AGS - Alliance Resources

[bigdog]

ASX ANN today 17/10/2007 Trading Halt

Announcement due and to remain in pre-open until Monday

Trading for October has been quite and not unusual!

Date........ Close Volume
17-Oct-07 1.39 322,853
16-Oct-07 1.41 241,523
15-Oct-07 1.40 348,212
12-Oct-07 1.40 279,318
11-Oct-07 1.38 252,159
10-Oct-07 1.35 461,608
09-Oct-07 1.28 748,694
08-Oct-07 1.36 230,390
05-Oct-07 1.35 269,893
04-Oct-07 1.35 240,343
03-Oct-07 1.41 397,215
02-Oct-07 1.47 245,656
01-Oct-07 1.50 107,781

 

[wllmtrish]

Part of the request for a trading hold is as follows:- The Directors of Alliance Resources expect to shortly make a SIGNIFICANT announcement which they are not in a position to release at present.
I really like the word SIGNIFICANT.
Fingers crossed the market likes what it is about to hear.

 

[wllmtrish]

Posting this extract from the September 2007 annual report to refresh our memories. It is excellent reading imho.

Activities: Uranium, gold & copper exploration
Issued Capital: 249.5 million shares
& 1.57 million unlisted options
Market Capitalisation: $321 million @ $1.285 closing price @ 19 September 2007
Cash reserves: $5.2 million @ 30 June 2007
Top 20 shareholders: 56.6%
ASX Code: AGS
Company Objective
Maximise shareholder wealth through successful exploration and
responsible, sustainable & profitable development of mineral deposits.
Corporate Strategy
1. Realise the full potential of the Four Mile uranium discovery
and surrounds.
2. Prove the concept that Maldon Gold Project is profitable.
2007 Highlights
 Initial Inferred Mineral Resource estimate at Four Mile West is
3.9 million tonnes at 0.37% U3O8 containing 15,000 tonnes
(32 million lb) of U3O8.
 The resource estimate area (~1km²) is within a much larger area
(>5 km²) of potential mineralisation at Four Mile as indicated by
broad-spaced drilling and gamma responses.
 Concept study for mining at Four Mile has commenced.
Projects Outlook
 Arkaroola Uranium, Copper-Gold Project, South Australia
(includes Four Mile Uranium discovery)
:: Establish initial uranium mineral resource at Four Mile East;
:: Complete concept study at Four Mile;
:: Commence In Situ Leach (ISL) field trial;
:: Apply for Mining Lease(s) at Four Mile; and
:: Continue drilling at Four Mile with the aim of increasing the
mineral resource.
 Maldon Gold Project, Victoria
:: Explore for remnant and new gold lodes as decline progresses;
:: Establish mineral resources at Ladies Reef; and
:: Complete the decline and commence trial mining at
Alliance South.
 Warrina Copper-Gold Project, South Australia
:: Diamond drill Big NE magnetic/gravity target to test for
copper-gold.
 East Frome Base Metal Project, New South Wales
:: Commence geophysics and fieldwork in order to generate
targets for follow up.

 

[eMark]

I've enjoyed your posts re AGS. Until I read todays posts I had no idea AGS was in a trading halt. Which is pretty sad considering I own shares in AGS. It certainly highlights my dissapointment and lack of interest of late, to the point where I'm not even following it's SP movements. I do hope that this upcoming announcement puts some upward movement into the SP. I hold at $1.91.....

Posting this extract from the September 2007 annual report to refresh our memories. It is excellent reading imho.

