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ANL - Amani Gold

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skegsi said:
what trading halt?
Click to expand...
yes what trading halt....that was preopen for an ann.
im holding this one and happy to be a part of a yt awareness campaign
 
With gold getting over $650 oz its a good time for BYR to be releasing results on its Gold project


And with Uranium seemingly unstoppable up to $75 a lb its good to know that that U portfolio becomes more valuable each week
 
Well YT, you've done it again. After thoroughly researching BYR, I dipped my toe in this morning. I think this has great potential in the short term as a trading stock, and fantastic longer term potential, once the hype (that will shortly arrive) dies down. Just need to get that volume up a wee bit, and this should fly.
 
A bit of action today, I guess people are positioning themselves for the announcement of the african gold drilling should be interesting 90 holes and 8,000 metres will give a good indication of the possible size of the project
 
Volumes have definately picked up avg 500k a day now, given there's only 25m tradeable = 2% of total tradeable shares

This is way more active than BCN was pre launch, I remember there was a week when less than 100k was traded and then when results came out and were fully appreciated BOOM!

Sooner or later those 1M+ buying at 20c-22c will move their orders up when they realise that they won't get filled down there!

28c/30c should become NEW SUPPORT SOON
 
Out of interest...

Has any one been involved in a non-renouncable rights issue before?
From what I understand the right is not transferable, and therefore cannot be bought or sold. Does this mean it can not be traded like a regular option?

What happens? Does the share price take a dive with all the dilution when they are exercised?

How do we benefit from this?

If you choose not to exercise your rights by buying the discounted stock you will lose money as your existing holdings will suffer from the dilution.

If you do exercise your right to the discounted shares you're really only being compensated for the dilution.

This is going to be my virgin experience with oppies/rights issue, any enlightenment would help.

Cheers
 
From what i can calculate the share price will have to be 30c when the rights are exercised for the ex-rights value of the shares to be just 20c.

e.g.
100 shares @ 30c = $30
50 rights @ 1c = 50c
'total price'/'number of shares' = 'ex-rights value'
$30.5/150 = 0.20
 
Let me help you,

This is a rights issue for options they will be options with an exercise price of 20c, so with an SP of say 28c they are worth 8c + a premium (how much this premium is will depend of level of demand but I reckon at least a 3c-5c premium)

So if the stock is at 25c I'd say the opies will trade at 8c - 10c

Now the options only cost 1c, so trust you'd want to take up your entitlement, oh yeah its a 1:2 rights, so if you hold 100,000 shares you get 50,000 options

I reckon by the time the rights issue is being done the gold project results would have been out for some time, not to mention due dilligence progressing on the Uranium projects, so its more likely that the SP will be north of 30c making those rights quite valuable!
 
Just in case you don't get it take a look at USA as an example when the mkt became aware of the opies rights share price went considerably higher, from 30c up to 56c

Its sell fueling you see, people go hmm pay 40c for stock, so if I buy 100,000 shares thats $40k but then I'll get 50,000 options which should be worth 20c each ie $10k so really I'm only paying 30c for stock etc etc
 
Everything coming together nicely for this one. Very tight share register, gold drilling results due shortly, uranium exposure upcoming, rising gold price with gold funds now buying again see below, and the best of all a 1-2 loyalty options issue at 1c from early March.

Should make for a very interesting couple of weeks

Drilling results + Info about Loyoalty Options + Uranium Tennements

Couldn't see many sellers befor the Loyalty Option Issue, so if people want in they will have to pay up.


 
There is talk of the IMF selling their vast gold reserves - not sure if this will have an effect on the price of gold if it happens but something to think about. I heard this rumour a couple of years ago and nothing happened so wait and see I guess.
 
Some serious buying today already 400k changing hands in the first hour, I guess people are buying before the announcement of the west african gold drilling also the issue of the loyalty options. When they set the timetable for the loyalty options watch this one fly, remember what happened with USA.
 
Huge volume day today 970k, buyers happy to come in at 29-30c, sellers disappeared for most of the day until the close when they retreated to higher ground. Hopefully gold stays firm in the US overnight and we head into Monday on a high awaited the drilling results which should be out late next week.
 
Thanks Mick2006, huge turnover when you consider there's only 25m of tradeable shares (approx 4% t/o today alone!)

I have been away so unfortunately I was one of the ones to come in today at 0.29 ... After a bit of my own research I felt it was worth stepping into the market, especially due to the lack of sellers, upcoming results and opies in March
 
Agree with all that - lack of sellers is certainly going to help keep driving the price North. Good results on the gold will cement its place.
I feel VERY good about this one!!

Don't mind you having it in the comp YT - I'm in 3 of the Top 4 stocks at this stage - and traded the 4th one yesterday!! Big smile on my face this pleasant Friday afternoon!!

Check out my pick - CRJ - the options are trading at a pretty large discount, giving a good opportunity to cheap entry - and drilling starting in next week or 2 - right near MOX land.
 
Although gold was down on friday night it certainly wasn't smashed like some of the other metals, still up about $40 oz this year.

With the price of oil storming up again its just a matter of time before gold follows as protection against inflation.

Also the uncertainty with the US economy at the moment with also keep gold firm as safe investment.

Hopefully some good drill results due this week, could start a huge run if it hits people's watchlists following the drilling results, as there is only 25 million available at the moment and now only 1 month from the 1:2 loyalty option release for 1c certainly an attraction for holding at least until options are released.
 
Positive start today with buyers willing to take anything upto 31c straight off the bat. Interesting post from kitco today regarding the Japanese starting commodity ETF's would be very positive for gold, see below


TOKYO (AFX) - The Tokyo Stock Exchange is considering listing exchange-traded funds (ETFs) linked to the prices of gold, silver and other precious metals using know-how it will obtain from the New York Stock Exchange, the Nihon Keizai Shimbun reported.

The NYSE will provide the TSE with expertise on how to manage the funds as part of the broad business partnership the two bourses concluded last week, it said.


Currently, the Tokyo exchange offers 11 ETFs, all of which are linked to a stock price index. This will be the first time for the TSE to list financial products linked to precious metals prices.

The new funds may be listed as early as this summer, with the trading commission to be set lower than for other types of investment trusts, the report said.
 
Who is holding byr at the moment?
Are you going to hold to the release of the loyalty options in March or trade depending on the West African Drill Results?

Also good to see the consolidation today as it seems to me that the day traders haven't jumped and dumped this one like they did YML.

Should be an interesting week with the drill results due late this week or early next!
 
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