AMI - Aurelia Metals

[rezabd]

Re: YTC - YTC Resources

Trading volume increased a lot after finance deal which will attract few more trader who do trade based on Volume.

 

[mr. jeff]

Re: YTC - YTC Resources

Trading volume increased a lot after finance deal which will attract few more trader who do trade based on Volume.

Something is up and it has broken recent resistance level at 34c. Whether it is a breakout play though I am not sure however this financing is a milestone and it is quite possible that the move might continue as strategic stakes are taken to prevent others mounting takeover bids.

Watching at this stage.

 

[pavilion103]

Re: YTC - YTC Resources

This is one that I've been in recently. I've liked the price action. I will continue to watch closely to see if it holds above 32c and shoots upwards.

 

[Out Too Soon]

Re: YTC - YTC Resources

sp currently ~0.335 with lotsa BUYS ~0.21c & lotsa SELLS @~0.40c possible 20% profit or 10% loss


Disclosure- now holding just before close of trade. Fingers crossed

(Also using BELLTrading is soooo much better, free Conditional orders= love it)

 

[Country Lad]

Re: YTC - YTC Resources

sp currently ~0.335 with lotsa BUYS ~0.21c & lotsa SELLS @~0.40c possible 20% profit or 10% loss

If I may be so bold, most of those bids/offers are irrelevant. I tend to igore anything 10% away from the current price, particularly for something that is not moving.

My reasoning is that if a price started to fall, much of the buy side would quickly dissapear. You mention 21 cents in the buys - would really be intersted in a share that has already fallen 37%?

It is a bit like somebody walking into an auction and bidding 21 cents for an article where the bid is already 33 cents - totally irrelevant.

On the sell side anything above 10% higher than the last price is there as hope, not serious, there just in case so I ignore them as well.

The active market then becomes:



Cheers
Country Lad

 

[System]

On June 5th, 2014, YTC Resources Limited (YTC) changed its name and ASX code to Aurelia Metals Limited (AMI).

 

[Miner]

Hi Folks
Any one following AMI now and what is in its plate being a small miner and gold price is diving down ?

 

[greggles]

Hi Folks
Any one following AMI now and what is in its plate being a small miner and gold price is diving down ?

Hi Miner, I just noticed it recently and missed its big run over the last nine months. It has gone from under 20c to over 50c and is hitting highs not seen since 2011.

They appear to have some solid gold/silver mining projects near Cobar and Nymagee in NSW and have recently acquired Peak Mines from New Gold Inc. The projects seem to have low AISC and from the brief amount I have read the company will soon be generating strong free cash flow.

Have you been following them?

 

[greggles]

JPMorgan seeks buyers for $156.9m Aurelia Metals block

JPMorgan was in the market on Thursday afternoon, seeking buyers for a $156.9 million block of Aurelia Metals shares.

The stake, which represents almost 37 per cent of the company's shares on issue, was being sold on behalf of mining-focused private equity firm Pacific Road Capital, according to a term sheet sent to fund managers.

The offer price is pegged at 50¢ a share, a 14.5 per cent discount to the last close. JPMorgan is expected to close the book at 630pm Sydney time.

 

[leyy]

Nice move up today to break its recent high of 0.65c and close at 0.66c.

Now at an all time high.

 

[So_Cynical]

Was reading a fund manger write up of Aurelia last night, looks like i missed the big leg up..

 

[bigdog]

Share price: 55 cents (as at 17 July 2018)
Market capitalisation: $475 million

Aurelia Metals is a low-cost gold miner, focusing on the development and ongoing exploration of the Hera-Nymagee Project in Western NSW.

This includes the high grade gold and base metal Hera deposit, the emerging high-grade copper discovery at the nearby Nymagee copper deposit, and the recently acquired Peak Mines.

Aurelia is one of the lowest cost operators in Australia, helping it to deliver a very strong cash margin.

