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I contacted A1 asking how often they plan to give "update" announcements, but had no luck with replies, will try calling them soon. Has anyone been able to get much out of them?
AAM - A1 Minerals
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Almost back down to my original buy price 
could be time to jump back in again if it gets any lower..
could be time to jump back in again if it gets any lower..
Pivotonian
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Below my entry price (0.295) now
I'm very disappointed with the performance of this one over the past few days.
I'm very disappointed with the performance of this one over the past few days.
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Almost back down to my original buy price
could be time to jump back in again if it gets any lower..
Below my entry price (0.295) now
I'm very disappointed with the performance of this one over the past few days.
Gentlemen,
A little more content would be nice to see. Why do you think the price of AAM is easing? Where do you see support? Is there anything worth commenting on in the announcement released this morning?
Please try and add some value to your posts in stock threads. Remember, your posts exist for other people to read, so please do your best to contribute some useful content.
Thank you!
I think its more just that the SP is easing off slowly until more positive news is announced. The same happened late last year when the price spiked to 45cents and then eased down to 38c on the back of little news. I think once exploration news and continual gold pouring news comes through you will see a steady increase back to the high 30c mark.
Hopefully this is the case anyway, agree that its getting close to another good buying opportunity now.
Hopefully this is the case anyway, agree that its getting close to another good buying opportunity now.
tja125 - AAM communications is like a silent fortress. none to speak of, no matter what. its poor.
They need to cut ties with ________ who advised them of the timing for the cap raising. That was the dumbest timing i have ever seen. Absolutely pathetic.
angus - i agree completley, in the fullness of time we will see results, forcing sp to respond. As long as managment can be trusted not to pull any wifties like they did last week.
AAm is good enough to stand tall if managment can resist chopping it off at its knees.
They need to cut ties with ________ who advised them of the timing for the cap raising. That was the dumbest timing i have ever seen. Absolutely pathetic.
angus - i agree completley, in the fullness of time we will see results, forcing sp to respond. As long as managment can be trusted not to pull any wifties like they did last week.
AAm is good enough to stand tall if managment can resist chopping it off at its knees.
Up until recently they had been doing a sufficient job. However I think there are added expectations that comes with being a producer and they may be just struggling initially with getting this right. However i'm confident in the company, and its the same management that have got them here so i'm sure they will bounce back.
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Hi, I'm a long term accumulator of AAM.
The MD sold 268500 shares at 37.7 cents on 24Dec, look at the announcements since. Do you feel you were informed? He's converted loads of 2011 options at 20c..... did he need the money in AAM? why didn't he convert the 2010 options at 30c?
For my part since mid 2008 the issued shares have increased form approx 109mil to 178mil ...look it up That's a dilution of value. Mr Williams holding haven't been diluted. He got 6.5 million shares at 8cents. Is "got" the right word?
I'm doing an analysis of the effect and of the lack of reporting and issues. EG Gold pour of 7KG approx is 1 to 2 days worth only. Hard to claim its a pour and I believe it's 2-4 weeks before the current problems are resolved. 29th Jan quote "Carbon loading with Gold ready for first pour". We get no detail... do you think the people subscribing at 25c are putting up 4mill odd without any additional information>?
Who was offered shares at the hugely discounted prices? 8cents ?? 19cents?? etc.
I am interested in stopping the further erosion of my holding without proper analysis of the costs. Do you believe that the Directors thought that $1.1m raised at 8cents would be enough to get the company to pour gold.
1.1 at 8cents announced on 6th May 09, complete on 22 May 09 PS there was a share price spike .... mmmm and suddenly extra shares were issued at 8c....mmm
Then everything changed and 22June 09 we got offered shares at 13cents but limited quantity to 115000.
Let me know what you think
Regards
The MD sold 268500 shares at 37.7 cents on 24Dec, look at the announcements since. Do you feel you were informed? He's converted loads of 2011 options at 20c..... did he need the money in AAM? why didn't he convert the 2010 options at 30c?
