AQD - Ausquest Limited

[greggy]

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.

Hi Canny,

I think that the Spec Buy recommendation that you've mentioned came from Hartleys Ltd back in Nov 06. Please correct me if I'm wrong. I mean this sincerely. It seems that not many people have been following this stock on this forum, but it has a lot of potential for my liking. Its concentrating largely on nickel and uranium, two hot commodities. There's probably not too many stocks around with interests in both hot commodities as well as having $8.1 million cash.
DYOR

 

[canny]

Hi Greggy, Yes it's Hartleys - but I don't know the date -
AQD mentioned it in response to their speeding ticket - great answer - not a simple 'we know nothing' - they actually laid out all the reasons the price was rising.
Glad we've got someone with common sense writing their anns!!!

I can't paste their response, as it was faxed to ASX and I can't copy it to clipboard - but here's the link:

http://topnews.reuters.com/AsxNews/...=urn:newsml:reuters.com:20070202:ASX_6A350673

Hopefully they have given enough info and incentive for the price to keep going up this coming week.

 

[greggy]

Hi Greggy, Yes it's Hartleys - but I don't know the date -
AQD mentioned it in response to their speeding ticket - great answer - not a simple 'we know nothing' - they actually laid out all the reasons the price was rising.
Glad we've got someone with common sense writing their anns!!!

I can't paste their response, as it was faxed to ASX and I can't copy it to clipboard - but here's the link:

http://topnews.reuters.com/AsxNews/...=urn:newsml:reuters.com:20070202:ASX_6A350673

Hopefully they have given enough info and incentive for the price to keep going up this coming week.

AQD has a very active exploration program for 07, with drilling ahead for both its nickel and uranium projects. This stock has been truly overlooked of late, but hopefully Friday's strong movement will help to increase AQD's profile.
DYOR

 

[llcede]

AQD has a very active exploration program for 07, with drilling ahead for both its nickel and uranium projects. This stock has been truly overlooked of late, but hopefully Friday's strong movement will help to increase AQD's profile.
DYOR

It's quite sad now... not going anywhere...

 

[floogie]

Have taken advantage of the drop in price and added another 100,000 shares to my holding in this company so am looking forward to some positive results comming out of this exploration program. We should be getting some progress reports on progress with this exploration program by the end of this month.
Here's hoping
floogie

 

[greggy]

Have taken advantage of the drop in price and added another 100,000 shares to my holding in this company so am looking forward to some positive results comming out of this exploration program. We should be getting some progress reports on progress with this exploration program by the end of this month.
Here's hoping
floogie

I sold out of the shares at 27c during its recent run and the oppies at 8c. This stock has a busy drilling program ahead for nickel. I've got this one on my watch list.
DYOR

 

[Riesling]

Annoucement out this morning. Drilling has commenced. SP cheap compared to recent historical prices. Good management with good communication.


