AEV - Avenira Limited

[Sean K]

Re: MAK - Minemakers

Are further Fe assays due soon?? That may be the catalyst needed for MAK to regain its recent highs.

No, they're flying an EM survey later in the year to determine drilling sites. They're 'talking to contractors', and anticipate flying in Oct. Bit of a wait...

Interest is there 'from several Asia groups, with renewed interest now', according to AD. Read: the Japanese, surely. MAK have no intention to run this by themselves, so they're probably knocking on GGRs door.

 

[Col Lector]

Re: MAK - Minemakers

I would imagine that GRR/RIO probably prefer that they get a first look at what MAK has at Southdown, rather than see a third party...Japanes/Chinese/?....become involved. This would tend to strengthen MAK's bargaining position, and may work to accelerate any negotiation on a farmin.

 

[Sean K]

Re: MAK - Minemakers

Renounceable rights issue fully underwritten by Pattersons. 26 cents a share for every 5 held with a free option attached. I'm not holding the ordinary shares any more, just options, so not sure where to go here. There's no record date mentioned...

 

[Kevi]

Re: MAK - Minemakers

Kennas.. The shares are @ 25c not 26c..

The shareprice seems to be holding its ground around this level, and I suspect it will continue to do some until more details are provided in the prospectus.

Im also holding options only.. Im not overally impressed that the free options are MAKO and not another listing with a different strike price and exercise date..

Pattersons recently pulled out of MXR cap raising a week or two ago as the share price fell below the offer price... Not good!

7c options now on offer.. I dont know what we should expect from here.

 

[Kevi]

Re: MAK - Minemakers

options up 50% here! Heads are up 17%

Looking good since the rights finished trading on Friday.. Its also interesting to note the volume and whether it has anything to do with GBG and SDL's recent announcement?

 

[Sean K]

Re: MAK - Minemakers

options up 50% here! Heads are up 17%

Looking good since the rights finished trading on Friday.. Its also interesting to note the volume and whether it has anything to do with GBG and SDL's recent announcement?

What's the link to SDL and GBG?

The sp appreciation is only due to Tassie U ann and people taking more risk.

 

[Sean K]

Re: MAK - Minemakers

MAK diving to a decision point for Mr Market. Will she break down, or break up out of this dodgy descending triangle.

I think they need to progress report on W Southdown survey, or the MOU with Wolfxxx / Tassie Tin progress for a bounce...

 

[Sean K]

Re: MAK - Minemakers

All's quiet on the MAK front. Looks like 22 could be a bottom, but who knows? Bit of a volume spike yesty after it broke out of the gates. I'm just holding options in this at the moment but will be more interested when they come around to further drilling at W Southdown, or there's more clarrity on Tassie Tin. Potential break from downward trend around green circle perhaps.

 

[ta2693]

Re: MAK - Minemakers

does anyone know who is Paul Winston Askins.
He becomes a substantial shareholder of Mak from 6th Nov.

 

[Go Nuke]

Re: MAK - Minemakers

does anyone know who is Paul Winston Askins.
He becomes a substantial shareholder of Mak from 6th Nov.

All I could find is that he is also the 4th largest shareholder of Aura Energy AEE holding 900000 units.

 

[Sean K]

Re: MAK - Minemakers

MAK has stabilised somewhat above 22 cents but just drifting a bit. I think the next ann will be Tassie U assays, and then the radiometrics from West Southdown.

I watched the last presentation from AD this morning and it looks like the Rock Phosphate project near TC is getting some interest from Asia. They've got a billion tons of the stuff and I think are relying on the price to remain high for it to be economical, which looks likely. Capex might be high as they'll need a rail line to TC. One project to watch.

Link to the presentation here.

 

[SevenFX]

Re: MAK - Minemakers

Hey Kennas.

Do you only use bigcharts as your charting tools or do you have other charting software on your pc and what do you use.???

Reason I ask, is that only seen bigcharts from you...???

SevenFX

 

[Sean K]

Re: MAK - Minemakers

Hey Kennas.

Do you only use bigcharts as your charting tools or do you have other charting software on your pc and what do you use.???

Reason I ask, is that only seen bigcharts from you...???

SevenFX

I've just got ETrade and IG charting packages as part of the accounts. I'm not sure why I continue to use Bigcharts. Habit.

 

[SevenFX]

Re: MAK - Minemakers

I've just got ETrade and IG charting packages as part of the accounts. I'm not sure why I continue to use Bigcharts. Habit.

This is reasonably decent and free without 20min delays with your etrade account, unless you want to pay for unlimited data and few extra features.

https://www.aussiestockforums.com/forums/showthread.php?t=8444&highlight=quotetracker
http://www.quotetracker.com/

Back to thread.
Cheers
SevenFX

 

[Sean K]

Re: MAK - Minemakers

Grange has the eyes and ears now of RIO, the Chinese and The Middle East.

Grange Resources in Southdown talks with Middle Eastern
Stephen Bell, Dow Jones Newswires | December 08, 2007

GRANGE Resources is in talks with a potential Middle Eastern investor as the West Australian iron ore hopeful firms up plans for its $US1.37 billion ($1.56 billion) Southdown venture.

Grange was in "negotiations with a Middle Eastern merchant company", chairman Anthony Bohnenn told Dow Jones Newswires.

Mr Bohnenn declined to identify the party, which is thought to be involved in the manufacture of high-grade iron pellets for use in steel mills.

Outside of China, the Middle East is one of the world's fastest growing steel producing regions, driven by abundant gas supplies and booming oil-backed industrial development.

