AEV - Avenira Limited

[YOUNG_TRADER]

Re: MAK - Minemakers

"Its tin resources are considered to be the second largest and its tungsten resources the third ranked for all ASX listed companies."

YT, may I ask who has the first largest tin resource and first largest tungsten resource?

No idea, I got that info "Its tin resources are considered to be the second largest and its tungsten resources the third ranked for all ASX listed companies." directly from the companies announcements

 

[Caliente]

Re: MAK - Minemakers

that would be MLX or Metals X.

btw, YT I am thinking of moving into Tin, just to give the portfolio a bit more flavour. How does MAK look in the short term (3 months) ?

Especially the iron - isn't 37% magnetite low (?) - i dont really know how to compare magnetite to haematite, the traditional iron source rock.

 

[ta2693]

Re: MAK - Minemakers

If it is so, then it is my first choice of next investment. I notice JP Morgan is the major holder of MLX, JP Morgan see the value of MLX. Considering the similarity of MLX and MAK, it is must be some value in MAK.
The only thing I am worry about, it is the time. Right now it is in May. Be cautious.

 

[ta2693]

Re: MAK - Minemakers

Unbelievable this company claims to have the second largest tin resources and the third ranked tungsten resources for all ASX listed companies. This company also has iron mine, salt mine, fluorite mine etc etc. Besides it has 2.5m cash on hand at the end of March. Market cap is only 4m now.

 

[Sean K]

Re: MAK - Minemakers

I was actually thinking the past week or so, why hasn't minemakers gone for uranium as well. They're exploring for everything else.

Where are the drill results from Tassie!! Come on MAK!

13.6% U Surely a ramp. LOL.

 

[Col Lector]

Re: MAK - Minemakers

Gidday Kennas, am in on this one. Thought the announcement might have been one of those promised over the last few months...but no.
Is this ann. just a sweetener to get market attention prior to the release of more significant announcements? eg, the agreement with German party; or god-forbid, some actual drill results.
Alternatively maybe a means to coverup their apparent lack of activity. I mean....INL is slow....these guys are glacial (not good in the current environment!).
However the market cap around 5mill does allow for plenty of upside if /when they come good.
BTW am in BPT too....in at 1.08 & topped up at 1.36....so enjoying the ride& expect it to continue

 

[ta2693]

Re: MAK - Minemakers

The company has just 5 million market cap. I think it has really nothing much to lose even in the worst case.

 

[Sean K]

Re: MAK - Minemakers

Thought the announcement might have been one of those promised over the last few months...but no.

Is this ann. just a sweetener to get market attention prior to the release of more significant announcements? eg, the agreement with German party; or god-forbid, some actual drill results.

Alternatively maybe a means to coverup their apparent lack of activity.

However the market cap around 5mill does allow for plenty of upside if /when they come good.

Yes, the assays from Southdown and are dragging and an update from Tassie has been anticipated for weeks.

I have noticed that these guys, while not announcing every rock they kick over, are quiety going about there business. Since listing they have initiated quite a few things and have projects all over the shop. They are all 'in play' and they've manage to get the contractors and partners required to take these things forward. I'm still confident that we'll see some steady progress with MAK.

Check their last quarterly and all the projects they've got cooking.

Highlights:

 

[Col Lector]

Re: MAK - Minemakers

gidday Kennas,
Firstly, apologies to those Austrians out there. Yep agree MAK do seem to be beavering away (so to speak) but spread fairly thin given the number of projects on the table. Actual drill intersections are a key to dispelling any doubts at their grand claims.
Seems likely that Grange would be very interested in taking any magnetite they firm up in WA, given the extent of Granges capex planned. Is there likely to be permitting problems?....I notice MAK's tenements abutt a conservation zone.
Otherwise I like the mineral mix...tungsten& fluorspar could bring big attention if good results eventuate. Tin also likely to continue in the spotlight.
I was looking at Vital Metals as tungsten exposure but got burnt in Titan Resources debacle, and hence lacked faith in the board of VML (ie, Bill Ryan) to actually get things happening. Not that others had that problem as SP has taken off.
Mincor (I am longterm holder) also has some tungsten prospects for which drill results are overdue.... which may not be a good sign...or maybe just reflects the abundance of activity they are involved in.

Anyway...hopefully the ann today will put MAK on a few peoples radar...tommorrow could see a bit more action from those not in the market today

 

[stoxclimber]

Re: MAK - Minemakers

I took a position in this one on Friday..13.6% U?? Worth it for the prospect at $4mm market cap!

Good to see YT likes the companys other projects as well.. it has been range bound but this uranium might be what it needs to get going.