For my part since mid 2008 the issued shares have increased form approx 109mil to 178mil ...look it up That's a dilution of value. Mr Williams holding haven't been diluted. He got 6.5 million shares at 8cents. Is "got" the right word?
I'm doing an analysis of the effect and of the lack of reporting and issues. EG Gold pour of 7KG approx is 1 to 2 days worth only. Hard to claim its a pour and I believe it's 2-4 weeks before the current problems are resolved. 29th Jan quote "Carbon loading with Gold ready for first pour". We get no detail... do you think the people subscribing at 25c are putting up 4mill odd without any additional information>?
Who was offered shares at the hugely discounted prices? 8cents ?? 19cents?? etc.
I am interested in stopping the further erosion of my holding without proper analysis of the costs. Do you believe that the Directors thought that $1.1m raised at 8cents would be enough to get the company to pour gold.
1.1 at 8cents announced on 6th May 09, complete on 22 May 09 PS there was a share price spike .... mmmm and suddenly extra shares were issued at 8c....mmm
Then everything changed and 22June 09 we got offered shares at 13cents but limited quantity to 115000.
Let me know what you think
Regards
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Hi, I'm a long term accumulator of AAM.
The MD sold 268500 shares at 37.7 cents on 24Dec, look at the announcements since. Do you feel you were informed? He's converted loads of 2011 options at 20c..... did he need the money in AAM? why didn't he convert the 2010 options at 30c?
For my part since mid 2008 the issued shares have increased form approx 109mil to 178mil ...look it up That's a dilution of value. Mr Williams holding haven't been diluted. He got 6.5 million shares at 8cents. Is "got" the right word?
I'm doing an analysis of the effect and of the lack of reporting and issues. EG Gold pour of 7KG approx is 1 to 2 days worth only. Hard to claim its a pour and I believe it's 2-4 weeks before the current problems are resolved. 29th Jan quote "Carbon loading with Gold ready for first pour". We get no detail... do you think the people subscribing at 25c are putting up 4mill odd without any additional information>?
Who was offered shares at the hugely discounted prices? 8cents ?? 19cents?? etc.
I am interested in stopping the further erosion of my holding without proper analysis of the costs. Do you believe that the Directors thought that $1.1m raised at 8cents would be enough to get the company to pour gold.
1.1 at 8cents announced on 6th May 09, complete on 22 May 09 PS there was a share price spike .... mmmm and suddenly extra shares were issued at 8c....mmm
Then everything changed and 22June 09 we got offered shares at 13cents but limited quantity to 115000.
Let me know what you think
Regards
I agree there is some questionable dealings that have gone on and the disclosure has also been questionable. I was unaware the MD had offloaded quite that amount of his own shares at that stage
... The dilution at this later stage shouldn't matter so much if they could only keep us a bit more informed and not issue any more rediculously cheap stock, the SP would have a bit more confidence. As others have mentioned, when there is good news and things look ok the price goes straight up, but slides because of management's ill communication or actions. I mean their questionable actions aside the company is still very undervalued considering what we are told is in the ground yet to be mined... But i would like to hear any other opinions you have AAM Shareholder as you obviously know a little more background than myself, (I have only held since Nov 09).AAM Shareholder, thats a very interesting analysis. Does show a bit of a trend that is both interesting and opportunistic. Basically seems that if AAM releases good news, you should sell into the SP rise, and buy back in when management decide to issue some cheap shares afterwards.
We have harped on about it a fair bit lately in this thread, i'm not sure if they have any people that check this or if anyone has re-iterated these issues with AAM. But the next 6 months will be interesting I feel. I believe they are undervalued, but the actions of people involved and their announcements could sway on whether im happy to continue being a shareholder, or look for the nearest exit.
We have harped on about it a fair bit lately in this thread, i'm not sure if they have any people that check this or if anyone has re-iterated these issues with AAM. But the next 6 months will be interesting I feel. I believe they are undervalued, but the actions of people involved and their announcements could sway on whether im happy to continue being a shareholder, or look for the nearest exit.