And, like China, Gulf countries are trying to buy iron ore resources to ensure reliable supplies of the steel-making ingredient.

Last month, for instance, Perth-based Sphere Investments said that Qatar Steel would expand its investment in Sphere's Guelb el Aouj iron ore project in Mauritania to 49.9 per cent, for a total price of $US375 million.

Both Sphere and Grange are targeting magnetite, a type of lower-grade iron ore that can be upgraded into pellets for steel mills.

MAK's West Southdown deposit will eventually be added to the project, at a nice price.

MAK current mc around $20m when Grange is $250m or something, with potentially the same tonnage is potentially an opportunity....

(added more options 2 weeks ago on the crappy U grades from Tassie)

Then add the Tassie Tin/Tungsten and the TC Phosphate and you have some potential blue sky from this minnow....

 

[Sean K]

Re: MAK - Minemakers

Hadn't really considered this one to be one of the big three?

Interesting. Sounds prospective...

Sounds like they may have someone interested in a farm in without a JORC...

MOINA FLUORSPAR-TUNGSTEN-TIN BASE METALS PROJECT UPDATE
13 December 2007

Increased international interest in Minemakers’ Moina project in northern Tasmania due to significant fluorspar price rises caused by Chinese mining export cut-backs.

In-fill assaying is in progress with the objective of a new and JORC-compliant interim resource estimate being commissioned in the first quarter 2008 without any further drilling.

Detailed metallurgical testwork is underway in Europe, aimed at assessment of recovery of multiple commodities.

 

[Sean K]

Re: MAK - Minemakers

Always interesting to see which companies climb on a red day. Really low volume, but to be up 9 ish % today is of interest. No idea what it could be, possibly West Southdown magnetics??

(holding a few options)

 

[Sean K]

Re: MAK - Minemakers

Always interesting to see which companies climb on a red day. Really low volume, but to be up 9 ish % today is of interest. No idea what it could be, possibly West Southdown magnetics??

(holding a few options)

Ended up 22% yesterday on increased volume. They should probably get a please explain for that. Will be interesting to see what the news is, unless the past 2 days were just anomolies.

I'm still holding for the likely farm-in/JV from Grange at West Southdown, Tassie Tin potential and the Rock Phosphate.

 

[AussiePaul72]

Re: MAK - Minemakers

Ended up 22% yesterday on increased volume. They should probably get a please explain for that. Will be interesting to see what the news is, unless the past 2 days were just anomolies.

I'm still holding for the likely farm-in/JV from Grange at West Southdown, Tassie Tin potential and the Rock Phosphate.

Hi Kennas, this one has been on my watchlist! Would have been nice to get in around the 20c mark, however, even after the current gains over the last couple of days, the market cap is still less than $12 million from my information.
I'm still on the sidelines but I would still consider MAK to be undervalued IMO, what do others think?

 

[Sean K]

Re: MAK - Minemakers

Ended up 22% yesterday on increased volume. They should probably get a please explain for that. Will be interesting to see what the news is, unless the past 2 days were just anomolies.

I'm still holding for the likely farm-in/JV from Grange at West Southdown, Tassie Tin potential and the Rock Phosphate.

Perhaps this is the reason for the resent jump. Interesting that this was not market sensitive. Perhaps it's no big deal?

ASX AND PRESS RELEASE

ROCK PHOSPHATE PRICE ROCKETS TO US$200/TONNE FEASIBILITY PLANNING INITIATED ON THE WONARAH PROJECT, NORTHERN TERRITORY

9 January 2008

Rapidly rising global demand for rock phosphate, which has driven world prices from US$50/tonne a year ago to US$200/tonne today, has had a strongly favourable impact on Minemakers’ (ASX:MAK) Wonarah project in the Northern Territory.

The drive into biofuels production by countries, such as the United States, is pushing demand for phosphate fertilisers, with predictable impact on prices.
Minemakers’ Wonarah phosphate project, near Tennant Creek in the Northern Territory, which has previously been assessed and drilled by Rio Tinto Ltd, is poised to become a substantial beneficiary of these recent rises in phosphate rock prices.

An independent cost scoping study for Wonarah in early 2007 indicated that, depending on various mining, transportation and exchange rate scenarios, a price of almost A$100/tonne was required for economic viability. Current world prices appear to indicate potential for a highly profitable, large and long-term operation at Wonarah with a short payback period.

At Wonarah, in only the Northern sector of the known mineralization, a JORC compliant 1.95 billion tonnes at 14.4% P205 was estimated by Rio Tinto. In the main zone, the most intensely drilled to date, there were JORC compliant estimates of between 72 and 115 Mt at 22-23% P205. This zone is adjacent to the Barkly Highway which gives direct bitumen road access to the
standard gauge rail link at Tennant Creek.

Wonarah is Australia’s largest known undeveloped rock phosphate deposit. It is 100% owned by Minemakers except for some sub-areas, including the ones containing the 72-115 Mt deposit, for which there is a 10% clawback provision in favour of the previous owner.

The Company has begun to assemble data for commitment to a bankable feasibility study, a decision on which will be made by the Board as soon as all information is available. More details will be provided in the forthcoming quarterly report.

Minemakers’ Managing Director, Andrew Drummond, said:

“This is what Minemakers is all about – acquiring major mineral deposits with
large and expensive databases, and then capitalising on commodity price
increases. The rocketed phosphate price gives potential for great benefit to
the Company and its shareholders”.

What's 14% of 2b x $200?

Sounds like a lot of IGV to me.