ANL - Amani Gold

Holding a small parcel atm, planning to trade after the drill results released but before the options in March.

im holding
my trade will depend on the price at the time

Someone just took a nice 100k chunk at 29c, looks like people are happy to let if drift to 28c and buy back up to 29c-31c when sellers appear, very hard to grab a decent stash without inflating the share price so if people want in they are having to grab anything thats available around 30c.

Should hear about the 1:2 loyalty option release in the coming couple of weeks, my guess is when they have released the west african drilling results and that is out of the way they can concentrate on getting the options to market and then the decision on the uranium tennements.

Should make for a very interesting March, plenty of news

hi folks

I am holding and have been increasing my holding everytime there is a a dip in the price. I am just about all out of cash at the moment so no more buying for a while.
I am going to be away out of the country on a holiday for 6 months from the end of March. I missed out on options with NWR and don't want to miss out this time. Is there any way that these can be paid for without the whole documentation? Any ideas?
Cheers martin

Looks like gold is heading north again, with the recent small dip in shareprice now might be time to top up in byr. The following was taken from reuters today

LONDON, Feb 6 (Reuters) - Gold rose above $650 an ounce on Tuesday on firmer oil and a slightly weaker dollar, and analysts said it could jump if it holds onto recent gains a bit longer.

Gold broke the $650-an-ounce mark several times last week but profit-taking pushed down prices, which have risen about nine percent since Jan. 5 when it fell to a two-month low.


Spot gold was quoted at $653.40/654.10 an ounce by 1052 GMT, higher than $649.00/649.70 late in New York on Monday, when it rose about $2 on renewed buying interest from funds.

"The market has been able to consolidate around $650 which should be a solid base. The general positive feeling for commodities over the last couple of days and the ongoing dollar weakness are very supportive for gold," Frederic Panizzutti, Germany-based analyst at MKS Finance, said.

"We will not be surprised if further inflow of fresh investment into gold happens over the coming few days. The longer we can hold the $650, the stronger the base will be."

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A reminder, on Wednesday 31st Jan the company announced that within 2 weeks it would update the mkt about Mansounia Gold project, so I'd say there's about 5 trading days left before that ann comes out,

By Mid March we can expect the Opie Rights

And by Late March we can expect the huge Uranium portfolio to be acquired

Like I keep saying another BCN in the making, its just a matter of when not if!


BYR
Share structure
45m shares of which only 25m are listed
(Will be doing a 1:2 rights issue of 20c opies in early March)

Mkt Cap
20c = $9m
30c = $13.5m
40c = $18m
50c = $22.5m

Cash $5m in the bank

Gold Projects

Mansounia earning up to 92%, Gold, Guinea West Africa
This project had excellent fundamentals

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

The deposit is 2kms south of the Keniero Mine owned and operated by TSX listed Semafo which is currently depleteing its low grade ore reserves, so obviously a toll treatment of ore here is the best option.

The area is host to numerous large low grade operations so I would not be surprised if this deposit although low garde turned out to be huge ie 100Mt@1g/t = Over 3Moz's Au

BYR completed a 90 RC Drill Campaign in Dec so expect results soon, if they prove up the mineralisation then watch out as the Investment Banks love these African gold plays (see GRY operating not too far away in Burnika Faso)

The company is well funded and can earn up to 92% in this project and as I've stated would not need copious amounts of capital to bring project on stream as it can Toll Treat with the TSX company.



URANIUM PROJECTS
The company has signed an agreement to purchase ALL of KAL's (Kalgoorlie Boulder) Uranium Interests which are very extensive, the cost of the transaction will be 17.5m BYR shares but it will be well worth it given the projects.

For more information see KAL, KAL's reports show the Uranium grounds, require a bit of digging to find all the info I have especially re Lyndon

Kintyre 50:50 JV with MEGA Uranium, W.A.
5 Licences, JV was with RPT who is now part of Mega, Mega funding exploration


Lyndon 100%, Uranium, W.A.
There are 5 targeted deposits, 1 of which after a small amount of follow up work had an estimated 700kt's@0.058%U = 770k lb's U (Pre JORC Code)
Theres still 4 more to test!


