AEV - Avenira Limited

[joea]

Re: MAK - Minemakers

Guys
MAK could be making a higher low.
It may come back and bounce off the 34wma.
I make that as a possible 1, back for 2 then 3 FOR THE RIDE UP.
That is two good spikes.
If you were a fisherman, that's red emperor country.
Cheers

 

[ricee007]

Re: MAK - Minemakers

Guys
MAK could be making a higher low.
It may come back and bounce off the 34wma.
I make that as a possible 1, back for 2 then 3 FOR THE RIDE UP.
That is two good spikes.
If you were a fisherman, that's red emperor country.
Cheers

Well, sure... but.... realistically, I don't see how charting is relevant in an instance like this. It's gone up higher for a reason... a news report......

 

[romeo]

Re: MAK - Minemakers

The widespread down bar on the 29th of May will continue to provide resistance in the near term IMO. I'd like to see the stock gap up above the high of that day at 42.5 cents. Followed by an inside down day on low volume to confirm no selling pressure.

If we see that phenomenon in the next couple of days I think this could be heading north. However there is still a lot of nearby resistance. The bar tomorrow will tell the picture.

The fact that the SP closed near the high is another sign of strength. (However the day before it closed on the low on high(ish) volume.)
certainly on the weekly chart it (looks like) its making a higher low.

charts attached, very new to technical analysis. Any other views out there?

 

[ricee007]

Re: MAK - Minemakers

charts attached, very new to technical analysis. Any other views out there?

That your charts won't be even slightly relevant if:
Wonorah is partly sold..... or the days continue to roll by without a deal, and the Verte MOU expires?

Wonorah is sold?

Or the economy collapses again?

Or discussions with the Indians fall through?

 

[Miner]

Re: MAK - Minemakers

A famous newsletter's buy signal basically pushed the share price catalytically today.

 

[mr. jeff]

Re: MAK - Minemakers

A famous newsletter's buy signal basically pushed the share price catalytically today.

I see in the fin reiew that there is confirmed rumour of co-operation on the wonarah resource with some Indian investors...I don't follow the company so cannot comment, but Miner perhaps this recommendation and rumour/ news was a double whammy.

I watch with interest how many shares are traded on the release of new recommendations from various newsletters and it can be surprising...I presume most institutionals keep an eye on these as well, particularly if you like the algorithm game, very interesting where D&D for example will release a "buy up to" limit, then mostly the stock is sold only at near or equal to that price immediately. Is this outbidding or a coralling of buyers by bigger players - where they buy ALL supply and then sell at or near the maximum limit. Would be a very profitable game.

Sorry for the off topic bit.

 

[joea]

Re: MAK - Minemakers

There is a (MOU) with NMDC Ltd. from India.
Cheers

 

[ricee007]

Re: MAK - Minemakers

There is a (MOU) with NMDC Ltd. from India.
Cheers

Sigh, it is VERY annoying that people can know this BEFORE the ASX release. If you know it, it means that OTHERS know it... and if OTHERS know it, they had an advantage over others today.

 

[joea]

Re: MAK - Minemakers

Sigh, it is VERY annoying that people can know this BEFORE the ASX release. If you know it, it means that OTHERS know it... and if OTHERS know it, they had an advantage over others today.

ricee007

I follow emerging stocks, and my software has Pre-computered scans.
1 is Volume - move up.
2 " Volume - move down, so I was alerted on the 29/04/2011, by software.

On asking Intersuisse, they sent me a update on MAK on the 19th.
They say calculated NPV is $1.82, so I watch it like a hawk.

I have also been following the VSA posts, as I also believe that "price and volume"
analysis can give you an advantage.

Cheers

 

[ricee007]

Re: MAK - Minemakers

ricee007

Cheers

Oh, so you *DON'T* *KNOW* a MOA has been signed?

The latest the ASX has been told, IIRC, is that discussions have commenced, but have not concluded in a MOA.

If you *KNOW* that a MOA has been signed ("There is a (MOU) with NMDC Ltd. from India.") then IMHO, you *KNOW* information that the market doesn't.

Thus, one of three things can be true:
1. You have inside knowledge that the MOU has been signed
2. I'm wrong, and MAK has told the ASX that a MOU has been signed
3. You are *GUESSING* a MOA has been signed, as the charts 'look good'.

