Only discovered this stock recently - certainly looks to have huge potential. Quite hard to put a value on it atm with so many projects yet to start production - but once all its projects are online it should be a behemoth! Couldn't find any broker reports on their site - anyone know of any? Or have any more opinions of this Co?
AQA - Aquila Resources
- Thread starter Sean K
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Announcement out: Merril Lynch becomes substantial holder of AQA
they currently own: 8,655,174 shares or just over 5%
that's over 80 million dollars worth - a large investment house like this is not going to throw 80 million at something that isn't a worthwhile investment
they currently own: 8,655,174 shares or just over 5%
that's over 80 million dollars worth - a large investment house like this is not going to throw 80 million at something that isn't a worthwhile investment
aquila up nearly 5% today to $10.50
recovering all the ground lost after it went ex-bonus
a fantastic result for those who got in early enough
Fundamentally and technically this one is ticking all the boxes.
IMO this will be one of the key growth stocks of 2008
as always, DYOR
recovering all the ground lost after it went ex-bonus
a fantastic result for those who got in early enough
Fundamentally and technically this one is ticking all the boxes.
IMO this will be one of the key growth stocks of 2008
as always, DYOR
Looks as though $11.00 will fall shortly too mate, quite a spectacular run recently- very impressive stock
Sean K
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At 11.50. Something's up I reckon.Looks as though $11.00 will fall shortly too mate, quite a spectacular run recently- very impressive stock
Had an OK year...
Hopefully it's all on the iron JVs and it spills over to the partners...
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Aquila gets a mention in February edition of Smart Investor magazine. p.88 - in the snapshot section. Talking about the possibility of a 25 MTpa mine by 2010 - also the imminent Belvedere and Peak downs coal projects with a projected 7Mtpa and 9Mtpa respectively.
with their current JORC compliant iron ore resource at 265 million tonnes - hopefully investors will finally wake up to the potential of AQA .
with their current JORC compliant iron ore resource at 265 million tonnes - hopefully investors will finally wake up to the potential of AQA .
Sean K
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What's the MC to IGV on this ima?
Well, the sentiment did spill over to HLX. Been smashed the past 2 months.At 11.50. Something's up I reckon.
Had an OK year...
Hopefully it's all on the iron JVs and it spills over to the partners...
Nothing up obviously, but for such buying to occur back there (around 11.00), it was more than likely bigger players, not ex taxi drivers. (based simply on the value)
Confirmation of talk regarding big fe price contract increases this year will turn it around in my opinion.
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Could it be to do with flooding of coal mines in QLD? Most BHP coal mines in QLD will be closed for up to 3 months. Will AQA be affected too?
michael_selway
Coal & Phosphate, thats it!
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I guess that's possible but AQA have not released any info to suggest that to date.
But anyway came up strongly in the last hour to end 14.5% up for the day
I think it may have onyl been 1 buy who bought on market!
not sure though lol
thx
MS
Business Description
Aquila Resources Limited (AQA) is a minerals exploration company mainly focused on coal and iron ore project development. AQAs most advanced project is the 50% owned Isaac Plains Coal Project in the Bowen Basin in Central Queensland.
Quarterly Report just released:
Highlights:
COAL
Isaac Plains Coal Mine
• Quarterly mining and Coal Handling and Preparation
Plant (CHPP) operations in line with budget and port
capacity.
• Stocks produced to accommodate planned CHPP
rectification works In January 2008.
• Preparations advanced for relocation of BE 1370
dragline from Texas to Australia.
Belvedere Coal Underground Project
• Vale (formerly CVRD) completes exercise of option
and pays Aquila US$45 million.
• Preparation of pre-feasibility study work programme
and budget in progress.
Peak Downs East Underground Coal Project
• Coal Analysis Results indicate a Hard Coking Coal.
• Stage 2 exploration and laboratory programme
complete.
• Stage 3 exploration programme and pre-feasibility
study progressing.
Washpool Coal Project
• Additional drilling completed.
• Coal quality analysis ongoing following completion of
field exploration programme.
• Concept study commenced to evaluate potential for
coking and thermal coal project.
Red Hill Coal Project
• Follow-up drilling programme complete, with
Leichhardt and Vermont seams identified.
• Coal quality test programme in progress.
• Concept study commenced to evaluate potential for
coking and thermal coal project.
Botswana Coal
• Appointment of Mr Malcolm Campbell (formerly of
Anglo American plc) as Chief Operating Officer of the
Asenjo Energy Joint Venture.
• Approval of US$10 million programme of exploration,
evaluation and preliminary mine development
studies.
CORPORATE
• Cash and liquid investments total approximately
$229 million at the end of the Quarter.
• Acquisition of initial 13.5% interest in Cullen
Resources Limited via a share placement.
• Completion of 1 for 5 bonus issue to shareholders.
