AQA - Aquila Resources

[Miner]

Oh dear, what a disaster for buy and holders from the peak. eeeek!

I'm tempted to put this in the bottom pickers thread and take a pluck that $2.00 was a bottom, but it's just a pluck based on the last 4 months of consolidation between $2.00 and $4.00, but it's still gently sliding more downish. Would have to take a break through $4.00 maybe for it to look anything but bearish longer term, but cripes, that's about 75% gain from here....

Maybe turnaround story once IO and coal outlook is better? Maybe another easy target for the Chinese?

Hi Kennas

How D
I am a little perplexed with your note on AQA with a desire to keep it in bottom drawer notwithstanding IO scrips generally not having good time.

But the share has done remarkably well : already up by more than 8 %. Is that what you are guessing the Chinese predators on this one too ? THe volume of sale is not much however. God Saves Australia if your thoughts are true as it will enable the Chinese Steel makers to throttle our iron ore producers from Australia through back door control by virtue of their ownership of RTIO, AQA, CITI Pacifc and others.

Here is the trading for AQA

Code Last % Chg Bid Offer Open High Low Vol
AQA 2.480 8.3% 2.460 2.480 2.250 2.480 2.220 88,013

 

[Sean K]

Hi Kennas

How D
I am a little perplexed with your note on AQA with a desire to keep it in bottom drawer notwithstanding IO scrips generally not having good time.

Hi Miner, Not bottom drawer, but bottom pickers, as in - found a bottom. Maybe the $2.00ish mark is it. Next leg down in the overall market may gazump that idea, or not.

 

[JTLP]

I've been tempted to get on the AQA train for a long time now...especially with the resources etc. But they just seem to keep sliding lower (as Kennas noted). The range has been pretty much from around 2.20 - 3 ish for the last 3 months (and sliding)...nothing spectacular.

I had this coupled with FLX as the 2 standouts from last year...but would rather be in FLX as this time due to the always lingering T/O...

Does AQA have any predators (aside from zi Chinese???)???

 

[Sean K]

I'm tempted to put this in the bottom pickers thread and take a pluck that $2.00 was a bottom, but it's just a pluck based on the last 4 months of consolidation between $2.00 and $4.00,

This was an outstanding breakout a few weeks ago, consolidated nicely, and has now broken out again. Maybe a bottom is in? EWers might say we're now into a W3.

 

[beamstas]

AQA has recently popped.

From an EW point of view we could have a wave-1 in place, with a running flat wave 2. We should be commencing a wave 3 now and would expect a triangle consolodation to come back to a shallow wave 4

Brad

EDIT: Didn't see Kennas chart as wasn't logged in
Sorry Kennas

 

[enigmatic]

This one had fallen of my radar but been looking at it the last few days and looks like its having another run. Is there something behind these runs of late. This is definite a long term play for me with the full impact coming on arround 2012-2013 with a few more projects 2015

Looked a little further and there has been a few Iron Ore increases

 

[enigmatic]

Well Looks like its still heading upwards broke through my expected resistance its had a few runs like this before and then consolidated might be a good time to pick some up soonish.

 

[enigmatic]

I'm surpised this hasn't recieved a speeding ticket.. The last 6 days AQA has opened the following day above the previous close with only today showing some sign of weakness, which could be just a result of the market.

I hold got in at 3.10 so Quite happy were its at however with so many projects in the pipeline looking forward to higher highs in the next few years.
Great long term stock might of run alot of its course for short term though.
It did fall heavily from $10 so you never know it might run up to the $10 support quickly.



DYOR

 

[Sean K]

I'm tempted to put this in the bottom pickers thread and take a pluck that $2.00 was a bottom,

Arrrghhhhh!!!!!!!!!

The ultimate, 'hesitation and all shall be lost' example.



Pick any other coal stock and you could do the same.

What an AMAZING lost opportunity.

 

[Go Nuke]

Ah just buy in on the retracement.

AQA is a great long term play I reckon. Shame my cash is parked elsewhere perhaps till the limelight comes back to iron Ore.

(I don't hold AQA)

 

[minxb]

I've only just started looking at this sort of thing but this one seems to be going down again. Does anyone think that it might come back up?

What is a retracement?

 

[enigmatic]

Well this one has paid off a little.. should be some consolidation between $5.5 and 6.. however it has been trailing the XJO since march Still have confidence this will get back up... with all the projects in the pipeline.. whats everyone elses thought

 

[justiceotp]

Am enjoying this one jumped in at the right time and got a few @ $3.60 be nice if it keeps going north

 

[enigmatic]

Well looking like a potential break out again for AQA might be on the cards
The chart is a Point and Figure of AQA.

 

[Sean K]

Oh dear.

So many opportunities in this crisis. And I'm still mostly sitting on my hands.

I'm torn between hoping there is another leg down, and just being happy that what I've got invested has done OK.

This was the fish that got completely away.

 

[enigmatic]

Surprisingly this is the 3rd leg up I have jumped on 3.10 4.22 and 5.32 neither one has failed to delivery although traded 4.22

Kenna's cant go Past what AQA has in the pipeline and with some possible co-operation with FMG things in the future are looking good.

Good luck to all those that have been buying some AQA..

 

[Zird]

AQA up 9% today. Kennas you are on the ball once again. Thanks for the charts. Still got a way to go before return to previous highs. It is surprising how little attention this company gets when the future looks so bright.

 

[Sean K]

This little move was probably on the back of the FLX takeover. AQA having substantial iron and coal would probably be on the dart board as well. Not sure about capital structure and % ownership to how easy they could be taken. Really been a great run for holders, or those seeing a bounce from around March.

 

[Zird]

Thanks also Enigmatic for your research and charts on AQA I have been holding for 12 months and will hold long term unless we I jump on the rise and off on the falls but as my holding is not large I will have to work out the economics of it..

What is the best way of predicting when each fall will occur - is it by watching the volumes drop plus taking an average rise from the previous rises to get an approximation?

 

[Zird]

Some OS Aquila news from The Steel Guru

HudBay Minerals announces JV with Aquila Resources
Monday, 10 Aug 2009

HudBay Minerals Inc announced that it has entered into an agreement with Aquila Resources Inc granting HudBay the right to acquire a majority interest in Aquila's Back Forty Project located in Menominee County of Michigan.

Under the agreement HudBay has agreed to subscribe for 12,141,051 common shares of Aquila a 14.9% ownership interest at a price of CDN 0.1827 per share for an investment of CDN 2.2 million. Completion of the subscription is subject to receipt of approval from the Toronto Stock Exchange. Upon completion of the subscription, HudBay will obtain an option to acquire a 51% ownership interest in the Project through the expenditure of USD 10 million within three years and the right to further increase its ownership to 65% by completing a feasibility study, submitting an application for permitting the Project and making certain option payments. Upon HudBay acquiring a 51% interest in the Project a joint venture will be formed between the parties. HudBay will act as operator for the joint venture and will have marketing rights to the metal production from the Project.



The Back Forty Project includes an advanced exploration stage volcanogenic massive sulfide deposit containing zinc, gold, copper and silver. An updated NI 43-101 compliant resource estimate announced on January 15, 2009 by Aquila consists of 8.5 million tonnes in the measured and indicated category and an additional 1.2 million tonnes in the inferred category. Much of the deposit can be mined using open pit methods, which could allow for faster, lower cost mine development compared to underground mining. The Project also includes an exploration land package of approximately 9,600 acres which will allow HudBay to use its award winning exploration techniques for VMS deposits.