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AGS - Alliance Resources

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Re: AGS - Alliance Resources TOP 20 Shareholders

Fab said:
Why is AGS going down down down at the moment. I can't understand why there is a negative sentiment about it
Click to expand...

Uranium sector is on the nose short term (price fallen from US$135/lb to approx $110), although medium term there is still a supply deficit which bodes well for prices.

AGS has been placed into the overpriced Uranium stock basket with all the others, whether they be quality or not. Only news and a timetable to mine will turn around sentiment and show the punters it's not just another U wannabee.
 
I just checked on my spreadsheet that I keep with Market cap/Lb uranium resource. AGS is still 10x the market cap/lb U308 than MTN, so that may help explain why MTN is recovering before AGS. Anyone done any research on the gold value of AGS? I guess most people are interested in it for the "old glow in the dark", to quote Father Ted.
 
I hold MTN as well, wouldn't you say AGS is 2-3 years closer than MTN in terms of production? It will be the earliest producers that reap the greatest rewards before too much supply comes online.

Re gold, given the recent history of the Victorian gold industry (Bendigo Mining, Ballarat) I would say very little if any value is priced into the Maldon project. I see it as a bonus.
 
Of course you are right, but AGS is within 10% of the market cap./lb price of Paladin which is ALREADY in production.
 
exgeo I know this is off topic, is BMN in your spreadsheet and if so how does it compare at the present time? cheers

Anyway the whole U sector is very pungent at the moment, the only ones to recover will be actual producers, let's face it there was a lot of rubbish that surged with the rising tide across the whole sector.
 
Here is the raw data. Use at your own risk! You can open with excel if you save this to a text file with the extension ".csv" first (use notepad to paste and save first). I used tonnes of U308 rather than lb, but it's just a relative number anyway, to produce a ranking. Use at your own risk.

Company,U308 (t),% Own,Grade (Kg/t),Price ©,shares,Cap ($M),Cap/Lb ($/lb),Cap/t at date of input
CTS,32700,100,0.32,60,"108,000,000",65,0.9,1.0
MTN,34400,100,0.6,420,"52,723,995",221,2.9,0.4
WHE,31800,100,0.09,250,"83,000,000",208,3.0,2.0
VUL,20000,100,1.8,135,"120,000,000",162,3.7,3.7
OMC,4950,100,0.4,50,"101,605,000",51,4.7,4.7
RPT,7860,100,0.52,16,"565,689,000",91,5.2,
TVC,30000,100,6.6,440,"111,986,263",493,7.5,9.8
ARU,3954,100,0.21,145,"58,132,507",84,9.7,2.9
BMN,12300,100,0.219,220,"127,532,617",281,10.4,10.4
GGY,1200,100,2,12,"247,727,528",30,11.3,4.2
NEL,8500,100,0.6,390,"61,110,410",238,12.7,3.5
RGT.V,5000,60,10,609,"19,143,700",117,17.7,10.6
EME,6500,53,2.1,510,"26,900,000",137,18.0,3.0
SMM,20000,50,2,290,"206,390,020",599,27.2,7.6
AGS,15000,25,3.7,120,"248,024,285",298,36.1,16.0
PDN,40000,100,0.7,610,"602,373,298","3,674",41.8,55.5

I note heavy buying by a director in EME the last 2 days (quarter of a million smackeroonies or so).
 
many thanks ex geo................................................................................

AGS just got 15% better value, hmmmm
 
Wow! This stock was $1.25 2 days ago, now its 95cents! I've taken the plunge and taken advantage of the negative sentiment. The fundamentals are strong and I feel there's money to be made at these levels. Does anyone have a view as to what a fair price is (market volitility aside)? I have a figure of $1.50 in my mind but it's just a gut feeling, no substance behind it
 
Re: AGS - Alliance Resources TOP 20 Shareholders


Don't worry guys, looks like todays market answered my question for me. A 50% retractment from my buy in price. Nice and that was only 3 or so weeks ago. Ho hum.
 
More buyers than sellers for the first time in ages. Perhaps the knife has finally hit the table. Same for EME (well, almost). A positive comment on AGS from Warwick Grigor in yesterday's Fin probably helped (something along the lines of instos should be a buyer of AGS at these levels if they want Uranium exposure).
 

I`d agree that article helped prop up the sp for the moment, but it`s going to be a hard slog back to the top.
Scoping study, east jorc yada yada yada!

There was an auction over the weekend for 200t of Uranium hex and I`d imagine it`s dropped the price below $100, maybe someone with a subscription to Tradetech can confirm?

