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AET - Ausmelt Limited

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Ausmelt have been forgotten of late, that is, after their run-up from 20 cents. The company have very many new contracts and the latest are agreements with Zinifex and Yong Poo Corporation.

Looking good for 2007 are AET, IMHO.
 
Ausmelt trade at $1.05 and have not moved much since the stock spike last October. I am still holding about half my investment since the 400% run up. Ongoing contracts plus a 5% interest in Peculier Knob Royalties, through a 5% holding in S.A.S.E., and ADC., are both a future plus.
 
windwalker said:
Still holding in this one
Click to expand...

Looks very promising on the non-ferrous side and still has prospects on ferrous developments, both through the top lanced technology. Outlook is very rosy on all fronts.
 
It's contract after contract being added that are building up well for Ausmelt and the last two in Russia and Korea make this stock look neglected. Hopefully AET will start to move back to former highs.
 
Back up to a Dollar a share.
If you bought around the 20 cent low point then your laughing, but if you bought before that at over $2.00 your probably cursing your luck. I'm fortunately one of the former and cry out the virtues of the Top Lanced Technology in what, hopefully, will be an ever expanding enterprise; Not only in non-ferrous but ferrous also, the latter being a bit more into the future.

Difficult to value this one as its past record depended strongly on obtaining new orders for smelters in Asia. So there are risks, though I personally remain confident in Ausmelt's future and the companies excellent MD, Mr Paul Abbott: http://www.ausmelt.com.au
 
The price of this will probably jump as they have just signed a contract with Zinifex for some heap leaching of ore from its Tasmanian mine.
 
ozambersand said:
The price of this will probably jump as they have just signed a contract with Zinifex for some heap leaching of ore from its Tasmanian mine.
Click to expand...


Closed at $1.27, up 27 cents as Ausmelt go-ahead for the big Whyalla project is landed and all that expenditure proves worthwhile.
 
Forgotten in Ausmelt's recent results are the 5% shareholding in S.A.S.E.

S.A.S.E. hold shares in Western Plains Resources (WPG) and royalties over iron ore production at Peculiar Knob and Hawks Nest in S.A.
WPG are expected to start production in early 2008 that will reach 3 mtpa.
 
A rise to $1.12 in response to favourable sales of the AM2 flotation reagent, $300,000 a month, augers well for Aumelt.
 
AET is becoming a forgotten stock. It should not be, as it is closely aligned to non-ferrous metals and perhaps iron ore, not that much further down the line.
 
AET are moving ahead now after doing not that much for a year or more. Closed the week at $1.32 following earlier confidence in sales of its AM2 Flotation agent on positive sales.

Should be one to watch as profits come in on new top lanced technology sales.
 
AET have moved on to $1.38 and further news is awaited on its ADC venture at the Whyalla Plant and its interest in S.A.S.E.
 

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