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AGS - Alliance Resources

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imajica, how confident are you? we have seen how cdu has collapsed from a high of 10 to 3, i believe ags is likely to increase at that rate but once a report like CDU is out, it will slump as fast as it rises. Also ASX is watching this share carefully, will they offer another speeding ticket? Remember they are very good at this.

However on the other side, there were two aspects that really pleased me, one is after offering the warning from ASX it didn't drop as much as i was expecting and it continues to rise showing there is some fact lying at the deposit. Secondly the drop on friday was recovered very quickly indicating a new rally is ready.

In long term, this share is very definite in IMO, but short term, it looks bit risky, however it also carries a big reward. Cheers!

DYOR
 
stockmaster

aum from 30 cents to 10.00 in a month

no stock on the asx market compares

AGS is still largely unrecognised by the market.
The share volume is testiment to that.

Don't ever forget AGS is in Australia.
It has a ready market for the uranium with Heathgate.
Beverley 4 Mile will be considered an extension to an existing mine.
The plant and equipent is already built and a $100M expansion at
Beverley is underway
Ask anybody in the mining industry right now how long it takes to
get anything done let alone build a new uranium plant.

Beverley is so far ahead of all the other Uranium Juniors it is not
funny.
When the reality hits that getting any new uranium mine off the
ground even with the ban on uranium mining lifted. It will still
take around 6 Years!

AGS is one of the few companies that can actually have its Uranium
mined before the Uranium boom is over (2013-17)

I can only see the following companies within Australia capitalising
on the current Uranium boom by 2010.

They are RIO/ERA with the possible mining of Jabiluka.
BHP with the expansion of its Olympic Dam Mine.
Heathgate/AGS with their expansion.
SXR Uranium One with Honeymoon

Nobody else without a processing plant could be up and running by
2010.
AGS is the only Australian Listed Company within Australia (other
than RIO/ERA or BHP) that can be earning uranium dollars by 2010.
Many experts are tipping Uranium prices to be USD$200lb+ by 2010

When the market wakes up to this glaring fact, AGS will be worth far
more than it is today.

If there is 70,000 tonnes of Uranium at Beverley 4 Mile and there
could be a lot more when the drilling is finished at USD $200/lb
Thats $42Billion in ground value. AGS Share is $10.5B

Make no mistake Heathgate know what they are doing.
They fully understand what is about to happen in the uranium market.
They are doing all they can to get as much out of the ground as
possible as soon as possible. This year they will up production from
1050 tonnes to 1500 tonnes.
 


Pussy, i fink u misread my comment, i neva said AGS is bad share in "long term". 2010 is a couple of yrs till now, and by then if it survives, no doubt it will be higher than now. However a lot of people are short-term trader, by locking their money in one company for over 4 yrs, u need to encouter the opportunity cost and as you know $100 in 2006 does not equal to $100 in 2010.

My question is whether it will go up in days or weeks. If you believe it will rise in that short period of time, i am happy to hear. In other word if you believe the share can continue to rise after it rose like 6-7 in a row, then i am please to hear. Cheers!
 

Yes i do

Nobody wants to be out of this one when the trading halt comes or when the next drilling results are out. JORC by the end of the year is possible

The pattern now is 4 days up, 1 day small pullback, and then up again. But if u wait for another pullback before entering, maybe that will happen after $1+

But im just speculating...
 
Up over 6% this morning already and on no ann. This one is going great!

I must condition myself to the old adage "buy the rumour, sell the fact"
 

Now in the $0.90s......



Perhaps $2.00 isn't that far away.
 
lolz, u might be true kennas. I have been observing this share for a long time, and believe there are some big investors stockpiling this share steadily in a repeating pattern. I believe this is a very good evidence or indication that the potential is seem to be true and the whole matter is a fact not rumour. The other reason that i believe supporting this argument is the amount of time this rise has been continuing which realli reject the possibilities of speculation and rumouring (though there is no 100% in sharemarket).

I've heard rumour that news shall be out by next Monday, which if true price shall realli increase esp. for the last trade tomorrow. The rise today further increase confidence, though the last trade realli disappointed me. IMO price will start low tomorrow around 90-91c which then gradually increase to around $1 be4 a big trade to end the week. . DYOR!
 
Sorry guys but I can't wait to see when this bubble bursts. In my opinion It should be retracing pretty soon... but only after it breaks $1.00 and in about 1-2 months. People are forgetting that they don't mine and and they can't either... But I think AGS is an awesome investment. I wonder how many people are gonna get burnt.
 
insider, i js have to disagree with u here. Base on the current rise under the support of big buyer, it is realli hard to understand why u believe price will go down. On top the rise, there is IMO a lot of support about the coming ann, some time in Sep. Uranium has rised again this week to 48.5 US.

