ASQ - Australian Silica Quartz Group
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Lucky_Country
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Showing good stability and a great announcement of the new MD.
Rather in than out on BAU just takes time and will deliver.
Rather in than out on BAU just takes time and will deliver.
Lucky_Country
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BAU seems to have found its base for the next leg up.
I for one havent forgotten the potential this company holds those brave enough to jump in will profit imo.
I for one havent forgotten the potential this company holds those brave enough to jump in will profit imo.
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Hi Aston Villa Fan,
I purchased this one 3 weeks ago, and i just cant wait to see what it does from now till the end of the year....
It has definately found a base at around 25c to 30c mark, for the next run to see it reach close to the $1 mark.....
Come on you good thing...
I purchased this one 3 weeks ago, and i just cant wait to see what it does from now till the end of the year....
It has definately found a base at around 25c to 30c mark, for the next run to see it reach close to the $1 mark.....
Come on you good thing...
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Capital Investment Partners have have published BAU in their mining book.
Great analysis, as expected
HAVE A READ...... ENJOY......
http://www.bauxiteresources.com.au/downloads/CapitalPartBAUAug08Rep.pdf
Great analysis, as expected
HAVE A READ...... ENJOY......
http://www.bauxiteresources.com.au/downloads/CapitalPartBAUAug08Rep.pdf
Lucky_Country
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Hopefully this may start the flow of more good news on the BAU front and see the sp back up where it belongs.
Once it starts to run BAU is hard to stop and with futher news may at least test previous highs.
Medium term BAU is a gem of a company and will enjoy the ride.
Once it starts to run BAU is hard to stop and with futher news may at least test previous highs.
Medium term BAU is a gem of a company and will enjoy the ride.
Lucky_Country
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Great announcement today people !
Offtake agreement for all of BAUs DSO.
Funding agreed, equity stake, production in 12 months and also partners wishing to help proceed Stage 2 Alumina refinery.
Go you good thing !
Offtake agreement for all of BAUs DSO.
Funding agreed, equity stake, production in 12 months and also partners wishing to help proceed Stage 2 Alumina refinery.
Go you good thing !
Hi Ijh
indeed a great news
i did a quick cal early today and came up with a price of 1.72
Revenue=2.8m*50AUD(price range between USD$50-$75 in July, take into account resources price drop which should be offset by weaken Australian dollar. To be very conservative, I use 50 AUD a ton
Revenue=140M
Cost assume 50%
EBIT:=70M p.a
Fully diluted share =160m
EPS=70/160=0.43
Assuming reserve =30mt 2.8m p.a. =approx 10 yr mine life
Assume a very low PE due to mine life
Eg pe=4
Share price=1.72
the bau price i used was back in July any idea where i can get an updated price?
also
i reckon the key to this share is
1. when can they get the licences?
2. Will the chinese counterparty break the contract if china gets stuck with global slow down.(did read somewhere that this is actually happening to some companies)
but its definitely worth the risk...
good luck to all BAU long term investors
Lucky_Country
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Well the Chinese knows the world economey is slowing and yet they still sign up with BAU !!!!
Great signs for this company in a years time when they start the exporting the global economey will be on the mend and BAU will bwe well placed to ride a mommentum of Chinese growth.
The key is the quality of the product that BAU can offer and the location.
I look forward too drilling and reserve announcements this could be big !!!
BAU is has got what the Chinese want just such great potential with this company.
Great signs for this company in a years time when they start the exporting the global economey will be on the mend and BAU will bwe well placed to ride a mommentum of Chinese growth.
The key is the quality of the product that BAU can offer and the location.
I look forward too drilling and reserve announcements this could be big !!!
BAU is has got what the Chinese want just such great potential with this company.
Hi is it a contract or just a MOU if its just MOU then its no use...not legally bound?
but its always glad to find someone who is interested in you and would provide $ for drilling and etc..
BAU will be sky rocking when
1. sign the official contract with chinese counterparty
2. get the licences.
licences is the key
PS. can any company in oz export resources without JORC?
http://www.proactiveinvestors.com.a...s-snags-chinese-funding-and-offtake-0360.html
Check this out. News is getting out there. Once people know about this little hidden gem, its off we go.
Check this out. News is getting out there. Once people know about this little hidden gem, its off we go.
Lucky_Country
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Great article just shows Im not alone in thinking about the potential of BAU.
The next 12 months should be really excitiong on for the company and the next 1 month could be the deal clincher with the Chinese and Government for the applied tenaments
Lucky_Country
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Anyone still tracking BAU.
