AQA - Aquila Resources

[TheAbyss]

Hi everyone, I'm new on the forum. Anyone have any ideas about where AQA is going in the short term? It seems to be sliding as fast as it had risen!

Am enjoying the correspondence - the more I read, the more I need to read!

AQA has been a good one for a while now. What better way to play IO and Coal? Whether it can keep going is problematic as it has been a decent run for a while now.

May just be taking a break, profit taking or correcting? Not sure on that. Volumes are still low on this pull back so other than taking some profit off the table i am staying for a while yet.

AQA has bounced off $9.00 a few times since early December. If it closes beneath $9 i would be concerned otherwise another leg up after a refresh?

 

[skc]

AQA has been a good one for a while now. What better way to play IO and Coal? Whether it can keep going is problematic as it has been a decent run for a while now.

May just be taking a break, profit taking or correcting? Not sure on that. Volumes are still low on this pull back so other than taking some profit off the table i am staying for a while yet.

AQA has bounced off $9.00 a few times since early December. If it closes beneath $9 i would be concerned otherwise another leg up after a refresh?

My random guess of the day... AQA to bounce back up to $10.4 before heading back down... it needs to conform to a textbook H&S, doesn't it?

It is a unique stock on the market that gives you exposure to both, although coal and IO are pretty correlated (so not much diversification benefits in the finance sense).

 

[Miro]

My random guess of the day... AQA to bounce back up to $10.4 before heading back down... it needs to conform to a textbook H&S, doesn't it?

It is a unique stock on the market that gives you exposure to both, although coal and IO are pretty correlated (so not much diversification benefits in the finance sense).

It doesn't look like it ... a 30% decline in the share price in the past couple of weeks

Jan 12th - $11.13
Jan 29th - $8.53
and today it's down 7% at open

 

[theresem411]

Hi, Still new to trading and hold AQA. Anyone have any thoughts on what's happening at the moment. Disappointing run of late.

 

[Miro]

Hi, Still new to trading and hold AQA. Anyone have any thoughts on what's happening at the moment. Disappointing run of late.

I sold off all my AQA shares in mid February on the way up, I missed the top by a dollar but it's now it's trading lower anyway.

I believe we're in a commodity bust (2008 repeating)
- look at Shanghai index - it's a screaming bear market since 2007 and it wants to go lower
- oil, copper, pretty much commodities across the board, everything is going lower
- money supply in the states is shrinking

If you're new to shares this is a risky trade. It's not 2009 when everything was going higher. Be extra careful.

 

[theresem411]

Thanks for your thoughts. I'm enough in front to get out and still be happy. Maybe I should take the hint!

 

[Miro]

Thanks for your thoughts. I'm enough in front to get out and still be happy. Maybe I should take the hint!

Markets are setup to retrace 50% of the recent leg down. I'd get the stock off the table when XAO moves back to around 4600, if it makes it all the way there.

 

[beatthemarket]

A bullish bottom wedge has formed on Aquila Resources. This signal indicates that the price may rise to the range of A$2.50/sh to A$2.80/sh. A Bottom Wedge is considered a bullish signal, marking a possible reversal of the current downtrend. The pattern is formed during a downtrend and shows two trendlines converging. The technical event occurs when the price breaks upward out of the Wedge formation and closes above the upper, falling trendline, thereby confirming the pattern.

 

[Gringotts Bank]

Quite a strong contraction of open-close price range. Just below the trendline unortunately. However last time it did a very similar pattern, it resulted in a strong move up. Might wait for tomorrow's open.

 

[notting]

Someone probably M&G Investment management sold 12% or so of AQA at 3.75. The offer price is 3.40. Some other large holdings went across at that price.
They say it's MIN that's going to make a counter offer.
Gone from stupid to insane.

Some say it makes sense because MIN has considerable contractual arrangements with AQA. How does that make sense, exactly?

If I was holding I would not be for a minute longer. There is considerable risk that Biosteel will walk.

 

[skyQuake]

Although there's talk of a bid by MIN, the big crossing could simple be a blocking stake. Or something to use in negotiations to protect MIN's own interests

 

[notting]

Whilst there is plenty of forced liquidation of Iron Ore as collateral due to the CCPs clamp downs on the practice of using raw materials as collateral for shadow banking loans. The market dominos have been falling as a result because others are also forced to sell Iron Ore collateral to offset risk of it going too low and the loans losing their backing. The communists have also ordered their comrades in business to buy foreign Iron Ore miners.
Manipulation and some vote of confidence in Iron Ore.
They have also been stimulating buy stealth.
In other words trying not too look like they are stimulating to try to keep up the show that the model is transforming.

The Chinese market has been moving up on higher volumes over the last week or so indicating that it is not all over just yet.

Opportunity!

 

[System]

On July 29th, 2014, Aquila Resources Limited (AQA) was removed from the ASX's official list following the compulsory acquisition by Baosteel Resources Australia and Aurizon Operations Limited.