ASQ - Australian Silica Quartz Group
- Thread starter Lucky_Country
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Reaction to this stock is a puzzle to me. I bought in at 20c within the last year. Have made the odd post as was gung ho about BAUs prospects. Didn't get much reaction which was a little disappointing as was seeking input to see if there was something that I'd missed that may be detrimental. That's why I like these forums. It's good to see what you've missed, as lets face it, research does take a lot of time. So, all I can put the lack of interest down to is that there was a lot of other bargains out there to be had. But that's ok, as the current 78c price tells me all I need to know.
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After reading your posts and doing a little reading, Kam_star & ptony, I bought a small parcel and glad I did. Would have liked to buy more but my resources are low. You are not alone on the BAU train. The potential looks pretty good to my highly untrained eye.
Hello.
I'm calling on the collective experience of this forum to hopefully let me do what I want to do.
I have BAU shares that have gone from 20c to $1 and would like to access the equity through a margin loan.(I don't want to sell them for quite a while)
Problem is that the margin lenders I've checked out don't accept BAU. Does anyone know of a margin lender that might?
Looking forward to your vast oceans of wisdom.
Tony
I'm calling on the collective experience of this forum to hopefully let me do what I want to do.
I have BAU shares that have gone from 20c to $1 and would like to access the equity through a margin loan.(I don't want to sell them for quite a while)
Problem is that the margin lenders I've checked out don't accept BAU. Does anyone know of a margin lender that might?
Looking forward to your vast oceans of wisdom.
Tony
SOrry Tony but I think you'll find that no margin lender will give you a margin on BAU at this stage. Maybe if they get production and cash flow happening? Could be wrong though, have been before
Excellent shining report on BAU and a spec BUY rating
http://www.theaustralian.news.com.au/business/story/0,28124,26091905-5001942,00.html
Darling aluminium player has shining prospects
Print SMALL-CAP SPOTLIGHT: www.wise-owl.com | September 23, 2009
Article from: The Australian
Company: Bauxite Resources (BAU)
Share price: $1.16
Market cap: $150 million
Recommendation: Speculative buy
ALUMINIUM prices are in the halfway house. Now fetching US82c (94c) a pound, they've rallied 50 per cent from their lows but remain about half the record levels achieved during in the middle of last year.
Aluminium's fortunes are closely followed by the alumina refiners and bauxite miners in Western Australia's Darling Range. Bauxite is the mineral form of aluminium, from which alumina is extracted and converted to the end-product metal.
The Darling Range is acknowledged as the largest producing alumina region, accounting for about 18 per cent of global production, and hosts Alcoa's Huntly bauxite mine, the world's largest.
From an acreage perspective, the place these aluminium all-stars call home is dominated by a relative industry minnow, according to Wise-owl analyst Tim Morris. "Bauxite Resources is the Darling Range's largest tenement holder. With acreage spanning 15,000sq km, its landholdings exceed that of Alcoa and BHP combined."
On the company's established 18 million tonne bauxite resource, Morris says, "there remains enormous potential; however, management (has its) sights set on near-term production".
The company is ready to produce direct shipping ore, which requires minimal processing.
"Trial mining has commenced and ore samples have been sent for assessment by international customers. Pending customer approval, production is set to ramp up to one million tonnes (a year) during 2010, and eventually towards three (million tonnes a year)," Morris says.
Demand appears strong. Shandong Provincial Bureau of Geology and Mineral Resources, a government agency in China, recently subscribed for a 13 per cent stake in the company.
On Friday Bauxite Resources announced a $57 million share placement, the proceeds to be used in improvements to infrastructure which will drive down costs and increase potential shipping tonnages.
Longer term, the company is reviewing opportunities for the development of an alumina refinery and possible smelter. Morris says the Darling Range already hosts three of the lowest cost alumina refineries in the world.
He says the company is well placed to benefit from any further recovery in aluminium demand.
"Having started a mining campaign during the worst possible market conditions, and still being able to secure a strategic Chinese backer at a share price premium, is a testament to the quality of its projects and management," he says.
http://www.theaustralian.news.com.au/business/story/0,28124,26091905-5001942,00.html
Darling aluminium player has shining prospects
Print SMALL-CAP SPOTLIGHT: www.wise-owl.com | September 23, 2009
Article from: The Australian
Company: Bauxite Resources (BAU)
Share price: $1.16
Market cap: $150 million
Recommendation: Speculative buy
ALUMINIUM prices are in the halfway house. Now fetching US82c (94c) a pound, they've rallied 50 per cent from their lows but remain about half the record levels achieved during in the middle of last year.
Aluminium's fortunes are closely followed by the alumina refiners and bauxite miners in Western Australia's Darling Range. Bauxite is the mineral form of aluminium, from which alumina is extracted and converted to the end-product metal.
