AQA - Aquila Resources

[Sean K]

Hi Go Nuke, I'm not full bottle on P&F but I agree with your other comments. Personally I'd be waiting for a break either way if trading on a chart, but trend by the indicators looks up, ish..Hard to tell what it's worth funnymentally until the feasability is done on the API JVs. Will be interesting to see how the relationship with all their other JV partners goes (RHI, CUL, HLX) and if they end up taking any of them over or are just investing in them to ensure no one else takes them...

 

[imajica]

AQA appears to have broken out of its recent trading range of $8-$8.50

currently at $8.79 up nearly 5%

 

[Go Nuke]

Indeed it has my fellow Avatar friend

Enough for me to jump on with alot more buyers than sellers lined up.

Are there any ann due for AQA?

You said something about a BFS Kennas?

 

[reece55]

Indeed it has my fellow Avatar friend

Enough for me to jump on with alot more buyers than sellers lined up.

Are there any ann due for AQA?

You said something about a BFS Kennas?

This one is still relatively unknown out there, but is certainly getting on the radar.... One of the few stocks around with both coal and iron ore exposure.

Their coal interests are fantastic and plenty of Iron Ore potential. Nice move today, sitting on good profits so far......

Cheers

 

[Go Nuke]

It does seem like a great company but I was just waiting for it to break out of its pattern for a hopeful quick buck, but even though volume is up for this stock its just not going as well as i had hoped short term.

Therefore I will probably sell tomorrow and most likely take a loss.

Depends on what the DOW does overnight perhaps?

 

[imajica]

have a bit of vision Go Nuke! the fundamentals are rock solid - the uncertainty in the market is not limited to Aquila. I have a feeling the patient will be rewarded with this one!

 

[michael_selway]

have a bit of vision Go Nuke! the fundamentals are rock solid - the uncertainty in the market is not limited to Aquila. I have a feeling the patient will be rewarded with this one!

Yes great company (still explorer though) but could be a good time to buy if it falls alot etc

thx

MS

 

[Go Nuke]

have a bit of vision Go Nuke! the fundamentals are rock solid - the uncertainty in the market is not limited to Aquila. I have a feeling the patient will be rewarded with this one!

LOL, oh I have vision and I think AQA will go great guns...what I dont have is money..lol.
Lets just say I borrowed money I dont have hoping that Aquila would go up enough for me to make at least a 10% gain over a 3 day period..which it didn't.

I was forced to take a 5% loss instead

 

[imajica]

highlights from the BMO Capital Markets 2008 Global Metals and Mining Conference – Powerpoint Presentation

West Pilbara Iron Ore Project

* Aquila’s objective is to develop a 30Mtpa operation
* Current resource of 260 million tonnes (JORC)
* FOB operating costs likely to be US$15 – 20 per tonne
* Revenue estimate of ∼ US$60 per tonne (2008 prices)
* Pre-Feasibility Study to be completed by March 2008
* Updated resource statement due in Q2 2008

 

[michael_selway]

highlights from the BMO Capital Markets 2008 Global Metals and Mining Conference – Powerpoint Presentation

West Pilbara Iron Ore Project

* Aquila’s objective is to develop a 30Mtpa operation
* Current resource of 260 million tonnes (JORC)
* FOB operating costs likely to be US$15 – 20 per tonne
* Revenue estimate of ∼ US$60 per tonne (2008 prices)
* Pre-Feasibility Study to be completed by March 2008
* Updated resource statement due in Q2 2008

Yeah doesn't look too bad, long mine life always good

thx

MS

Belvedere Coal Underground Project
* Aquila – 24.5%
* Resources – 2.7 billion tonnes (JORC)
* Coal quality – low vol hard coking coal, low phos, sulphur, and ash with good yields 80%-90%
* Vale holds an option to acquire balance of the project at fair market value after Pre-Feasibility Study
* Pre-Feasibility commenced based on 2 longwalls producing up to 9Mtpa
* Two additional tenements granted to the west and south
* Port capacity applied for at Wiggins Island
* Mine life – 40+ years

 

[reece55]

Nice move today, bit of an explosion out due to potential takeover rumors..... Looks to have broken through the resistance level it has been attempting to hit for some time...... plenty of buyers about still here.....

Anyone still in here.... still going strong for me.....

Cheers

 

[imajica]

I plan on holding for the medium to long term

got in at $8.28 so pretty happy at the moment - AQA is a great company

 

[RedHerring]

Finally broken that $9.00 ceiling, looks like that level will now offer support.

I've averaged in for just over $8.00, risk definitely appears to be to the upside. Hard coking coal and iron ore prospects, plenty of exciting announcements to come by the end of 1Q08.

"[first half] result [net profit after tax to $85.9 million] provides the Company with a sound financial platform with which to aggressively pursue the development of its exciting iron ore and coal assets in Australia and Southern Africa."

If they just had a producing gold mine they'd be perfect!

Good luck holders.

 

[imajica]

Aquila resources in trading halt as of this morning. With media speculation over a possible takeover one can only assume that the next announcement will be a big one! you don't call a multiple day trading halt for nothing - good luck to all holders

 

[IOT]

CUL in a trading halt too...AQA been buying CUL up over the last few months and last notice was about 15% I believe

 

[Gekko]

Aquila resources in trading halt as of this morning. With media speculation over a possible takeover one can only assume that the next announcement will be a big one! you don't call a multiple day trading halt for nothing - good luck to all holders

Like many, i really do see AQA as the best big cap takeover target in Australia. ACMI should lean from BHP and RIO's reluctance to take over FMG and take them out at $15-$20. A $5 range given is large, but it may take up to $20 to take out good old aquila.

 

[Go Nuke]

Great.
I took a loss afew weeks back on AQA now this. perfect.

Explains why HLX is up too I guess.

Good luck to you guys holding.
I'm off to hang myself.
:aufreg:

 

[Sean K]

Great.
I took a loss afew weeks back on AQA now this. perfect.

Explains why HLX is up too I guess.

Good luck to you guys holding.
I'm off to hang myself.
:aufreg:

LOL GN, hang in there mate. I mean....well, good pun, he he. I agree HLX may be going in sympathy. Interesting situation with ACMI/AQA/CUL. Could result in a tie up. ACMI requesting the books has to mean they want AQA doesn't it?

 

[grace]

imajica, you told us it would happen with this one and it has. No real sellers in that column.
Speculation also that the ox/zin merged might try and take this one out as they are after both iron ore and coal to give a nice all round company.

Congratulations to all holders today.

 

[michael_selway]

imajica, you told us it would happen with this one and it has. No real sellers in that column.
Speculation also that the ox/zin merged might try and take this one out as they are after both iron ore and coal to give a nice all round company.

Congratulations to all holders today.

Hi Grace you mean there are rumours that ZFX/OXR may takeover AQA?

Any links?

Thanks

MS