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Quick Update
J Williams Director actually sold shares on 4 occasions ....see AAM Announcements... re "change of Director Interest" and "Appendix 3Y" ........at the same time he converted 2011 options at 20c
I can assume only this was to capitalise AMM while he figured out how to raise more $. Also Mr Hunt converted 1million options at 20cent. Note these were 2011 options not the 2010 which cost 30cents.
The $ converted was always approx what he sold. There was no other logical reason to convert .......unless they want to increase their control.
In total J. William sold approx 1.36millian shares at approx 36.9, 37.7, 37.8, 34.89 (rounded)
Were we told that the plant etc had delays?
Did they announce the capital requirements? except to issue and issue more shares at real discounts.
Did they devalue your / my holding?
Google Insider Trading.... it something like the following generic quote
"Trading while in possession of information that is generally not available and would be likely to have a marked effect on the price or value if it were known"
I want to vote against the resolutions as they enable another issue of up to 15% of a now increased number of shares.
ps check these details for yourselves
J Williams Director actually sold shares on 4 occasions ....see AAM Announcements... re "change of Director Interest" and "Appendix 3Y" ........at the same time he converted 2011 options at 20c
I can assume only this was to capitalise AMM while he figured out how to raise more $. Also Mr Hunt converted 1million options at 20cent. Note these were 2011 options not the 2010 which cost 30cents.
The $ converted was always approx what he sold. There was no other logical reason to convert .......unless they want to increase their control.
In total J. William sold approx 1.36millian shares at approx 36.9, 37.7, 37.8, 34.89 (rounded)
Were we told that the plant etc had delays?
Did they announce the capital requirements? except to issue and issue more shares at real discounts.
Did they devalue your / my holding?
Google Insider Trading.... it something like the following generic quote
"Trading while in possession of information that is generally not available and would be likely to have a marked effect on the price or value if it were known"
I want to vote against the resolutions as they enable another issue of up to 15% of a now increased number of shares.
ps check these details for yourselves
Sean K
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Good work on going back through the announcements AAM s. And being a shareholder skeptic, as we all should be. Everyone has an agenda in this game.
Agree that this seems unervalued on the basic numbers as I've mentioned previously. It definately pays to use tonnages, grades, etc as just a filter before delving deep to assess a company's real potential.
Agree that this seems unervalued on the basic numbers as I've mentioned previously. It definately pays to use tonnages, grades, etc as just a filter before delving deep to assess a company's real potential.
Will be interesting to see if these options keep being released now that they are in production and in the spotlight a bit more. Pretty annoying that if it continues to happen when they have pretty much no need now to generate cash through that method.
As i've said before, next 6 months are where it will be interesting.
As i've said before, next 6 months are where it will be interesting.
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Are we allowed to discuss the voting forms we just received?
i had a very quick read thru them and i dont usually worry about voting or posting them back. i think they had something to do with options..
i had a very quick read thru them and i dont usually worry about voting or posting them back. i think they had something to do with options..
Further more the Tranche 1 announcment also said they are still targetting 30,000 oz per annum.
So its a remote possibility next week we could have a very significant gold pour that will ignite this thing.
If they are targeting 30K oz , thats 2500 oz per month, two weeks since initial pour , minus a bit for teeting problems, we should be seeing a 1200 oz plus pour imo. depending on thier moulds of course. Last one was 213 oz, so 1000 - 1200 oz approx would be my target.
I think people are expecting a smooth transition with no technical problems, not teething problems. And that just doesnt happen on most occassions. 90% of all aussie junior goldies never even pour an ounce of gold, so they are in the top 10% performance wise. Yet forum communtators are expecting them to operate like BHP . It wont happen. They have few personell and are working their buts off to achieve a massive task that most fail to achieve.
Im in accumulation mode for the excitment and speculation next week. hoping to be free carried on AAM some time next week.
Good luck to all.