The Darling Range is acknowledged as the largest producing alumina region, accounting for about 18 per cent of global production, and hosts Alcoa's Huntly bauxite mine, the world's largest.
From an acreage perspective, the place these aluminium all-stars call home is dominated by a relative industry minnow, according to Wise-owl analyst Tim Morris. "Bauxite Resources is the Darling Range's largest tenement holder. With acreage spanning 15,000sq km, its landholdings exceed that of Alcoa and BHP combined."
On the company's established 18 million tonne bauxite resource, Morris says, "there remains enormous potential; however, management (has its) sights set on near-term production".
The company is ready to produce direct shipping ore, which requires minimal processing.
"Trial mining has commenced and ore samples have been sent for assessment by international customers. Pending customer approval, production is set to ramp up to one million tonnes (a year) during 2010, and eventually towards three (million tonnes a year)," Morris says.
Demand appears strong. Shandong Provincial Bureau of Geology and Mineral Resources, a government agency in China, recently subscribed for a 13 per cent stake in the company.
On Friday Bauxite Resources announced a $57 million share placement, the proceeds to be used in improvements to infrastructure which will drive down costs and increase potential shipping tonnages.
Longer term, the company is reviewing opportunities for the development of an alumina refinery and possible smelter. Morris says the Darling Range already hosts three of the lowest cost alumina refineries in the world.
He says the company is well placed to benefit from any further recovery in aluminium demand.
"Having started a mining campaign during the worst possible market conditions, and still being able to secure a strategic Chinese backer at a share price premium, is a testament to the quality of its projects and management," he says.
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It is amazing that there are only a few but very happy correspondents to this thread. Thanks for the great information - this is one happy punter. With the "speculative buy reco I guess it can only get better.
Michael Dempsey
Show Me The Money!!
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Hi Tony,
If the stock you want to buy on margin is a margin lenders list, then you might find you will have to sell your BAU, then buy the other stock and lodge that as security and buy back your BAU. That will trigger a capital gain though so keep that in mind.
If the stock you want to buy is not on any margin lenders lists, then the other option is to tap any equity you have in any real estate you own.
GENERAL ADVICE ONLY. This information has been provided as general advice only and I have not taken your personal financial needs, objectives or goals into consideration. You must seek advice from a licensed financial adviser prior to acting or making an investment decision.
Knobby22
Mmmmmm 2nd breakfast
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Yes, I am very happy and winning the monthly comp
.I know someone who invested an awaful lot in this company and will never have money problems again.
Also, I have seen a PV report valuing the company north of $5 in 4 years. We shall see.
Yes, I am very happy and winning the monthly comp
I know someone who invested an awaful lot in this company and will never have money problems again.
Also, I have seen a PV report valuing the company north of $5 in 4 years. We shall see.
With the massive resource potential that BRL have there is no wonder why. I would agree that $5 and upwards would be easy and cheap once refinery is up and running. Massive company in the making here and just try to absorb that they have a land holding of greater the BHP and Alcoa PUT TOGETHER. Now just imagine what they have in the ground and you will be gob smacked!!!!!
Knobby22
Mmmmmm 2nd breakfast
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In the end though, Bauxite is relatively plentiful.
The point is the grade, the simplicity of the operation and the access to ports. I just hope management keep their eyes on the ball and don't diversify too much.
Not in china it isn't. Bauxite resources has been forecast to run out in under 10 Years so china is looking at securing its Bauxite before it runs out and BRL is well placed to benefit from china's hunger. Not to mention what they might find in there massive land holdings since SDGM is drilling for everything other then bauxite which BRL has a stake in. This could be the next BHP not FMG.
Yes, I am very happy and winning the monthly comp
I know someone who invested an awaful lot in this company and will never have money problems again.
Also, I have seen a PV report valuing the company north of $5 in 4 years. We shall see.
$5 in 4 years is conservative, if management is gonna walk the talk, i say $3 by the end of this year. Project pipeline looks do-able, not totally impossible.
Mini FMG in the making, only difference is that its in bauxite!
Yes, I am very happy and winning the monthly comp
I know someone who invested an awaful lot in this company and will never have money problems again.
Also, I have seen a PV report valuing the company north of $5 in 4 years. We shall see.
Hi Knobby22. Do you have a reference for the PV report valuing BAU? Interested in BAU - haven't seen any independent commentary on valuation.
thanks
Hi Ilsupremo,
Well Wise Owl recommended this stock as a buy and stated that it has MASSIVE upside when it was trading at $1.17 so you could say its certainly worth northwards of this price and many people have been stating that it will be $2 and upwards by year end.
Thanks Kam_star. It certainly seems to have that kind of momentum. When was the Wise Owl recommendation? Do you have a copy? I cannot see it on the website. Still keen to hear more about the VP report Nobby 22 referred to.
thanks
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