AGY - Argosy Minerals
- Thread starter sydneysider
- Start date
-
- Tags
- agy argosy minerals
- Joined
- 14 April 2007
- Posts
- 158
- Reactions
- 0
zzzdad,
This is the second time they have come in...He only arrived on Saturday 2 days ago. THe peace was brokered earlier but was broken. The post that you refer to was the original deal prior to Argosy sending ppl over for the meeting
Semper Ubi Sub Ubi
This is the second time they have come in...He only arrived on Saturday 2 days ago. THe peace was brokered earlier but was broken. The post that you refer to was the original deal prior to Argosy sending ppl over for the meeting
Semper Ubi Sub Ubi
- Joined
- 27 April 2006
- Posts
- 1,109
- Reactions
- 4
if they succeed in keeping peace long enough to launch a JV price will rocket, HOWEVER if peace deals break down people will lose all their money, ALL of their money, if it drops from $1 back to sub 10 cents, that may as well be all
- Joined
- 19 April 2007
- Posts
- 5
- Reactions
- 0
Just noticed myself increased buying in the last hour ... .. up 15 cents ..
Hopefully something coming down the news pipeline.
Hopefully something coming down the news pipeline.
Definatly something in the air, gone into a trading halt. Judging by the increase in volume and price its going to be good news. Who knows though. Fingers crossed.
ppl have said teh same thing abt this one last time, there is no news of the directors going into the country again, dunno what the good news is gonna be? may be a JV?
Was thinking that possibly they are going to announce that they have opened there office up in burrundi to establish presence again. There is a list of things that has to occur which the announcement may contain answers to any of the following;
"In order for the Registrant to complete the current stage of the development of the Burundi Nickel Project there must be a sustained return to political stability and security following which, it must undertake various steps, including the following:
i. secure a commitment from a financial and/or technical joint venture partner;
ii. establish the PGM potential at Musongati;
iii. complete the feasibility study;
iv. obtain any necessary approvals and permits required in order to operate the nickel processing facility;
v. acquire the right to lands on which the nickel and cobalt processing facility and associated infrastructure will be constructed; and
vi. create a Burundian company to be owned 85% by the Registrant and 15% by the government of Burundi.
Once the Registrant completes these steps in its current stage of activity, and if the results of the feasibility study are positive, the second stage in the development of the Burundi Nickel Project which the Registrant must undertake is to obtain project financing to raise the funds necessary to be able to acquire the land and construct the processing facilities. The third and final stage in the development of the Burundi Nickel Project would be the construction and commissioning of the processing facilities. There can be no assurance that any of the preceding steps will be completed to allow for the Burundi Nickel Project to move forward.
9:10am 23/5/07
agy has agree to issue a non-brokered private placement of 3200000 shares at 95cents ($3,040,000) to institutional investors, subject to regulatory approval. the money will be used for working capital to advance agy activities in burundi, lac panache & fish creek projects in sunbury, ontario.
Not bad news. Institutional guys have locked in now at 95cents. This should set a new base for sp growth!
agy has agree to issue a non-brokered private placement of 3200000 shares at 95cents ($3,040,000) to institutional investors, subject to regulatory approval. the money will be used for working capital to advance agy activities in burundi, lac panache & fish creek projects in sunbury, ontario.
Not bad news. Institutional guys have locked in now at 95cents. This should set a new base for sp growth!
Burundi rebels rejoin ceasefire team in peace boost
BUJUMBURA, May 28 (Reuters) - Burundi's last remaining rebel group gave a boost to peace prospects in the tiny central African nation on Monday by returning to a team monitoring a truce after hearing reassurances its grievances would be heard.
This is the sort of thing that this share has been waiting for. Very good news!
http://www.alertnet.org/thenews/newsdesk/L28326101.htm
I would expect the price would react well to this.
BUJUMBURA, May 28 (Reuters) - Burundi's last remaining rebel group gave a boost to peace prospects in the tiny central African nation on Monday by returning to a team monitoring a truce after hearing reassurances its grievances would be heard.
This is the sort of thing that this share has been waiting for. Very good news!
http://www.alertnet.org/thenews/newsdesk/L28326101.htm
I would expect the price would react well to this.
Sydneysider - You started this thread, and I know you have moved on to other stocks, but still hold a core position. What do you think of the past few days price action? Despite the lousy management, they do sit on a huge resource (we presume). Has anything changed in your mind? Always value your input.
- Joined
- 14 April 2007
- Posts
- 158
- Reactions
- 0
TRADING HALT..... good news I hope have scanned the local Burundi newspaper but no mention lets hope its a matter of go ahead if so this SP will skyrocket to the delight of those who hung on when it looked bad
SEMPER UBI SUB UBI
SEMPER UBI SUB UBI
I still think it will take time before they get the go ahead. Most likely it will be about the canadian project or that they have set up office again in burundi. The more time goes by the better and better the chances of this one are. Wouldn't get to excited at this stage, but looking better and better.
I've been scanning papers for a while now. The situation has settled. rebels & gov are in talks again. As said the announcement will probably be that they have opened up office again in burundi. That said i'll still hope for more. I find the way they release just small announcements by way of trading halt annoying!
- Joined
- 22 September 2006
- Posts
- 435
- Reactions
- 0
Took a while to answer this post but I was away enjoying Daytona Beach with my young daughter for Fathers Day (plus a bunch of fine sunny days).
I traded this one multiple times from 33 cents up to a dollar and a few cents. I am completely out of the stock at this stage. I found their office totally unresponsive to several requests for historical and other "public domain" information about their Burundi project. IMHO they are a very small company and I have no objective way of measuring their capability to "perform". They have a recent history of projects that did not pan out succesfully. At +$1.00 the stock no longer has the same appeal as it did at 33 cents when it was in a euphoric rush. I have no way of measuring country risk and decided to quit. This is an "all or nothing" stock at the moment and one that may drag on for some time or explode tomorrow, no-one knows. Good luck to the remaining longs.
Thanks Syd and good luck with your other stocks. ERN especially looks intriguing. I'm going to stick with AGY for awhile (no choice, there is a trading halt
) I have no doubt that they have no way of developing this themselves, but hope they are smart enough to negotiate some kind of extension and then selloff of Andover or complete takeover.I'll look for your posts on other stocks with interest. Again, good luck.
