Spooley...you got it right...why..??? the research is there...and I am holding as well...only post which made sense today..
Spooley...you got it right...why..??? the research is there...and I am holding as well...only post which made sense today..AGS moving strongly again, it is certainly well supported at these levels. Let the market decide. As you say spooly- like to be news in 3rd and 4th Q 2007. Nice diagram.
Good point Laurie. I've been thinking about this myself. I don't think Maldon will pay for it. It's going to take a little while for that to ramp up. After mining begins at B4M it will take a couple of years to ramp also, so maybe a spp, a buyout of Arkaroola, or complete T/O.Another thing that AGS has to cross if the decision to mine is made it needs to fork out $$$ for it's share, so DILUTION could end up being a problem because either they do another spp or hope that their Gold mine is producing $$$ and new mines are not cheap even 25% could cost them well over $50m+ unless someone wants the 25% and will pay for it
cheers laurie
Good point Laurie. I've been thinking about this myself. I don't think Maldon will pay for it. It's going to take a little while for that to ramp up. After mining begins at B4M it will take a couple of years to ramp also, so maybe a spp, a buyout of Arkaroola, or complete T/O.
I hadn't even noticed that. As a general rule C&H are much better if gentle, even, U shaped and equal on both sides. the target from the cup would be the distance from the base of the cup to the lip. This may qualify, but the unevenness, and the gap up make it less valid. If valid however, a break from the lip would provide a price target of $3.40 ish. Market cap would be pretty toppy then.As an aside for the charties ... Could the recent price action from the end of Jan be seen to be a cup and handle formation (currently in the handle) or is the height of the handle invalid because it went higher than the opposite lip?
Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential.
Cup: The cup should be "U" shaped and resemble a bowl or rounding bottom. A "V" shaped bottom would be considered too sharp of a reversal to qualify. The softer "U" shape ensures that the cup is a consolidation pattern with valid support at the bottom of the "U". The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.
Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which is conforms with Dow Theory.
Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement is, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup.
Duration: The cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks.
Volume: There should be a substantial increase in volume on the breakout above the handle's resistance.
Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
Just heard on another forum that Mike Rann has been ramping up the beverley 4 mile deposit again. "largest U deposit in 25 years blah blah blah".
If i was a betting man I'd put my $ on thursday for the jorc.
I don't bet because I usually lose.
Just heard on another forum that Mike Rann has been ramping up the beverley 4 mile deposit again. "largest U deposit in 25 years blah blah blah".
If i was a betting man I'd put my $ on thursday for the jorc.
I don't bet because I usually lose.
AGS SP still has heaps in the tank IMO:
On p11/12 of AGS' latest presentation they make the statement that:
PDN has 1.7km² @ .025% U3O8 (PDN have already announced that the deposit = 52,470,004 lbs of U3O8 or 23,800 tonnes) - inground resource value per share of: $6.10
NOW:
AGS have just announced that they have 4km² @ .03%! Taking into account the extra 2.3km² & 20% higher grade, THEN: Mathematically, AGS has about 143,243,110 lbs of U3O8 or 65,000 tonnes
AGS share of that is 25% = 35,810,777 lbs of U3O8 for a value of $1,851,030,050 with an inground resource value per share of: $8.09
AGS has to be the best/safest U stock on the ASX IMO! It is really looking the goods.
Reagrds to all
tend to disagree . compare it to MTN (SA) , BMN or even PNN (SA) falls well short. can name a host more .. This has been hyped by Mike Rann. His grand Mother must own it lol
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