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AAM - A1 Minerals

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The best thing about their Brightstar find is its buried less then 2m deep and only 100-400m from their plant....

So its like an ATM with cash from day 1...... no deep digging or tunneling before the cash starts flowing.....

Also at 63g/tonne its not just a tiny find its and extremely high grade find right at the surface, right at the plant....

For a very small company this is like finding Gold .....
 
Anyone got any idea what caused the massive jump up in price yesterday? Gold price wasn't shooting up this fast, and there were no media releases that i know of. I know they were due to announce some things soon, maybe this is just insider information coming out early?
 
Good gold price.

Announcement released on the 23rd sunk in.

Higher market overall due to sentiment.

AAM had fallen from 42c to 29.5c on no bad news... and no volume whatsoever. Made it easy to rebound....

People wanting to buy in before the holidays, as they don't want to chance missing out on gold news whilst the market is closed.
 
I think it may have got a write up in The Eureka Report, which would have spurred buying. I am not a subscriber, so perhaps a subscriber could confirm this.

There was an announcement for the company on the 23rd also, but not a lot in it: http://www.asx.com.au/asxpdf/20091223/pdf/31mxlhjk49w12p.pdf

Technical analysts could have got excited on the 22nd with a bit of a buy alert (depends on the sort of technical analysis one does). Chart attached below (no I didn't see it on the day, no I don't hold, and no the signals don't always 'work').
 

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Timmy, I think with a bit of careful reading, there was a lot in that announcement...

It certainly wasn't disappointing.
 


Seems i foolishly thought that since i was on A1 Minerals email list, that i would receive this announcement at the same time as asx, but actually it was on asx and not anywhere else really, not even on their own website. Might be noted for anyone else who signed up to be on their email list.
 
Miner I have no problems with helping others and sharing information for the benefit of many.....but as a fellow subscriber to the Eureka report I find it troubling that you would blatently breach copyright like this.....

Giving the general nature of a report or small snipets is fine, but to blatently cop and paste a complete report like this is out and out copyright and detracts significantly from the value to other subscribers.....

I really respect almost every word you write in here but this is not on and the mods by law need to dlete that post.
 

ASX is the first place for all anouncements....good online brokers will be almost simultaneous, but the company emails usually lag by at least 30 min and some up to a few days....
 
I'm curious how the rest of you guys read the last announcement on the 04/01, stating that a director let options expire at 35c. Is this any reflection on the confidence in the price here, please correct me. ?
 
who knows too many reasons...it seems dumb, but maybee he was on site somewhere with no access and forgot to exercise, perhaps on holidays, sick family....who knows....you see it all the time...

No big concern.....brightstar looks very promising so I wouldnt go worrying and the speculator strarts up tonight....his last post was on AAM, instilling confidence in investors....perhaps he will now think its even more attractive and raise his holdings....
 
Any recent news,
They were supposed to start mining/processing in December, since then we have heard nothing?
 
Yeh they where, they are now targeting feb.... they have been stockpiling and processing so expect an imminenet announcment...
 
Sorry i'm knew to the forums, as i'm only 23 years old and only been working in the financial services industry for a year this was my first speculative buy. Our business subscribes to Eureka report and after the speculators words and some research I did myself they seemed like a genuine opportunity.

Just wondering how many others managed to buy in before the capital raising and get some at 13 cents?

Been waiting the last 2 weeks for an announcement from them regarding their first pour (as in december they stated it was only 2 weeks away). I'm hoping sometime very soon they can give an update/announcement. I feel it will really give the share price a kick up but I guess we will have to see.
 
The Q report stated feb for pour as expected and said commissioning may take several weeks.... so expect mid to late feb...
 
Any recent news on aam.
Considering their earlier statements everything has gone very very quiet.
Any reasons for this?
Are they waiting for the gold price to bottom or start rising?
 
beaul said:
Any recent news on aam.
Considering their earlier statements everything has gone very very quiet.
Any reasons for this?
Are they waiting for the gold price to bottom or start rising?
Click to expand...
Neither.

They are waiting for their gold pour to complete.

I, er, suggest that you read their latest quarterly!???
 
Thanks for that, i thought i checked a couple of days ago but I must have missed it.
It does seem everything is on track.
 
beaul said:
Thanks for that, i thought i checked a couple of days ago but I must have missed it.
It does seem everything is on track.
Click to expand...
No worries buddy.

I am not sure if I would say everything is on track...........

Unless, of course, Williams meant "Before Christmas" or "December" or "early January" to be December 2010/January 2011....

I somehow get the feeling that isn't true though.

But, it will be nice to eventually get some old. Tuesdayish next week?
 
Their first pour was originally scheduled for 'late 09' but due to finding it a bitter harder then expected to get skilled workers and also the extended time it took to get some permits through (from memory) it has pushed it out to now. However I highly doubt they will push it out any further and their last statement said it would occur in feb.

So I don't think they'd say that just a few days before feb unless they knew they were extremely close. I'm with ricee, expect an announcement of some-sort within a week, possibly 2.

They've slowly traded down from the mid .40 range to where it is today (0.32) on basically no announcements or bad news, just a slightly weakening gold price. However I'm hopeful that once the first pour is announced, a jump to the mid .40's again is quite possible.
 
Do not forget the Cyclonic / flooding weather etc they have just had.... this makes it impossible to do anything.... site possibly closed and getting pumped as we speak...Id be expecting an update and possible delay
 
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