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AAM - A1 Minerals

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Finally the old girls getting the attention she deserves

It makes you wonder whether there might be some truth to those CRE rumors (although hotcopper isnt exactly a fountain of truth )
 
We did get 30 cents. Maybe >40 cents on an announcement and, then, some cap raising for a mine? The buy side looking very strong and the sell side virtually gone. Market cap still <$30 mil.
Good luck to holders,
Dratoz
 
Dratoz said:
We did get 30 cents. Maybe >40 cents on an announcement and, then, some cap raising for a mine? The buy side looking very strong and the sell side virtually gone. Market cap still <$30 mil.
Good luck to holders,
Dratoz
Click to expand...
Dratoz, can you please try to add some form of acceptable analysis to any price targets. Thanks!! kennas
 
Down heavy today. I think AAM rose to much too quick again. It has done this before only to crash back down to 20c.

This stock has bounced between 20-30c many times before and has never managed to do much else unfortunately.
 
Gar said:
Finally the old girls getting the attention she deserves

It makes you wonder whether there might be some truth to those CRE rumors (although hotcopper isnt exactly a fountain of truth )
Click to expand...

yes and it also makes you wonder what happens if there isnt any truth to those rumours! especially if it is those that fuelled it up to 30c. When nothing happens it will drop back down again.

Good for daytrading I guess if this happens. Probably why the guys on hotcopper spruik such rumours.
 
kennas said:
Dratoz, can you please try to add some form of acceptable analysis to any price targets. Thanks!! kennas
Click to expand...

Kennas,
Apologies if my post could have been understood as ramping. This is something I do not do. I will need to be more careful in my future posts .
Cheers,
Dratoz
 
Considering that at 30 june 2006, the top 20 shareholders do not contain any large banks, looking at 30 june 2007 ANZ appears with 1.7m shares, which could explain some abnormal large volumes traded during the year. This makes me think that the recent speeding ticket and lack of co. announcements makes me think that other large players are jumping on board.
Just a thought?? I've requested an up to date list of top 20 from the company, will let you know what i find.
Cheers
 
Heres latest top 20 got it from full year accounts

Shareholdings at 21 September 2007

John Dennis Williams 6,416,666 7.14
Debbie Lynne Williams 3,750,000 4.17
Archem Trading NZ Limited2,050,000 2.28
Bronzewing Gold Ltd 2,000,000 2.23
Sheerwater Pty Ltd 2,000,000 2.23
Wapimala Pty Ltd 2,000,000 2.23
ANZ Nominees Limited 1,717,326 1.91
Berne No. 21 Pty Ltd 1,500,000 1.67
Clune Hire Pty Ltd 1,400,000 1.56
Dinah Susan Dudney 1,399,835 1.56
Roy Leslie Dudney 1,399,835 1.56
Mr Murray James and Mrs Kathleen Veronica Hull 1,098,000 1.22
NZ Guardian Trust Company Limited 1,025,000 1.14
Allnew Pty Ltd 1,005,000 1.12
Forty Traders Limited 889,509 0.99
Avela Pty Ltd 831,500 0.92
Bruce Birnie Pty Ltd 754,755 0.84
College Holdings Pty Ltd (Super Fund) 719,667 0.80
Mark Mirko Hronsky 643,268 0.71
Mr Lye Kit Lee 608,000 0.68
33,208,361
36.96
 
hey aplhaman
agree it adds to aam charm. looks like narnoo is quite prospective for nickel.
i'd imagine that they would have to spend some money on drilling etc to float, and with feasability for gold almost done and capital spending coming up to get gold mine running, i'd think they would like to see as little spending or dilution for us shareholders as possible. probably need an agreement with another company for a little cash and ~70% interest, and get them to do all the drilling etc.
this management have been excellent so far at spending wisely and looking after us, i reckon they can keep doing it.
 
Skegsi,
I do not subscribe, but buy at my local Newsagent and read every month. Worth the money for sure.
Regards,
Dratoz
 
AAM was up 13%+ with strong buy. Any good news gonna come out soon?

I entered in at 30.2c average price, with 100000 shares.... looks good.. what a happy day..

cheers
 
I hope so. Have a look at the links a couple of posts ago.
Feasability due out soon for Brightstar. Nickle prospectivity, starting drilling programme and looking for global interest for sale/JV. Roadshow starting ?next week over east. Plenty of news due, lets hope it's good.
 
Yesterday was great, broke out on good volume and hasn't pulled back much today

Do you have any more information on the roadshow skegsi?
 
Is 3000ppm NI a good grade or not?

i was confused by the speach of this: "Dr. Hronsky was most recently Manager-Strategy & Generative Services for BHP Billiton Mineral Exploration, and was previously Global Geoscience Leader for WMC Resources. Dr. Hronsky concluded, “the Narnoo belt represents a very rare example within the Yilgarn craton, of a greenstone belt that has been demonstrated to contain prospective high-magnesium komatiite units but has seen no previous nickel exploration. This alone makes this belt a high-priority nickel sulphide exploration target.” In addition “Narnoo is a totally covered greenstone belt with existing geological knowledge totally derived from aeromagnetic surveying and limited previous drilling which was focused on gold”.

it sounds like good, but 0.3% is really bad IMO.
 
not sure about the grade. i'm sure heaps of people here could tell you, or you could google. I think they were excited about the fact that there has been some nickel found from historic drills and they are linked with the high-magnesium komatiite. So the potential may be there for it to host one of the few remaining unexplored major nickel sulphide deposits. I think its about the potential, not that they have drilled a hole with high grades etc.

Not really sure about much else with the roadshow. I read on another forum that they will do Sydney, Melbourne and NZ, and ?starting next week. To be honest I'm not too fussed as I know they're undervalued and it's only a matter of time, roadshow and nickel etc. all help but the main thing is that they have a great undervalued resource in Brightstar and the feasability should highlight that.
 
I think the 3000ppm is reasonable given that the hole was drilled looking for gold rather than nickel?
 
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