AIM - AIM Resources

[YOUNG_TRADER]

Hi guys,

I've taken a position in AIM today becuase I think its oversold and at a floor

The company has $80m in cash = 8c a share roughly in cash alone

Based on this and the fact that the 10c level seems like a floor I'd say the stock is ready for a re-bound much like MEO when it got oversold

On the plus side its Perkoa Zinc project is very advanced and should be near production towards later this year, making AIM one of the few companies like JML to actually get its base metal project into production

Based on some old reports the company's Perkoa project was valued at an NPV of $165m using a Zinc price of 90c/lb

Well looks like I was a bit early in my bounce call with AIM, but todays action is very interesting (and a welcome relief )

With 8c share cash to complete Perkoa and mining equipment worth alot more than what the company paid for it and production due to commence at Perkoa its only a matter of time for AIM,

 

[yawomanjas]

Well looks like I was a bit early in my bounce call with AIM, but todays action is very interesting (and a welcome relief )

With 8c share cash to complete Perkoa and mining equipment worth alot more than what the company paid for it and production due to commence at Perkoa its only a matter of time for AIM,

Strange how the market works at the best of time young trader....I've lost more than 50% of value when I entered into AIM...but not worried about this one at all.....all considered i.e.RHG, CNP, AFG, MFS etc

 

[YOUNG_TRADER]

Strange how the market works at the best of time young trader....I've lost more than 50% of value when I entered into AIM...but not worried about this one at all.....all considered i.e.RHG, CNP, AFG, MFS etc

Hey Yawoman,

I'm actually up about 20% on AIM as my entry was 10c

I agree that AIM is undervalued but would point out that unlike the others on your list AIM differs in that it is not a subprime related financial/property stock, but a soon to be Zinc producer

AIM's main weakness is its single commodity exposure leaving it very vulnerable to the Zinc price.

 

[Snakey]

yes agree YT
and I entered this on thursday .098 :casanova:
Yes I believe they are under valued ...I read through their reports last week...
They at 10 cents had a market cap of 100 mil but they had 80 mil in the bank so for 20 mil you get all their projects including their zinc project in Perkoa that looks to be starting production this year, which should be a big turn around for aim's share price. I cant believe that only last year I sold these .38 and now they are closer to production and currently trading at .115
Also on the chart they have clearly broken out of the downtrend and look to be making a recovery.I think it will be a good year for aim holders and Ive got my mum, dad and my girlfriend on this one

 

[yawomanjas]

Hey Yawoman,

I'm actually up about 20% on AIM as my entry was 10c

I agree that AIM is undervalued but would point out that unlike the others on your list AIM differs in that it is not a subprime related financial/property stock, but a soon to be Zinc producer

AIM's main weakness is its single commodity exposure leaving it very vulnerable to the Zinc price.

Yeah sorry young trader should have explained it a better..but I was meaning to say..although I'm down quite a bit...this stock has the chance, a good chance to surge back up...I could be in an EVEN worse position if I bought into stocks such as MFS, CNP, AFG...etc...b/c those companies are gawn!!!!

 

[Sean K]

Potentially a bottom at 9.5ish cents. Making a higher high. A little bit of a rounded bottom. Couple of resistance lines to crack. Potentially an entry around 10 looks a good play. Clearing 12 cents looks important to me though..

 

[powerkoala]

buyers side look strong.
with resistance at 12c, once breaks, next will be 16c.
zinc prices looks good too.
the only problem is xao on the red zone.
maybe late rally?
good luck all holders.

 

[powerkoala]

well well well
today's trading are looking good for aim.
break the resistance of 12c and 12.5c.
looking good on the chart.
any ideas YT, Kennas?

 

[YOUNG_TRADER]

Hi Powerkola,

I actually took some profits today on AIM as its up 25% from my entry and was meant to be a short term re-bound trade like MEO and AED

The weak Zinc price isn't helping but as I always said the high grades at Perkoa mean higher margins,

Will be interesting to watch

 

[powerkoala]

good for you YT.
well done for doing so well on trading.
I hope one day, I could learn much just like you in this market.
good luck all traders.
13c resistance looks so strong.

 

[YOUNG_TRADER]

good for you YT.
well done for doing so well on trading.
I hope one day, I could learn much just like you in this market.
good luck all traders.
13c resistance looks so strong.

