AQD - Ausquest Limited

[Ann]

http://www.ausquest.com.au/
Principal Activities: Exploration for nickel sulphide and gold deposits in Australia.

This chart is displaying a very interesting chart pattern.

 

[ob1kenobi]

Re: AQD - Ausquest Limited...Gold/Nickel

Personally, I would proceed with extreme caution. The chart attached indicates volatility, with more questions raised than are answered. Why the sudden spike in the volume, which till now has barely registered? Why has it recently been overbought? Why does it look like it is about to be oversold? What are the pressures acting on the market with this stock to cause that volatility?

Aspect Huntley reports the following Key measures on this stock. For my money, the TA and FA are lacking in crucial information, so I wouldn't proceed. Having said that, that's me following my trading plan. This may well suit the financial objectives of others. If in doubt, seek professional advice, as this is only my opinion.
Key Measures
Value NR Not Ranked
Risk 4 Above Average
Growth NR Not Ranked
Income 5 Lowest
More Info on key measures
(from Aspect Huntley as found on ETrade Australia).

 

[Ann]

Re: AQD - Ausquest Limited...Gold/Nickel

Hi ob1kenobi,

How very sensible and wise to ask that all important question.....why?

With these speccy miners anything Aspect Huntleys can tell you would be of very little use. In matters of price or volume spikes it is wise to look to the ASX notices to see if there is a genuine reason for excitement, or is it just being 'ramped'. This is the notice that caused the first spike....

25/11/2005 Media Rel: Letter of Intent with Rio Tinto
then
08/12/2005 Change in substantial holding [It was Acorn Capital aquiring a further 1.2mill shares.]
then
16/12/2005 Media Release - Agmt with Falconbridge on Pilbara Nickel
then
23/12/2005 Change of Director's Interest Notice [Mr John Innes (Non Exec. Chairman)] just bought 424,832 ordinary shares and options

There appears to be good reason for this stock forming a pennant.

Good advice from ob1kenobi, if you are uncertain about about shares or the stockmarket....please speak with a good financial adviser, if you find one, please give me their name, I am still looking.

 

[ob1kenobi]

Re: AQD - Ausquest Limited...Gold/Nickel

Anne, I agree with you. I did have a look at the ASX notices before asking the why question. I guess I like to err on the side of caution. Whilst I agree with your summation about a pennant forming, the volatility would still see me on the sidelines for a bit longer. As I said, that's me following my trading plan. So long as you have a plan that your trading too and your trade fits with that plan, great. Good luck and thanks for your charts. It is interesting how we all bring different perspectives to our charts. Again good luck!

 

[Ann]

Re: AQD - Ausquest Limited...Gold/Nickel

Hi ob1kenobi,

Just to clarify....I don't hold this stock. I don't buy mining stocks. I was doing a stock filter and this is just one that turned up in my search. I recognized this as an excellent pattern from past experience. I don't like waste so I thought I would just pop the chart up for those who may be interested.

They don't appear this well formed all that often. Yes you are right, if it doesn't fit into your trading plan, don't touch it. I am not.

 

[ob1kenobi]

Re: AQD - Ausquest Limited...Gold/Nickel

Thanks for that Anne. The only exploration stock I hold is QGC and that experience has caused me to be wary. I tend not to by these types of stocks as it doesn't fit with my trading plan or the overall design of my portfolio. Nonetheless, I enjoyed this discussion and the various viewpoints that the charts throw up. Good luck!

 

[Ann]

Re: AQD - Ausquest Limited...Gold/Nickel

Upsie daisy again tomorrow?

 

[tarnor]

Re: AQD - Ausquest Limited...Gold/Nickel

a lot are anticipating a formalised agreement with rio in the next month or 2.. should be the usual buy on build up.. the breakout was a very nice call Anne.. this got a lot of attention when they announced the LOI.. i love stocks like this for a quick trade but all tied up in stx atm.

what sort of filter you using?