 

[YOUNG_TRADER]

Re: MAK - Minemakers

Very comprehensive presentation released today after close, well worth a read,

Company is primarily a solid fundamental exposure to Tin, with spec upside from Magenite Iron Ore and Uranium now as well as Flurite (whatever that is)

 

[Col Lector]

Re: MAK - Minemakers

Thanks YT...checked out the presentation. Southdown assays should be interesting when they arrive..particularly with Chinese(?) interest in Grange. Like the phosphate project prospects.
Plenty of Sn & W but how economic to mine? grades are not astounding and spread between mined various deposits....be good to get a JORC resource estimate on what still remains in ground.
Still, could inspire a bit more interest in MAK tommorrow.
The U radiometrics....are you impressed by these?? I am a bit of a novice on that front.

 

[Sean K]

Re: MAK - Minemakers

Another ann out from MAK today. More uranium projects in the pipeline. Golly, what aren't they going to mine? I don't think they have a gold project yet do they? LOL

I haven't checked the detail on these projects in detail yet. More to follow.

 

[Sean K]

Re: MAK - Minemakers

The radiometrics of the 2 projects look ok. Doesn't mean it's all uranium of course. I tried to load them up, but couldn't get the file size down enough.

Where are the tin and iron assays MAK?

 

[Col Lector]

Re: MAK - Minemakers

One for the breakout alert thread methinks. These guys know how to hit the market with juicy announcements....even if they do lack detail/substance. The Southdown Fe assays will just add spice, given that they hinted that good thick magnetite has been drilled....

 

[Sean K]

Re: MAK - Minemakers

One for the breakout alert thread methinks. These guys know how to hit the market with juicy announcements....even if they do lack detail/substance. The Southdown Fe assays will just add spice, given that they hinted that good thick magnetite has been drilled....

Col, did you notice the Japanese taking a 30% stake in the Grange Resources, Southdown Project this month? Southdown is now 479Mt @ 37.3% megnetite. We could reasonable expect the Japanese to be casting an eye over the fence to Southdown West when/if it is confirmed to be the extention of that ore body.

Options have been chased a little this morning. Hopefully not ASF members. They should come back I think for another opportunity.

 

[Col Lector]

Re: MAK - Minemakers

Gidday Kennas...Yes....Japanese interest in Grange project (I recalled it as the Chinese....as one does)is virtually a guarantee the project gets built. Involves big Capex so Grange will want every bit of Fe they can send down that slurry pipeline.
MAKO currently 0.07. With Dec 08 exercise 30c. Therefore in the money at about 37c.
Currently holding MAK but keen to stock up on MAKO. At 7c & timeframe to Dec 08 these dont represent bad value. I suppose the danger in holding out for a pullback in MAKO below 0.07 is that another decent announcement (eg, Southdown Fe assays) may set the hare running again.

 

[greggy]

Re: MAK - Minemakers

I was actually thinking the past week or so, why hasn't minemakers gone for uranium as well. They're exploring for everything else.

Where are the drill results from Tassie!! Come on MAK!

13.6% U Surely a ramp. LOL.

More info on the Tasmania United Uranium NL Prospect, Rossarden, taken from MAK's announcement dated 31 May 07.
This prospect was discovered in the first uranium boom of the 1950s. It contains very high grade mineralization with past assays attaining as much as 13.6% U3O8, or 300 lbs/tonne.
The mineralization is contained in a fault zone and was followed underground for about 27m. Drilling was limited to only three holes, each of less than 50m length. Further drilling testwork is required.
Minemakers’ Managing Director, Andrew Drummond, said, “This prospect is characterised by very high grades and its 1950s assessment was hampered by the drilling constraints of the day. We aim to test it in conjunction with drilling of the Company’s flagship Storey’s Creek and Aberfoyle tungsten and tin projects.”
Yes, the 13.6% U3O8 figure was not a misprint. Its still extremely early days, but if MAK does some drilling and confirms such a high grade then this stock might really take off. At this stage I don't own any, but whilst I'm here, does anyone know what the attitude of the Tassie govt is towards uranium mining? It seems pro-development to me, but I don't know in relation to uranium. MAK had a good day today, finishing up 3.5 cents today at 22 cents on reasonable turnover.
DYOR

 

[Caliente]

Re: MAK - Minemakers

Gidday Kennas...Yes....Japanese interest in Grange project (I recalled it as the Chinese....as one does)is virtually a guarantee the project gets built. Involves big Capex so Grange will want every bit of Fe they can send down that slurry pipeline.
MAKO currently 0.07. With Dec 08 exercise 30c. Therefore in the money at about 37c.
Currently holding MAK but keen to stock up on MAKO. At 7c & timeframe to Dec 08 these dont represent bad value. I suppose the danger in holding out for a pullback in MAKO below 0.07 is that another decent announcement (eg, Southdown Fe assays) may set the hare running again.

Quick question, if the heads are 22 cents, and the option exercise price is 30 cents, how is MAKO "inthemoney" ???

wait - i just realised its a matter of the grammar. "you're saying MAKO will be in the money at 37 cents. Seems thats still a fair way off however."

 

[Col Lector]

Re: MAK - Minemakers

exactly...i37c plus will be in th money.....therefore if MAK $1.20 (say) by Christmas than MAKO well in the money & paying 0.07 now for MAKO will seem like an extremely astute buy. Crystal ball anyone??