AAM - A1 Minerals

[condog]

Its now mid feb which was the earliest we should expect a gold pour announcment....Theres been no announcment so we can assume delay or damage is not to significant...

The flooding & continual wet weather surely would have delayed at least 2 weeks, but time will tell... Im hoping now to see an anouncment by late feb early march...anything earlier then that would be a real surprise IMO...

Inital poor of 30-60kg should see significant sp rise of 16-60% in my opinion...based on amatuer calcs only and PE of 10 vs sector ave of 14...so DYOR and seek expert advice...

 

[kermit345]

I think over the next 1-3 months the SP should at least test and pass the 40 cent mark that it seems to struggle with surpassing.

First pour means the mine is completely operational, producing revenue stream and hopefully profits, which can be further injected for exploration not to mention the possibility of resource upgrades.

All of these are the potential upside which I personally see can push the share price past 40 cents on sentiment alone. Downside risk is now basically any site problems that occur or resource downgrades. resource downgrades are unlikely, due to how heavily the initial announcements are regulated and site issues I can only see having minor effects on the share price long term, even though it may have short term sentiment effects.

 

[Donga]

Holding a cricket team of gold juniors and AAM given their resource relative to market capital and about to produce is one of my stars as look much under rated. But then so do a many others at the moment with this high POG.

Expect SP to head north once they ann the pour and get some attention

 

[Gar]

This weeks the big week guys, Bollinger bottles at the ready :

I'm looking forward to the JORC upgrade down the track too

 

[kermit345]

I'm also very optomistic and excited about the impeding announcement to hopefully come within the following 5-10 trading days.

When you say a JORC upgrade down the track, what time-frame are you thinking? I'm hoping that once the mine is fully operational and producing revenue to be invested into exploration, that it can continue to find decent resources in the next 6-9 months. Your thoughts?

 

[Gar]

It's purely speculation but I'm hoping that next quarter we should see some of the new turtle zone results being factored in

 

[Sean K]

This weeks the big week guys, Bollinger bottles at the ready :

I'm looking forward to the JORC upgrade down the track too

It's purely speculation but I'm hoping that next quarter we should see some of the new turtle zone results being factored in

Gar, have you got anything to actually add insofar as analysis to support your seemingly bullish tid bits?

Seems to be a lot of fluff developing around this thread.

 

[Gar]

I have an email from John Williams received on the weekend stating that they are still on target for gold pour this week (on the office computer at the moment though so I can't quote directly tonight)

It was also stated in the last quarterly that we will be pouring in february

As for the time-line on a resource upgrade I'm purely speculating as I stated

 

[ricee007]

Seems to be a lot of fluff developing around this thread.

Oh, so, you've never been to HC ? You think this is fluff? ?

I am quite dissapointed with the lack of SH communication by AAM, and wish they would listen to repeated calls to improve it.

 

[Gar]

The email from JW:

(name removed)
We are still looking good for First Gold Pour next week.
Regards
John Williams
Managing Director
A1 Minerals Limited

 

[Sean K]

Thanks Gar.

For a near producer A1 look cheap compared to some others on my Gold Comparison. Trading at about $33 an ounce while some junior explorers are 40s and 50s. Market must be factoring in limited exploration upside perhaps.

Just $2m in the bank. If they don't start pouring very soon they'll be off to the market again.

 

[Gar]

Yeah its a bit of a worry, but the directors have been converting options hand over fist which is helping feed the burn.

Anyway, I'm a lot more confident this week than I was last week

 

[jonojpsg]

The email from JW:

(name removed)
We are still looking good for First Gold Pour next week.
Regards
John Williams
Managing Director
A1 Minerals Limited

Hey Gar,
That email was from last weekend yes? Which means first gold pour this week?

Yep kennas, at $33/oz they are good value especially given they are finding pods of high grade at/near surface around the plant. If they can hit a few more of those it will definitely give the SP a leg up.

$2m in the bank should get them through this initial startup phase though - then at 30koz a year and net $500+/oz gives them $15m a year to explore with, or give back to shareholders

Still, have been burnt with VRE at similar production rates, although they had lower grades and much lower POG. Will be reassuring to see the first three months pan out the way it's supposed to

 

[kermit345]

It will be interesting to see if the announcement not only relates to the first pour, but when they plan to start using any income to begin further exploration. It's nice to have a bit of a time-line around the general schedule they plan on working around.

 

[Sean K]

It will be interesting to see if the announcement not only relates to the first pour, but when they plan to start using any income to begin further exploration. It's nice to have a bit of a time-line around the general schedule they plan on working around.

A broard plan should have been as part of the production plan for the tailings PS, within a 10 +/-% range. They were only every to recover 85% ish, but that is to be determined. Then minus tax, loyalties, bribes, movement to offshore accounts, etc, and you're left with profit.....

 

[AngusSmart]

After seeing they were trying for capital raising?? @ .20 latest announcement (only briefly flicked thru it after coming home from pub lastnite) so not sure its correct what i say..

I'm away on holidays at the moment. and put in an order the other day @ .30
i since changed it to .28 and was out this morning for lunch came back to see my order completed

i hope they dont go down anymore tho .28 was an alrite price i think! well i hope!!

welcome aboard perhaps??

 

[Gar]

Hey Angus, welcome aboard, Nice pickup!

That wasn't a cap raising it was just somebody exercising some 20c options that were previously issued (it does inject 200k into the company though)

 

[kermit345]

I'd say today's lower share price is a pretty darn good entry point considering majority of us are expecting a positive announcement within the next 2 days.

 

[condog]

One to watch, expecting announcment of first gold pour tomoz or friday

It will dissapoint if no announcentn by mid day friday, could provide good buying.

A good announcment may see big upswing as its then technically a producer. Possible a cash flow positive one. ??? wait see. but watch

Looking for 30kg+ pour, 60+ would inspire watchers. imo DYOR

 

[Gar]

Next week now

I know its only a small set back but I must admit that I'm getting a little tired of being BS'ed to by management on this one.

Anyway, enough whinging, I'll continue to hold and look forward to the big day