This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

AGS - Alliance Resources

Jump to new
Eeeeeek!

Cap raising at 68 and 60c, while the stock is running at 85c.

Eeeeeek!

Haven't read too many details, but for tech traders, eeeeek!

Unless there's an oversell and you grab the knife.

Eeeeeek!

 
Announcement on Four Mile today, looks like the project is go go go

Been some good buy volume already, very positive news
 
Its been a while since the last post on this thread. On Dec 15th the 1st court hearing takes place so should have some news the next day or 2 after this. For those who did not attend the AGM, the annual report on the AGS site is good reading. http://www.allianceresources.com.au/IRM/content/home.html.
Some upward movement in the share price over the past week has been positive for AGS as well.
 
Anyone got any thoughts on this?? Settlement over FMC looks possible from last announcement? Last real data was optimisation study which looked pretty good - $200m capital cost for standalone 5MTpa plant with op costs of $21/tonne giving a good $20/t margin ($100m per year). Give 25% of that to AGS and they are well undervalued given that they have about 10c per share in cash and only just ticked up to 16.5c today - MC of $60m-ish at todays price.

Anyone know whether FMC is likely to get built ever?
 

Looks like Mr Market likes it - pushing 19.5c atm - I'm in now, first trade in a while
 
At the moment there's 103 buyers for 4,777,257 units and 18 sellers for 475,886 units .

So looking good .
 
namrog said:
At the moment there's 103 buyers for 4,777,257 units and 18 sellers for 475,886 units .

So looking good .
Click to expand...

Mmmm, sellers drying up quick smart Hopefully will see a good night on Wall Street/Europe tonight and tomorrow will be a quick run through the sellers and another 10c jump!!

Anyone know offhand what the NPV of FMC to AGS was/is? (gotta love TLAs [Three Letter Acronyms])
 


I have watched this stock for 3 months and have not made an entry due to the large up moves which I considered too large to risk entering after. Turns out that was foolish. Always wary of chasing and then miss out on the continuing move. If anyone can offer insight into how to judge this, then please do so. In hindsight there were several levels which offered reasonable entries, but I don't think that is so apparent at the time.

Nevertheless, anyone that has participated in that amazing run of AGS, well done.

1. Can it break that high ?
2. What does it have that is so special (is it just the completion of court action?)
 
Today's movement is absolutely crazy...

I'm too scared to enter on parabolic movements.

Just like when MAD was @ 50c... or now when AGS is @ 56c..

Well done for all the holders
 
mr. jeff said:
View attachment 46132

I have watched this stock for 3 months and have not made an entry due to the large up moves which I considered too large to risk entering after.
Click to expand...

I'm the same as you. Has been on my watch list for a while. Each up move has been too parabolic for me to enter after and each retracement hasn't been what I consider orderly. Looking at the chart in hindsight I guess there were some consolidation points to enter. Nevertheless, I wouldn't enter now as the stock seem too far into its stage 2 cycle (which means I'm probably going to continue to which this stock rise on the sidelines).
 
Can't deal that way that's why I am an investor rather than a trader I try to get in on the bottom
 
I am another on who had it on the watch list. Well supported around the 30 cents.

I'd actually entered on the 25/1 when volume spiked but was stopped out a few days later.

Even the no supply day on 16/12 could have offered good entry.
 
IMHO there must be more news on the JV.... the last news only dealt with the permit/mineral lease we still have the M&D conduct to sort out otherwise the holding of the 25% v 75% might change as a result of the ruling
 

1. Interesting to see that it didn't break the high - at least not yet! Wait and see...
2. So special - A quarter share in a project that basically just needs to be constructed and start producing - with a margin of $30/lb and production of 5m lbs pa gives $$150m a year or $37m to Alliance. Give a PE for emerging uranium producer of say 10 should put market cap at $350m ish or about twice current.

Obvious risks around capital and operating cost rises since FS was done 4 years ago!

Still holding from 19.5c
 
In hindsight,

It looks like we all caught a very lucky break for not chasing the highs.

(unless we did a quick sell)

Looks to have bounced off 25c and consolidating now between 26-28c.

Thoughts? Might be a good entry @ 25c if you can get it.. a lot of people would be trapped long above this price I would imagine.
 

Perhaps yes, but not until it clears that 30c level and proves it will hold it.



At the moment we could see some consolidation under 30c, although it may make a false break above shortly judging by the current squeeze. If you were after a 10% move then you may see it shortly, but on the balance nothing too exciting yet.
 
You must log in or register to reply here.

Similar threads

IL1 - Ilala Metals
Replies
2
Views
1K
System
CGR - CGN Resources
Replies
7
Views
3K
Dona Ferentes
RAP - Raptor Resources
Replies
1
Views
708
Dona Ferentes
  • Sticky
Resources Rising Stars 2024 Conference Gold Coast
Replies
7
Views
2K
Garpal Gumnut
PR2 - Piche Resources
Replies
2
Views
1K
Dona Ferentes
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...