ANL - Amani Gold

[nizar]

I invest in companies that I believe are undervalued which in itself limits the downside price movement. Secondly, depending on the price movements I may chose to exit the stock for whatever reason but its a decision i make based on the facts at the time & using my intelligence, not some arbitrary price limit.


IMO if you have access to a computer whenever you need it, and you're investing fundamentally, theres no rational reason to use a stop loss (provided you arent levered). If you're convinced that the average market participant is smarter than you at analysis, and thus the markets views in the price of a microcap falling x% outweights any fundamental analysis you have conducted on the company, then you should not be investing.

Yeh thats fair enough.
But surely you've seen cheap companies become even cheaper?

Each to their own. I mean as long as your method works for you then its all good.

I only start uses stops after what happened to me in May!
I got taken to the f%$&en cleaners!!

 

[Nicks]

Just a mischievous comment on my part, no hint of paranoia. I've been in this business for 28 years and I've probably outlasted many a share trader. I can read between the lines of much of what is written on this forum. I for one think that YT does a great job along with Kennas & Co. and its good of him to clearly state his positions. I don't think he's paranoid either.
DYOR

Agreed. YT does a great job. I always read his posts with interest and he often provides me with valuable info and responses to questions. Should have followed his lead and bought into MTN when he was promoting it some 10 months back.

 

[greggy]

Agreed. YT does a great job. I always read his posts with interest and he often provides me with valuable info and responses to questions. Should have followed his lead and bought into MTN when he was promoting it some 10 months back.

Considering that his opinion is free of charge, maybe we should put some money together and send him a case of VB.
P.S. I don't hold any shares in Foster's.

 

[stoxclimber]

Yeh thats fair enough.
But surely you've seen cheap companies become even cheaper?

Each to their own. I mean as long as your method works for you then its all good.

I only start uses stops after what happened to me in May!
I got taken to the f%$&en cleaners!!

Sure it happens all the time...personally i like to look for companies with some upward momentum in the price but yet still undervalued (although this isnt fundamental)..

i just disagree with the entire idea of a fixed stop loss..as we know from finance options are valuable - so while i dont object to one selling because a stock has fallen i disagree with a fixed stop loss where the investor doesnt consider the circumstances at the time (i.e. maintains their option to sell/not sell)

 

[greggy]

Sure it happens all the time...personally i like to look for companies with some upward momentum in the price but yet still undervalued (although this isnt fundamental)..

i just disagree with the entire idea of a fixed stop loss..as we know from finance options are valuable - so while i dont object to one selling because a stock has fallen i disagree with a fixed stop loss where the investor doesnt consider the circumstances at the time (i.e. maintains their option to sell/not sell)

Hi Stoxclimber,

I too look for overlooked companies (this morning I bought HCY for its uranium potential) with some upward momentum in the share price. With so many companies listed you can still find many that have been mispriced. I stopped using a fixed stop loss after selling WMT last year when it was around the 2c mark (a 15% loss). I had 1 million of them and they were around 16c when I last checked. I can embarass myself with other examples, but will leave it for another afternoon! So instead of a fixed stop loss I now re-evaluate a stock when it has fallen.
DYOR

 

[nomore4s]

Considering that his opinion is free of charge, maybe we should put some money together and send him a case of VB.
P.S. I don't hold any shares in Foster's.

LOL - A pallet is probably more fitting for the time & effort he puts in, and the info he passes on.

 

[CanOz]

Sure it happens all the time...personally i like to look for companies with some upward momentum in the price but yet still undervalued (although this isnt fundamental)..

i just disagree with the entire idea of a fixed stop loss..as we know from finance options are valuable - so while i dont object to one selling because a stock has fallen i disagree with a fixed stop loss where the investor doesnt consider the circumstances at the time (i.e. maintains their option to sell/not sell)

I see your point Stox, i just don't trade that way. I put a stop loss firmly in place at technical support.

If i was going to be in front of the screen 100% of each trading session i may only write down the stop loss, and not actually use a conditional order. But i would still stick to my game plan and sell if it hit the target.

With BYR i've allowed a bit more room for price swings as its so thinly held right now.

I may get stopped out, i may not.

Good luck with your method.

Cheers,

 

[greggy]

I see your point Stox, i just don't trade that way. I put a stop loss firmly in place at technical support.

If i was going to be in front of the screen 100% of each trading session i may only write down the stop loss, and not actually use a conditional order. But i would still stick to my game plan and sell if it hit the target.

With BYR i've allowed a bit more room for price swings as its so thinly held right now.

I may get stopped out, i may not.

Good luck with your method.

Cheers,

Each to their own methods. In the end what counts is the bottomline result at the end of the FY.

 

[phar cough]

Ann out for BYR !

 

[CanOz]

Ann out for BYR !

Someone want to give me an exec summary on that?

 

[powerkoala]

low grade?

 

[falconx]

low grade?

This was already known, it will still be proffitable because production and startup costs will be low.
The results seem positive although I don't have much to compare them to. Would like to hear other members opinions on it.