AusQuest Limited 6 Kearns Crescent Ardross WA 6153 (T): 08 9364 3866 (F): 08 9364 4892
www.ausquest.com.au
April 23, 2007
ASX Release
MAJOR DRILLING PROGRAM COMMENCES AT PILBARA NICKEL
PROJECTS
• Minimum of 6,000m of RC/Diamond drilling to be undertaken across four nickel
projects.
• Up to 20 individual EM and VTEM targets to be tested.
• Drilling has commenced at the Bellary Project, to be followed by Beasley, Table
Hill and Sylvania Projects.
AusQuest Limited (ASX: AQD) is pleased to advise that the planned drilling program within
its extensive portfolio of nickel sulphide exploration projects in the Pilbara region of Western
Australia has commenced.
A minimum of 6,000 metres of RC/Diamond drilling is planned to test up to 20 nickel
sulphide targets identified by airborne and/or ground electromagnetic (EM) surveys within the
Company’s four nickel projects.
The program is expected to take 4 to 6 months to complete and will use a multi-purpose
RC/Diamond drilling rig contracted from Wallis Drilling Pty Ltd. Down hole electromagnetic
surveys (DHEM) will be undertaken where appropriate.
The current drilling schedule commenced on the 20th April at the 75%-owned Bellary project,
west of Paraburdoo, where a minimum of eight VTEM targets are ready for drilling, and will
be followed by drilling at the 100%-owned Beasley, Table Hill and Sylvania projects.
It is expected that drilling within the first two areas should be completed during the current
Quarter with drilling at the Table Hill and Sylvania projects being completed within the
second half of 2007.
2007 Field Season and Drilling Programs
Bellary Project:
The Bellary Project is located 20km north west of Paraburdoo in WA and covers a 40km belt
of unexplored ultramafic rocks which correlate, in part, with the prospective ultramafic
sequence at Beasley.
A detailed helicopter-borne VTEM survey completed in the second half of 2006 identified a
number of EM targets with limited strike length (50 to 200m), close to the base of the
ultramafic units which are considered prospective for nickel sulphide mineralisation. These
ultramafics are defined by a combination of geological mapping by the Company’s
consultants and interpretation of detailed aeromagnetic data.
AusQuest Limited 6 Kearns Crescent Ardross WA 6153 (T): 08 9364 3866 (F): 08 9364 4892
www.ausquest.com.au
Field reconnaissance and sampling confirmed the presence of channels within the ultramafic
sequence (considered prime locations for the accumulation of massive nickel sulphides) and
located gossanous outcrop (albeit narrow <1 metre) up dip and along strike from one of the
VTEM targets.
A minimum of eight VTEM targets have been selected for testing during this initial phase of
drilling. All targets are discrete VTEM anomalies located close to the basal contact of the
ultramafics. No previous drilling has been undertaken within the Bellary project area.
Beasley Project
The Beasley Project is located 50km west of Tom Price in the Pilbara region of WA.
Previously reported wide-spaced (400 metres) drilling results identified a broad channel
containing disseminated magmatic sulphides of high metal tenor (Ni, Cu, PGE) within the
targeted ultramafic sequence. These results, combined with aeromagnetic data, have been
used to outline a target zone (approximately 500 metres wide) extending to the north, and
down dip from the current drill hole locations.
A program of 6 holes is planned to test the interpreted channel position. This will include
infill drilling (to ~150 metres) around current drill hole locations and completion of a second
drill section approximately 300 metres to the north, across the interpreted down dip extension
of the channel. Drilling will also target a subtle off-hole DHEM target located previously but
not tested.
Table Hill
The Table Hill Project is located 200km east of Newman in WA. Exploration in this region is
targeting Noril’sk-style nickel sulphide mineralisation within a feeder system to the regionally
extensive Table Hill Volcanics.
The area is dominantly covered by dune sands with very little outcrop available for mapping
and sampling. The large extent of the feeder complex is defined by aeromagnetic data which
indicate the presence of numerous intrusive sills and dykes which are potential host rocks for
Noril’sk style nickel sulphide mineralisation.
An extensive airborne EM (GEOTEM) survey flown in December 2005 identified a number
of EM targets that could reflect sulphide mineralisation near the base of mafic sills outlined
by the airborne magnetic data.
The Company is currently gaining access to the target areas to enable completion of ground
EM surveys prior to drilling, which is scheduled for the second half of 2007. Up to 11 target
areas will be surveyed by fixed-loop time domain EM prior to the drilling program being
finalised. A minimum of 2,400 metres of drilling is planned with hole depths expected to be
between 300 and 400 metres.
Sylvania
The Sylvania Project is located 10 kms south of Newman in the east Pilbara region of WA.
Regional mapping and interpretation of geophysical data sets indicate potential strike
extensions of the prospective ultramafic sequences found in the Beasley and Bellary areas,
200 kms to the west.
AusQuest Limited 6 Kearns Crescent Ardross WA 6153 (T): 08 9364 3866 (F): 08 9364 4892
www.ausquest.com.au
Ground EM follow-up of airborne (GEOTEM) anomalies identified two high-conductance
targets closely associated with the interpreted ultramafic sequence indicating potential for
massive nickel sulphide mineralisation.
Drilling of these targets is scheduled for the second half of 2007. Target depths are modelled
at approximately 150 metres.
Graeme Drew
Managing Director

 

[2020hindsight]

AQD has gone up 30% today from 27c to 34 c - which is very impressive and I must do some research to find out why

 

[greggy]

It's quite sad now... not going anywhere...

