Alliance Resources (AGS): Loser

Submitted by Marco on Sat, 12/05/2007 - 05:33.

Alliance Resources (AGS) was the worst performing company on the Australian sharemarket this week (loser of the week for week 18 of 2007). The gold miner lost 19 percent of it share value in a week after the release of a report on one of its uranium deposits.

Alliance Resources Limited is listed on the Australian Stock Exchange (ASX) under stock code AGS. You can view their investor website here. AGS was listed on the ASX on 19 October, 1994. Alliance's core business is as a uranium, copper and gold explorer. Alliance operates the Maldon Gold Project in Victoria and has a 25% free carried interest (Quasar Resources Pty Ltd – 75%) in the Arkaroola Project in South Australia, where its joint venture partner Quasar is exploring for uranium, copper and gold. In 2005 Quasar discovered the Beverley 4 Mile uranium prospect on the JV tenements. Steve Johnston is the CEO of Alliance Resources. Check your charts and good luck with your share trading!

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