Gascoyne 100% Uranium, W.A.
10 Licences covering 1321 km²


South Australia 100% Uranium, S.A.
Only 1 licence so far





Summary
With a very promissing gold project comparable to GRY

Multiple Aust Uranium Projects (still to be finalised) that appear highly prospective, Lyndon and Kintyre in particular

A very small mkt cap (still under $12m) and a very tight share registry with only 25m shares listed, of which the top 20 hold 75% or so

$5m cash in the bank

An upcoming 1:2 opie rights issue in March


THIS COMPANY LOOKS VERY PROMISING

Mkt Cap of under $12m won't last for long, another BCN in the making!

Enjoy!

YOUNG_TRADER said:

I should tell you guys that I'm getting Pato's analysts to run a ruler over it, as they love GRY so I want to know how comparable BYR is to them, then the large uranium portfolio will just add spec value to it (very large spec value as with all U plays)

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Any news from Pato's YT??

Not yet, they are very busy atm,

Lots of quarterly reports and half year results to analyse and digest and update forecasts, so they are going to be busy for a few weeks I think, "too many big fish to focus on, ie the BHP's OXR's ZFX's etc"

As soon as I do get some feedback I'll let you guys know

Gold price is climbing, this baby is still sleeping :

PS: Around ten days ago, My gf who works at bank of china told me that she got an official notice suggesting to buy GOLD. at that time, GOLD was trading 648, I thought it could be related to diverfiy large foreign reserve mentioned at recent chinese finance conference. Some her colleagues said that GOLD would fetch previous peak of 730, I am sorta doubted about it. But, internal official notice is absolutely reliable info. Let us see what will happen to GOLD

certainly has been sleeping the last couple of days, which is quite interesting seeing the west african drill results are due sometime this week. Just noticed that someone just took a large chunk so maybe we are getting a little closer to the announcement.

Who out there is still holding this one?

mick2006 said:

certainly has been sleeping the last couple of days, which is quite interesting seeing the west african drill results are due sometime this week. Just noticed that someone just took a large chunk so maybe we are getting a little closer to the announcement.

Who out there is still holding this one?

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i still have a small interest.

I bought my 400k shares for the 1:2 opies and the U potential, the gold is just a bonus for me

While I hope for excellent results at Masounia as I do believe it hcould be a 1-5Moz deposit, if the results are avg I will not be discouraged as its the U potential that will rocket this baby

With the price of gold at six month highs and anything uranium going crazy at the moment, I am surprised that BYR hasn't run a little harder, with the west african gold project drill results due out in the next couple of days it could be getting set for a good run.

Also the chart is looking quite good over the last month or so with some decent volume on the up days.

But the best two things about this one is the uranium exposure and the loyalty options both due to be settled in March.

Should be exciting times over the next couple of weeks for this one

Something must be up here has been quiet over the last couple of weeks all of a sudden hits all time high with some large buy orders coming in. The drilling results must be on the way!!!!

mick2006 said:

Also the chart is looking quite good over the last month or so with some decent volume on the up days.

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This is a very basic looking chart and its not really enuff to make decision on. If it wasn't for YT's excitment over this i wouldn't be in it, quite frankly. I do like how it moves with very little volume. I'm a medium term holder.

Cheers,

Cana
Isn't 30c an important level on the charts?

ie isn't it good if BYR can HOLD ABOVE AND CONSOLIDATE 30C Prior to Ann coming out Re Gold Project?

YOUNG_TRADER said:

Cana
Isn't 30c an important level on the charts?

ie isn't it good if BYR can HOLD ABOVE AND CONSOLIDATE 30C Prior to Ann coming out Re Gold Project?

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See comments below:

Cana,

Mate can you do me a favour please, can you take alook over at RTM thread and give me your opinion to my question?

Thanks in advance

Since lunch time someone has put a rocket under this one, I know the drill results are due out shortly and people are just accumulating before hand, but it wouldn't surprise if there was a little inside info and people are buying awaiting good news.

What do you guys and girls think?

With a record high yesterday, and an announcement concerning their african gold project due any day now could we see another record high today?

With a buy to sell ratio of 10:1 if people want in they are going to have to pay up to grab whatever is on offer.

With Gold, US Markets both up overnight, could be another excellent day for BYR today!!

What would give it a real boost would be either the west african drill results or some more information about the loyalty options.

I know I ask alot but I guess we can all dream a little