AGS 0.00% 17.5¢ alliance resources limited

new director, negotiate settlement, sell, page-95

  1. 3,620 Posts.
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    Mosely ... I'm pumped

    Wasa ... around 10c IMO is the floor. There must be a sweet spot

    MD ... the problem with all these short term reactions is that you need to find a long term answer. I agree that Fukushima was most unhelpful but aside from taxes and death, increasing energy demand is also a certainty. I can burn coal (Chinese pollution demands they move away from coal as primary source, India yet to exhaust); gas expensive; site inventory management of bulky fuels will always be a problem in densly populated countries.

    I also think that uranium is a a long term commodity which will rattle with short term issues ... I think I seen an article where good ol' Russia might need to come to market because they have exhausted material recovered ex its fleet of nuclear weapons.

    I think in the next 60 days announcements re mining imminent commencement will be share positive ... 20c +. Regardless of whether AGS agree or disagree, Quasar will (and I expect probably must) commence mining to avoid a significant demobilisation cost plus sourcing material elsewhere).

    Good luck!
 
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