From GT Financial
Alliance Resources (AGS) have enjoyed a strong breakout today as the sentiment towards the uranium stocks remains very strong and uranium prices continue to push higher now hitting US$60/pound. AGS has in the past fortnight lagged a little behind the other uranium players in the market, but is now playing catch-up with a very bullish breakout and surge to a high of $1.155 this morning.
They continue to see more upside and suggest holding.
From my point of view - I really like AGS. Quality assets will always trade at a premium imo. Infrastructure is already in place, production will likely be fast-tracked and also has take over appeal. The grades are high and the tonnage is large. Production costs will be relatively low and the Uranium price is likely to go higher. Looking at the technicals - it has broken out. Overhang of new issue is easily being digested. JORC compliant resource within 2 months. Looks a pretty compelling investment!
Cheers
9 yr high
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