ANL - Amani Gold

nomore4s · 29 March 2007

Flyer said:
Sorry to be a pain but
1) Are the options tradeable on the ASX from June or not?

2) Profit assumptions if I buy 100,000 shares
100,000 shares @ 25cents = $25,000
50,000 options 1 cent= $500

Total $25,500

So if i convert the options in 2009 (just assume I have not sold anything) I have 150,00 shares

If shares are still 25 cent I get $37,500 (Profit of $12,000)

If shares drop below 17 cents I book a loss

150,000 @ 17 cents = $25,500

Anything wrong there?

Thanks

You also have to pay an additional 20c to convert the options. But if the share price stays at 25c the options should trade at about 5-7c but YT or someone else with more experience in these matters can confirm that.

j4mesa · 29 March 2007

If I have not mistaken, is the strike price is 20c?
Thank you

YOUNG_TRADER · 29 March 2007

Take a look at CYL and MZM

If the heads sit at 20c the opies will be 6-10c minimum, its just the way it is

With the heads at 25c the opies will sit at probably10c

I expect this will fall away Ex and after Record date,

BYR will not show its true potential for another month ie end april so patience will be required

greggy · 29 March 2007

YOUNG_TRADER said:
Take a look at CYL and MZM

If the heads sit at 20c the opies will be 6-10c minimum, its just the way it is

With the heads at 25c the opies will sit at probably10c

I expect this will fall away Ex and after Record date,

BYR will not show its true potential for another month ie end april so patience will be required

Hi YT,

You're 100% right about the need for patience with one. Having averaged down by buying more BYR around the 21c mark I'm back to being in front on this stock. IMO the options deal is on extremely favourable terms. No doubt its been the key to the solid increase in the share price over recent days.
DYOR

Absolutely · 29 March 2007

Anyone expecting to see a sell off tomorrow ?

greggy · 29 March 2007

Absolutely said:
Anyone expecting to see a sell off tomorrow ?

I reckon when this one goes ex it will have a pretty reasonable fall, but hopefully it will just be for the very short term.
DYOR

Sweet Synergy · 30 March 2007

YOUNG_TRADER said:
Take a look at CYL and MZM

BYR will not show its true potential for another month ie end april so patience will be required

Hey YT ... what news are we expecting late april?
And nice market depth this morning ... looks good considering it's gone ex entitlement.

Thanks, S

greggy · 30 March 2007

Sweet Synergy said:
Hey YT ... what news are we expecting late april?
And nice market depth this morning ... looks good considering it's gone ex entitlement.

Thanks, S

Looking at market depth maybe the buyer at 28c doesn't yet realise that its gone ex. Still an update on the potential uranium acquisition is due out very soon. Any positive news on that front could well assist the share price further.
DYOR

nomore4s · 30 March 2007

greggy said:
Looking at market depth maybe the buyer at 28c doesn't yet realise that its gone ex. Still an update on the potential uranium acquisition is due out very soon. Any positive news on that front could well assist the share price further.
DYOR

Buyers gone into hiding now

greggy · 30 March 2007

nomore4s said:
Buyers gone into hiding now

People have finally woken up to the fact its ex-entitlement. This is a fairly normal market reaction.
DYOR

Kauri · 30 March 2007

YOUNG_TRADER said:
Its easy to lose sight of the fundamentals with the lack of interest, so I thought I'd remind everyone about BYR's fundamentals

Gold Projects

Mansounia earning up to 92%, Gold, Guinea West Africa
This project had excellent fundamentals, with more folluw up drilling to firm up the project in May.

Top Section Only
2000m Long x 600m Wide x 15m Deep = 18M cubic metres ore,
As we have assumed 1 Cubic Metre Ore Containg Gold = 2T's ore
So 18M x 2 = 36Mt's at avg grade 0.8g/t Au (I think thats safe to say)
36Mt's@ 0.8 g/tAu = 28.8M Grams Gold and since 28grams = 1oz = 1moz's Au

So
36Mt's@ 0.8 g/tAu = 1moz's Au
Spot $800 AUD, Cash Cost $650 AUD, Thus Cash margin $150 oz

NPV = $150m - $10m (start up costs) = $140m

@ 70% (can go as high as 85%) = $98m
With current 45m shares on issue = $2 a share

ITS ONLY A MATTER OF TIME BEFORE BYR IS RE-RATED

YT, after looking at BYR I refrained from buying for the options entitlement. I just couldn't come up with the 1mm oz in the top 15mtr slice.
If you look closely at the drill results they drilled 90 holes each of approx 80mtr.. 7725 mtr in total. Taking the top 15 mtr gives you 1350 mtrs. If you go through the results, using BYR's 0.4 gm/t economic cutoff you have 318 mtr's intersecting grades above 0.4... actually averaging out at 0.84gm/t. That is a little less than 25% of the top slice at economic grades, it comes out at a touch less than 250,000 oz. However, with the collar spacing it is impossible to draw any conclusions other than the lease does contain low grade gold, a lot more drilling is required to work it through Jorc inferred, indicated, and proven status, so anything is possible yet. Also, my back of envelope calcs may be out.Hope I dont regret not going for the oppies. All the best with them.