AGS v PDN, these 2 company is very similar and base on the currect project, there is a high chance that AGS will rise like PDN.

AGS v CDU(AUM), once again, base on the currect speculation, AGS prob is going to run like AUM.


IMO i js can't realli see any chance of a decline in the near future. Cheers!
 

lol insider bought your train ticket for AGS on E-Bay the only thing that's going to be burnt is the hole in my pocket when the money starts to roll in and the statement that they can't mine is utter crap oh bty JMHO

cheers laurie
 
The only reason CDU hit $10 back then was the group of stockbrokers who shorted the **** out of it trying to make a killing and got caught. Because of the lack of shares on issue ,were forced to buy everything they could way up. Had it not been for them CDU would probably be $5 sitting very comfortably and no-one would have got their fingers burnt.AGS has got nearly 4 times as many shares as CDU had back then.[which is still not a lot compared to some resourse co.]So, yes it could fly,but availability is much better thus reducing the risk of $1 incrument rises in a day.
 
stockmaster, a few days ago when it was 80 cents you were sending out a negative vibe saying it was going to retrace...

today its hit the 90's in a big way and then retreated on weakness

hardly spruiking material atm


caution and stop losses in place! if your holding...
 
Thoughts for the week guys?
I suffered at the hands of down rampers, and got it at 85c and out at 75c, making a loss
Only then to see it come back next day or so and surpass my original entry price

I hate ramping!!!!
If I see anyone blatantly doing it, esp downramping, wich I think is worst than up, i'll publicise it. (I like this forum for the reason above over say HC, which I do use sometimes, but is full of sharks - ASF is great!)

Anyway, enough of that

What do we see the week ahead as doing?

I am considering getting back on.
But, can anyone help with these simple questions.

  1. Can they mine their uranium - now or down the track
  2. I guess related to Q1, can they build a mine and if so when will it happen
  3. When is the next announcement likely, and what is it likely to contain

Cheers,
Pharoah
 

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1) Yes; they can because beverly-4 is an extension of beverly (one of the already operating 3 mines in aust) and so this explains the hype, they will get to production before all the other local explorers
2) All the infrastructure is in place from Beverly mine which is nearby so the transition from explorer to producer in terms of time and capex should be quicker and less expensive than most.
Well it will still take a few years; coz they still need to come up with a JORC (end of the year), and then do more drilling, and then scoping studies, BFS, so maybe end of 2008 at the earliest??
3) No idea; but its been 4 weeks since the last announcement and every passing day brings us closer

Pharoah u should do proper research before investing. I suggest their website and recent presentation may be a good start.
 
pharaoh said:
Thoughts for the week guys?
  1. Can they mine their uranium - now or down the track
  2. I guess related to Q1, can they build a mine and if so when will it happen
  3. When is the next announcement likely, and what is it likely to contain
Click to expand...

Pharoah

Nizar has answered well ...

Beverley 4 Mile will be mined very easily & very soon. SA government are in support & Beverley already have the license. As mentioned, everything is already in place, & pretty sure it will be the easier ISL process.

As regards the next announcement: Drill results from the new high-grade zone are due out any day.

cheers
 
Some people in this forum didn't like the facts that I brought to the table earlier but If everything is positive for AGS and with the beverly mine opening then AGS may even face A possible take over from BHP I think or whoever is closest.
 
What do people think of todays announcement? Appears ASX didn't like the 'Bowden to review geophysical logs' - which appears more honest than the revised version

market was well spooked before this anyway... although volume cut in once it went under 80 - support at 80?
 
More PFN drilling results out this morning with again proviso they could be reviewed after geophysical logs reviewed

3.0 metres grading 2.11% pU3O8
9.0 metres grading 0.62% pU3O8
6.5 metres grading 0.82% pU3O8
9.0 metres grading 0.53% pU3O8
5.0 metres grading 0.86% pU3O8
3.0 metres grading 1.35% pU3O8
 
I'm pretty well sure they'll be reviewed - the diamond core is the only way they'll get an accurate count on what they've got. They're using PFN logging - sensitive too lots of factors & they're taking pains to leave a v.big back door open incase later assays come back to bite them; not to mention they're using a rotary mud rig, and unless the hole is washed down thoroughly, even the mud might register (potentially radiogenic material bound in with the clays etc). Having said that, 2%+ is pretty spectacular...
 
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