So its a remote possibility next week we could have a very significant gold pour that will ignite this thing.
If they are targeting 30K oz , thats 2500 oz per month, two weeks since initial pour , minus a bit for teeting problems, we should be seeing a 1200 oz plus pour imo. depending on thier moulds of course. Last one was 213 oz, so 1000 - 1200 oz approx would be my target.
I think people are expecting a smooth transition with no technical problems, not teething problems. And that just doesnt happen on most occassions. 90% of all aussie junior goldies never even pour an ounce of gold, so they are in the top 10% performance wise. Yet forum communtators are expecting them to operate like BHP . It wont happen. They have few personell and are working their buts off to achieve a massive task that most fail to achieve.
Im in accumulation mode for the excitment and speculation next week. hoping to be free carried on AAM some time next week.
Good luck to all.
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Interesting replies from other AAM shareholders
I don't believe there will be a gold pour announcement next week!
I got the hint several days ago that it's 2-4 weeks and I'd bet on the latter being nearer the meeting, why do you think that the meeting is 4 weeks off?
Shareholders should read and VOTE. The directors now essentially have numbers to pass what's good for themselves UNLESS we vote against them. Look at channel 7 and what happens when control is ceded.
I wonder how many of the shares issued at 19cents are still held? I also wonder how many shares were issued at large discounts to associates. The share spike in May last year was not on rumors I think it had to do with a 8 cent issue.
ps re Condog's comment Tranche1 issue said they were targeting 30000..... That's been the target for a long time. They are attempting to modify the mill and cir4cuit to process 60000 pa.
BUT they had options to Toll mill 2 years ago and not issue any extra shares. Imagine self funding..
Issuing shares at 8cents changed the company control and these should have been issued at a hefty premium. I want an independent director not a self interested one.
I don't believe there will be a gold pour announcement next week!
I got the hint several days ago that it's 2-4 weeks and I'd bet on the latter being nearer the meeting, why do you think that the meeting is 4 weeks off?
Shareholders should read and VOTE. The directors now essentially have numbers to pass what's good for themselves UNLESS we vote against them. Look at channel 7 and what happens when control is ceded.
I wonder how many of the shares issued at 19cents are still held? I also wonder how many shares were issued at large discounts to associates. The share spike in May last year was not on rumors I think it had to do with a 8 cent issue.
ps re Condog's comment Tranche1 issue said they were targeting 30000..... That's been the target for a long time. They are attempting to modify the mill and cir4cuit to process 60000 pa.
BUT they had options to Toll mill 2 years ago and not issue any extra shares. Imagine self funding..
Issuing shares at 8cents changed the company control and these should have been issued at a hefty premium. I want an independent director not a self interested one.
Directors with Self interest can have some positive sides as well though, just depends on their actions. instead of getting these options at massive discounts, getting them at fair value and growing the stock so he makes a SP gain the same as any other regular shareholder.
I think there will be a pour next week, but I don't believe it will be as significant as you think condog. I believe that there will be a slow but steady rise to where they reach their estimated output, I don't believe they will reach it straight away. I think the SP will match this slow but steady rise but with a lag effect. So next weeks pour may not effect the SP, but say 2 weeks after that when another pour is made and its another slight increase, then you will see a slight increase in the SP as well.
Obviously any exploration results within this timeframe will effect the SP as well, whether it be positive or negative dependant upon the results. Hopefully discounted options and shares to sophisticated investors or directors becomes a thing of the past and as the company begins making profit, this is what is used to generate growth and director payments, not by diluting the holdings of general shareholders.
If equity raising is to occur, it should be available to everyone, not a select few who obtain the large discount while the remainder of us feel the pain of it, both in a diluting sense and a SP drop sense.
I think there will be a pour next week, but I don't believe it will be as significant as you think condog. I believe that there will be a slow but steady rise to where they reach their estimated output, I don't believe they will reach it straight away. I think the SP will match this slow but steady rise but with a lag effect. So next weeks pour may not effect the SP, but say 2 weeks after that when another pour is made and its another slight increase, then you will see a slight increase in the SP as well.