Activities: Uranium, gold & copper exploration
Issued Capital: 249.5 million shares
& 1.57 million unlisted options
Market Capitalisation: $321 million @ $1.285 closing price @ 19 September 2007
Cash reserves: $5.2 million @ 30 June 2007
Top 20 shareholders: 56.6%
ASX Code: AGS
Company Objective
Maximise shareholder wealth through successful exploration and
responsible, sustainable & profitable development of mineral deposits.
Corporate Strategy
1. Realise the full potential of the Four Mile uranium discovery
and surrounds.
2. Prove the concept that Maldon Gold Project is profitable.
2007 Highlights
Initial Inferred Mineral Resource estimate at Four Mile West is
3.9 million tonnes at 0.37% U3O8 containing 15,000 tonnes
(32 million lb) of U3O8.
The resource estimate area (~1km²) is within a much larger area
(>5 km²) of potential mineralisation at Four Mile as indicated by
broad-spaced drilling and gamma responses.
Concept study for mining at Four Mile has commenced.
Projects Outlook
Arkaroola Uranium, Copper-Gold Project, South Australia
(includes Four Mile Uranium discovery)
:: Establish initial uranium mineral resource at Four Mile East;
:: Complete concept study at Four Mile;
:: Commence In Situ Leach (ISL) field trial;
:: Apply for Mining Lease(s) at Four Mile; and
:: Continue drilling at Four Mile with the aim of increasing the
mineral resource.
Maldon Gold Project, Victoria
:: Explore for remnant and new gold lodes as decline progresses;
:: Establish mineral resources at Ladies Reef; and
:: Complete the decline and commence trial mining at
Alliance South.
Warrina Copper-Gold Project, South Australia
:: Diamond drill Big NE magnetic/gravity target to test for
copper-gold.
East Frome Base Metal Project, New South Wales
:: Commence geophysics and fieldwork in order to generate
targets for follow up.

 

[laurie]

Part of the request for a trading hold is as follows:- The Directors of Alliance Resources expect to shortly make a SIGNIFICANT announcement which they are not in a position to release at present.
I really like the word SIGNIFICANT.
Fingers crossed the market likes what it is about to hear.

which they are not in a position to release at present

That always amazes me,so why not wait until they are in a position to announce it and why announce it if you are not ready to but the word SIGNIFICANT does make me happy anyone guess of new sp

cheers laurie

 

[drmb]

... Until I read todays posts I had no idea AGS was in a trading halt. Which is pretty sad considering I own shares in AGS .....

You can get free alerts to ann and media reports on any asx company at http://www.newsalerts.com.au/index.php

I have held ags on and off (off atm) and think it is the best next to my currently held pdn and bmn. It's a quality share imo.

 

[eMark]

You can get free alerts to ann and media reports on any asx company at http://www.newsalerts.com.au/index.php

I have held ags on and off (off atm) and think it is the best next to my currently held pdn and bmn. It's a quality share imo.

Thanks for that, I'll check it out. It will be very interesting to see how AGS re-opens on Monday after the announcement; considering it's also going to have to face off against last nights 366 point loss on the DOW.

Hope it's a good one!

 

[bigdog]

Is this the significant news requiring a trading halt last week!!

SP today AGS $1.32 -$0.07 -5.04% high of $1.325 low of $1.225 566,030 shares $733,338 @ 22-Oct 12:33:02

ASX ANN today:
AGS 9:57 AM Alliance Completes A$30m Share Placement. Incl Appendix 3B
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00772161

GLOBAL AND LOCAL INVESTORS SUPPORT A$30 MILLION SHARE PLACEMENT
The Directors of Alliance Resources Limited (“Alliance”) (ASX Code: AGS) are pleased to announce that that it has completed a A$30 million share placement comprising 23.1 million ordinary shares at A$1.30 per share to institutional and sophisticated investors.

The majority of the securities were placed to large Australian and Global Institutional investors.

The placement is being undertaken pursuant to the “excluded offer” provisions (Section 708) of the Corporations Act. The issue of the shares is within the Company’s existing 15% share issue capacity

The funds raised from the Placement will principally be applied towards:
• Arkaroola Joint Venture - Four Mile Uranium Project (anticipating a Decision to Mine in 2008);
• Ongoing exploration and development work at the 100%-owned Maldon Gold Project in Victoria;
• Exploration activities at the Company’s portfolio of regional projects in South Australia & New South Wales; and
• General working capital and new project opportunities.

Funds from the Placement are expected to be received by 30 October 2007.

