ANL - Amani Gold

[stoxclimber]

Well mmmining, the way I see it is the share fell a lot from the small guys that bought in based on their research, or the share performance, or the research of guys like YT who originally drove the price up, selling out because of the correction. When the corrections over, these guys are going to buy back into something..if the money returns to BYR, it should rise to near the previous levels - given not much has changed on the fundamentals.

 

[Moneybags]

Well I may have missed the boat with this one........waiting for funds........surely not the best time to get in now YT.

MB

I'm sure glad those funds were a bit slow in coming and I never got on this one. This stock has surprised me with the force with which it has descended.

Good luck to all holders.

MB

 

[bigt]

100K at market this morning? Someone didnt want to wait...albiet not a huge bite (massive by my standards).

 

[Gundini]

100K at market this morning? Someone didnt want to wait...albiet not a huge bite (massive by my standards).

Yes, and 8 trades to boot. This stock can go a whole day without a trade, so a big move the 100K. Like watching grass grow normally...

 

[bigt]

May be the conspirator in me, but todays trades are all nice round numbers, totally a nice 150000 volume...seen some similar trades go through the last few days.

May be an accumulator wanting a big slice, not wanting to look like one individual. Not sure at all why this would occur, and I'm probably completely wrong...but it just feels like there is something going on here...

 

[GRTRADER]

Anyone have any thoughts of what the effect of the completion of escrow period will be on SP tomorrow?

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.

 

[Gundini]

Anyone have any thoughts of what the effect of the completion of escrow period will be on SP tomorrow?

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.

Not sure, but doesn't this mean the previous trading restrictions placed on these shares are lifted, hence available for market trade?

If so, they would probably be Director issues, or employee issues, so I wouldn't think it would have any effect at all. It's not as if they will be making a huge profit on the issued shares.

Having said that, if they dumped the stock on market, you would think that amount of stock would have a big impact on the share price (negitive) due to BYR's thinly traded depth...

DYOR

 

[YOUNG_TRADER]

May be the conspirator in me, but todays trades are all nice round numbers, totally a nice 150000 volume...seen some similar trades go through the last few days.

May be an accumulator wanting a big slice, not wanting to look like one individual. Not sure at all why this would occur, and I'm probably completely wrong...but it just feels like there is something going on here...

U project half way through due dilligence and they like what they see,

Also rights issue supposed to be coming out in the next few days,

Mkt Cap of $9m currently with $3m-$4m cash, very large U portfolio to be acquired End March -Mid April, Labour Party U conference April

Sometimes good things take time, ie JMS, EVE, BCN, MTN,

 

[greggy]

U project half way through due dilligence and they like what they see,

Also rights issue supposed to be coming out in the next few days,

Mkt Cap of $9m currently with $3m-$4m cash, very large U portfolio to be acquired End March -Mid April, Labour Party U conference April

Sometimes good things take time, ie JMS, EVE, BCN, MTN,

Hi YT,

I bought into this one for the potential uranium potential. If all goes well BYR is set to acquire a large number of prospective including JVs with Mega. I am waiting patiently on this one especially with the uranium price having gone up again.
DYOR

 

[Sweet Synergy]

report out -- anyone got a copy yet? Etrade not showing

 

[YOUNG_TRADER]

Just the half yearly,

By agreement dated 13 September 2006, the Company and Kalgoorlie-Boulder Resources Ltd (KBRL) entered into an option agreement (KBRL Option Agreement) in relation to mining tenements and applications
for mining tenements:
(a) owned by KBRL in Western Australia and South Australia; and
(b) the subject of contractual agreements entered into by KBRL.
KBRL's portfolio of uranium assets, subject to the Burey option, consists of approximately 26 exploration licences or applications covering a total of approximately 5,040 square kilometres in Western Australia and South Australia.

If the Company exercises the KBRL Option, it must pay $50,000 plus issue 17,200,000 ordinary fully paid shares in the capital of the Company to KBRL as purchase consideration for the mineral interests. On 20 October 2006, the Company issued a prospectus to raise up to $5 million to explore the Mansounia property and, subject to exercise of the KBRL Option, the mineral properties the subject of that agreement. This initial public offer of shares was completed in December 2006, with a raising of $5 million and a listing of the Company’s shares on ASX.

Also subsequent to half year end, the Company has commenced due diligence on the KBRL properties, which is expected to be completed by the end of March 2007.

An initial campaign of Reverse Circulation (“RC”) drilling, associated sampling and analytical activities was completed by Burey on the Mansounia Gold Project during the December Quarter. A total of 90 inclined (nominally -60 °) RC holes were drilled (for 7,725m aggregate), all aligned on a UTM West azimuth. RC holes were completed at a nominal 45m collar spacing along twelve 100 or 200 metre spaced drill fences.

Burey’s drilling program was designed to test and extend the continuity and limits of the low grade gold mineralization as previously defined through drilling programs carried out by Gold Fields Ltd. Drilling results received subsequent to half year end 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 800 metres, 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 plant site is located a mere
1.9km from and in sight of Burey’s northernmost drill fence.
The completed drilling programme has not tested the full extent of gold mineralization within the project area. Additional drilling is warranted to outline possible extensions and to evaluate the known mineralization.

 

[GRTRADER]

Looks pretty promising.

It shall be interesting to see what the due diligence produces

 

[JimBob]

Today was a good example of how the share price can jump on very small volume, up 15% with only $450 worth traded.

 

[greggy]

Today was a good example of how the share price can jump on very small volume, up 15% with only $450 worth traded.

It also has gone down on thin volume. I
bought into BYR on the basis of its potential uranium projects. Should the company decide to go ahead with the purchase it will open up another field of traders wanting to get on board yet another uranium stock. Patience is the key.
DYOR

 

[Sweet Synergy]

Didn't expect Fridays move up to be sustained with such low volume but chart is looking a little interesting today. Has crossed over the falling resistance line and moving up today on reasonable volume. Maybe it's finally turning?!

 

[bigt]

Still very low volume, 5 trades today. Bounced off the bottom bollinger, macd (ever so slightly) converging...I think the interest in BYR will start to pick up now we are closer to the right issue and results of the uranium tenament feasibility study..about time too.

 

[GRTRADER]

Sometimes the interest really doesnt come until something is announced rather than just a pending announcement

 

[Sean K]

Sometimes the interest really doesnt come until something is announced rather than just a pending announcement

Hhmmm, not sure about that. 'buy the rumour, sell the fact' is a very common occurrance, IMO. Of course, no study has been done to confirm either. Just my perception..

 

[GRTRADER]

I'd say both occur frequently.

you just have to be lucky to have bought before one of them

 

[greggy]

Still very low volume, 5 trades today. Bounced off the bottom bollinger, macd (ever so slightly) converging...I think the interest in BYR will start to pick up now we are closer to the right issue and results of the uranium tenament feasibility study..about time too.

I feel that its just a sign of market woes. BYR has yet to come out with anything other than positive news thus far. I'm just waiting patiently for more news on the uranium front.
DYOR