Obviously any exploration results within this timeframe will effect the SP as well, whether it be positive or negative dependant upon the results. Hopefully discounted options and shares to sophisticated investors or directors becomes a thing of the past and as the company begins making profit, this is what is used to generate growth and director payments, not by diluting the holdings of general shareholders.
If equity raising is to occur, it should be available to everyone, not a select few who obtain the large discount while the remainder of us feel the pain of it, both in a diluting sense and a SP drop sense.
its funny you both seem to be disagreeing with me by re-emphasising what i said.
Let me be clearer perhaps.
Initial gold target was 30,ooo oz p.a. - yesterdays announcment still aims for 30,000
Intital production will take a while to ramp up to 2500 oz per month, hence lets hope to see about 1000 oz 1200 tops, but less is ok.
Announcment clearly stated pour next week. Although we know from experience, that could mean in the next few weeks, but none the less the market will surely get excited next week.
Right now red hot buying imo. DYOR .
Both the previous posters , you should be contacting the company in writing about your distrust or dissapointment with cap raisng details, other wise how else are they to know and fix the problem.
AAM hsareholder, becareulf what you wishj for , share holder advocates that take control of boardrooms, nearly always bring small companies to thier knees, by accellerating the loos of good personal. Yes its dissapointing, but its the way its done when capital is at a premium and cash flow not yet flowing. Would you prefer them to pay several hundred thousand for a prospectus, take three months of premium quality man hours to do the leg work. I hate it to, but i think you just need to tell the company and move on. If you hate it that much get ou, and by into another junior goldie like BCN or HEG.
Let me be clearer perhaps.
Initial gold target was 30,ooo oz p.a. - yesterdays announcment still aims for 30,000
Intital production will take a while to ramp up to 2500 oz per month, hence lets hope to see about 1000 oz 1200 tops, but less is ok.
Announcment clearly stated pour next week. Although we know from experience, that could mean in the next few weeks, but none the less the market will surely get excited next week.
Right now red hot buying imo. DYOR .
Both the previous posters , you should be contacting the company in writing about your distrust or dissapointment with cap raisng details, other wise how else are they to know and fix the problem.
AAM hsareholder, becareulf what you wishj for , share holder advocates that take control of boardrooms, nearly always bring small companies to thier knees, by accellerating the loos of good personal. Yes its dissapointing, but its the way its done when capital is at a premium and cash flow not yet flowing. Would you prefer them to pay several hundred thousand for a prospectus, take three months of premium quality man hours to do the leg work. I hate it to, but i think you just need to tell the company and move on. If you hate it that much get ou, and by into another junior goldie like BCN or HEG.
I don't see how i'm re-emphasising what you said?
All I agreed with is that there will be a pour next week. I disagreed with your estimates and said I think it will be less, and I disagreed with your SP prediction of the market getting excited next week.
I'm halfway between yourself and AAM Shareholder. He seems very pessimistic about AAM while you seem very optimistic. I definately see the value and potential in AAM just like yourself condog, but the recent activity has left a sour taste, just not quite as sour as AAM Shareholder seems to depict.
I agree right now is a great buying opportunity, but I think the catalyst for a major SP rise will be exploration activity in combination with steady gold pouring, rather than the gold pours alone.
just my thoughts.
All I agreed with is that there will be a pour next week. I disagreed with your estimates and said I think it will be less, and I disagreed with your SP prediction of the market getting excited next week.
I'm halfway between yourself and AAM Shareholder. He seems very pessimistic about AAM while you seem very optimistic. I definately see the value and potential in AAM just like yourself condog, but the recent activity has left a sour taste, just not quite as sour as AAM Shareholder seems to depict.
I agree right now is a great buying opportunity, but I think the catalyst for a major SP rise will be exploration activity in combination with steady gold pouring, rather than the gold pours alone.
just my thoughts.