Also ANN
AGS 10:02 AM Investor Presentation
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00772162

 

[laurie]

Interesting to see the new top 20 shareholders after all of this! if this is the significant news they referred to,to justify the trading halt then god help us if they have bad news

cheers laurie

 

[Fab]

Obviously yesterday annoucement was not that bad. The problem was that the market was depressed therefore pushing AGS down. Up over 7% today. Looks good to me

 

[Out Too Soon]

Holders breath a sigh of relief, one of the bottom 20 shareholders was stop lossed out last friday & the sp has been heading nth since then.

 

[Sean K]

More fantasic grades from B4ME, although not very wide. At some point I anticipate the market will be able to assess the true value of this deposit. I'm not sure if a $$ figure can be put on it still...

 

[bigdog]

AGS SP currently after ANN
AGS $1.45 +$0.06 +4.32% woth high of $1.48 172,774 shares $251,361 29-Oct 10:26:19

ASX ANN today
29/10/2007 FURTHER HIGH GRADE URANIUM INTERCEPTS AT FOUR MILE EAST
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00775437

Further High Grade Uranium Intercepts at Four Mile East

HIGHLIGHTS
New high-grade uranium intercepts (GT>1mO8) at Four Mile East, including:

• 1.50 m @ 1.13% pU3O8 (AK398)
• 2.60 m @ 0.53% pU3O8 (AK442)
• 1.85 m @ 1.94% pU3O8 (AK445)
• 5.20 m @ 0.33% pU3O8 (AK447)
• 4.70 m @ 0.69% pU3O8 (AK447)
• 1.10 m @ 1.53% pU3O8 (AK453)
• 2.85 m @ 0.84% pU3O8 (AK470)
• 3.85 m @ 0.35% pU3O8 (AK477)
• 2.35 m @ 0.60% pU3O8 (AK482)
• 2.90 m @ 0.44% pU3O8 (AK487)
• 3.75 m @ 0.28% pU3O8 (AK489)
• 4.10 m @ 1.69% pU3O8 (AK505)
• 2.10 m @ 0.61% pU3O8 (AK519)
• 0.70 m @ 1.67% pU3O8 (AKC009)

(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).

New mineralised zones identified in the southern part of Four Mile East Prospect.

Drilling continues at Four Mile East with up to five rotary mud and two diamond core rigs in operation.

Full ann is 11 pages

 

[wllmtrish]

So a little bit of maths for those who prefer parts per million.
1.94% = 1.94/100
so 1.94/100x1Million=19,400
thus 1.94%=19,400ppm
That to me is a very rich resource which just keeps getting bigger and bigger.
Still lots of untested zones so the AGS sp will just keep on going up.
I would bet on $xx sp within 18months which should be very close to mining stage. Maybe a full take-over before then though. Just mho.
dyor I hold AGS CUL CQT EMR

 

[wllmtrish]

AGS in Pre-Open after strong gains in sp this morning, one would think someone was in the know. just mho.
dyor I hold AGS

 

[Dutchy3]

I bought a gut full on the close via CFD .... bit of a margin risk on this one as the provider requires 10% ... don't need this one to muck about at this point

 

[Dutchy3]

18% in 2 days ... ?

So what else is going on ?

Or is this just reacting along with this weeks other nice performers?

 

[eMark]

I had a feeling some of the U stocks wouldn't be that affected with the 362 point plunge in the DOW last night; due to returning sentiment in the U sector. But AGS in the first hour is going very well. A low of 1.74 from it's close of 1.87 yesterday, and already it's back to where it finished (1.87).

 

[Dutchy3]

I didn't even know what this stock did when I took the position. Offered via CFD at 5% margin so presumed the liquidity was there ...

Does it actually provide a cash flow situation that is positive?

 

[wllmtrish]

Here is the proof again that institutions are buying:
Percentage held by the Top 20 shareholders.
This has increased yet again as follows:-
28 sept 07 141,493,145 shares 56.71%
12 Oct 07 141,658,841 shares 56.74%
05 Nov 07 161,619,953 shares 59.26%
Therefore bot trading is still seeing accumulation in the Total Holding of the Top 20.
dyor I hold AGS CUL CQT EMR
Quaser has only drill tested 10sqK of a total 150sqK
The story is only just unfolding
Good luck all holders Just a matter of being patient