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A1M - AIC Mines

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Go Nuke said:
Some nice news regarding Paulson's Mine.

http://imagesignal.comsec.com.au/asxdata/20080410/pdf/00831312.pdf

Gee if only we could see rise in the sp to reflect how good things are going for this company!!!

Currently up 13.95%. Hopefully it can keep above that resistance at 24c and push up through 26c....though I wont hold my breath:rolleyes:
Click to expand...

Hole PDU384, 7.7 meters @ 117.3 g/t Gold...is this Bonanza grade?
Hole PDU382, 10.4 meters @ 10.2 g/t Gold
Hole PDU385, 4.5 meters @ 16.3 g/t Gold

Nice hits...be even nicer the see the SP back around 30 cents.:rolleyes:
 
117.3 g/t gold is fantastic, but from where I sit what is even better are the facts that:

1. The exploration for these deposits were achieved at minimal cost. There must be some clever guys in the mine team, as they predicted the mineralisation.

2. The new zone is only 40m down from current infrastructure allowing easy integration into the existing mine, this is an extraordinary cost saving.

3. These results, so soon after the merger, proves what a "merger made in heaven" it was.

Just hold on Nuke and Cynical the SP will go way over 30 cents.

IMHO
 
Intrepid have paid off their Paulsens Mine Debt 6 months early...not a bad effort, now lets hope they can get a bit more mine life, and the share price can rise. And Caposo coming along the future looks a lot better.

Trav :)
 
there were some seriously big trades today. One in the moring worth $188.8K!

Ok probably not big in some regards, but big for IAU I would have though.

Good to see it staying above 30c too:) Though at 38c I'll break even.

Given the past sp and now combined with Intrepid, i dont see why we cant see the sp of old return.

What are the biggest downsides to this company now?
Other than the POG falling.
 
2 Anns out today, all good news...and i think its clear to see that IAU has broken out.:D

Intra day high of 40c today on news of the good drill results (Gold & Copper) from Indonesia.
 

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Some pretty big orders went through today. Could someone be buying up?
3 trades of 81,145 shares went through within seconds of each other. Also a cross trade of 250,000 shares @ .35c and another 2 trades of 100,000 shares:)

Ive thought about selling this stock, but figured i should probably hold considering it looks to be trending up from a long trend down.

And gold could possibly have further to go with this ecomomic uncertainty:rolleyes:
 
Go Nuke said:
Some pretty big orders went through today. Could someone be buying up?
3 trades of 81,145 shares went through within seconds of each other. Also a cross trade of 250,000 shares @ .35c and another 2 trades of 100,000 shares:)

Ive thought about selling this stock, but figured i should probably hold considering it looks to be trending up from a long trend down.

And gold could possibly have further to go with this ecomomic uncertainty:rolleyes:
Click to expand...

Hm do you know what the expected mine life is at full production?

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -12.0 0.4 3.4 12.5
DPS 0.0 0.0 0.0 0.0

thx

MS

Date: 4/6/2008
Author: Jo Clarke
Source: The Australian Financial Review --- Page: 59
Exploration prospects for gold in Indonesia may confirm Brad Gordon'scomeback. Analysts believe that Gordon is carefully rebuilding Emperor Minesafter a disastrous experience in Fiji during the military coup of December 2006.In mid-2007, after some necessary but painful asset sales, Gordon invested in amerger with Intrepid Mines. Since late 2007, his management and cash resourceshave provided some "blue sky" with the Tujuh Bukit gold project inIndonesia. In mid-2006, Intrepid's share price was $A1.38. It dropped to$A0.20 before closing recently at around $A0.35
Click to expand...
 
Hmm, I'm a bit lost here.

Merryl Lynch becomes a substantial holder....and the share price hits rock bottom??

I thought things would have picked up once the merger deal was done and dusted?:confused:
I mean gold has come off a bit...but does that warrent this gold producing company valued at 18.5c??

Maybe its only me and Merryl that see some kind of value in this stock:confused:
 
:)

Hi folks,

IAU ... huge volume on Friday last, with a morning star as well !~!

Looking like a v-bottom in place, just after a few positive cycles,
last week ..... let's see if any traders jump on board, this week ..... :)

Updated IAU chart, below.

have a great weekend

paul

:)

=====
 

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Gone up 10.53% by luch time today - hopefully we'll see a good result for the end of the day...

Any1 wanna talk about the positives and negatives of this company.

At current share prices it could be seen as undervalued???
Considering after the merger iau is now a chashed up gold producing company and meryl becomes a sunstantial holder.

Maybe this is the turning point ;)
 
Well we have yet another substanial holding today from Acorn Capital.

That would have been the second lot of shares that were crosstraded recently.

Thats an interesting way of looking at a chart Paul. Makes it look.....more positive:)

Like all gold stocks..getting smashed at the moment.
 
Yea I was just examining these guys today as well bankit :)

Looks good to me!

The long term chart is simply too technically impaired to be of any use unfortunately.

Also, exploration results seem pretty poor for their Indonesia site so far?

They define these as significant

From surface to 487.8metres (End of Hole)

GTD 49 and 41:

487.8 metres @ 1.34 g/t gold, 28.26 g/t silver, or 1.77 g/t gold equivalent
including
212 metres @ 2.26 g/t gold, 44.08 g/t silver, (2.94 g/t gold equivalent)
from 166 metres down hole

From surface to 432.3 metres (End of Hole)
432.3 metres @ 0.75g/t gold, 21.16 g/t silver, or 1.07g/t gold equivalent
including -
52 metres @ 1.05g/t gold, 7.4g/t silver (1.17 g/t gold equivalent) from 12
metres down hole
54 metres @ 2.34g/t gold, 48.74g/t silver (3.09 g/t gold equivalent) from
146 metres down hole
44 metres @ 0.93g/t gold, 16.36g/t silver (1.18 g/t gold equivalent) from
214 metres down hole
100.3 metres @ 0.38g/t gold, 37.02g/t silver (0.94 g/t gold equivalent)
from 332 metres down hole
Click to expand...

Worth it, as long as AUD POG holds up?
 
487.8 metres @ 1.34 g/t gold, 28.26 g/t silver, or 1.77 g/t gold equivalent
Click to expand...

This result at least is not far off bonanza material (depending on metallurgy etc). Nearly half a kilometre of continuous ore-grade? Not super-high-grade obviously but over this fantastic width, it becomes very interesting. Blow it up, shove it through the mill as a bulk earth-moving operation. Not much grade-control required if the mineralised section is so thick and continuous.
 
Beautiful rounded bottom.

Scarlettesque in fact!

Nice results out.

Seems like it might survive.

:2twocents
 

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kennas said:
Beautiful rounded bottom.
Click to expand...

Hey just like the ex wife :)

---------

Its all good news for IAU, RE: Paulsens extension and the Indo
and Argentine developments.

No debt, no hedging and producing 70000+ ounces per year.
 
For what its worth a heard that Simon (Robinson I think it is from Wilson HTM..but dont quote me on that) the guy who's regularly on the Business channel "your money your call", give this stock a rap the other night.

And why not. Gold at great prices and no hedge book.
Bout time really. Been holding since 38c so I hope to see some money in the near future:)
 

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