ANL - Amani Gold

[CanOz]

Its about 2 weeks late now,

Perhaps management are waiting for the stock to be dumped into the sub 10c category before they realise its probably best to keep mkt informed of delays

Sighhhhh, such great projects, such poor PR

This is getting close to my stop now.

 

[YOUNG_TRADER]

Does that mean if someone sold 24k shares down to 24c, you'd bail at 24c? ?

 

[stoxclimber]

Since they were "in a meeting" I'm hoping they were drafting the annoucement yesterday.


canaussiesuck, i don't know why you're using a stop loss if you're investing fundamentally.

 

[constable]

Hi Constable,

I'm not going to panic over a 2c fall. Once the oppies issue is announced I'm sure that the price will recover. Anyway I'm also holding NRU whichj is up nicely today to 38c) , HLX and HCY (purchased this morning) so my spec portfolio is pretty balanced.
DYOR

sorry i couldnt help myself ..the thing with these low vol stocks when they dont trade they slide a little and when they do get get some volume they move incredibly quick. I was a getting a little impatient with this and another stock and put them into uni. But good luck hope you and others do well.

 

[CanOz]

Since they were "in a meeting" I'm hoping they were drafting the annoucement yesterday.


canaussiesuck, i don't know why you're using a stop loss if you're investing fundamentally.

I always use a stop loss.....plan the trade and trade the plan. If it sells i forget about it and move on.

Cheers,

 

[skegsi]

I just called them the secretary went off to ask someone about the delay. She came back and said "it will be ready for release in the next day or 2, they're just finalising it now"

 

[greggy]

sorry i couldnt help myself ..the thing with these low vol stocks when they dont trade they slide a little and when they do get get some volume they move incredibly quick. I was a getting a little impatient with this and another stock and put them into uni. But good luck hope you and others do well.

Thanks mate.
People are getting impatient with this one because of the delays in announcing things. I don't blame traders getting out for this reason, but feel that this one has plenty of potential.
DYOR

 

[stoxclimber]

Well, let me put it to you this way - there are two scenarios:

Your analysis is good and the market movement is wrong: In this case, you're selling out when its undervalued (and been getting more undervalued).

Your analysis is bad and the market movement is right: In this case, why are you investing?

In either scenario there's no upside to using a stop loss - only use I can see is margin trading or if you don't have access to computers very often.

 

[YOUNG_TRADER]

I always use a stop loss.....plan the trade and trade the plan. If it sells i forget about it and move on.

Cheers,

Ok but does that mean if someone sold 24k shares down to 24c, you'd bail at 24c? ?

Surely you wouldn't sell out at 24c?

 

[Nicks]

Im looking through the Company Announcements and cant find where they mention about the options??

 

[skegsi]

I just called them the secretary went off to ask someone about the delay. She came back and said "it will be ready for release in the next day or 2, they're just finalising it now"

sounds like you were right Stox and YT about them probably drafting it yesterday

 

[CanOz]

Ok but does that mean if someone sold 24k shares down to 24c, you'd bail at 24c? ?

Surely you wouldn't sell out at 24c?

My stop is at the next good support level. I have no choice but to sell it. If i comprimise my discipline now, what happens next time, and the time after?

I stick to a plan.

Cheers,

 

[Stimpy]

If i comprimise my discipline now, what happens next time, and the time after?

Rules are made to be broken!

 

[CanOz]

Rules are made to be broken!

Not if i have a say about it.

good risk management = success

 

[YOUNG_TRADER]

Rules are made to be broken!

Sorry couldn't resist, to those of you who haven't seen or don't know about the movie "The Transporter" you won't get it

 

[Nicks]

Im looking through the Company Announcements and cant find where they mention about the options??

Any help please?

 

[YOUNG_TRADER]

Nicks it was in the prospectus,

If you like can ring the company to confirm,

 

[Nicks]

Nicks it was in the prospectus,

If you like can ring the company to confirm,

Thanks YT,
was it 1 for 1 or something else?
was it as of a certain date or as of when they will announce it?

Thinking of getting in but needs some of these facts and some convincing. Already have a stack of KAL (KBRL).

 

[YOUNG_TRADER]

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

BYR ​

Mkt Structure
Shares
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 Current
30c = $13.5m
40c = $18m
50c = $22.5m Target

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.

Some previous drilling results
63m grading 1.46g/t Au from 3m in hole MRC069
32m grading 1.87g/t Au from 1m in hole MRC068
57.5m grading 0.84g/t Au from 1m in hole RAB043
35m grading 1.07g/t Au from surface in hole MRC065
30m grading 1.20g/t Au from 4m in hole MRC009
26m grading 1.31g/t Au from 16m in hole RAB008
14m grading 2.28g/t Au from surface in hole MRC012

As can be seen the mineralisation is at or near surface so an open pit will be the way to go, with a simple hauling of the ore 2kms to the exisiting infrastructure of the Keniero (Jean-Gobele) Mine owned by Toronto listed company, Semafo Inc with reported combined resources and reserves of 1.09Moz, the plant-site of which s located less than 2km north of the Mansounia Project boundary."


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!

I can't wait for follow up work on the Lyndon Uranium project, if the other 4 target deposits turn out like the 1st it could be 3Mt@0.058% Uranium = 3M lb's U as opposed to current 770k lb's u

Even current 770k lb's U
@ $15/lb EV = $11m


Upside 3M lb's U
@ $15/lb EV = $45m


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

I still believe firmly that a Mkt Cap of under $12m won't last for long, another BCN in the making!

 

[nvox]

Nicks Its on page 12 "Loyalty option" Short version below, hopefully not many typos

"The offer will be to all shareholders registered on the date approximately three months after the shares commence trading.
1 Option for every 2 shares held.
Options will be issued at a price of 1.0 cent each with a exercise price off 20 cents with a expiry date of 30 June 2008. "