Conroy Gold and Natural Resources – Anglo Asian walks, in comes Demir Export AS but I still say SELL.
I have reported the CEO of AIM Casino listed Altona Energy (ANR) to the FCA for insider dealing. Nicholas Lyth is as guilty as sin and there cannot be a more clear cutr case out there. If the FCA does not act then it is admitting that the rules do not matter any more if you are "part of the club". Let me explain.
And there we have it. Today’s announcement of the placing at Altona Energy (ANR) to raise £735,000 at 0.5p completes a very successful, oft–repeated, operation at the lower end of AIM, namely the placing, followed by the industrial-sized ramp, followed by the placing – the “PRP”. It is worth looking at in closer detail.
Anyone who follows the lower end of AIM will have spotted the recent excitement and massive share price increase at Altona Energy (ANR) following a heavily discounted keep the lights on placing at 0.05p on 13 October. I couldn’t help but notice the name of John Zorbas cropping up and suspect that he has found something new and shiny to get excited about.
If you want me to analyse a stock for you just drop me a line at firstname.lastname@example.org - Today I look at shares in Altona Energy (ANR), Orogen Gold (ORE) and React Energy (REAC) setting share price targets for all three stocks.
Volatile AIM performer Altona Energy (ANR) stands to receive £500,000 any day now as a first payment from Chinese partner Sino-Aust Energy Group as part of an A$33 million (£16 million) funding package agreed late last year for the company's Arckaringa coal-to-methanol, and ethanol underground coal gasification (UCG) project in South Australia. is that a trigger to view the shares as a speculative buy?
Shares in Australian coal play Altona Energy (ANR) have bounced almost 50% to 0.43p since we highlighted director Nicki Lyth’s recent flight to China to save the company’s 7.8 billion -tonne Arckaringa coal project in South Australia. Now sporting an AIM value of £2.8 million, the company, whose shares traded above 8p five years ago, awaits the first tranche of A$6 million (£2.75 million) due in early December as part of the A$33 million which its Chinese joint venture partners, Sino-Aus Energy Group and Wintask Group, have been persuaded to put into Arckaringa.
In terms of what can be seen on the daily chart of Altona Energy at the moment it can be said that we have a classic mix of positive reversal signals that should be more than enough to turn the stock around in a significant way after an extended bear run.
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