Alliance Resources - Four Mile Uranium Mine

[Croaker]

Alliance Resource Limited has just been approved to open their Uranium Mine starting in Jan 2010.

Did anyone see this coming?

Dines? Casey?

Looking for a U.S. Stock symbol, does it have one.

Merger Candidate?

An early shot in the arm for the U's.

[sunseeker]

Hi Croaker
Very good spot.

I like a challenge. It’s only listing is on the Aussie (ASX) exchange.

http://www.allianceresources.com.au/IRM/content/home.html
http://www.allianceresources.com.au/IRM/content/investor_investorfactsheet.html

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=AGS

Looks in an interesting spot too:
ADVFN


I hope that is of some use to you.


ATB 

[Bottomfeeder]

Here you go guys.....US Pinks...

http://connect-services.reuters.com/finance/stocks/overview?symbol=AEGMF.PK

[sunseeker]

Hi BF
Seriously well done.

Must be loosing my touch to have missed that.

I’ll have to take the sunglasses off next time.
 
ATB   

[Bottomfeeder]

ahhh...SS you catch plenty.

Make sure the glasses have a rose tint, much better way to go through life as you know.

Alot of U's hugging bottom of long term trend lines, testing, and falling back while holding long term support levels....hmmmm

[Croaker]

Appreciate the information.

I would suspect a pop on this to put it back to its 52 week high at least. I also would suspect a few companies have their eyes on this one to merger or buy out. It's not everyday a new U Mine gets to open in Austrialia with the current Government.  I wonder if they opened it as a test for future mines.  With the eye on the enviroment being played loud.  Or it could be the economy pushing them to generate money and jobs.

BF,

As for the U's holding there trend line.  I am tracking 20 or so U's , most of then juniors and a majority of them are 30-40% lower from there highs of May 23rd. I would suspect they stay at that level or go lower over the summer.

[Croaker]

A little more research and Heathgate (USA company) owns 75% of the mine.  No merger on this one. It seems the Aussies and the USA are working together.

[pinetree]

Alot of U's hugging bottom of long term trend lines, testing, and falling back while holding long term support levels....hmmmm

Last night I looked at MGAFF and thought "I should have bought it today" but wasn't paying attention.  It was sitting right on the weekly 50sma and the 61% fib fan line off the 08 lows.  Looked like a nice trade for .30 gain, 25-30%.  Sure enough it popped this morning.  I think it's headed up to the 1.40 area for now.  Could be another FNH, maybe not, we will see.

I did buy some DNN when it was at 1.36 though, which turned out to be a good move.