ANL - Amani Gold

[stoxclimber]

Its only a bargain of the century if it goes up in price. At the moment after all the hype and results have been realeased its a disappointing stock.....

Yes, the price performance has been very dissapointing. However, realistically do you think that BYR has gone down primarily because the exploration results were bad, or primarily because of the correction (which, lets not forget, occured on the very day when the market could first trade the exploration results). Sure, if the exploration results were fantastic there would be enough buy depth to snap up all the little guys selling into it, but I think its hard to say that the stock has fallen because of bad results.

p.s. the little fellas get knocked off first when there is trouble afoot.

Really? I would personally think that the little guys would be a) less informed b) more inclined to panic (look at all the ASF threads calling the next recession!). IMO the little guys have chased the buy depth down and there haven't been any big buyers chasing it back up.

 

[YOUNG_TRADER]

I actually have been getting the feeling that the stock is being capped for accumulation,

There were 2 200k orders yesterday, @ 28.5c and 30c, they both were pulled just before,

Also on the open there's alway a samll 10k parcel sold to open low, immediately after a large 100k buy will pop up above the open price and will soak up sellers


I could just be reading into stuff but thats how it looks to me

 

[Absolutely]

YT I just came on to comment that I was seeing something along the same lines but you beat me to it.

 

[bigt]

I am not fluent in the technical aspects of trading yet, but does the fact that the 3 trades today are XT mean anything? i.e substantiate the capping theory?

 

[nvox]

Small Announcement out 02/03/2007

COMPLETION OF ESCROW PERIOD
Burey Gold Limited advises that 150,000 ordinary shares (BYR) will be released from ASX escrow conditions on 16th march 2007.

 

[YOUNG_TRADER]

Be interesting to see what effect if any rights issue ann has on SP when ann, I was just thinking its such a shame that BYRs' gold ann didn't come out say 1 week prior to correction, as well as rights issue ann, I think Sp would have easily been high 30's low 40's,

IMO BYR suffered a double whammy in that it was already falling from impatient punters bailing and the day they finally release the results the mkts suffer the worst drop in 6yrs, very very bad timing

Just goes to show all the fundamental analysis in the world can't save a company from mkt forces

 

[deftfear]

As the current sp is so close to what the issue price is I'm not sure it will do that much. SHE made a similar announcment on Friday, 1 for 2 bonus options exercisable at 25 cents with it's stock price around 45-48 cents and the price barely moved.

 

[Gundini]

Can one of you guys do an old bloke a favour and sell 10K of your parcel @ .225? Been waiting for ages!

Not a big mover this, ZERO volume, falling asleep here...

 

[Gundini]

Can one of you guys do an old bloke a favour and sell 10K of your parcel @ .225? Been waiting for ages!

Not a big mover this, ZERO volume, falling asleep here...

Thanks guys, very kind.... Will return the favour sometime....

 

[stoxclimber]

Isnt this option rights annoucement due quite soon? Should be interesting to see how it affects the price...the options arent worth as much as they were back when BYR was ~30c but seeing the runup on other shares with rights issues it could get interesting for BYR

 

[YOUNG_TRADER]

Lemmings!

 

[bigt]

Well I for one am buying at these prices, what a disgrace people selling to below issue price..and so much on the near term calendar.

Question is, when is the right time for BYR to release their anns...I could certainly do with one now!

 

[Gundini]

Lemmings!

To whom do you refer Lemmings YOUNG_TRADER ?

Suicide myth
While many people believe that lemmings commit mass suicide when they migrate, this is not actually the case. Lemmings will often migrate in large groups and as a result some lemmings will occasionally be pushed off cliffs or drowned in bodies of water simply by the press of their compatriots but such deaths are unintentional and incidental. The myth of lemming mass suicide is long-standing and was popularized in the United States by a Disney documentary White Wilderness which includes footage of lemmings running head-long over a ledge. However, subsequent research has shown that the filmmakers contrived this scene

 

[LifeisShort]

Isnt this option rights annoucement due quite soon? Should be interesting to see how it affects the price...the options arent worth as much as they were back when BYR was ~30c but seeing the runup on other shares with rights issues it could get interesting for BYR

If thats the only thing you are counting on for price rise in this company perhaps we all need to reassess. Everyone is bleeding...even those who subscribed originally. I realise that most spec companies are bleeding at the moment my only question is....are there better options at this point in time to invest your hard earned cash....Is BYR that promising??? Youngtrader did a great job in selling the story to everyone but timing is everything on specs so good luck to all holders

 

[happytown]

The myth of lemming mass suicide is long-standing and was popularized in the United States by a Disney documentary White Wilderness which includes footage of lemmings running head-long over a ledge. However, subsequent research has shown that the filmmakers contrived this scene

Indeed, Gundini

i believe it was jello that once screeched

'when lemmings balk at dying for disney
they're hurled off the cliff'

current market conditions favour the brave

perhaps byr have not hit a rich enough vein of courage to warrant an ann

cheers

 

[YOUNG_TRADER]

Has fallen around 50% from where we were getting in,

The results from Masounia have only strengthened fundamentals of BYR,

The Uranium Report should be done by End March, with the U conference in April I expect another U-Phoria

We'll just have to wait another 6 weeks I'd say to see BYR get re-rated

I can only find and post up the fundamentals of a company, can't control mkts and sentiment, still BYR looks overdone to me

 

[constable]

Has fallen around 50% from where we were getting in,

The results from Masounia have only strengthened fundamentals of BYR,

The Uranium Report should be done by End March, with the U conference in April I expect another U-Phoria

We'll just have to wait another 6 weeks I'd say to see BYR get re-rated

I can only find and post up the fundamentals of a company, can't control mkts and sentiment, still BYR looks overdone to me

And its going to be a long long long 6 weeks . Money dries up first for the spec stocks . Glad i sold out of this ha ha ha only to buy into eka which has no interest and a similiar buying depth. Couldnt exit either of them without uppercutting yourself!

 

[greggy]

Has fallen around 50% from where we were getting in,

The results from Masounia have only strengthened fundamentals of BYR,

The Uranium Report should be done by End March, with the U conference in April I expect another U-Phoria

We'll just have to wait another 6 weeks I'd say to see BYR get re-rated

I can only find and post up the fundamentals of a company, can't control mkts and sentiment, still BYR looks overdone to me

I'm still confident that things will turn out OK. We just have to grin and bear it in the meantime. Most specs were hit hard by last years correction only to strongly recover and go on to new highs. Those selling at the peak of this correction may later rue the decision.
DYOR

 

[Riles]

I agree with your sentiments Greggy. Let's not lose sight of the big picture here.
Whilst I respect people's decisions to sell after a certain percentage drop, I couldn't help but consider the offer too good to pass up in this case and quite happily added to my position today.

I'm not a fan of averaging down after getting burnt by BMO, but at least I'm confident this co's not going to call in the administrators for a fire sale just yet.
Happy to take up the 30% off sale today though!

 

[mmmmining]

Looks like tight capital structure is a double-edge sword, SP moving up quick, and coming down fast, hopefully, moving up again very quick.