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alliance mineral resources move up
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Doffy85
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05-May-2017 20:11
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To me this is just market sentiment at work.. traders at work... must always remember it could have gone both ways at 4pm the 36 365 mark but maybe it's because it's Friday, u can see whenever 365 eats up it just stops.. meaning no willing buyers = no momentum.. in the end contra players just off load resulting in the dip.. I'm talking based on trading but if you are investing long term , then these whipsaw shouldn't affect you. Because you are buying the long term story which will only affect you if a news such as fraud .. empty mine surfaces... hope I make sense to bros here :) | ||||
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EmmGru
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05-May-2017 20:05
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chinton86
Master |
05-May-2017 20:03
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I think can buy and ride the story. |
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KopRed75
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05-May-2017 20:01
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The BBs cannot allow the price to run away before they scoop more. Nothing has changed since the annoucement except that it is now slightly more positive than before. Once the BBs collect more through the flushing exercise, the price will take care of itself. | ||||
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EmmGru
Veteran |
05-May-2017 20:00
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To all longists: A lot of naysayers will emerge soon and post endlessly how smart they are to have predicted today' s drop, how much they shorted, how crap is AMAL, how scared they are, how scared the market is, how scared pple will be on Mon, and how to sell, and if u dare, short, on strength.... I suggest for peace of mind and labor saving, just ignore them lah. Yesterday AMAL +22% just imagine the grief and gnawing of livers they went thro weeping into their pillows curled up in fetal position.... today AMAL -10% its natural they try to get their own back and spread their grief. Our day came yesterday and will come back again.. 
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timothylim890
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05-May-2017 19:52
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Well we have held on through all the (sometimes very frightening) flushing, and our conviction remained through the suspension...no reason for longists to turn tail and run now. 1Q2018 is still 1 year away.
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EmmGru
Veteran |
05-May-2017 19:38
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Ya, we' ve all been here before, a great rally followed by short attacks. Not realistic to expect price hold steady or only go up from now to 2018 and its only human to wish u can time the market well and take profit at high and re-enter cheap. But really very hard to time the market plus the price will move to fair value in a series of jerks... Burwill off-take, JORC, feasibility report, Tantalum off-take, start production, first quarter report after production, maybe the first dividend declared.... if longist take profit and exit hoping to re-enter at low, we could miss the milestones. So have to hang on thro slightly painful days when u see volatility pares down the paper profit. But all longists have to go thro tis lah, tats why not everybody can hold on long-term, it takes a lot to hold on.
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RedEye1811
Master |
05-May-2017 19:21
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As I mentioned much earlier today, there are various types of investors contributing to this thread....for those that are longists (and not trying words into mouth but think that likely includes EmmGru, amlithiumpower, timothylim890, and others) like myself then I think window is 2018 for when the value of this counter becomes properly unlocked....and as amlithiumpower noted in a great post before if going long then going to be potentially a number of ups and downs as various milestones are neared and hopefully crested...from now till 2018 just need to be patient and look for factors impact long term potential not short term...need to have a strong will and patience....and as risktaker says if a pullback and a great entry price opens and as a longists got some money to invest for the longer term and long term fundamentals look good then buy more....
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EmmGru
Veteran |
05-May-2017 19:18
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Red bro: ya lah, sheerluck is a grinch, ilke to pour regular buckets of cold water. Dun mean he dun add value, but he make sure he bash your head each time. Risktaker bro: alamak u will scare pple if u dun add context to your post. Not everybody woud have read the korean war thread or the US market will crash thread, u short dow, think korean war going to start... so want to short everything. But tat risk off mentality is not AMAL specific i.e. not AMAL has a problem alrite.
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risktaker
Supreme |
05-May-2017 19:08
Yells: "Posts are opinions. Do not take it as investment advise " |
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Market going correction or crash.... so its normal to drop...it has nothing to do with report or not report... just prepare to buy back when price is ripe...
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RedEye1811
Master |
05-May-2017 19:05
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Whilst Sheerluck' s comments can (IMO) come across as blunt at times, and sometimes confusing, I do give him credit that he does raise a lot of valid points that help to improve the debate...and if he is saying " overvalued" as key reports not out then in a sense that is true...but sometimes the intrinsic value and the true value of a stock do not match at every point in time.... And this potentially one of those...When the key reports come it will be very important as give that clearer picture.
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EmmGru
Veteran |
05-May-2017 18:57
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Ya the only data in the morningstar report is the results up to 2016... no cashflow forecast nothing.... see also blur. Agree is meaningless. Wait for Cannaccord to update their report is better.
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RedEye1811
Master |
05-May-2017 18:56
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Windbag - Again, you predicted previously that at time of lifting of suspension panic selling would happen. Did not. So why your great magic ball going to be right now? Perhaps you may wish to back up your wind with substance otherwise your wind simply smells.
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RedEye1811
Master |
05-May-2017 18:53
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You basically said what I was going to say. However, couple of points: 1. As you point out the analysis is very much based on views toward 2017. And a large proportion of the values they probably using may not factor in the contract figures precisely. 2. As with above, I think their ' fair value' analysis is pictured squarely on a timeframe of not necessarily more than a year so they unlikely to get in much of 2018 revenue etc. 3. There are still major numbers missing that can skewer their estimated inputs. For example, we do not know how much lithium is there, and what they targetting to mine each year. Further, no certain how much the tantalum by-product will be sold off to balance the production costs. As these numbers not readily available (as wait for FS etc) Morningstar could be off key. I would not entirely dismiss Morningstar but I would not put it as the holy grail and I feel they only looking into 2017 whereas if a longists like myself I am looking into 2018. 40c may be fair value as of now based on what known, but as many hurdles to be passed and missing info to come in long-term (beyond end 2017) the fair value is probably light on.
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EmmGru
Veteran |
05-May-2017 18:51
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He only mean that the JORC and feasibility reports haven' t come out yet lah. Not overvalued based on facts but overvalued becos haven' t receive the facts. He always say tis, get used to it.
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Wind22i
Supreme |
05-May-2017 18:51
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Price drop heavily..~10 mil share dumped near closing..could be force selling...the drop is just over 10%!!
Nxt monday more cld panic... |
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amlithiumpower
Senior |
05-May-2017 18:49
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Agreed. Without new info they already can appraise AM fair value as 40c. Just imagine when the new info is updated.
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timothylim890
Veteran |
05-May-2017 18:37
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The Morningstar report seems to be based on AMAL' s numbers to-date which are technically meaningless because revenue is only coming in 1Q2018. It has not taken into consideration Burwill offtake announcement, Bald Hill mine life and ore info, potential tantalum offtake etc.  If you ask me, this report is underinformed and useless compared to say, Canaccord Genuity' s report.
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RedEye1811
Master |
05-May-2017 18:34
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Windbag - You still not answered my question from yesterday. You predicted that when opened after suspension if fall by half. Never happened. You the supposed wizard you claim to be, then why it not half the value when it was suspended?? I am waiting your enlightenment.
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Wind22i
Supreme |
05-May-2017 18:28
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Huge selling -drop just over 10%..
Many panicking? |
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