AAM - A1 Minerals

[Sean K]

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.

Yeah that's disappointing Gar. I wonder how much you (we) can trust in any advice such as that down the track...

In regards to news of this first pour being significant and it's effect on the sp, this might be a good test case to see if it is really that significant, or not. I mean, it's expected. It's not a surprise. Those that follow the stock know it's going to happen one day. It's ho hum factored in perhaps. Could be even a buy the rumour sell the facts jobbie. We'll see.

 

[McCoy Pauley]

The market seems to have liked the announcement, though. SP up 7% the last time I checked and is back around $0.30/share.

 

[condog]

Hes spot on , labour shortages all round in WA, starting to cause delays. Get used to it on most your stocks that are operating in WA and soon QLD.

These things happen, but a little more communication helps and they will learn from that.

 

[jonojpsg]

Yeah that's disappointing Gar. I wonder how much you (we) can trust in any advice such as that down the track...

In regards to news of this first pour being significant and it's effect on the sp, this might be a good test case to see if it is really that significant, or not. I mean, it's expected. It's not a surprise. Those that follow the stock know it's going to happen one day. It's ho hum factored in perhaps. Could be even a buy the rumour sell the facts jobbie. We'll see.

Agreed kennas, it's obviously well known what is happening. The more significant thing is going to be whether they can control costs to the $600/oz that they estimated and whether the grades are going to hold with what they predicted.

Obviously though if the reserve is JORC grade it should hold pretty much to their estimates, but it only takes a few points less to make some difference, eg they are targetting 3g/t if they hope to get 30koz from 300k tpa plant, but if grade comes in at 2.9g/t, they get 1koz less, or $1m less revenue. Doesn't sound like much though, and given POG is $500 above that anyway, it looks like a pretty comfortable margin.

Am looking forward to seeing the gold poured though

 

[phantomcamel]

Hes spot on , labour shortages all round in WA, starting to cause delays. Get used to it on most your stocks that are operating in WA and soon QLD.

These things happen, but a little more communication helps and they will learn from that.

Not only labour folks, anything commercial Toyota is now extremly hard to get. LC70 series easy 5 months wait + the conversion. Similar for HILUX etc.

 

[condog]

This is the week. First gold pour to be confirmed this week. Announced last week by company that definitely done by this week.

Expect rerating on announcment. Theres been a lot of negativity due to the delay and once a decent pour is confirmed expect a fair bit of excitement .

 

[Sean K]

This is the week. First gold pour to be confirmed this week. Announced last week by company that definitely done by this week.

Expect rerating on announcment. Theres been a lot of negativity due to the delay and once a decent pour is confirmed expect a fair bit of excitement .

This is a bit hyperbolic, imo. We know they are going to pour. I think it will depend on the mood of the day. If gold goes up $100 and the XAO is up 2% on the same day, then it will be a big move. If reverse, reverse. Fundamentals and minor news have very little to do with the daily movement of stocks. If they came out with an significant unexpected announcement, or planes flew into some important buildings, that would be price moving news.

 

[condog]

Kennas, this is a major announcment that will re-rate the company. Just on delay alone it dropped 20% last week, only to correct when the MD came out and announced we would definitely have a result announced this week.
This one is not following the gold price at all. It will in due course, but as its not yet a producer, its following its sentiment and speculation of it becoming a producer at this stage.

 

[Gar]

I still feel there is a bit of doubt in peoples minds regarding the gold pour so I still believe we will see a significant jump on the results...

Only my opinion though, based on people I have been talking to.

It would be very nice if we did get the announcement coinciding with a descent rally in gold but we'll just have to wait and see

 

[condog]

do the maths if they can produce say 16kg gold per month. Its Staggering.

It will have no choice but to go.

 

[AngusSmart]

I'm starting to wish i bought in a little more, but will see how the next few days pans out.. tho i will miss alot dew to traveling back from the Usa.

 

[Gar]

Trading halt until monday, pending a cap raising announcement

That'll be handy to hold off selling if the pour doesn't happen this week as promised

 

[tehnoob]

Does anyone have a reason for the trading halt today? Surely it wouldn't be to announce the first pour.

 

[condog]

Does anyone have a reason for the trading halt today? Surely it wouldn't be to announce the first pour.

Yes it will be to announce first pour, or difficulty with first pour. Undoubtably its a halt while they pour.

 

[Gar]

Does anyone have a reason for the trading halt today? Surely it wouldn't be to announce the first pour.

Read page 2 of the announcement.

"The company requests immediate halt in the trading of securities pending an announcement in relation to capital raising"

 

[tja125]

seems strange that they are doing this at such a crucial time, or maybe it isn't strange but a convenient coincidence...

 

[condog]

Read page 2 of the announcement.

"The company requests immediate halt in the trading of securities pending an announcement in relation to capital raising"

yes i missed that

very wierd unless its for a very good cause ther might be a lot of current holders on the phone

it must be for plant problems or to fast track the upgrade??? very very odd timing with sp about to jump.

 

[phantomcamel]

They are trying to raise cash so they can afford the gold pour???
Obviously it is a strategic move...

 

[Sean K]

They are trying to raise cash so they can afford the gold pour???

LOL, At last count they had $2m in the bank, so this 'first pour' (if it happens) perhaps wasn't going to really immediately fix their dwindling cash holdings anyway. Or, maybe it's strategic, as you say.

very very odd timing with sp about to jump.

Yes, they should listen to an internet avatar about how to time their announcements. It's just so obviously going to spike 20+% ish on this news. Why aren't they thinking about the day traders who are waiting for this event in order to sell out on a good profit?

 

[kermit345]

From reading what John Williams has wrote in many previous announcements and also in articles in some respected newsletters etc. It sounds like he has put many years of blood and sweat into getting the company to where it is now, with still a (in my eyes) very good outlook over at least the next 6-12 months, and possibly further.

They probably have minimal consideration for the day traders (which is possibly a bad thing as in any business you want to bend a minimal amount of noses out of shape) but when the trading halt ends there will still be the rise everyone is anticipating.

I'll be looking for some guidance as to what the capital raising funds will be used to achieve what goals, which will help me decide on an exit strategy.