Seems to be progressing very well in this market even tho it is not reflected in the shareprice.
Offtakes and MOUs with the Chinese and a fast track to production.
Could suprise alot of people this company could.
Seems to be progressing very well in this market even tho it is not reflected in the shareprice.
Offtakes and MOUs with the Chinese and a fast track to production.
Could suprise alot of people this company could.
Hello. Up front I'll tell you that I own shares in BAU.
In research I've come up with the following.
Not a lot of shares. Just over 100 mill.
A lot of tenements, a lot of prospective ground.
History of exploration of these tenements infers a large resource.
Up around $7 mill in the bank.
Sensible management of costs. eg get Shandong to pay for exploration. Don't get licences issued on tenements immediately as starts to cost once licence issued.
2/3 of shares owned by top 20 holders.
Access to 3 ports etc makes it easy to move bauxite overseas.
Shipping rates overseas have decreased markedly.
Have 2 parties interested in the bauxite. One is Shandong which is a govt organisation of China.
From memory 2 of the directors hold about 35 million shares.
The 6 month low for this stock is 9.5cents which was a mere blip on the graph. ie went down and jumped straight back up to around 18/19cents.
Since I've been watching and bought the sell volumes on offer have been very low.
Volume wise there is usually 2 to 3 times as much volume buy as volume sell.
imo these last 2 facts mean if demand picks up then price has potential to jump.
What I don't understand is with all of the above why isn't the demand a lot higher?
I'd be interested in what other people think about my research, what things I've missed (good and bad) that have a bearing on the share price and how you see the price being affected in the next 6 months.
I look forward to your input.
In research I've come up with the following.
Not a lot of shares. Just over 100 mill.
A lot of tenements, a lot of prospective ground.
History of exploration of these tenements infers a large resource.
Up around $7 mill in the bank.
Sensible management of costs. eg get Shandong to pay for exploration. Don't get licences issued on tenements immediately as starts to cost once licence issued.
2/3 of shares owned by top 20 holders.
Access to 3 ports etc makes it easy to move bauxite overseas.
Shipping rates overseas have decreased markedly.
Have 2 parties interested in the bauxite. One is Shandong which is a govt organisation of China.
From memory 2 of the directors hold about 35 million shares.
The 6 month low for this stock is 9.5cents which was a mere blip on the graph. ie went down and jumped straight back up to around 18/19cents.
Since I've been watching and bought the sell volumes on offer have been very low.
Volume wise there is usually 2 to 3 times as much volume buy as volume sell.
imo these last 2 facts mean if demand picks up then price has potential to jump.
What I don't understand is with all of the above why isn't the demand a lot higher?
I'd be interested in what other people think about my research, what things I've missed (good and bad) that have a bearing on the share price and how you see the price being affected in the next 6 months.
I look forward to your input.
I did own this once. Still on my watchlist, still interested. Hold very very prospective land. Already drilled up by Lang Hancock in the 70's and others. Plenty of bauxite there...just not up with the jorc code. I watch with patience.
Lucky_Country
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MAIDEN 18.2Mt INFERRED BAUXITE RESOURCE DEFINED
AT NORTH DARLING RANGE PROJECT, WA
∗
JORC‐compliant Inferred Resource of 18.2 million tonnes at 43.1% Total Al2O3, 31.6% Available Al2O3 and 3.2% Reactive SiO2
∗
Preliminary results of Mineralogical Characterisation work from the “Bindoon Region” confirm favourable metallurgy of bauxite mineralisation being gibbsitic with low Reactive SiO2
∗
Exploration in the “Bindoon Region” is to target new areas of bauxite mineralisation and increase the confidence level of the resource category.
Bauxite Resources Ltd (“BRL”) (ASX: BAU) today announces that an assessment of BRL’s Bindoon and Avon granted and pending exploration licences in the Darling Range, Western Australia hosts a JORC‐Compliant Inferred Resource of 18.2 million tonnes at 43.1% Total Al2O3, 31.6% Available Al2O3 and 3.2% Reactive SiO2 (Table 1).
The maiden resource has been estimated by Ravensgate Mineral Industry Consultants and represents a major step forward for the company in achieving its Stage 1 objective of exporting Direct Shipping Ore (DSO) bauxite at an initial rate of 1 million tonnes per annum (Mtpa) in 2009, increasing to 3Mtpa in 2010.
