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ALY - Alchemy Resources

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Kylastar

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I have been offered an allocation through Novus Capital. Has anybody any thoughts re this IPO?
 
Re: ALY - Alchemy Resources IPO

Anyone following this ? Some big increases this morning..
Worth taking a look perhaps.. highest price today 50c and now back down.. still breaking out 100% ..
 
Re: ALY - Alchemy Resources IPO

"Two High Grade Zones Discovered at Hermes Gold Project"

I have jumped in for a trade at 27c will see what happens.. bit concerned that when searching on the ASF the two threads that come up are ALY and Opes Prime.. but anyway.. lets see what happens..
 
Re: ALY - Alchemy Resources Trading Halt

Should be an interesting day for this ALY tomorrow coming out a trading halt......something about a capital raising???????

Anyone got any ideas???

Cheers
 
up 10.87% not suprising

ALY today rose 10.87% not suprising :

Code Bid Offer Last Change* % Change* Open High Low Volume Trades Value News
ALY 0.250 0.255 0.255 +0.025 10.87 0.230 0.265 0.225 1,184,312 60 300,248
I would assume that buyers are getting ready for forthcoming drill results...........

Any other thoughts on this stock?
 
Re: up 10.87% not suprising

Yes Gamefisherman, upcoming drill results seem to be creating a lot of interest. Its very encouraging to see good buying volumes follow the share price up. Total current buy volume is almost 3 million, of which over 2.7 million is at or above 20c. This together with only just over 0.5 million shares sitting on the sell side between 25-30c. I think ALY has good potential to rise further in the near term future.

 
18 September 2009

INITIAL RESULTS OF FIELD EXPLORATION PROGRAM
AT THREE RIVERS TENEMENTS

HIGHLIGHTS

● Encouraging further prospectivity arising from recent field mapping
● Drilling to commence at Hermes Gold Project within 3 weeks
● Exploration program to commence on Narracoota Formation identified within
Alchemy acreage, adjacent to Sandfire Resources NL’s tenements
● Exploration program fully funded following completion of $2.5 million placement
● Native Title extinguished over Three Rivers tenements


The above info is from announcement....

18/09/2009 9:44AM 5 Initial Results of Field Exploration
Program at Three Rivers

Since this Announcement ALY has increased in both volume and price ranging from 0.52 cents on 18/09/09 to a close of 0.73 on 25/09/09. An increase of almost 50%.

With only 46,489,500 shares on issue and the proximity to Sandfire Energy butting onto the east of their current exploration, the outcome looks potentially positive. Alchemy is releasing the results of their current exploration in the next week.

Disc: currently holding from 0.23 cents.

DYOR
 
ALYossibly the best performing stock this year? from 1 cent to 1.16 dollar(as of today) in just 3 months without any significant development......or is this just another gold bubble stock?

any thoughts???
 
gagaga said:
ALYossibly the best performing stock this year? from 1 cent to 1.16 dollar(as of today) in just 3 months without any significant development......or is this just another gold bubble stock?

any thoughts???
Click to expand...

Is there possibly dangerous ground ahead with a head and shoulders formation playing out? As a holder I would absolutely hate to see this take place.

See chart below.
 

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I don't know about the technicals, but the news flow is good (esp the last couple of days, which is why I got in), and I expect more when they delineate the extent of Sandfires EM targets and get some early drill results.

Today's 15% jump was very positive and I think they will easily break through their highs again on the back of EM and drill results (and any positive SFR news).
 

But how long can I wait for those results?

Anyone else wating this one out? No real news flow from the area, although ALY's drill results were good but no stock reaction. Hoping we're just going through slow news days and consolidation of prices, as all the indications are still good (un;less the technical guys out there see a head and shoulders or similar)....
 
Al last - yippee!

Magnus airborne VMET survey shows 10 additional conductors (which makes 13 total for ALY, compared to SFRs 17)!

Exellent news, and await more detailed analysis of the tagets and drilling prioritisation with baited breath.

Combined with the hermes gold intersects, these copper gold prospects mean I'll stay in for the long haul.

I expect to see a quick bounce with a higher support level longer term now.

I still see this area as ripe for consolidation and sharing of costs, so hopefully all the owners are talking and aligning their plans at the least.
 
increased interest in aly today with the impending release of drill results from the vtem targets down strike of sfrs doolgunna discovery
 
Price spike today from .39 to 0.455.

Any ideas why? No news that I can see. Pump and dump?

Naturally I sold this morning at .39 after holding for a year thinking that it would continue its downward run.
 
ALY today broke through and closed above the 0.56-0.57 ceiling it bumped up against four times in the past six months. I'm taking that as a positive sign. It closed at 0.595 (up 0.055 for the day).
 

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Company announcement today regarding promising gold anomoly. Can anyone explain if this is significant?

Chart looks great. Got in at 56c and hoping this news will lead to a further jump in SP. Rise to 80c today but back down to 74c.
 

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1-for-3 Rights issue announced

Are there any holders around? Long-suffering ones? New entrants like me? What's the opinion?

fwiw, these are my current thoughts:

Assuming I hold and intend to keep a few - either because I "believe" in them or simply speculate they might get back up to where they traded a couple of years ago.
Now, if I don't want to increase my exposure by a third, this is what I'll do:

  • I work out, how much "risk capital" I'm willing to keep in this particular stock.
  • For simplicity's sake, assume it's about as much as I'm currently holding.
  • Sell a quarter of that before the ex-rights date. Today, that nets around 14.5-15c.
  • Wait for the rights to be allocated. As I'm then down to 3/4 of my original holding, 1-for-3 will mean I can retrieve the quarter I sold for 13c - if the sp hasn't dropped BELOW 13c by then.
  • minimum gain 1.5 - 2c, depending on result of my cum-rights sale.
 
Alchemy Resources down almost 20% today to 1.7c after reporting disappointing drilling results at the company's Karonie project in the Eastern Goldfields, WA.

This is the second set of drilling results from Karonie. The previous results were announced on 30 October last year and were equally as disappointing, resulting in a similar share price decline.

Karonie appears to be a dud.
 
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