Stimpy · 30 March 2007

Kauri said:
it comes out at a touch less than 250,000 oz

I agree with your estimate of about 250koz at Mansounia based on the drilling results released to date, however the resource is nowhere near fully defined and could easily grow to 1Moz. (Disclaimer: I'm an eediot, so DYOR.)

Based on Semafo's costs (they own the mine next door) my estimate of the cash cost is closer to A$500/oz, but as discussed earlier in the thread, toll treatment is a likely option. This would increase the cost per ounce but eliminate the need to raise funds for capital works so the value to us would increase.

All of that said, what will really set this baby on fire is the uranium deal. I for one can't wait for May!

YOUNG_TRADER · 30 March 2007

Hey Kauri,

It will be touch and go, the Uranium report/acquisition is due out the end of march but given BYR's history I'd say that'll be 3 weeks late as per usuall, so expect in in the 3rd to last week of april,

I don't think people appreciate the U portfolio they will be acquiring, quite large, with Lyndo being the best by far containg an estimated 770k lb's U which could be 4 as large ie 3Mlbs U

Then you've got the Kintyre license which is in a JV with Mega Uranium

Then you've also got the S.A. license near MTN's Mt Gee

And about another 30 licences

So I'd say the stock should get re-rated just before the option come on issue

Will be quiet till then,

Even 250koz's at a cash cost of $650oz and lower spot of $750oz = $100oz margin = $25m at 70% = $17.5m

So not bad for current low case, now I know recovery factor won't be 100% probably closer to 80% but I have no doubt the resource will grow to 1Moz's and more in time

Stimpy ju eeeiiiddiiiot! lol

j4mesa · 6 April 2007

Hi regarding the oppies has anyone got the letter of options application?
I have only got some paperwork regarding the issue of options but none about the options application.....

I could not find it on the announcement as well.....can someone help?

james888 · 6 April 2007

I called company up, they will send option application next week

j4mesa · 9 April 2007

thnx james888

greggy · 9 April 2007

YOUNG_TRADER said:
Hey Kauri,

It will be touch and go, the Uranium report/acquisition is due out the end of march but given BYR's history I'd say that'll be 3 weeks late as per usuall, so expect in in the 3rd to last week of april,

I don't think people appreciate the U portfolio they will be acquiring, quite large, with Lyndo being the best by far containg an estimated 770k lb's U which could be 4 as large ie 3Mlbs U

Then you've got the Kintyre license which is in a JV with Mega Uranium

Then you've also got the S.A. license near MTN's Mt Gee

And about another 30 licences

So I'd say the stock should get re-rated just before the option come on issue

Will be quiet till then,

Even 250koz's at a cash cost of $650oz and lower spot of $750oz = $100oz margin = $25m at 70% = $17.5m

So not bad for current low case, now I know recovery factor won't be 100% probably closer to 80% but I have no doubt the resource will grow to 1Moz's and more in time

Stimpy ju eeeiiiddiiiot! lol

Hi YT,

As per usual, I agree with all you've said here. My only concern is that the BYR management team are pretty slow in coming out with announcements. Should BYR decide to go ahead with the uranium deal it may have an extremely positive effect on BYR's share price. Hence, my reason for being patient with this share.
DYOR

nvox · 12 April 2007

Announcement on the options

We advise that the Prospectus for the non renounceable entitlement offer of Options on a 1 for 2 basis at an issue price of 1 cent per Option has been despatched to eligible shareholders

nomore4s · 15 April 2007

YOUNG_TRADER said:
Hey Kauri,

It will be touch and go, the Uranium report/acquisition is due out the end of march but given BYR's history I'd say that'll be 3 weeks late as per usuall, so expect in in the 3rd to last week of april,

Was reading through the propectus that came with the option entitlement and found this.
"Commenced due diligence inquiries with respect to the uranium properties the subject of the option agreement with Kalgoorlie Boulder Resources LTD. The desk-top study in relation to this due diligence is expected to be completed by mid April 2007, but the Company's formal decision to exercise the option is likely to be made in May 2007"

So we probably won't get an ann till mid May.

bigt · 16 April 2007

Anyone received their options application forms yet?

ANL - Amani Gold

nomore4s

Commonsense isn't that common

j4mesa

YOUNG_TRADER

greggy

Absolutely

greggy

Sweet Synergy

greggy

nomore4s

Commonsense isn't that common

greggy

Kauri

E/W Learner

Stimpy

YOUNG_TRADER

j4mesa

james888

j4mesa

greggy

nvox

Red Rabbits

nomore4s

Commonsense isn't that common

bigt

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