• AMCI litigation:
o Queensland Court of Appeal dismisses the
Company’s appeal relating to its claim that a
Change in Control has occurred in respect of the
AMCI subsidiaries holding interests in the
Australian Premium Iron and Bevedere Coal Joint
Ventures.
o Aquila to seek special leave to appeal the
decision to the High Court of Australia.
• Sale of Surat Basin coal tenements to Cockatoo Coal
Ltd for $1.5 million.
IRON ORE
Australia
Pre-Feasibility Study
• Port access discussions continue with other potential
users of Cape Preston and Dixon Island and the
Western Australian Government.
• First phase environmental studies nearing
completion.
• Groundwater exploration commenced.
• Sinter testwork programme established with CISRI in
Beijing.
• Mine scheduling underway to optimise resource
development.
Resource Exploration
• RC and diamond drilling programmes continue to
test Channel Iron Deposits (CID) within the Red Hill
Iron Ore Joint Venture project.
• Drill intercepts from the Kens Bore prospects
continue to add to the resource potential of the target
areas. Thick mineralised intercepts of up to 59% in
iron have been returned across the central and
southern areas of the prospect. Better results
returned include:
o 36m at 58.69% Fe;
o 30m at 59.44% Fe;
o 34m at 56.88% Fe
o 28m at 57.13% Fe;
o 24m at 56.57% Fe; and
o 28m at 55.31% Fe.
• Reassessment of the Upper Cane resource model
commenced following completion of the infill RC drill
programme detailed in the September Quarterly
report.
• Re-modelling of the Catho Well deposit,
incorporating the north-west extensions to the
deposit is in progress.
• Geological interpretation and resource modelling of
the western half of the Ken Bore deposit commenced
following receipt of final assays from an infill RC drill
programme.
• Resource estimates for the Upper Cane, Catho Well,
Kens Bore and Trinity Bore prospects will be
finalised in first Quarter 2008.
• RC and diamond drilling continued at the Kumina
Creek and Robe Exit prospects within the Yalleen
Iron Ore Joint Venture tenements to evaluate buried
CID blanketed by unconsolidated sediments.
South Africa
• Drill programmes commenced in the Northern Cape
and Thabazimbi provinces near existing mining and
rail infrastructure.
• Identification of additional drill targets and regional
evaluation activities on-going.
• Surface samples grab results of up to 67% Fe.
Highlights:
COAL
Isaac Plains Coal Mine
• Quarterly mining and Coal Handling and Preparation
Plant (CHPP) operations in line with budget and port
capacity.
• Stocks produced to accommodate planned CHPP
rectification works In January 2008.
• Preparations advanced for relocation of BE 1370
dragline from Texas to Australia.
Belvedere Coal Underground Project
• Vale (formerly CVRD) completes exercise of option
and pays Aquila US$45 million.
• Preparation of pre-feasibility study work programme
and budget in progress.
Peak Downs East Underground Coal Project
• Coal Analysis Results indicate a Hard Coking Coal.
• Stage 2 exploration and laboratory programme
complete.
• Stage 3 exploration programme and pre-feasibility
study progressing.
Washpool Coal Project
• Additional drilling completed.
• Coal quality analysis ongoing following completion of
field exploration programme.
• Concept study commenced to evaluate potential for
coking and thermal coal project.
Red Hill Coal Project
• Follow-up drilling programme complete, with
Leichhardt and Vermont seams identified.
• Coal quality test programme in progress.
• Concept study commenced to evaluate potential for
coking and thermal coal project.
Botswana Coal
• Appointment of Mr Malcolm Campbell (formerly of
Anglo American plc) as Chief Operating Officer of the
Asenjo Energy Joint Venture.
• Approval of US$10 million programme of exploration,
evaluation and preliminary mine development
studies.
CORPORATE
• Cash and liquid investments total approximately
$229 million at the end of the Quarter.
• Acquisition of initial 13.5% interest in Cullen
Resources Limited via a share placement.
• Completion of 1 for 5 bonus issue to shareholders.
• AMCI litigation:
o Queensland Court of Appeal dismisses the
Company’s appeal relating to its claim that a
Change in Control has occurred in respect of the
AMCI subsidiaries holding interests in the
Australian Premium Iron and Bevedere Coal Joint
Ventures.
o Aquila to seek special leave to appeal the
decision to the High Court of Australia.
• Sale of Surat Basin coal tenements to Cockatoo Coal
Ltd for $1.5 million.
IRON ORE
Australia
Pre-Feasibility Study
• Port access discussions continue with other potential
users of Cape Preston and Dixon Island and the
Western Australian Government.
• First phase environmental studies nearing
completion.
• Groundwater exploration commenced.
• Sinter testwork programme established with CISRI in
Beijing.
• Mine scheduling underway to optimise resource
development.
Resource Exploration
• RC and diamond drilling programmes continue to
test Channel Iron Deposits (CID) within the Red Hill
Iron Ore Joint Venture project.