 

[bigt]

I think BYR could have done a better job at representing the results...perhaps a summary statement of the better intersections / average grade / width etc...there looks like some good results amongst the 90, 30-40m at 1 - 1.5g/t..which is what we expected. Keen to see the markets reaction though.

As has been mentioned previously, the real driver will be the rights issue and, to a lesser extent, the uranium tenements.

Positive report tho IMO, then again I'm a biased holder!

 

[skegsi]

Well at Mansounia the target deposit is 4kms long by about 1-1.5kms wide,
previous drilling has indicated that the gold is low garde ie Avg 1g/t Au - 1.5g/t Au, but is at times near surface and is up to 60m thick avg probably 20m

So 4000m x 1000m x 20m (using lower avgs) = 80M cubic Metres of Dirt grading 1 - 1.5g/t Au

I'll assume that 1 cubic Metre containing gold = 2 Tonnes

So 160Mt @ 1g/t Au (To use lower grade ore) = 5.7Moz's

The Avg EV for gold plays is $25 oz so Project Worth $145m based on those EV figures = $3 BYR (using 45m shares currently on issue)

Thats still Freaking huge![/B]

Table 1 from the ann shows the more significant intercepts. I pulled the table into excel and it gives an average g/t of AU of 1.1g. That's only the significant intercepts, so lets say minimum of 0.8g/t.

Working with some of your previous figures YT:
160Mt @ 0.8g/t Au = 4.5Moz's
Project worth = $113mill
70% stake = $1.75 BYR

I've uploaded the excel sheet if anyone wants

I thought this was also interesting:

Elsewhere on the property, similarly aligned structures and magnetic domain geometries are recognised but have yet to be tested by Burey. Of particular interest is the area where one such domain appears to have been peripherally validated by substantive artisanal workings (Sinkalimba Creek) but where direct
testing has previously been precluded by a substantial cover of massive laterite curasse.

and the fact that they stated their longer term objective remains the preparation of a bankable feasibility study for the development of a commercial heap leach operation. Which lends itself to thinking that this was, at the least, what they were expecting from the results.

Bring on rights issue and uranium announcements

 

[Beethoven]

Table 1 from the ann shows the more significant intercepts. I pulled the table into excel and it gives an average g/t of AU of 1.1g. That's only the significant intercepts, so lets say minimum of 0.8g/t.

Working with some of your previous figures YT:
160Mt @ 0.8g/t Au = 4.5Moz's
Project worth = $113mill
70% stake = $1.75 BYR

I've uploaded the excel sheet if anyone wants

I thought this was also interesting:



and the fact that they stated their longer term objective remains the preparation of a bankable feasibility study for the development of a commercial heap leach operation. Which lends itself to thinking that this was, at the least, what they were expecting from the results.

Bring on rights issue and uranium announcements

Hi skegski,

i was wondering if you calculated the avg grade of gold correctly. There are some lower grades with bigger depth then others. I'm not sure if you can just add up the grades and divide by the results like the way you did. However i agree that the grades are low but their massive land that they have is making up for it especially with the low costs of open pit mining. I might buy in tomorrow morning

 

[skegsi]

I was wondering if I was doing it a bit too simply. Do you think .8g/t is too optimistic?
Cheers

 

[nomore4s]

Drill results enhance potential to develop Project as an open pit, heap leach operation.

Significantly, Burey’s drilling results verify the concept and presence of a NNE trend to the primary
gold mineralization on the Mansounia property and furthermore, that it extends along the entire
1,500 metres of structure tested by Burey, including the northern 800m, not previously drill tested.Mineralization is not equally well developed throughout, but continues nonetheless, up to the
property boundary with the Jean-Gobelle gold mine operated by Semafo Inc., whose pant-ste is
located a mere 1.9km from and in sight of Burey’s northernmost drill fence.

The geometry of the primary gold mineralization
source is not inconsistent with the recognized setting of primary gold mineralization exploited in
Semafo’s neighboring Jean-Gobelle gold mine.

mmm, looks pretty positive, a fair bit of good news that confirms alot of speculation dicussed on this thread already.
Now we'll have to see what the market thinks of the results. Hopefully people weren't expecting more, but with the upcoming options this baby's looking good.

 

[stoxclimber]

We always knew it was low grade and I don't think anyones suprised by it. The only question for me is how big is the deposit (i cant work this out from the annoucement) and also is it going to be economical to extract.

Sure, BYR is not going to be the next BHP on a low grade mine, but with a ~10m market cap it doesnt take much profit to generate substantial returns to shareholders.

I'm more excited about the options and the uranium leases but an economical gold mine would be an added plus

 

[nomore4s]

I thought this was also interesting:
Elsewhere on the property, similarly aligned structures and magnetic domain geometries are recognised but have yet to be tested by Burey. Of particular interest is the area where one such domain appears to have been peripherally validated by substantive artisanal workings (Sinkalimba Creek) but where direct
testing has previously been precluded by a substantial cover of massive laterite curasse.

And this could be a bonus.

 

[mobcat]

Hi guys if u like byr have a look @erl very similar stock in some ways drill ann out today as well could be a double header im on both and loveing it all news is good news at the moment