AIM - AIM Resources

[dj_420]

I am a newbie at all this, but i am trying to calculate a book value for this company and wondering if anyone has done calculations on this. also is the current surge in price due to uranium exploration or rise in zinc prices. it seems to me that the surge in sp was due to the announcement of uranium exp

 

[surelle]

this was my tip in the comp last month....shame I didn't stick with it. ..the ann seems to have given it the kick it needed...

 

[saichuen]

hhhmmm... it's interesting to see that a director is still buying here. 650,000 shares @ 0.15c, representing 52% of his current holding.

any comment for those who has an interest or hold this stock?

happy trading!

 

[beach]

gday saich
all positive is what it tells me. he even bought at the right price of .15c a share. which offers good support for the next move upwards. the price of zinc is still well above FStudy guidelines. iam glad there is a correction happening its better now that they arent even producing, time is what will be the telling factor with AIM, good luck to all you that are tradding AIM you want be getting any of my shares in the next year or so ill be holding close to my chest. regards beach

 

[dj_420]

I did a quick revision on perkoa zinc project at current prices.

original ann on 22 dec 2005 states
US 1.3 billion
AUD 1.7 billion
npv equates to 38.6 cents per share

now using up to date zinc prices

total zinc metal produced = 848 390 tonnes
1 tonne = 2 204 pounds

using current zinc prices (1.6869) in ground value at = US$ 3 154 252 000 (approx 3.154 billion US)
less costs of extraction US 0.18 c per pound = US$ 336 573 000

return = $ 2 817 679 000

equates to 82 cents per share AUD

IMO this stock is fairly undervalued since production begins next year. anyone else care to comment

 

[RichKid]

I noticed Tech/a was looking at this in the short-term live discretionary trades thread. Here are a couple of my attempts at EW counts: the monthly and the corresponding daily chart. The red line in the daily chart is the major wave 1 high- cannot be touched in the current retracement or the count is wrong.

 

[surelle]

excuse my ignorance (don't really follow the charts)
I didn't really understand it, in your opinion, is this going north or south???
cheers

 

[RichKid]

excuse my ignorance (don't really follow the charts)
I didn't really understand it, in your opinion, is this going north or south???
cheers

Hi Surelle,
West to East atm, traders take it day by day as info comes to hand- ie appears to be tracing out a triangular pattern, if this is a correction then that red line can't be broken, if it's the end of the prior trend then it'll go South past the red line imo. The monthly chart shows the bullish outlook (aka North), but caution after May's selling is warranted, bulls and bears in a tussle atm. Nothing is certain, even with detailed charts. More inclined to bet on it going North as the decline has been on low volume.

Hope this helps, do you have any info on the fundamentals of the co Surelle?

 

[surelle]

Hi Surelle,
Hope this helps, do you have any info on the fundamentals of the co Surelle?

I'm afraid not, and don't laugh too loud, this one was given to me as a "tip" from a good friend (he's done all the research), but he's saying to hold on for a bit longer..also seems to be a lot more interest from the directors buying up of late
cheers

 

[samsterchan]

AIM Resources

This stock has great potential.

Take a look at this fabulous review :

http://www.gsi.ir/?Lang=en&p=24&TypeId=6&NewsId=9478&Action=NewsBodyView

I have bought in today at 0.12 - hopefully it won't be long before it goes up to its highs of 0.16 a few week ago.

The next market sensitive announcement should be coming out pretty soon, judging from their last announcement about major drilling due to start on the Mumbwa Project (released on 3/5/06)

http://imagesignal.comsec.com.au/asxdata/20060503/pdf/00611488.pdf

Now is a great time to go in while the stock price is low !

 

[dj_420]

Things are certainly looking up for AIM

As perkoa zinc project gets closer to production we will see a lot more movement. Zinc prices have now risen back above 3000 per tonne, fundamentals still looking excellent for zinc stocks.

Zinc supplies still rapidly running out the window.

Other prospects for AIM include the copper deposit in JV with BHP who obviously see potential in the mumbwa area.

AIM also owns the Mokopane nickel project. Qoute "Charles Kernot at brokers Seymour Pierce has recently published a major research note on the company which puts a value of 16p on the shares, but sees scope for a further rise to between 24p and 27p as it approaches production." End Qoute.

These prices at exchange rate of 1 British pound = 2.5 AUD
16p = 40cents
24p and 27p = 60cents and 67.5cents

IMO This share definately has potential and at todays prices have upside of 5X current price. Media beginning to some sort of coverage of AIM and recieving some attention of brokers. Look forward to rest of year with AIM

 

[edogg75]

OK, reading an article on Oxiana the other day, I noted that Oxiana's early success was the result of picking up unwanted projects from larger miners on the expectation that commodity prices would rise. All three of AIM's mojor projects (Perkoa, Mumbwa, Mokopane) were acquired in a similar way, and all are known to contain large mineral resources.

Much has been said about AIM's being undervalued purely on the basis of the USD$2.8 billion of zinc that they are sitting on at Perkoa. To mix it up a little, today I will give my two cents on Mumbwa.

AIM's Mumbwa project (currently undergoing major drilling) was initially identified by JV partner BHP as a potentially major resource (Au, U, Cu). Back in 2002, Corriente held a similar JV with BHP to the one that currently exists between AIM and BHP, but chose not to continue with Mumbwa project after having completed a field review of over 1000 samples (probably deciding that the mining of Mumbwa would not be profitable at the time). However, since 2002 the prices of gold, copper and uranium have risen considerably.

