ANL - Amani Gold

[Kauri]

I'm getting a bit impatient too, i see allot of other opportunities!

Cheers,

I was just thinking... due to the relatively low dollar traded liquidity if everyone on ASF sold their indicated holdings the price would crash????

 

[djones]

I was just thinking... due to the relatively low dollar traded liquidity if everyone on ASF sold their indicated holdings the price would crash????

I admit I sold out at 30.5c today due to needing the funds, made a small profit from 26.5c but will hopefully be able to buy in again at a future date.

 

[moses]

Well...I'm going to stay optimistic and hang in there; while I'm disappointed not to see the SP run upstairs as soon as expected, and I wouldn't be surprised to see the SP fall further in the short term...I do think the SMA chart is telling the underlying truth here, suggesting that the fall in SP is being driven by impatient speculators like us wanting a quick buck.

Fingers crossed!

 

[kransky]

these SMA posts are great moses!

 

[Accaeric]

May this would be the reason of delay.

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Guinea is in the midst of a general strike called by unions demanding the president step down or relinquish some of his power. Talks between union leaders and government officials were scheduled to resume Monday.

In declaring martial law, President Lansana Conte warned that the country was in danger of erupting into civil war following days of anti-government protests that led to riots and looting. Government buildings were ransacked throughout the country, and scores died when youths calling for their longtime president to step down clashed with security forces who fired guns.

Army Chief of Staff Gen. Kerfalla Camara announced in a speech broadcast on radio and television that citizens would be allowed to move freely between 6 a.m. and 6 p.m. starting Monday. The curfew originally only allowed Guineans outside for four hours a day, and was later lengthened to six hours.

"This measure is the result of the effort by each person to return to normal life in the country," Camara said.

Martial law _ which is set to expire Feb. 23 _ also prevents public gatherings and allows security forces to perform random searches. Since its imposition, roadblocks have been set up throughout the capital and military trucks full of arrested youths have become a common sight on the streets. Soldiers have been accused of shooting and raping civilians. The government says it has ordered an investigation into the charges.

Guinea has been in varying degrees of turmoil since mid-January, when the country's two strongest unions called a general strike that they said would last until Conte agreed to leave office. Conte has exercised strict control over the country since seizing power in a coup in 1984.

More than 100 people have died since in two waves of clashes with security forces _ the first during the strike in January and the second last weekend after Conte apparently violated a compromise deal in which he would share power with an independent prime minister. Conte instead named a Cabinet member and longtime ally to the post.

Guinea has not had a prime minister since Conte fired Cellou Dalein Diallo from the post in April.

The unions have complained of economic problems and demanded salary increases and arrears of months of unpaid wages. Recently, they have become increasingly political, saying the country's hardships are symptoms of a corrupt government that neglects its people.

Bordering on war-recovering Sierra Leone and Liberia, as well as conflict-divided Ivory Coast, Guinea is seen as a potential flashpoint in an already precarious region. For years, regional experts have warned that Conte's death or ouster could send the country into turmoil.

Guinea's 10 million people are impoverished and many live without the most basic public services, even though the country has half the world's reserves of bauxite, used to produce aluminum.

 

[greggy]

May this would be the reason of delay.

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Guinea is in the midst of a general strike called by unions demanding the president step down or relinquish some of his power. Talks between union leaders and government officials were scheduled to resume Monday.

In declaring martial law, President Lansana Conte warned that the country was in danger of erupting into civil war following days of anti-government protests that led to riots and looting. Government buildings were ransacked throughout the country, and scores died when youths calling for their longtime president to step down clashed with security forces who fired guns.

Army Chief of Staff Gen. Kerfalla Camara announced in a speech broadcast on radio and television that citizens would be allowed to move freely between 6 a.m. and 6 p.m. starting Monday. The curfew originally only allowed Guineans outside for four hours a day, and was later lengthened to six hours.

"This measure is the result of the effort by each person to return to normal life in the country," Camara said.

Martial law _ which is set to expire Feb. 23 _ also prevents public gatherings and allows security forces to perform random searches. Since its imposition, roadblocks have been set up throughout the capital and military trucks full of arrested youths have become a common sight on the streets. Soldiers have been accused of shooting and raping civilians. The government says it has ordered an investigation into the charges.

Guinea has been in varying degrees of turmoil since mid-January, when the country's two strongest unions called a general strike that they said would last until Conte agreed to leave office. Conte has exercised strict control over the country since seizing power in a coup in 1984.

More than 100 people have died since in two waves of clashes with security forces _ the first during the strike in January and the second last weekend after Conte apparently violated a compromise deal in which he would share power with an independent prime minister. Conte instead named a Cabinet member and longtime ally to the post.

Guinea has not had a prime minister since Conte fired Cellou Dalein Diallo from the post in April.

The unions have complained of economic problems and demanded salary increases and arrears of months of unpaid wages. Recently, they have become increasingly political, saying the country's hardships are symptoms of a corrupt government that neglects its people.