Not anymore Ilcede. It went up 7.5c to 29.5c today on volume of over 3 million. It pays to be patient sometimes. Its currently actively exploring its WA nickel interests. It also has the Sylvania Uranium Prospect. My guess though for today's strong rise is that nickel is fast becoming the flavour of the month and investors are looking for nickel producers as well as active nickel explorers.
DYOR

 

[floogie]

The drilling program that is taking place at the moment one would expect at least one of these exploration sites will turn up trumps. It is going to be an interesting 2nd half.
Would be nice if the share price hit the $ mark by Xmas.

 

[greggy]

The drilling program that is taking place at the moment one would expect at least one of these exploration sites will turn up trumps. It is going to be an interesting 2nd half.
Would be nice if the share price hit the $ mark by Xmas.

Judging by today's share price increase along with the strong volume, interesting days lie ahead for this stock especially when one considers it has an active exploration program currently underway.
DYOR

 

[vert]

Another strong day, up to 0.38 with a close at 0.35 on 4.4 mil vol. is there some psible results soon on their drilling?

 

[Caliente]

Not an unexpected story really - when you have nickel + uranium AND a good management team to boot

Should see this one leg up even further pending on snazzy drilling results.

 

[legs]

Oxiana just purchased 6 million AQD shares.
Apparently the managers from both companies used to work together.

Oxiana has stated in the past that it is looking to grow and actually has made acquisitions.

 

[ta2693]

Oxiana just purchased 6 million AQD shares.
Apparently the managers from both companies used to work together.

Oxiana has stated in the past that it is looking to grow and actually has made acquisitions.

I am afraid I am a little bit late for this one.
Does OXR want to acquire AQD ?
How likely would that happen?

 

[greggy]

Oxiana just purchased 6 million AQD shares.
Apparently the managers from both companies used to work together.

Oxiana has stated in the past that it is looking to grow and actually has made acquisitions.

Oxiana has also purchased over 3.6 million options in AQD. IMO Oxiana must obviously think that AQD is a good investment to be on its register. Why else would it be wasting its time on a relatively small company. The next few months are likely to be quite interesting for AQD.
DYOR

 

[tronic72]

For any of you interested. AQD is sitting at a yearly low today. Great time to buy this undervalued speculative stock (IMHO)

 

[Sean K]

For any of you interested. AQD is sitting at a yearly low today. Great time to buy this undervalued speculative stock (IMHO)

tronic, Just because it's at it's lows does not mean it's a great time to buy. Please provide more analysis to justify any thoughts on a stock and please do not recommend stocks as a buy, or sell, but mearly comment on their value.

So, why is it good value at these levels?

Cheers, kennas

 

[tronic72]

Massive volume for AQD following discovery

I've held AQD and they seem to be finally coming up with the goods. Their share price has gone up around 65% in a few days

See below:

"HIGH GRADE MANGANESE DISCOVERED AT TABLE HILL

• 3.9 metres grading 47.5% manganese (Mn) reported from AusQuest’s first drill-
hole at Table Hill, East Pilbara.

• Manganese confirmed as the cause of Geotem Anomaly 1 which was the target of
initial drilling.

• Potential for manganese mineralisation inferred over 18km² based on the extent
of Geotem Anomaly 1.

• Tenement applications covering an additional 5,000 km² submitted to secure all
the potential manganese EM targets identified by the Geotem survey.

AusQuest Limited (ASX: AQD) is pleased to advise that assay results from the first diamond
drill hole (THDD01) completed at its Table Hill Project, located 200km south-east of
Newman in WA’s Pilbara region, have confirmed the presence of a 4 metre thick
manganese-rich layer with an average grade (47.5% Mn) similar to grades being mined by
producers in Australia and South Africa.
"

 

[diamond h]

Anyone got any comments or opinions on what the recent announcement re. new issues opions etc will do to this stock price.On another site someone posted that the share price is worth $9.00.Just new to share trading and appreciate picking others brains.