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.

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!!

Yesterday's EVOLUTION note .........

08 November 2010
Altona Energy (ANR.L) Buy -
Heating up
A recent visit to South Australia exhibited the potential of Altonas
Arckaringa coal project. The company has good relationships with the
South Australian authorities and, we believe, is laying solid foundations
for the future. The Chinese joint venture partners are now building
critical mass in Adelaide and we expect that this stage will be completed
before the end of the year. In the meantime, considerable background
work is ongoing and we believe that the parties will be able

Valuation
We have undertaken a range of updated valuations for Altona focused on a
mixture of where we currently perceive the group and how we anticipate the project
to be developed over time. From a current 12-18 month valuation of around
35p/share we see considerable longer-term upside to 60p as the project moves
closer to production.

Recommendation
We expect that Altonas news generation is set to move up a gear in 2011 as the
company pushes ahead with the work required to complete the various studies that
will feed into a development decision. Given the nature of the Chinese joint venture
partners this may be made ahead of completion of a formal bankable feasibility
study, in which case CNOOC-NEI is required to arrange bank finance for the project.
This would ease Altonas financial requirements and potentially enhance equity
value. Against this backdrop, and with a 35p target price, we reiterate our
recommendation on the stock. Buy.

ALTONA - Evolution note

Seems to be quite active again today, volume over the last 2 days as increase a lot maybe the Chinese are thinking of buying us out alltogether.

TFC ..... so you're still keen on this one i take it

Long term winner this cynic, buy in and tuck it away if you can. No probs! Brought in at 10p. Give it two or three years, then it will be rocket time. 8-)

interestingly, IG had closed their book (long) so had to persuade to allow purchase of a few

Cynic take a look at bao as well. Drilling and jorc news due anytime now. Its been forgotten while others have risen this new year. imvho gl

lol! ..... just posted there

SPOOKY !!

Another great little share guys....hang on to it....

cynners ....as keen as mustard mon ami.../ ticks all the prerequisite boxes / Have quite a sizeable holding from 8p when its tec chart spelt BUY .........Have you a position yourself ? ........hasten to add have traded it about half a dozen times but always kept a core holding . Perhaps a tad small for yourself but you know the old adage ,,,,,from acorns do great oaks grow et ect ect ..........Have a feeling the Chinese will buy us out what with their appetite for this resource

i do now (since yesterday), but only about 55% ration

.....pretty sure you will make some spondoolies here .........some big players recently entering the lists buying seven figure numbers at top of the market...........So you back off to Dubai / reading an article recently about Dubai and UAE and how their debts will impact quite horribly esp. on London and NY and even Euro banking system . Quite terrifying really-all to do with buying of gold on COMEX that doesnt exist ,,,,,,JP Morgan implicated as custodian / am expecting trouble with regulater there soon .Am surprised news hasnt come into the public domain as yet

my view of UAE is slightly different, but i'll try to get a better feel when i'm over there ..... for sure the ex-pats buying property over there were just greedy fools and will have been deservedly badly burnt if they were trying to lease to or to sell on ..... however, i get the feeling that construction is slowly starting up again, and certainly that will be proven if i see cranes working

as for the euro, i concur that it's in for a very bad time and i would be a seller of same if forex was my idea of fun ..... it is not entirely impossible that we'll end up with a 2-tier euro, though i'm not sure that that would work any better .... that said, i guess it would result in massive devaluation for some countries and the effective expunging of debt

In the land of the I O U gold is king.

TIME FOR A BOUNCE BACK FROM THIS POINT spread 11.75 / 12p

Reasons:
At this point is a 61.8% fibonacci retracement ( the best % )
The level 2 is strong 8 v 2
Indicators at oversold and share price at lower Bollinger Band ( buy time )
Buyers paying full price now a bit earlier was 11.90p and 11.95p

As the chart of "money am" are wrong I posted others