 

[Ann]

Re: AQD - Ausquest Limited...Gold/Nickel

Hi tarnor,

I use the IC filter. Nothing fancy on this occassion, I just decided to run through the gold section in materials. No settings. I just saw this and went whahoo, someone is just going to love seeing this.

IC have a lovely quick set up for flicking through filtered stocks. Just a scroll button will deliver stock after stock..... No I am not affiliated with them. In fact I am currently a banned citizen for being very rude to one of the moderators. I basically called him a crawling w*nker with no trading or charting abilities. :

So I really am not surprised the creeping arachnoid showed me the exit sign.

 

[Ann]

Re: AQD - Ausquest Limited...Gold/Nickel

Here we go.....

 

[GreatPig]

Re: AQD - Ausquest Limited...Gold/Nickel

I'm in

Cheers,
GP

 

[SevenFX]

Anyone still holding AQD and have a take on it...

It seems to be rising from it's lows with high today...

 

[2020hindsight]

SevenFX - replying to your old post here .. - I've got a few. so few and worth so little that I couldn't be bothered selling them. But having said that they've gone up a bit this week.
They have bonus issue (1 for 10 held) 20c, current price 26c. - but beware I could be ramping lol. (don't think I'll get any more btw). - but then again I might regret it when they hit paydirt for big brother RIO. maybe they'll get swallowed up by RIO then? - I've no idea how it works btw.
just that I like that song.."when my baby smiles at me I go to RIO"
seems as good a reason as any to buy shares lol.

 

[greggy]

SevenFX - replying to your old post here .. - I've got a few. so few and worth so little that I couldn't be bothered selling them. But having said that they've gone up a bit this week.
They have bonus issue (1 for 10 held) 20c, current price 26c. - but beware I could be ramping lol. (don't think I'll get any more btw). - but then again I might regret it when they hit paydirt for big brother RIO. maybe they'll get swallowed up by RIO then? - I've no idea how it works btw.
just that I like that song.."when my baby smiles at me I go to RIO"
seems as good a reason as any to buy shares lol.

After a significant amount of research, I bought some today, both shares at 17c and options. Ausquest announced today that it will be commencing uranium exploration at Sylvania in WA. Detailed helicopter borne radiometric surveys are scheduled to commence next week.
Also, according to a ASX release dated 8 Dec 06, following the recent capital raising and the completion of the options exercise, AQD now has some $8.5 million cash on hand. During the next 12 months, AQD will in particular be drilling on its four nickel projects in the Pilbara region and do further test work at its Sylvania Uranium Project where a large number of airborne uranium anomalies have been identified for follow up.
DYOR

 

[YOUNG_TRADER]

What the **** just happened with AQDOA?????????????????????????

 

[watsonc]

Looks to be in a bit of a bullish channel. Dammit! I knew I should have bought some last week!

 

[YOUNG_TRADER]

I guess you missed what I was referring to

AQDOA went from 5c to $4.07 in one trade, showed a gain of 6666%+

It was obviously an error as the trades are now being cancelled

Still shocked the crap out of me!

Not holding or following, just saw it pop up on Mkt Movers window

 

[canny]

Trade wasn't cancelled on my board - but what a bit of fun!!
Sent me to look at them, and I think AQDOA are actually a good opportunity for a future multi bagger.
Uranium exploration starting shortly - should keep it on the one to watch board!

