Altona Resources Epic ANR is an excellent long term play for any investor, with excellent prospects for growth over the next few years.

Completion of pre feasibility study for coal to liquid (CTL) plant. Q1 2008.
Open cut coal mine bulk sampling at Wintinna to define 700 million tons coal to JORC standards.
MOU with South Australia's largest electricity producer to supply 4 million tons coal per annum for 25 years.
Extension of MOU with BP Australia, to evaluate power generation and CTL development.
7.8 billion tons of sub bitumous coal in situ.
Progress in a bankable feasibility study, to produce 10 million barrels CTL per year, with a 560 MW co-generation power facility, based in the 100% owned licence for the Arckaringa project in South Australia.
The 3 licences held by Altona are in the Permian Arckaringa Basin and are located close to rail and road links.

Project Base Case, 10million tons coal, CTL producing 10 million barrels of zero sulphur diesel fuel, and 560mw power for export pa.

It seems the share price has gone into clear downtrend position again, there was a chance of reverting but it did not.

selected for the UPS just a bit earlier
Master RSI - 2 Sep'10 - 15:24 - 77 of 77
ANR 8.45p ( 8.40 / 8.50p )

reason: volume and rising since yesterday, if continuing rising would be from the recent bottom and a double bottom . Only one MM at offer and no giving stock online, so meaning short of stock

In auction I'm in just before
buys at premium something a foot?

lol

When a stock is in auction you cannot buy for the offer price quoted, anybody
buying in auction will be stung with a premium so nothing is afoot as you suggest.

yes well done ravey that's correct, i got mine just before the auction as i said.

Moving up nicely now with the Market Maker AMBR, mosly on the bid as is the leader on the stock

Level 2 is 1 v 1 spread 9.05 / 9.25p

From the "UPS" thread ............

Master RSI - 22 Sep'10 - 12:05 - 142 of 143 edit
KEEP an EYE

ANR 8.125p (8 - 8.25p)
Reason: Volume buying is picking up as the retracement has reached bottom. Level 2 is very positive as there are 7 v 1. Buying price is still a little above middle price 8.183p for middle size but full price for 100K. If bouncing as expected then it will be a double bottom. Slow Stochastic at bottom 0

Two large trades same amount for 3.5M shares at 6.50p, could easily be a buyer and a seller, most likely an overhang being cleared.

So already at 8.75 / 9.25p +0.875p

Bought some more today....might have helped....

Nice comeback today. Nearly back to levels yer devils for me. 8-)

massive surge in volume today ...any news coming?

re - any news coming?

news no good for me, just think is oversold and bouncing

news about the bank feasibility study funded by the chinese could set this one alight.

Yesterday's charting from the UPS

Holding for a breath at 10p, on a strong Level 2 of 3 v 1, it was a bit earlier 10.125p

5 days chart

spread 10.25 / 10.75p +0.25p

on the UP with positive Level 2 now 4 v 2

the last 10.40p trades were buys from EVO ( not sell on -moneyam - trades ), that just move up on the bid 9.37am after the second trade at this price.

up on the bid 10.50p and only 1 MM at offer 10.75p

Ready to break the 11p as the Market Maker AMBR went to 10.75p bid is a 100K size, WINS has join in ( can not be trusted, up and down like the hore's knickers) after the 2x25K buys at 10.90p, but now buyers are paying close and last one full price 11p offer

through 11p heading for 15p!

From the "UPS" thread ( short term ).......

KEEP an EYE

ANR 10 - 10.25p +0.375p

Has moved into 5 MMs on the bid and volume buying is building up, should move higher this time as EVO
went into the bid, large trade most likely will appeared later