The bauxite mineralisation present in the Bindoon (E70/3064) and Avon (E70/3003, E70/3159, E70/3433) regions, situated in its North Darling Range Project area, consist of gibbsitic bauxite laterites that were drill tested by CSR Ltd / Pacminex Pty Ltd (Pacminex) in the 1960s/1970s. Pacminex’s drilling targeted two areas, firstly in Bindoon and secondly in Avon. Bauxite mineralisation has been identified within three drill grid patterns at 100m x 100m drill spacing, 200m x 200m and 300m x 300m drill spacing. The reported maiden Inferred Resource represents mineralised material confined within the 100m x 100m grid spacing.
Initial results from Mineralogical Characterisation studies on representative samples from the Bindoon region confirmed that mineralisation present is premium bauxite, being gibbsitic in nature with low reactive silica. This type of bauxite is suitable for digestion in a conventional Bayer Refinery at low temperature and low pressures with low caustic soda consumption.
BRL will target future exploration, testing for bauxite mineralisation continuity in areas with
AT NORTH DARLING RANGE PROJECT, WA
∗
JORC‐compliant Inferred Resource of 18.2 million tonnes at 43.1% Total Al2O3, 31.6% Available Al2O3 and 3.2% Reactive SiO2
∗
Preliminary results of Mineralogical Characterisation work from the “Bindoon Region” confirm favourable metallurgy of bauxite mineralisation being gibbsitic with low Reactive SiO2
∗
Exploration in the “Bindoon Region” is to target new areas of bauxite mineralisation and increase the confidence level of the resource category.
Bauxite Resources Ltd (“BRL”) (ASX: BAU) today announces that an assessment of BRL’s Bindoon and Avon granted and pending exploration licences in the Darling Range, Western Australia hosts a JORC‐Compliant Inferred Resource of 18.2 million tonnes at 43.1% Total Al2O3, 31.6% Available Al2O3 and 3.2% Reactive SiO2 (Table 1).
The maiden resource has been estimated by Ravensgate Mineral Industry Consultants and represents a major step forward for the company in achieving its Stage 1 objective of exporting Direct Shipping Ore (DSO) bauxite at an initial rate of 1 million tonnes per annum (Mtpa) in 2009, increasing to 3Mtpa in 2010.
The bauxite mineralisation present in the Bindoon (E70/3064) and Avon (E70/3003, E70/3159, E70/3433) regions, situated in its North Darling Range Project area, consist of gibbsitic bauxite laterites that were drill tested by CSR Ltd / Pacminex Pty Ltd (Pacminex) in the 1960s/1970s. Pacminex’s drilling targeted two areas, firstly in Bindoon and secondly in Avon. Bauxite mineralisation has been identified within three drill grid patterns at 100m x 100m drill spacing, 200m x 200m and 300m x 300m drill spacing. The reported maiden Inferred Resource represents mineralised material confined within the 100m x 100m grid spacing.
Initial results from Mineralogical Characterisation studies on representative samples from the Bindoon region confirmed that mineralisation present is premium bauxite, being gibbsitic in nature with low reactive silica. This type of bauxite is suitable for digestion in a conventional Bayer Refinery at low temperature and low pressures with low caustic soda consumption.
BRL will target future exploration, testing for bauxite mineralisation continuity in areas with
Lucky_Country
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The bit I like about BAUs last report was the 1 million tonne production in 2009 !
Looks like they are ticking all the right boxes have made Chinese connections and look like they definately know what they are doing.
6 months ago the shareprice would have been over $1 on the news they have released lately.
These days will return soon imo.
Looks like they are ticking all the right boxes have made Chinese connections and look like they definately know what they are doing.
6 months ago the shareprice would have been over $1 on the news they have released lately.
These days will return soon imo.
This is great. It costs so much in energy if high temps are required. Low temp, low cost. Highly sought after imo.
Don't hold at present. On my watchlist though.
Lucky_Country
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Well Grace dont make the same mistake as I have and leave it on the watchlist for too long.
The Chinese are very keen on BAU bauxite and want a part of the project and the company.
The Chinese are very keen on BAU bauxite and want a part of the project and the company.
I traded it on the up leg on the chart. Didn't make much, but better than a loss.
Options expire 31/1/09, at a 20cents conversion. Directors have been converting. I'm sure management would have been hoping the certified reserves would have given the sp a boost so the options were well in the money by the end of the month. Instead, not even a reaction! Seems more than a little unfair. I recall this is very tightly held....
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