In the year to 30 June 2018, Aurelia Metals produced 97,374 ounces of gold at an all-in cost of $A509 per ounce. This compares very favourably with the achieved gold price of $A1698 an ounce.

This level of profitability has allowed Aurelia to repay all debt, and to have cash of A$67 million at 30 June 2018.

Having recently completed the acquisition of the nearby Peak Mine, Aurelia is projecting FY19 gold equivalent production of around 200,000 ounces.

The current gold price is around $A1,650 an ounce. Aurelia projects all in cash costs of around $A1,000 an ounce.

Using those projections, a simple back of the envelope calculation suggests Aurelia generates around $130 million cashflow from mining operations in FY19, something that compares very favourably against he company’s market capitalisation of $475 million.

There are many more moving parts to the company, and gold mining is notorious for surprising on the downside.

But there’s little doubt Aurelia is a cheap stock.

 

[leyy]

AMI moving well, closed above 80 cents this week.

Looking to top up on more if given the opportunity around 0.72 cents would be a good entry if it retraces

Otherwise happy to keep holding.

 

[greggles]

12 month highs for Aurelia Metals today.

Yesterday's Quarterly Report detailed quarterly gold production of 35,834 oz at an AISC of $732/oz and an AIC of $825/oz with Peak Mines producing 19,610 oz at an AISC of $917/oz and Hera Mine producing 16,224 oz at an AISC of $425/oz. Those margins must make AMI one of Australia's lowest cost gold miners. The AISC at Hera Mine is possibly the lowest I've seen.

AMI increased its cash balance by $25 million to $107.9 million as at 31 December 2018 with no debt. Aurelia is in a similar financial position to Silver Lake Resources but has far superior AISC. Surely $1 can't be far away now?

 

[Joules MM1]

morningstar edits

12 month highs for Aurelia Metals today.

Yesterday's Quarterly Report detailed quarterly gold production of 35,834 oz at an AISC of $732/oz and an AIC of $825/oz with Peak Mines producing 19,610 oz at an AISC of $917/oz and Hera Mine producing 16,224 oz at an AISC of $425/oz. Those margins must make AMI one of Australia's lowest cost gold miners. The AISC at Hera Mine is possibly the lowest I've seen.

AMI increased its cash balance by $25 million to $107.9 million as at 31 December 2018 with no debt. Aurelia is in a similar financial position to Silver Lake Resources but has far superior AISC. Surely $1 can't be far away now?

View attachment 91607

.96's for a swing ?

 

[Joules MM1]

13 week m/f suggests easy selling into strength for someone
..maybe

 

[aus_trader]

12 month highs for Aurelia Metals today.

Yesterday's Quarterly Report detailed quarterly gold production of 35,834 oz at an AISC of $732/oz and an AIC of $825/oz with Peak Mines producing 19,610 oz at an AISC of $917/oz and Hera Mine producing 16,224 oz at an AISC of $425/oz. Those margins must make AMI one of Australia's lowest cost gold miners. The AISC at Hera Mine is possibly the lowest I've seen.

AMI increased its cash balance by $25 million to $107.9 million as at 31 December 2018 with no debt. Aurelia is in a similar financial position to Silver Lake Resources but has far superior AISC. Surely $1 can't be far away now?

View attachment 91607

Yes it seems to be testing the all time high for the last decade and for good reasons as you've mentioned, as one of the lowest cost gold miners on the ASX. I've also covered the story on AMI when I tipped it back in September last year in the Speculative Stock Portfolio. Certainly one to watch...

 

[Zaxon]

I've chosen AMI for the February stock tipping comp. It's a gold stock, already doing well, and in this turbulent market, more people are falling back on gold.

 

[Zaxon]

 

[aus_trader]

Does a CEO exit warrant a 18% drop in the stock ? I am confused ! All comments / discussions appreciated. I hold the AMI stock and trying to work out whether to hold or fold...