Copper - (2002 - USD$0.70/lb), (2006 - USD$3.20/lb)

Gold - (2002 - USD$300/oz), (2006 - USD$580/oz)

Uranium - (2002 - USD$10/lb), (2006 - USD$43/lb)

These price rises significantly lower the bar for what may be considered a minable project. Furthermore, the samples that Corriente gathered were from areas peripheral to the 23 identified by AIM through the use of BHP's Falcon Airbourne Gravity Gradiometer (This technology was not available to Corriente).

Mumbwa is a huge site. If it turns out to be a goer, then, IMHO, AIM will rocket.

PS. did I mention they have USD$ 1.5billion of nickel and platinum at Mokopane?

DYOR

 

[edogg75]

lots of director buying too

 

[ads]

Hi,

IMO I think you are all on the right track. I have a decent holding in this promising company. During the day I am a metallurgist, but of course don't profess to know everything about mining stocks. AIM are onto a good thing with Perkoa and the Mumbwa project may take off if they get a good hit.
In general though, good mining projects generally do increase in value in the 18-24 months between completing feasibility study and the start of ore processing. One thing to think about is timing. Time is usually your friend with regards to these projects. Most people can't be bothered buying early when the stock is undervalued and then holding on to the start of processing.
Anyway, we shall see what happens in the future, good luck.

 

[samsterchan]

AIM Resources aims high !!

It's indeed encouraging to see so many exciting reviews for this quiet little achiever. I have bought in again today as I still believe that something big is going to be announced soon.

I attach some exciting information about AIM Resources :

http://www.australianinvestor.com.au/news.asp?code=ASX:AIM&id=16834

http://www.gsi.ir/?Lang=en&p=24&TypeId=6&NewsId=9478&Action=NewsBodyView
- this is a fantastic endorsement for the company

http://www.investegate.co.uk/Article.aspx?id=200605030911233332C

I'll let you make up your mind !

At current prices, an excellent time to buy in low !!
This company will go places and the only way is UP !!!

 

[sagem]

News is expected very soon...listed in the uk as well with very heavy volumes,
this company has huge ZINK POTENTIAL

 

[ads]

Here's a good recent news article, could be an announcement of some sort soon.

A Zinc Mine Close to Production & New Olympic Dam?
By Stephen Clayson
25 Jun 2006 at 07:40 PM EDT
LONDON (ResourceInvestor.com) -- AIM Resources [AIM:AIMR] is determinedly driving towards production with its Perkoa zinc project in Burkina Faso, while becoming more and more pleased with Mumbwa, its main exploration project.
AIMR expects that the Perkoa project will require $70-80m to bring into production, and the company is currently fine tuning its plans for raising this money and negotiating with potential off-takers, banks and institutional investors. The company has been speaking with some major names in the zinc smelting business regarding off-take agreements, and the market should not be surprised if news on this matter emerges soon.

In fact, the same goes for the arrangement of debt finance and the necessary placing of equity, even if the present turmoil in the equity markets may have complicated the latter somewhat.
A bankable feasibility study on the Perkoa project was completed in December and came to a positive conclusion, with 0.5 million tonnes of ore per annum figured to be mined over a 14 year project life.
AIMR is ready to move on the ordering of project items that require long lead times for procurement, being conscious of the need these days to get orders for such things in early so as to avoid delays later.
Although Perkoa amply underpins AIMR as an investment proposition, the Mumbwa copper-gold exploration project in Zambia offers investors a shot at blue sky. Indeed, AIMR’s Managing Director Marc Flory doesn’t hesitate to describe Mumbwa as perhaps comparable to the monumentally large Olympic Dam deposit in Australia.
If this turned out to be the case, it would obviously be a major event for AIMR, and maybe even for the junior mining sector as a whole. AIMR is earning into a majority stake in Mumbwa from BHP Billiton, and this could one day lead to a takeover of the former by the latter. Nothing is certain yet, but at the moment, Mumbwa looks like one of Africa’s most exciting exploration projects.
AIMR also has a PGM project in South Africa, Mokopane, but is unsure as yet whether to take this forward within the company. The project is not a bad one, but AIMR is hesitant about putting big money into the arguably rather trying South African operating environment when there are more attractive alternatives at hand.
Mokopane has a 1.1 million ounce platinum equivalent resource in place, and AIMR believes that at least 3 million ounces might be attainable with more work. The deposit would likely be suitable for open pit mining, and this might help draw in a joint venture partner or outright purchaser, which Flory indicates is probably the way things will play out.
Investment Outlook
After topping 8p last month ago, shares in AIMR have slid back along with the rest of the market, and now trade at around 5p. But with production at Perkoa drawing steadily nearer and the potential for some really attention grabbing exploration results from Mumbwa, it seems like only a matter of time before AIMR shares perk up.

 

[Freeballinginawetsuit]

I also am holding a large parcel of this stock. I will remain holding it as I did through the mini-break out it had 2 weeks ago. Its sideways at the moment,but closely note todays announcements. This has been months coming and it looks like AIM will definitely ramp up the Zinc mine(feasability,JORC and nice Zn% concentrations). I am at a lose as to when breakout will hapen again and not sure why it hasn't yet. Wouldn't be suprised if it goes north on the turn of a dime though! .

 

[Freeballinginawetsuit]

I also am holding a large parcel of this stock. I will remain holding it as I did through the mini-break out it had 2 weeks ago. Its sideways at the moment,but closely note todays announcements. This has been months coming and it looks like AIM will definitely ramp up the Zinc mine(feasability,JORC and nice Zn% concentrations). I am at a lose as to when breakout will hapen again and not sure why it hasn't yet. Wouldn't be suprised if it goes north on the turn of a dime though! .

Here's hoping it goes beserk.Yesssssssss!

 

[Freeballinginawetsuit]

Needs to build up some depth, trying hard though.