AusQuest Limited 6 Kearns Crescent Ardross WA 6153 (T): 08 9364 3866 (F): 08 9364 4892
www.ausquest.com.au
January 11, 2007
ASX Release
AUSQUEST TO COMMENCE URANIUM EXPLORATION AT
SYLVANIA
AusQuest Limited (ASX: AQD) advise that detailed helicopter borne radiometric surveys are
scheduled to commence next week within its 100% owned Sylvania Project south of Newman
in the east Pilbara region of Western Australia, where earlier reconnaissance sampling by the
Company had returned anomalous uranium assays (up to 341 ppm U3O8) from surface
ironstone and calcrete samples (ASX report 20th November 2006).
The ironstones reflect targets along dykes, shears and fractures within the granitic bedrock
whereas the calcretes are believed to be similar to those which host the uranium deposits at
Yeelirrie (BHP) in Western Australia and at Langer Heinrich (Paladin Resources) in Namibia
(South West Africa).
A total of twelve areas varying from 2 km ² to 20 km ² in size have been outlined for detailed
helicopter surveys. The Company believes that the ability to fly slow (60 knots) along close
spaced flight lines (50 metres) at low altitude (approximately 30 metres) will provide the
detailed sampling coverage required to advance the prospects to the drilling stage later in
2007. No previous drilling for uranium has been carried out within the Company’s leases.
Fugro Airborne Surveys has been contracted to undertake the surveys and will provide
corrected radiometric data (uranium, thorium and potassium channels) within three to four
weeks of completion of flying.
AusQuest continues to be encouraged by the early sampling results which confirmed the
presence of uranium in a variety of geological settings. The Company controls approximately
1800 km ² of title in the Sylvania region.
Graeme Drew
Managing Director

 

[greggy]

Trade wasn't cancelled on my board - but what a bit of fun!!
Sent me to look at them, and I think AQDOA are actually a good opportunity for a future multi bagger.
Uranium exploration starting shortly - should keep it on the one to watch board!

AusQuest Limited 6 Kearns Crescent Ardross WA 6153 (T): 08 9364 3866 (F): 08 9364 4892
www.ausquest.com.au
January 11, 2007
ASX Release
AUSQUEST TO COMMENCE URANIUM EXPLORATION AT
SYLVANIA
AusQuest Limited (ASX: AQD) advise that detailed helicopter borne radiometric surveys are
scheduled to commence next week within its 100% owned Sylvania Project south of Newman
in the east Pilbara region of Western Australia, where earlier reconnaissance sampling by the
Company had returned anomalous uranium assays (up to 341 ppm U3O8) from surface
ironstone and calcrete samples (ASX report 20th November 2006).
The ironstones reflect targets along dykes, shears and fractures within the granitic bedrock
whereas the calcretes are believed to be similar to those which host the uranium deposits at
Yeelirrie (BHP) in Western Australia and at Langer Heinrich (Paladin Resources) in Namibia
(South West Africa).
A total of twelve areas varying from 2 km ² to 20 km ² in size have been outlined for detailed
helicopter surveys. The Company believes that the ability to fly slow (60 knots) along close
spaced flight lines (50 metres) at low altitude (approximately 30 metres) will provide the
detailed sampling coverage required to advance the prospects to the drilling stage later in
2007. No previous drilling for uranium has been carried out within the Company’s leases.
Fugro Airborne Surveys has been contracted to undertake the surveys and will provide
corrected radiometric data (uranium, thorium and potassium channels) within three to four
weeks of completion of flying.
AusQuest continues to be encouraged by the early sampling results which confirmed the
presence of uranium in a variety of geological settings. The Company controls approximately
1800 km ² of title in the Sylvania region.
Graeme Drew
Managing Director

Hi All,

I've decided to return for a while. Went on holidays and now back at work. This is still the best forum around town and such members as YT, kennas, tekmann, Calliente, Julia and maverick11 are amongst the many intelligent members you'll find on any forum.
Has anyone else been following AQD. The shares are up 6c to 25c on turnover exceeding 4 million, this is the highest turnover that this stock has had for a while. The options are also up 1c today to 8c. With the reslutsd from its suvey at its Sylvania Uranium Project as well as its upcoming drilling program for nickel commencing in Mar/Apr 07, this stock has potential on a number of fronts. One to keep an eye on. I, for one, have plenty of options in AQD.
DYOR

 

[canny]

Brilliant day -and if it hadn't been for that $4.07 weird transaction, I may never have bought in!!!

The helicopter survey should now be well and truly finished, with results due in the next week or so.

It's on a brokers strong spec buy recommendation, which may have been what pushed the price up today - who knows?

Seems to me that a good uranium flyover results ann will push it much higher, and the nickel is probably the best actual project, as it's money in the bank.

Very little for sale on the board now.