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.

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

As it went higher is on a larger spread at the moment as the MMs have change price recently, needs someone on a large size pay more than 10.50p then someone will go at bid 10.50p

only 1 MM at 10.75p offer, next 11p

8 at bid 10.25p

10.75 / 11p

Is certainly going places today and EVO the dominant MM on the stock is on the bid
Level 2 is 1 v 2 at the moment as it just change the price

And UP she goes now 11 / 11.50p+1.375p on the day

and 6 v 3 on the level 2 on volume of 3.3M

not large volume bu so far almost all buying, so MMs are upping prices on any small size

What to do? is rising today


I guess the main arguments against are:-
(i) ANR has such asset backing and such a low price that downside risk is probably very low for the patient investor
(ii) one might miss a rise in ANR while out of Altona
(iii) one should have a diversified portfolio and moving may concentrate risk (depending on the portfolio makeup).

I dont wish to say anything against Altona, and Gene Grant may well be right. I will keep some funds here, and in several others with strong potential, as part of my balanced portfolio.

Although I wouldnt go as far as the message from these gals .....

http://www.youtube.com/watch?v=RTJXwOs2_bA
.

This was tipped as a "Buy" in The Times last Friday.

Cielo,

Very good!!