Attached is a .pdf of the article in the Fin.
cheers

cheers
 

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  • ags_fin_16-08-07.pdf
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News is obviously very very close and the buy side is looking particularly strong.
There has been slow steady accumulation going on over the last few days.
The Top 20 shareholders 'Total holdings' have increased.
This baby is baout to race back up, imho of course.
dyor I have a very big holding and have been topping up at these V low prices.
 
Not too late to get a slice of the action peoples.
AGS is going to be over $3 by years end.
Those in the know are taking their positions today.
The bot traders seem to have disappeared.
I hold and will do so for the mid to long term.
Big news is close.
dyor
 
ASX ann today

SP up 6 cents first up
AGS $1.48 +$0.06 +4.23% 292,287 shares $425,660 @ 28-Aug 10:04:39

28/08/2007 High Grade Uranium Zone Extended by 33% at Four Mile East
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00752784

FOUR MILE URANIUM PROJECT
High Grade Uranium Zone Extended by 33% at Four Mile East

HIGHLIGHTS
  • The Four Mile East high-grade zone has increased to more than 1200 metres and is open along strike.
  • New high-grade uranium intersections (GT>1mO8) at Four Mile East, including:
5.4 m @ 0.85% pU3O8 (AK370)
1.2 m @ 1.10% pU3O8 (AK371)
2.4 m @ 0.62% pU3O8 (AK372)
4.0 m @ 0.26% pU3O8 (AK373)
5.3 m @ 0.21% pU3O8 (AK376)
2.5 m @ 0.71% pU3O8 (AK382)
2.5 m @ 0.90% pU3O8 (AK386)
4.5 m @ 0.47% pU3O8 (AK395)
2.6 m @ 0.62% pU3O8 (AKC006)

(GT = grade x thickness (mO8. pU3O8 refers to the U3O8 grade as estimated from PFN logging and may be subject to revision by application of calibration correction factors).

Major step-out drilling program utilizing up to four drill rigs continues at Four Mile East to define the limits of mineralisation with the aim of estimating a mineral resource at Four Mile East during 2007.
 
Yes good to see that ann come out of AGS.

I'm sure some bottom feeders who were able to pick some shares up under the $1 will be very happy about that.
I dont believe Uranium is dead and buried yet. many countries are still looking at using it for their future source of fuel and I'm sure the good sentiment will return to the quality Uranium companies like AGS etc.

I look forward to the day that all this drilling is finished and we can start looking at at PFS or BFS.
 
Just be patient peoples.
This is a gem.
There might be dips but AGS is going up, up, up, up and uuuuuuppppp in the medium to long term.
Nothing anyone does or says can change the fact that this is going to be the biggest U discovery in the last 20 yrs.
The size is still to be determined by more extensive drilling. All imho of course.
I have a big holding. dyor
 
As off 27th August the Total Holding is
140,796,723 shares.
As compared 9th Aug 140,377,424
Of particular interest:-
Beck increased his holding
From 2,713082 to 3,800,000
National Nominees increased their holding
From 4,701,957 to 5,721,741
Speaks for itself, dyor.
 
Sorry left out TOP 20 Total Holdings
As off 27th August the Total Holding is
140,796,723 shares.
As compared 9th Aug 140,377,424
Of particular interest:-
Beck increased his holding
From 2,713082 to 3,800,000
National Nominees increased their holding
From 4,701,957 to 5,721,741
Speaks for itself, dyor.
 
Re: AGS


Uranium is the way of the future.
This is vindicated by the World leaders signing up for supplies of our Uranium.
Supplying the likes of Russia, China, India etc, etc is just the beginning.
Companies such as AGS, PDN, BHP, ERA (RIO) will prosper immensely over the coming years.
There has been a dip in the price of Uranium but with all of the publicity re: Global Warming, greenhouse effect (carbon emmissions) the longer term price is sure to increase.
It is just a matter of time and the longs in AGS will be well rewarded.
In fact with the recent signings by our industrious foresighted Prime Minister Howard, imho next week we will see evidence of all of the above with an increase in the AGS share price although maybe somewhat subdued due to the turmoil in the Yankee market flowing onto world markets as this is where most investment focus is.
dyor I hold AGS CUL EMR
 
I hold AGS also & while I feel optimistic in the long term for any Uranium producer (producer to be), I can't help but wonder if anyone is still holding from $2.91 , my holdings red but not THAT red, bet they wouldn't feel too enthusiastic right now.
 
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