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AAM - A1 Minerals

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Just saw the back end of a TV ad for A1 Minerals on CNBC. What the hell are they doing forking out thousands of dollars for TV advertising?

I dont own, just interested in why a small cap with dodgy background and no retail customers would be advertising...
 
In regards to the A1 minerals and St george mining. seeking to raise $4,000,000

Just received a letter about St george mining IPO a brief outline regarding a1 about this as follows.

Says On november 5 2009 St george mining acquired the narnoo gold and nickel project from a1 comprising of 10 tenements covering 519sq. km's 150km's east of laverton,

another 2 tenements were acquired from a1 on the 10th june 2010 A1 retained a 2% smelter royalty in regard to minerals extracted and sold from these two.


John Prineas

Executive chairman
 
Best gold pour yet for A1 Minerals as operations ramp up

The steady improvement in gold production for A1 Minerals Ltd saw its largest gold production yet with this week’s gold pour of 516 fine ounces of gold and 347 fine ounces silver.
The estimated value of this dore is $696,600

A1 Minerals chairman Michael Hunt said “It’s gratifying to see the operation building up towards its intended gold production level after the teething pains we have suffered with both mining and milling operations. Our next step is to complete building the gold room so we can pour on site”.

The operation is now under the supervision of A1’s Technical Director Bill Hobba who supervised CPC Engineering’s renovation and assembly of the plant last year.

The company has engaged mining consultants Optiro to provide advice on improving the geological and in pit grade control methods currently being used at Brightstar.

Mr Hunt added: “I expect that during the next quarter the company will be consistently achieving its target of producing at the rate of 30,000 ounces of gold per annum”.

Yours sincerely,
Albert Longo Finance Director – A1 Minerals Limited


our new chairmans name is mike hunt. :bananasmi
 
my cents worth for what it's worth

1. Prawn: re advertisement seemed to be JW's last attempt to raise the share price prior the the SPP at 18c. I can't see these costs in the last 5B statement
2. Angus Smart re St George: read their prospectus carefully. Tim Hronsky was a director of A1 Minerals. The assignment of Narnoo and other sales .... they were cash poor and sus the rest for yourself. I don't believe that A1 got value for any of it's tenement sales. Read prior announcements by JW touting Narnoo as a terrific holding....mmmm
3. Michael Hunt has been the chairman of A1 Minerals for quite some time...he's also responsible for where it's at..... why is you little man jumping?

Last announcement: if extrapolated AAM targets 25,000oz p.a. costs were not announced. The next 5B will be interesting. An analysis of the last 3 or 4 makes leaves me questioning???

I suspect that the importance of Bill Hobba is greatly underestimated.
 
any guidance on this company... looks like its bottomed out... surely an announcement couldn't be far off...

Haven't been following long but compared to a non-producer exploration company isn't this a good bet...
 
haro said:
any guidance on this company... looks like its bottomed out... surely an announcement couldn't be far off...

Haven't been following long but compared to a non-producer exploration company isn't this a good bet...
Click to expand...

We've been waiting for that announcement for 6 months....... wheres the gold?

Stay away, thats my advice! poor management that seems to chew up investors money on a constant basis, they gift themselves options all the time.. wheres the gold??

they do sneaky deals and sell off assets, i find the grades they "apparently" have unbelievable, even tho they aren't that great.. Wheres the gold???

i just simply dont have trust in them anymore. look around for investor sentiment i am sure everyone will agree

if you want a junior goldy thats going well look at NST
 
I'm inclined to agree.

Though I see they are doing a new web site to no doubt deflect attention from announcements.

This is an incredibly frustrating stock so my reponse when I have spent time researching and yet still bought such a non perfoming stock is always to trade with a stop loss.

.005 cents between .105 and .11 is a bit of a gimmee. Just check the chart!

More than one way to skin a cat!
 
Next announcement likely to be a trading halt prior to going into administration, or "We've gone cashflow positive". No other alternatives, given that the last qtly showed they had no cash in the bank. Knowing this, I bought a few at 11c as a double-or-nothing type of bet.
 
Sold out of my AAM today - I'm afraid this company's going down the gurgler. It's been an incredibly frustrating ride, with seemingly very poor communication between the company, its directors and shareholders.

Let this be a lesson to all that you must ALWAYS trade with a stop loss! I also agree with the previous poster's comments - next announcement will either be "going into administration" or "we've actually made some money". You know which way I stand...
 
willow007 said:
Sold out of my AAM today
Click to expand...
Me too. The recent share price action and lack of announcements from the company re the cash position makes me think things will not end well. Let's face it, if things had gone well cash-wise, you'd think they'd announce it ASAP, shouting it from the rooftops.
 
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