AND - Andean Resources

[Taurisk]

This one has been in my radar for about a month now. Haven't had a chance to have a good look at it yet. Money magazine recommended buying it at 19 cents!

I've got it on my to do list

Hi

This recommendation must be 2 years old -last sale today @ 1.70! In a sea of red AND added 0.06 today, that's a 3.35% increase.

cheers

Taurisk

I don't hold

 

[adobee]

ANDEAN REPORTS 21M OF 49 G/T GOLD EQUIVALENT AT EUREKA WEST • EDD-749 drilled 50m to the west of Phase 3 drilling intersects 21m of 32.3 g/t gold and 904 g/t silver, or 21m of 49 g/t gold equivalent (assuming 55:1 Ag:Au ratio) • EDD-748 drilled 50m to the west of Phase 3 drilling intersects two intersections of 15m of 10.5 g/t gold and 95 g/t silver plus 8m of 32.4 g/t gold and 570 g/t silver • Infill drilling continues to produce higher grades at Eureka West than was previously modelled • Additional step-out drilling to the west awaiting assays

 

[adobee]

ANDEAN has broken through $2.10 this morning reaching its newest high.. There is significant shares being bought up to about 1 million so far (significant compared to the usual 200k per day) no announcements out however someone must be keen to get in.. There did look to be a fair amout of resistance at $2 which is now gone..

The question is do I by more at an all time high thinking something great may be coming or do I just watch ....

 

[grace]

ANDEAN has broken through $2.10 this morning reaching its newest high.. There is significant shares being bought up to about 1 million so far (significant compared to the usual 200k per day) no announcements out however someone must be keen to get in.. There did look to be a fair amout of resistance at $2 which is now gone..

The question is do I by more at an all time high thinking something great may be coming or do I just watch ....

At least you still hold some....can't believe I had them at around 40c earlier this year and took a 10% profit......

 

[adobee]

ANDEAN MENTIONED IN THE FINANCIAL REVIEW YESTERDAY AS A POSSIBLE TAKE OVER TARGET FOR 2008 ALONG WITH ZINIFEX, ATLAS IRON AND A COUPLE OF OTHER COMPANIES..

 

[grace]

ANDEAN MENTIONED IN THE FINANCIAL REVIEW YESTERDAY AS A POSSIBLE TAKE OVER TARGET FOR 2008 ALONG WITH ZINIFEX, ATLAS IRON AND A COUPLE OF OTHER COMPANIES..

Would you mind putting the full list in the thread devoted is ASF for takeover targets for 2008 (from analysts viewpoint). Thanks

 

[adobee]

Would you mind putting the full list in the thread devoted is ASF for takeover targets for 2008 (from analysts viewpoint). Thanks

If yesterdays fin is still at home I will do it tomorrow.. Generally anything left out is in the bin by today..

 

[adobee]

ANDEAN is down significantly (as are all stocks) however the volume has only been relatively small over the past days.. Can anyone give me an idea of what they think this means and the effect on the potenial rebound if the market turns around ?

 

[Goldmann]

The whole market is down!!! AND has copped it like most of the speccie producers... a 25% write down seems normal for those speccies with DIO, AXT, VRE all getting hammered!

I finally bought some AND today at 1.32. Had been looking to get in at nearly $2 around Xmas... I know there will likely be more short term pain, but in the long term I think it will be a good buy.

 

[explod]

ANDEAN is down significantly (as are all stocks) however the volume has only been relatively small over the past days.. Can anyone give me an idea of what they think this means and the effect on the potenial rebound if the market turns around ?

With the volume low those who hold are happy to do so. A few spooked by the market is to be expected. The ones to worry about are those going down on very large volume, speculators who got in with limited knowledge. Those in Andean know they have something special.

AND no worries.

 

[adobee]

ANDEAN AND ATLAS are the only two stocks I havent sold out off. I have continued to pick up andean all the way down, the fact that its reasonable tightly held is keeping me confident on this one.. I look forward to a resource update in the first quarter of 08 and the PFS in third quarter.. and my new boat in the fourth!!

 

[adobee]

Can anyone tell me what the recent announcement for ANDEAN says, there is a announcement sign showing on my comsec but I cant bring anything up which isnt after the 10th ? I cant find anything on ASX or ANDEAN website either ?? (Its probably nothing but I would still like to know asap!!!)

 

[adobee]

Thanks for the rush of help ... Ive got it now :

ANDEAN DRILLS 18M OF 67.7 G/T GOLD AND 1207 G/T SILVER AT EUREKA WEST
• Positive infill drilling in Eureka West resource including ERC-764 with 18m of 67.7 g/t gold and 1207 g/t silver • Multiple step-out holes intersected high grades including EDD-765 with 17m of 37.3 g/t gold and 1041 g/t silver • ERC-767 and EDD-753 extend Eureka West a further 100m with high grades • Andean on schedule to complete new interim resource estimate in Q1 ’08 • Exploration drilling continues with 3 drill rigs at Eureka

 

[adobee]

Andean and Micon are currently preparing an updated Eureka West resource estimate which will incorporate the drilling completed up to and including this release. This revised resource estimate will form the basis for the Pre-Feasibility Study mineplans. It is expected that the results of the updated NI 43-101 compliant resource estimate will be released in March 2008.

 

[Goldmann]

The whole market is down!!! AND has copped it like most of the speccie producers... a 25% write down seems normal for those speccies with DIO, AXT, VRE all getting hammered!

I finally bought some AND today at 1.32. Had been looking to get in at nearly $2 around Xmas... I know there will likely be more short term pain, but in the long term I think it will be a good buy.

yeah more good news! and more to come!

my 1.32 purchase less than two weeks ago is certainly making me smile!

 

[adobee]

Andean noted in the Saturday 9th Feb Financial Review along with Oxiana and a few others as top five take over targets for 2008

 

[adobee]

ANDEAN EXTENDS EUREKA WEST WITH 14M OF
18.6 G/T GOLD AND 159 G/T SILVER
• Eureka West Vein extended by a further 50m to the west with
drill-hole ERC-812 assaying 18.6 g/t gold and 159 g/t silver
over 14m
• Eureka West Vein is now at least 700m long with an estimated
average true width of about 8 to 10m containing high grades
in gold and silver
• High-grade infill drilling confirming continuity of
mineralization at Eureka West
• Andean on schedule to complete new interim resource
estimate at Eureka West deposit in Q1 ’08
• Infill drilling complete and 3 drill rigs now focused on finding
new mineralization


Lets hope someone makes a takeover move soon.. all my other take over targets seem to have fallen over ..

 

[adobee]

Andean has arranged $42.7m capital at $1.65 per share.
This seems quite positive I was actually thinking it would be a lower amount.. I am relieved to think that some other people think it is worth having shares at this price at least!

 

[adobee]

With further turmoil for financials and a strong potential for gold to head back towards $1000 I am picking up more AND at the current level $1.60.. I wouldnt be surprised in a take over attempt shortly.. lower price.. shareholders a bit more sceptical as there dream upwards only run begins to change and feel some volatility..

 

[adobee]

Perth Australia, April 17th, 2008 – Andean Resources Ltd (ASX:AND; TSX:AND) reports an updated mineral resource estimate for the Eureka West Veins including the following highlights: • Infill drilling confirms continuity of the high gold and silver grades • Gold and silver grades more than doubled from the previous October 2007 resource estimate • Total mineral resource tonnage up 15% from the prior estimate • More than 1 million ounces of gold and 18 million ounces of silver; with grades of 12.9 g/t gold and 235 g/t silver in the Indicated category