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AGS - Alliance Resources

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chicken said:
As I understand...because they are sitting on a hugh deposit...larger than PDN in Africa....a mine will be established...not as what you posted....
Click to expand...

It's as I posted a Leaching Process which is what is there NOW they will just extend the pipe from the existing site to the 4 Mile site

cheers laurie
 
A bit of action occurring around AGS again. A couple of solid days behind it after finding support at $0.70. Might be heading up again...
 

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Didn't pick any up around $0.70.

Looks like it's running again.
 

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Got a bit winky about AGS back in August and sold 11k parcel for 64% profit.

Now patting self on back for retaining 12k and hanging in for next thrust upwards
 
last 2 days have again seen very solid buying near the close...perhaps there are drill results coming up again in the next week based on previous announcements.

Great thing about this stock, every time it retraces a little there is clearly plenty of buying to accumulate more, I think there is very smart money in this, look at how strongly it rebounded when it dropped back to low 60s. Plenty more upside yet, how much who knows until we get JORC compliant resource, but certainly double or treble within 12 months if they continue to deliver the drill results.

And unlike any number of other U hopefuls, they will be able to produce within 3 years. If they get to that stage it could be five fold or more the current price (but there are a few hurdles to clear before then).
 
AGS got a ann. to ASX than disgarded it, what's the reason ?
Maybe drilling results ?
Any suggestion ?
 
Can anyone comment on whether ags is coming up to a double top @ 0.955 and maybe fall back to 0.89 support of further still around 0.86 in the coming weeks.

Feedback appreciated on my charts, where It could improve.
Thanks
SevenFX
 

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It's only a double top if it actual 'tops'. Perhaps it'll push through?
 
Looks Like it's gonna hit $1, but struggles there, of course.

Tis Kinda a SPECIAL OCCASION....
 
massive buying.
Maybe drilling news come out ?
Yesterday it discards an ann., maybe just to justify the resource reserve or grade ?
 
I sold all at $0.80.....

Good luck to those still holding. Takeover spec in the Fin this am.

This could still do anything...
 
I watched AGS from 40c, havn't buy until 91.5c( the highest price ) , and later it down and I bought it again at 85c.
According to wave theory, AGS just got the third wave which is the strongest.
I can see it up to 1.2$ at present, maybe 1.6$ further.
Any opp. ?
 
kennas said:
I sold all at $0.80.....

Good luck to those still holding. Takeover spec in the Fin this am.

This could still do anything...
Click to expand...

Kennas mate did you make a profit? if so well done at the end of the day that's what it's all about hindsight is a great thing what would you say if it fell back to .70c after you sold! there are other fish in the ocean to catch go to it young man

cheers laurie
 
Interesting time for AGS.

Speculation of takeover by JV partner, more Beverley 4 Mile results in the wings, chart looking like it could be double topping (bearish), or could form a cup and handle (bullish).....
 

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Yes Laurie. Bought around $0.15.
 
Anyone noticing AGS making another attempt to push through? currently at 94c...still early!
 
Posted this on Breakouts but should be here too.

Broken up through $1.00 on volume from a nice cup and handle pattern. Needs to hold up here end of day and tomorrow for confirmation, but could really jump from here. Target $1.28 (distance from bottom of cup to rim)

It could be just responding to the general market sentiment towards U stocks past 3 days too.

I'm back in. Picked up a few at $1.01.

Chart looks good for the minute but I'm wary of another pull back. Should be limited now though I think.
 

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Definite cup and handle material here. Holding at $1.00. Looks set to burst. Will be interesting to see if this pattern is confirmed with breakout.

(I wonder if T/A really works? I suppose this will be a time when it doesn't since I'm making the call. All probabilities still... )
 

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Just a caution with your chart kennas is the MACD divergance could also be a third wave div too forming. porkpie
 
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