by Venture Minerals, gearing up to drill its Churchill Dam copper-gold-uranium target located, its says, on the same corridor as Olympic Dam. Venture also holds uranium tenements near Redport explorations in Western Australia.
Eromanga Uranium on Friday launched a $15 million IPO, offering exposure to projects in both South Australia and the Northern Territory.
Next year's Australian Labor Party conference is likely to endorse a plan by leader Kim Beazley to ditch the three-mines limit that had been imposed by Bob Hawke's Labor government.
While the Queensland and West Australian state Labor governments remain opposed to uranium mining in their states, investors are expecting that resistance will be overcome within the next few years.
Drilling continues apace -- as does land acquisition, with advanced explorer Summit Resources stitching up another 12,000sqkm of prospective ground in Queensland.
Summit, with advanced uranium projects around Mt Isa, will manage exploration of land between Mt Isa and the Northern Territory border. It has brought in listed Newland Resources, which will stump up $5 million for a half share.
Last Monday, Newland was queried by the Australian Stock Exchange after its share price jumped from 17c to 24c. Newland said it knew of nothing to explain recent trading.
And there have been more good drilling results.
Alliance Resources, a junior partner with an arm of General Atomic of the US -- the operator of the Beverley uranium mine in South Australia -- reported grades as high as 1.657 per cent from the adjacent Beverley 4 Mile prospect.
Another operator, Scimitar Resources, reported grades as high as 0.13 per cent at its Yanrey deposit in Western Australia.
Sean K
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AGS has held up since is massive jump on 3 Aug after the ann regarding the high grades intercepted at the beverly 4 uranium mine.
Jumped again today on volume but no news.
Must be some more results to follow. Looks very positive going forward.
Almost touching $0.50 as I write and breaking though all previous resistance. Might struggle to keep it up, but if it holds, blue sky.
Jumped again today on volume but no news.
Must be some more results to follow. Looks very positive going forward.
Almost touching $0.50 as I write and breaking though all previous resistance. Might struggle to keep it up, but if it holds, blue sky.
Sean K
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Up almost 20% now at $0.52.
Be careful jumping on this now. Buy the rumour, sell the fact.
Be careful jumping on this now. Buy the rumour, sell the fact.
Sean K
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Holding above $0.52.
Interesting to note the two head and shoulder patterns formed on AGS over the past few months and each one did as expected. The bear H&S produced a fall of about the distance between the neck line and the top of the head as has done the inverse H&S. All approximate of course, but I can see it. I saw the bearish H&S but held on as I have this as a long term investment, but was sceptical about the inverse pattern forming.
I'm an amateur at this game so if there's any real techies out there, tell me what you think.
Once it settles, the fundamentals on the Bevery 4 mine are ripe. Now, Labor, change tha policy!
Interesting to note the two head and shoulder patterns formed on AGS over the past few months and each one did as expected. The bear H&S produced a fall of about the distance between the neck line and the top of the head as has done the inverse H&S. All approximate of course, but I can see it. I saw the bearish H&S but held on as I have this as a long term investment, but was sceptical about the inverse pattern forming.
I'm an amateur at this game so if there's any real techies out there, tell me what you think.
Once it settles, the fundamentals on the Bevery 4 mine are ripe. Now, Labor, change tha policy!
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Sean K
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he he, 15c on 21 Sep 05.
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For the past 3 days, i have seen a couple of companies whose share price rose under no ann i.e UXA, CQT. However this only last for 1-2 days and then drop bak to where it started. AGS might follow the similar trend, but the closing today was above my expectation, a good closing today certainly or shall certainly be maintained by tomorrow, anyone noes wat the ann will be like?
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Rising nicely again today! Jumped in excess of 9% by 10.22am.
Go you good thing
Go you good thing
Sean K
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Probably get a speeding ticket soon if it doesn't come out with something more.
Sean K
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Their last ann reported significant U intersections at Beverly 4 in Arkaroola, adjacent to the Beverly Uranium Mine in Sth Aus. Project is JV with Quasar, a subsiderary of Heathgate who operate the Beverly Mine.
I'd say another ann is due with this recent action. Or, a please explain. Or, traders jump ship and goes back to $0.30....
I'd say another ann is due with this recent action. Or, a please explain. Or, traders jump ship and goes back to $0.30....
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It hit the ground running at 10am, but sadly it has now run out of puff!
I thought it might drop back to fill gaps but it is holding steady, thankfully. Maybe another run tomorrow before profits taken in the afternoon.
I thought it might drop back to fill gaps but it is holding steady, thankfully. Maybe another run tomorrow before profits taken in the afternoon.
Sean K
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Maybe roo.
I reckon it'll pull back to $0.50 and (hopefully) consolidate there.
Where's the ann, or please explain from the ASX?? I suppose they're just assuming its related to the last ann....
I reckon it'll pull back to $0.50 and (hopefully) consolidate there.
Where's the ann, or please explain from the ASX?? I suppose they're just assuming its related to the last ann....
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Base on the graph, for AGs, a strong day often follow by 2 to 3 days of steady drop. It seems that this trend will appear again, as the price may drop for another 2 -3 days, it may touch 46-47c before the release of an ann and new graph will appear. I am out but believe a lot left to go. Do ur own research!
Sean K
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Up another 10% through $0.60.
It's doubled in a month. Perhaps time to lock in some profits.
Where's the ann????
Speeding ticket to be issued for sure.
It's doubled in a month. Perhaps time to lock in some profits.
Where's the ann????
Speeding ticket to be issued for sure.
Sean K
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1035 [Dow Jones] Alliance Resources (AGS.AU) extends powerful rally, rising 8.0% to 61 cents on heavy trading of 3.1 million shares, doubling already this month. Fueling rally, Aug. 4 drilllng report of wide, high-grade intercepts of uranium ore at Beverley 4 Mile prospect, Arkaroola project, favorably located immediately west of operating Beverley mine. AGS has 25% free carried interest with Quasar, an affiliate of Beverley mine's operator Heathgate Resources, operating 4 Mile exploration activity, where drilling continuing, with issue of further results to provide trading opportunities. (RCB)
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Takeover offer? Is this likely since the company seems to be laying on a load of uranium. A lot of heavy buying? Price has been up and down in the past half hr?
Where is the next resistance point!
Where is the next resistance point!