Bordering on war-recovering Sierra Leone and Liberia, as well as conflict-divided Ivory Coast, Guinea is seen as a potential flashpoint in an already precarious region. For years, regional experts have warned that Conte's death or ouster could send the country into turmoil.

Guinea's 10 million people are impoverished and many live without the most basic public services, even though the country has half the world's reserves of bauxite, used to produce aluminum.

There was a business article in The Weekend Australian that was advising caution in relation to projects held in Guinea. May be this has frightened some investors. My father, an experienced trader with 44 years experience, was going to buy some BYR on Monday but had second thoughts areading the article. As for me, I'm waiting for more info in relation to the company's possible acquisition of uranium assets. Should everything be OK, this stock could do well as a result. Just a note of caution, despite YT's excellent record (I agree with YT around 95% of the time which isn't bad).
DYOR

 

[YOUNG_TRADER]

Rang the company to see if any problems re Guinean Civil Unrest,

Was assured that it did not in anyway effect BYR,

Was told the report is due out very shortly and had been delayed from the 2 week estimate due to the fact that they had several External Consultants/Geologists preparing a very thorough analysis on the project and its taken a bit longer than expected, didn't ask and he didn't comment on whether report was done or timing of the report (I don't ask or want ot know such info as thats a tee bit wrong)

Also questioned about option rights issue and was told per prospectus reminder would be given to the mkt soon

Can't be oo far off, if your scared and impatient sell away, there was a chap once who said, "The sharemarket is a wealth transfer system, where money flows from the impatient to the patient"

 

[greggy]

Rang the company to see if any problems re Guinean Civil Unrest,

Was assured that it did not in anyway effect BYR,

Was told the report is due out very shortly and had been delayed from the 2 week estimate due to the fact that they had several External Consultants/Geologists preparing a very thorough analysis on the project and its taken a bit longer than expected, didn't ask and he didn't comment on whether report was done or timing of the report (I don't ask or want ot know such info as thats a tee bit wrong)

Also questioned about option rights issue and was told per prospectus reminder would be given to the mkt soon

Can't be oo far off, if your scared and impatient sell away, there was a chap once who said, "The sharemarket is a wealth transfer system, where money flows from the impatient to the patient"

Thanks for the reassuring news and the time that you put into your reseach.
DYOR.

 

[YOUNG_TRADER]

Hey Greggy no probs mate,

Re BYR's Gold project with POG at $680 (7 month high and now technically broken out) it would be a good time for those gold results to be released!

 

[CanOz]

Hey Greggy no probs mate,

Re BYR's Gold project with POG at $680 (7 month high and now technically broken out) it would be a good time for those gold results to be released!

You know i think BYR is settling into a bit of a channel trend....

 

[stoxclimber]

Hey Greggy no probs mate,

Re BYR's Gold project with POG at $680 (7 month high and now technically broken out) it would be a good time for those gold results to be released!

Yep, still waiting for those results. Wonder if we can read anything into the delay..

 

[YOUNG_TRADER]

Re Delay, per my post



Rang the company to see if any problems re Guinean Civil Unrest,

Was assured that it did not in anyway effect BYR,

Was told the report is due out very shortly and had been delayed from the 2 week estimate due to the fact that they had several External Consultants/Geologists preparing a very thorough analysis on the project and its taken a bit longer than expected, didn't ask and he didn't comment on whether report was done or timing of the report (I don't ask or want ot know such info as thats a tee bit wrong)

Also questioned about option rights issue and was told per prospectus reminder would be given to the mkt soon

Can't be oo far off, if your scared and impatient sell away, there was a chap once who said, "The sharemarket is a wealth transfer system, where money flows from the impatient to the patient"

 

[Stimpy]

I'm with stoxclimber, and why the stress on a very thorough analysis?

 

[stoxclimber]

Wonder if the delay is a good or a bad thing. Guess we'll have to wait and see..with gold going to a high and yet the stock dropping - i guess people are wanting some news.

 

[greggy]

Wonder if the delay is a good or a bad thing. Guess we'll have to wait and see..with gold going to a high and yet the stock dropping - i guess people are wanting some news.

Many traders don't like delays in announcements and are indeed an impatient mob!!
DYOR

 

[YOUNG_TRADER]

Still no results re Gold project,

Very annoying to say the least, company should have released an ann stating how far off report is, but they haven't

I'll wait till close of Monday before I ring again

 

[stoxclimber]

Yeah, management isn't being very good to the market re: the exploration results. And I just read a study about timing of annoucements v good/bad news...hmmmmm

 

[Stimpy]

All good things to those who wait... :mexico:

 

[CanOz]

On the other hand, maybe the ann was going to be late and they managed a way to put it off until thefirst of the coming week.

I really have no idea about announcements, or anything other than charts....

Fingers crossed, the stop loss is still intact....plan the trade and trade the plan i say!

Cheers,

 

[skegsi]

Still waiting for ann...