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AGS - Alliance Resources

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Yeah i was going to say yesterday, I wonder if the Top 20 are still buying up at this price???

This is really bad for AGS...and me!
Looks like all my uranium hopefuls are crashing and burning.

AGS,ERN,(ROY in for their U as well as Ore) even BMN is looking bad.
 
Indeed, uranium has had some great press these last few months with clear moves toward building new reactors around the world and a backlash against using food sources to generate fuel.

However, all miners are dropping and uranium miners are just in the same boat. Great buying or the worst still to come? PDN and AGS both look cheap, but at this rate they could be half that price this time next week.
 
Steady at 62 cents today. Uranium spot price also steady, at $74. I guess the bottom line is that AGS are not a producer yet ... but man they sure have a big resource.
 
skunkmonkey said:
Steady at 62 cents today. Uranium spot price also steady, at $74. I guess the bottom line is that AGS are not a producer yet ... but man they sure have a big resource.
Click to expand...

Well they may have a big resource but are you not forgetting its only 25% of that huge resource the good thing is though they are free carried until a decision to mine is made

cheers laurie
 
There has been some serious computerised trading lately on this one. I was watching one day and it was flashing every half second on a sell of 70 cents and 70.5 cents. Noone human could change the sell that fast. It went for several minutes.

There has been some very strange trading here, and I would certainly appreciate others' comments on that.

April sees the jorc upgrade.
 
Just thought I would post some old news I came across in the Australian from march 17th about AGS.

MEANWHILE, Alliance Resources says it expects to know before the end of the year whether its Four Mile project in South Australia will become Australia's fifth producing uranium mine.

Alliance, which has a 25 per cent stake in Four Mile, with Heathgate affiliate Quasar owning the rest, believes that if in-situ leaching trials are successful, Four Mile could be up and running by 2010, with an initial throughput capacity of 1.5 million tonnes a year.

Both Quasar and Alliance are hopeful that Four Mile might contain 21,500 tonnes of uranium oxide.

taken from The Australian dated March 14th 2008
 
Bit of buying coming back in here with the sellers drying up. New jorc update due April 08. Any day now I guess. No reason to believe it should be bad based on those nice high grades released from drilling. Brokers seem to be recommending clients to buy good uranium stocks again. I see a few pushing this one. Good luck to all holders.
 
Sounds good but then why is PDN down so much at the moment I would think PDN is a good one
 
Gosh, gone into trading halt. Were keen buyers this morning predicting an announcement soon, or was their leakage of good news? Leakage of good news I'm guessing. We'll find out next week. Should be the jorc upgrade I would think.
 
grace said:
Gosh, gone into trading halt. Were keen buyers this morning predicting an announcement soon, or was their leakage of good news? Leakage of good news I'm guessing. We'll find out next week. Should be the jorc upgrade I would think.
Click to expand...
Leaky boat, surely.

And probably good news Grace. Expect a good update along with the Qtly I think.

Good luck!
 
Yeap sounds like that insider trading going on there. Very weird specially if AGS comes out with good results for four miles.
 
Oh i'm sure it will be good results further strengthening Four mile.

But I think the sentiment towards Uranium will have to change before we see the share price of AGS (or any other U players) head north for a substantial period of time.

I'm still bullish that sentiments wont be too far away as everyone has taken such a keen interest in the environment these days.

All we need now is the Japanese to come up with a way to neutralize the radioactive waste.....and BANG...Uranium can join the likes of coal

As for your "leaky boat" comment kennas, it just seems to happen all too often on the ASX IMO.
Really stinks.... :disgust:unless your the one in the know.
 
Don't all get too excited remember the last JORC did not inspired the market at all and got hammered I was hoping it was for Maldon gold project its share of the U308 has to be at least 15,000Tonnes to move it back towards the $1.50 mark but that's JMHO

cheers laurie
 
Looks like an outstanding breakout here with some follow through to confirm. Some resistance around the $1 mark to be a hurdle. Nice to see a U explorer turning around, it's been a tough six months!!
 

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The rumour I got is that AGS might be under a takeover offer. That is just a rumour but comes from good sources. I hope this is correct as I hold AGS. Might get U stoks moving up again. I am wondering if PDN might get the same as there has been rumours about being a takeover target for a while
 
Only from the JV partner. What's their name? Had a few too many..Can't be a takeover without their approval and or participation...
 

Well if the update is good news then the chances of a T/O is remote lets face it why wait when the sp was in its mid 60's if the update is good then $1.5+ is possible and the decision to mine has not been made so they are still free carried which will attract a premium if it hits $2 with 278M shares fully diluted AGS market cap will be $556M so what price is their gold holding

cheers laurie
 

Oh god. i kinda hope that there isn't a takeover of AGS.

I paid over $2 for my shares so wont be accepting anything too low for Alliance.
I'm still paying the price for the PDN takeover of SMM

I should have sold that dog right then and there when PDN sp was alot higher.

But we live and learn i suppose.

* i think its just another resource update though*
 
Not sure what they meant in the announcement "48hrs" is that including Anzac day if not then it must be Tuesday when they release the qrtly and upgrade

cheers laurie
 
Announcement out great news mining to start late 2009 89% recovery possible leach trial off the agenda due to high grades toot toot here we come S.A.

cheers laurie
 
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