Hey Power,

Thanks, I usually don't trade, as you know my style is more accumulate heaps of a fundamentally undervalued story and wait for it to get re-rated

But certain trading opps have been presenting themselves lately

 

[YOUNG_TRADER]

It may have been a bit premature but I closed out my entire trade in AIM,

This in hindsight has proven to be a good re-bound trade in a stock with good fundamentals that had been heavily sold off,

I will look at buying more if it ever gets back to 10c

Cheers all

 

[blehgg]

It may have been a bit premature but I closed out my entire trade in AIM,

I will look at buying more if it ever gets back to 10c

Cheers all

Nice time to pull out YT considering the prices they are at now ~

Appears the market update didn't provide much confidance...

down to 9c today

 

[Datsun Disguise]

Hi All - well AIM continues to bamboozle me. I must be missing something in my analysis. Maybe it's the risk factor - this is in burkina Faso, a pretty dodgy democracy (the current president overthrew the last military junta and executed him in the 80's and gets re-elected with 80% of the vote...) But still 7.6c? That is cheap - you could buy it take the cash in the bank and be ahead!! I think that there are so many bargains out there at the moment traders/investors don't know where to look. Or more likely ain't got no cash after settling all their margin calls....

Lets hope the VTEM geophysical survey over the prospects nearby show some juicy looking anomalies. Oh and what's that? They have other projects? Gold? Nickel? Platinum? Quick someone tell the market!

Strange days.

 

[choksiankur]

Reason for AIM to go down is bad management. Still they are looking to get money from market and still behind their deadline for the project. I am not sure when we will see the price more than .30c

 

[stockGURU]

AIM has risen significantly today on its highest daily volume of the year. Right now is at 0.098c, up 15.2% from yesterday's close of 0.085c. About 16.5 million shares have been traded.

The mysterious thing is there has been no news announced today to explain today's price rise or high volume so one has to assume that news can't be too far away... either news or a speeding ticket!

 

[Datsun Disguise]

Closed well at .099 - maybe the market is just starting to put a value on the companies projects rather than just it's cash! I'll review the previous co announcements to see what is coming up, might be the results of the VDEM survey performed earlier in the year. Increasing the tonnage would be a good thing seeing as they've recently increased their processing capacity (and shortened the mine life).

If ever there was a ground floor this is it - in my opinion.

I hold options - good life left in them and of course better leverage.

YT did a work up on them a few posts back, the only thing that has changed has been a reduction in zinc price (maybe source of market concern) Big question is - where is zinc going? Are we at a floor. I worked in auto for a long time and one thing about steel is that you need to coat it - usually with zinc...

 

[Datsun Disguise]

Moving strongly again today, volumes aren't as high. Are the sellers holding out now for more fair pricing? Does anyone have their ear to the ground on this one? If so, don't be shy with giving your insights into this move!

 

[Datsun Disguise]

OK. I got off my butt and checked the previous announcements. From what I read it could be one of the following;

PERKOA (zinc)
1. Announcement of the commencement of the decline into the ore body
2. Results from the deep (up to 550m) drilling of the perkoa ore body - which would lead to a resource upgrade, mine life extension if they find an extension.
3. Sales &/0r logistics agreeements in place
4. results from the VTEM survey of the perkoa area - deposits like perkoa usually appear in clusters, so hopefully more ore for the processing plant.

MUMBWA (Copper/Gold)
1. Results from drilling the targets - I think this is more of a copper play than gold, but thats the thing who knows what you are going to drag up.

Personally I'm hoping for some nice resource related news, and I think the movement (if not just a market re-value of AIM) signals it isn't just a document signed to say, "I'll sell you this", or "You'll move that for me".

I love options!

 

[Datsun Disguise]

AIM has risen significantly today on its highest daily volume of the year. Right now is at 0.098c, up 15.2% from yesterday's close of 0.085c. About 16.5 million shares have been traded.

The mysterious thing is there has been no news announced today to explain today's price rise or high volume so one has to assume that news can't be too far away... either news or a speeding ticket!

I hope I'm not talking to myself here - I'll assume not.........

Anyway so the news announced today is that the decline has commenced - and did so on May 16th - which is when the Guru noted the significant rise. AIM is a leaky stock when it comes to news..... Interesting that the response to the speeding ticket was a 'nothing to report' next day, well what do you know, there's something to say about a milestone being achieved LAST WEEK

Surely the ASX must take a dim view of that, I wouldn't be surprised if they get a slap.

Anyway - good news! Now I'm waiting to hear about some resource upgrades and juicy targets from the VTEM survey......