• Drill intercepts from the Kens Bore prospects
continue to add to the resource potential of the target
areas. Thick mineralised intercepts of up to 59% in
iron have been returned across the central and
southern areas of the prospect. Better results
returned include:
o 36m at 58.69% Fe;
o 30m at 59.44% Fe;
o 34m at 56.88% Fe
o 28m at 57.13% Fe;
o 24m at 56.57% Fe; and
o 28m at 55.31% Fe.
• Reassessment of the Upper Cane resource model
commenced following completion of the infill RC drill
programme detailed in the September Quarterly
report.
• Re-modelling of the Catho Well deposit,
incorporating the north-west extensions to the
deposit is in progress.
• Geological interpretation and resource modelling of
the western half of the Ken Bore deposit commenced
following receipt of final assays from an infill RC drill
programme.
• Resource estimates for the Upper Cane, Catho Well,
Kens Bore and Trinity Bore prospects will be
finalised in first Quarter 2008.
• RC and diamond drilling continued at the Kumina
Creek and Robe Exit prospects within the Yalleen
Iron Ore Joint Venture tenements to evaluate buried
CID blanketed by unconsolidated sediments.
South Africa
• Drill programmes commenced in the Northern Cape
and Thabazimbi provinces near existing mining and
rail infrastructure.
• Identification of additional drill targets and regional
evaluation activities on-going.
• Surface samples grab results of up to 67% Fe.
Isaac Plains Coal Project: 232% Increase in ROM Reserves
Aquila Resources Limited (“the Company”) is pleased to announce a 232% increase in the run-ofmine
Coal Reserves of the Isaac Plains Coal Project, in which the Company and Companhia Vale
do Rio Doce (VALE) each have a 50% joint venture interest.
The Isaac Plains Coal Project is located approximately 7 kilometres south east of the town of
Moranbah in the Bowen Basin region of central Queensland. It is comprised of the Isaac Plains
North and Isaac Plains South coal deposits, separated by a distance of approximately 15
kilometres. Mining operations were initially commenced at the Isaac Plains North deposit in late
2006 at an initial production rate of 1.2Mtpa and included the construction of coal processing
facilities and associated power, water, road and rail infrastructure.
It is proposed that the Isaac Plains South deposit be developed later this year, subject to
completion of regulatory approvals, as part of the Integrated Isaac Plains Project which involves
mining operations at both deposits using a combination of truck and shovel and also dragline
methods, with processing and railing occurring at the existing Isaac Plains North facilities. The
expanded project area is shown on the attached locality plan.
Aquila Resources Limited (“the Company”) is pleased to announce a 232% increase in the run-ofmine
Coal Reserves of the Isaac Plains Coal Project, in which the Company and Companhia Vale
do Rio Doce (VALE) each have a 50% joint venture interest.
The Isaac Plains Coal Project is located approximately 7 kilometres south east of the town of
Moranbah in the Bowen Basin region of central Queensland. It is comprised of the Isaac Plains
North and Isaac Plains South coal deposits, separated by a distance of approximately 15
kilometres. Mining operations were initially commenced at the Isaac Plains North deposit in late
2006 at an initial production rate of 1.2Mtpa and included the construction of coal processing
facilities and associated power, water, road and rail infrastructure.
It is proposed that the Isaac Plains South deposit be developed later this year, subject to
completion of regulatory approvals, as part of the Integrated Isaac Plains Project which involves
mining operations at both deposits using a combination of truck and shovel and also dragline
methods, with processing and railing occurring at the existing Isaac Plains North facilities. The
expanded project area is shown on the attached locality plan.
Sean K
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Don't know about 'breakout' but volume extremely unusual. Something else going on I guess. Any speculation with merit?
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Well guys I'm trying my hand at a P&F chart here and to me it looks to be at a crucial moment.
I believe its ready to either break up or down as what usually happens in the last 2/3rds of a P&F uptrend. Well its something like that if I remember rightly.
Coal and Iron ore are definitely the products of 08 and AQA has some great prospects behind it.
I notice that the MACD is slowly climbing towards positive territory and the sp is trading between $8 and $8.50ish
RSI is right on 50....
so basicaly this could go either way real soon.
Please feel free to correct me or add your own
as I'm still trying to play this game as best I can
I don't hold AQA. But might consider selling my stake in FMG if it breaks up.
I believe its ready to either break up or down as what usually happens in the last 2/3rds of a P&F uptrend. Well its something like that if I remember rightly.
Coal and Iron ore are definitely the products of 08 and AQA has some great prospects behind it.
I notice that the MACD is slowly climbing towards positive territory and the sp is trading between $8 and $8.50ish
RSI is right on 50....
so basicaly this could go either way real soon.
Please feel free to correct me or add your own
as I'm still trying to play this game as best I canI don't hold AQA. But might consider selling my stake in FMG if it breaks up.
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