1. See my original reply.
2. Feel free to ignore me, and accept my apologies... but I don't think I'm wrong.
3A. You SHOULDN'T *STATE* that a MOA has been signed, if you don't KNOW that as a fact.
3B. If a MOA had been signed by Thursday, surely MAK would have released it? 3C. Furthermore, MAK fell Friday (IIRC)..... so it's hard to say that the charts means that a MOA was signed on Friday!
3D. Furthermore, I have no idea how you can infer that a MOU has been signed... when the price action could EASILY be explained by the mere presence of serious discussions with a 'new' entity, a crappy stockpicker putting a buy on it, intersuisse putting a buy on it, hotcopper starting another Frenzy, stronger RP prices and a lower AUD!

Cheers

 

[joea]

Re: MAK - Minemakers

Oh, so you *DON'T* *KNOW* a MOA has been signed?

The latest the ASX has been told, IIRC, is that discussions have commenced, but have not concluded in a MOA.

If you *KNOW* that a MOA has been signed ("There is a (MOU) with NMDC Ltd. from India.") then IMHO, you *KNOW* information that the market doesn't.

Thus, one of three things can be true:
1. You have inside knowledge that the MOU has been signed
2. I'm wrong, and MAK has told the ASX that a MOU has been signed
3. You are *GUESSING* a MOA has been signed, as the charts 'look good'.

1. See my original reply.
2. Feel free to ignore me, and accept my apologies... but I don't think I'm wrong.
3A. You SHOULDN'T *STATE* that a MOA has been signed, if you don't KNOW that as a fact.
3B. If a MOA had been signed by Thursday, surely MAK would have released it? 3C. Furthermore, MAK fell Friday (IIRC)..... so it's hard to say that the charts means that a MOA was signed on Friday!
3D. Furthermore, I have no idea how you can infer that a MOU has been signed... when the price action could EASILY be explained by the mere presence of serious discussions with a 'new' entity, a crappy stockpicker putting a buy on it, intersuisse putting a buy on it, hotcopper starting another Frenzy, stronger RP prices and a lower AUD!

Cheers

riceeoo7.
Sorry as I did not intend to mislead you.
There was Indian press speculation that it would soon sign a (MOU).
On checking with my information source, the word "soon" was left out.

However in the Intersuisse document I received it refers to "soon" signing.
Which infact only means maybe. I take your point.

In future I will ensure I see the document first before posting.
Actually I had thought that people had the infomation which was available (Perth, May 18th.)

Cheers Joea

 

[ricee007]

Re: MAK - Minemakers

riceeoo7.
Sorry as I did not intend to mislead you.
Cheers Joea

No dramas at all... but you did get me all excited for a minute there .

I Purchased MAK @ $2.30+

Stoploss accidentally got hit at circa $0.465

Purchased some in the $0.43 capital raising, at circa same time as I sold.

Hoping to sell for around $0.65... but we shall see how we go

Will still be taking a massive haircut, at $0.65..... but, at least I'll have a bit more dosh lying around the place ---> probably going into a safer stock next time though

 

[System]

On November 26th, 2015, Minemakers Limited (MAK) changed its name and ASX code to Avenira Limited (AEV).

 

[frugal.rock]

Quick update via a 3 year chart.
Not held.

 

[Dona Ferentes]

now no longer focused on African phosphate, but a little closer to home.

Jundee South Gold Project

• Over 720km2 of tenements in the well established Yandal Greenstone Belt, WA
• Located ~5km west of Northern Star’s 10Moz+ Jundee Mine
• Along strike to Bronzewing (Northern Star), Flushing Meadows (Yandal Resources), and 20km east of the 10 Moz Wiluna Mining Centre (Wiluna Mining)
• Recently completed AC drilling identified 2 gold trends & priority targets
• Follow up RC drilling program planned at drill targets MF02 and YaN11 for Q2 upon completion of further resampling and geological interpretation.

Wonarah Phosphate Project

• One of Australia’s largest phosphate projects (near Tennant Creek, NY)
• Measured Resource of 64.9 Mt @ 22.4% P2O5
• Indicated Resource of 133 Mt @ 21.1% P2O5
• Inferred Resource of 352Mt @ 21% P2O5 (15% cutoff)
• Close proximity to natural gas, highway, water and export port
• Scoping study has commenced for Concentrate and MAP/ DAP Processing project

AEV got a speeding ticket; response was that things are tickety-boo

(a) Increased positive sentiment with regards to the phosphate industry including a two fold increase in the Moroccan phosphate price in the last 12 months, increased activity in public announcements in phosphate technology in batteries in the last week and increased activity and sentiment in offtake deals with other listed phosphate companies in the last week.

