Australian (ASX) Stock Market Forum

ASQ - Australian Silica Quartz Group

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Maybe they dont want the options to be excersied and then they can place them to their Chinese partners !

Im sure anyone who do convert their options will profit bigtime over time !

Must admit I was suprised in the lack of activity after the announcement but not are willing to part with cash in these times.

Come back in 6 months and then we will all be laughing.
 
Hello Lucky_Country. You've been watching this for a long time. I'd be interested to know what negatives you see in this stock.
Thanks. Tony
 
The biggest negative I see for BAU is just the general market sentiment.

6 months ago they were trading over 50c and with the recent set of announcements they should have been over $1 but the market is just not listening atm.

Im inclined to think China may use its powers to get the best deals for itself which could mean lower commodity prices until there supply of minerals is all but guaranteed.
 
Good point Lucky_Country. ie re China keeping prices down. I'd never thought of that idea. If I was in China's position then I'd do that and get on board as many mining ventures as possible. High metal prices would have been a killer for them in the last year or so.
I'm looking to stick with BAU for the long term though as reckon the payout will be worth it. And I work on the theory that the best time to buy is when no one else is interested. With top 20 owning re 65% when the change in sentiment comes then the share price will react very nicely. The reason I was querying other opinions was that with all of the positives I thought that there must have been something else keeping buyers away.
One of the things that I like about this forum is being able to have access to other people's research because lets face it, there's a lot of research to be done and not a lot of time. Thanks Lucky_Country.......Tony
 
BAU on a roll today up 38% at the momment seems like now the options have elapsed or been converted its got a licence to fly.

I think this is just the start as mining to commence mid FEB and low capex to get cashflow positive all is looking great to me.

Chinese offtakes and partners all the right boxes have been ticked and was once touted as the next FMG.
 
Just spoke BRL team who have informed me that they are currently entertaining delegation from china at the moment and that a annoucement will be out before the end of week. The Team at BRL are hard at work to get the DSO in operation and I hope that hard work pays off for all of us soon.
 
An announcement by the end of the week now thats what I like to hear !

Should be a welcome boost for the sp that has become very tightly held.
 
Yes its very tightly held and once news starts to flow and people jump on board you will find that this one will go quite high like it has in the past. I like the management and there links to the government which I wanting to see this go all the way to refinery
 
What does everyone think of the joint venture annoucement? Looks like they must be interested in something in the ground there. Potential of finding something big you think?
 
There has been reports of "Gold in them there hills" but its obvious that the main priority for BAU is the bauxite.

Suprised that the announcement was not followed by a report of mining has commenced maybe waiting for the quarterly !
 
Yes, really looking forward to a in depth update to see what there up to. I know they have been working hard in the background and alot happening over there so looking forward to the details.
 
I do like the new website its very informative.

I hope it marks a shift towards openess and announcements to get peoples attention again and regain some market mommentum.
 
Big jump today. Can't find any announcements to go hand in hand with rise. Wonder if it's a case of someone knows something before the rest of the population. Time will tell. Still holding though.
 
Can't find any announcements?

How about the proposed placement by Shandong No. 1 Institute of 19,700,000 shares at an issue price of 50c released 1st May?
 
Patience finally rewarded on this one. Up 6c or over 10% on Friday. Fundamentals have always been good imo but a lot of interest didn't seem to be happening as shown by volumes and share price. All in all, with trial mining/shipping just started and under 100 mill shares on issue, BAU may now get the attention it deserves. What I haven't been able to understand is the airplay given to some stocks that I wouldn't touch with a 40 foot pole when BAU has virtually received none. Each to their own I guess. Others have made comparisons saying there are similiarities to FMG in it's beginnings. I can't comment as haven't studied FMG but I do know where it went. Institutional buying would have contributed to FMGs rise. I can't see that that has happened with BAU yet. The latest announcements coupled with Friday's price rise will show up on the institutionals radar. I'd rather they dip their toes now but if they don't it will happen down the track imo.
I hold and will continue to hold for the long term.
 
Trading halt at the moment in anticipation for Alumina refinery joint venture. Looks like things are finally going to move much stronger now and will certainly be on the instos raider. Happy Days Guys
 
Comments on Wall Street online

"BAU is also less well known than it should be, but has a very large, easy to mine, profitable resource and a low market cap. Where it is superior IMO is that the potential is even greater.

Given the size and location of its tenements, BAU could easily end up with one of the largest resource holdings of its type in the world. All fantastically located in relation to infrastructure.

It has impressive partnerships already in place with Chinese entities. Clearly these groups would not be bothering to negotiate with a supplier that was not going to be able to supply in significant quantities, for a considerable period of time.

Where most juniors have to resort to cap raisings at low prices, in order to obtain sufficient cash for their development and exploration activities, BAU was able to receive nearly $10m at a placement value around 20% higher than its trading value at the time.

They have $16m in cash, with expenditure for this current qtr expected be under $1m.

BAU has an excellent chance, in the next couple of years, of having a low cost business operation and resource base valued in the billions. IMO.

With a current market cap of much less than $100m it is really poised for a sustained period of strong SP growth and that is without taking into account what should be its fantastic attactiveness, as a takeover target for the giants.

I'm looking forward to continuing good news and great returns, from a small cap that is already well enough established to not qualify as a speccie."
 
What I like about this company is that now the Chinese are in, it will be difficult for the directors to dilute us small guys, it seems to be free for all among the smallcaps and some larger companies at present.
 

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