(b) AEV last month pegged a tenement of 80 sq km, approximately 50 kilometres from its other Jundee South tenements. This tenement is a greenfield tenement and has no resources on it, but does increase AEV’s landholding in the Yandal greenstone belt.

(c) AEV has signed a confidentiality deed with Polyhedrous Pty Ltd. The confidentiality agreement covers the review of information on the Wonarah Phosphate Project by Polyhederous to consider a farm in, or other agreement, in the Project. Due diligence by Polyhederous has only just started and is expected to be completed in 2 months. At this stage there is no guarantee that a farm in or other agreement will occur at any time in the future following from the due diligence, however AEV will update the market as and when required.

 

[frugal.rock]

Wonarah Phosphate Project

• One of Australia’s largest phosphate projects (near Tennant Creek, NY)
• Measured Resource of 64.9 Mt @ 22.4% P2O5
• Indicated Resource of 133 Mt @ 21.1% P2O5
• Inferred Resource of 352Mt @ 21% P2O5 (15% cutoff)
• Close proximity to natural gas, highway, water and export port
• Scoping study has commenced for Concentrate and MAP/ DAP Processing project

Have taken a small position at the 0.029 level.
Partly for the phosphate prospects and the chart is looking up, although a big pullback may occur, hopefully not. If it does, I'll hopefully add to the small position.

Lots of supply delay in the fertiliser market at the moment and is hard to get.
I overheard a delay of 8 weeks at a local farm co-op shop recently.

 

[frugal.rock]

Have taken a small position at the 0.029 level.
Partly for the phosphate prospects and the chart is looking up, although a big pullback may occur, hopefully not. If it does, I'll hopefully add to the small position.

So has had a big pullback.
Have reluctantly held on.
Haven't added yet, would want to make sure of direction for that.
Not a good trade thus far, a small entry though, so willing to mothball it away for awhile.

 

[Springs]

I have chosen AEV Avenira Ltd for Feb monthly comp a couple of good projects with the Jundee south project in WA , 5000 m RC drilling program awaiting laboratory results . Cash balance $888,000 and $2 million in liquid investments . Also appointment of Brian Campbell an experienced chemical engineer, as project manager for the Wonarah Phosphate project . Looks to have retraced from recent 3 c high in Oct/Nov buyers starting to return could swing things around always dyor & DD Springs

 

[frugal.rock]

28 March 2022
Fully Underwritten Entitlement Offer to Raise $1.45 Million

Highlights

 Launch of a 1 for 8 pro-rata non-renounceable Entitlement Offer of ordinary shares to raise approximately $1.45 million

 Offer price at $0.013 per share

 For every three (3) New Shares subscribed for and issued to a shareholder under the
Entitlement Offer, eligible shareholders will receive one (1) attaching unlisted option

 New Options will have an exercise price of $0.022 and an expiry date of 30 April 2024

 Funds to be used for the advancement of Avenira’s Wonarah phosphate project studies and Jundee South gold exploration

 Entitlement Offer is fully underwritten by Au Xingao Investment Pty Ltd (the "Underwriter"), an existing substantial shareholder and secured lender of the Company

 

[frugal.rock]

AEV have recently appointed some geezer (Brian Campbell) to project manage the phosphate gig they have.
Keen to see some progression on this apparently huge project.

“The Wonarah Project is well positioned to leverage this strong phosphate demand growth in both LFP Battery and Agriculture applications and Mr Campbell will play a central role in the execution of this strategy.”


Wonarah Project Summary

• Large premium grade phosphate deposit in Australia (15% Cut off grade):
 Measured Resource of 64.9 Mt @ 22.4% P2O5;
 Indicated Resource of 133 Mt @ 21.1% P2O5;
 Inferred Resource of 352 Mt @ 21% P2O5.

• High Grade Component Resource of 67Mt @ 30.0% P2O5 using a 27% P2O5 Cut off grade.
• 100%-owned by Avenira.
• Scoping study to develop the Tier 1 Wonarah Phosphate Project to produce critical end products for LFP batteries underway with GR Engineering Services.
• Excellent infrastructure including nearby road, rail, gas, and water.
• Strategic review underway into supply/demand from:
o Lithium ferro phosphate (LiFePO4) cathode market;
o Fertilizer market.
• Ongoing discussions with strategic downstream industry participants.