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AUM - Australian Mining Investments

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1) Anyone holding shares in Aum should lidten to the ABC's News Radio report just on. Aum are going it alone, it's the biggest thing since sliced bread and they hope to relist tomorrow into a " frenzy" according to the reporter who was at the meeting today and then visited the site.

2) Just heard ABC TV Reporter on ABC News Radio - very very positive report.

On ABC TV news at 7.00 tonight.

Mention of shares trading tomorrow and a possible 'buying frenzy'. 'Find of the Century'. Unquote

3) Just wondering who are some of the lucky holders on HC who stand to make or have made a fortune out of this. Don't be shy.

Half your luck you lucky pr#cks.....lol. Well done.


None of this is from me....just copied from HC - make of it what you will ......
-------------------------

has anyone actually watched/listened the news?
 
Hi Sangshim,

Do you know if that news/report available on the net at all?? I've tried searching for it from ABC.net.au, but cant seem to find anything about it...I hope the news is true.....hihihih :D

JT
 
But I'm not that keen to discuss valuations in the forum.



Why not? Everyone else is keen to discuss the potential for a bigger mug to buy their shares at $25+!

Anyway, without the breakdown of respective Copper, Gold and Cobalt it is impossible. Normally these are split and not combined in Cu equivalent announcements. Let alone a bankable feasibility, EPC, mine plan etc.

NPV is the way do value the company - so let's have a swing

A 15% discount would be the minimum.

Most analysts would then apply a discount to the prospective NPV to account for the risk ($1m in bank and a few holes)

You would use a $1.20 copper price (most long term estimates are around this level) and a cost per pound based on similar graded open cut mines.

Dilution based on estimates and a level of debt estimate.

Lets assume 200,000 tn of Cu for 10 years from 2014 - 2024.

That is mining the often touted $20bn worth of in-situ resource in very quick time.

For a very rough example, if you used a $500mAUD estimate of debt, an assumption of 200m shares on issue, $0.75AUDUSD and $0.50 lb costs (very low) the NPV at 15% discount per share is $1.01.

But in Wayne's World - I am a d!ckhead


NOTE
I hope Wayne's deposit is true and gets bigger. I just wouldnt pay more than $1.00 for a share.
 
jovialTrader said:
Hi Sangshim,

Do you know if that news/report available on the net at all?? I've tried searching for it from ABC.net.au, but cant seem to find anything about it...I hope the news is true.....hihihih :D

JT
Click to expand...

I've searched abc.net.au and couldn't find it. And ppl talk about the Sky news so I've went to living room and searched for the sky news business headline but couldn't find any neither....

Wish it's not just another speculation.
 
Hi All,

This is what I've found....Uncle Wayne is going to the Police tomorrow....

AMI cries foul over meeting infiltrators
Wednesday Jul 12 21:27 AEST

The boss of a junior resources explorer is considering going to police after accusing two men of infiltrating his company's shareholder meeting in Cloncurry, northwest Queensland.

Australian Mining Investments Ltd chairman Wayne McCrae said two men claimed they were shareholders, but subsequent checks of the share register revealed they were not.

After the formal part of the meeting, about 60 shareholders were taken by bus to the site of the company's Rocklands copper project, where one of the men allegedly took photos and global positioning system (GPS) readings.

Mr McCrae said he believed the infiltrators were from rival companies trying to find out commercially sensitive information.

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"I'll be talking to the police tomorrow," Mr McCrae said.


JT
 
BSD said:
NPV is the way do value the company - so let's have a swing

...
the NPV at 15% discount per share is $1.01.
Click to expand...

Taking your parameters it took me a while to realise why I was out by an order of magnitude from your figures, until I remembered to put the time till development into it. (still didn't quite get there, got 1.37 for some reason :confused: lol I'll blame beer :) ) - maybe I mucked up the exchange rate.

Wonder if there would be any technical feasability (forgetting commercial for the moment) in using xstrata's EH infrastructure to expedite development.
 
Good Evening.

For what its worth... dont read much into it as it was a frenzied chat and a lot of the info is admittedly second hand to some extent.

I spoke to someone who was in Cloncurry on site where the AGM meeting was held earlier today (non AMI related person). They were extremely rushed and couldnt talk due to other obligations but they mentioned that all the stuff going on lately is good for business and the area. "Its all good".

Cant tell you much more except I'm going to run a bit of a punt on a few of the local other 30c stocks, reason being the share price is way lower and its a bit of a lesser risk to spend on them and hope for the increase than take a bashing on AUM if it happens.

On another note, I spoke to a mate who has a private HSBC client broker, the broker said that there is another company which borders AUM and a fence separates the 2 companies. The other company (Whatever it is) has been drilling in the area for years and hasnt found anything. So he thinks AUM is going to be a flop.

As I dont know who it is or where the drills are in then cant help anything further.

Fascinating stuff though. This will be one for this history books.
The time of speculation in minor mining stocks....
 
lukentel said:
Good Evening.

For what its worth... dont read much into it as it was a frenzied chat and a lot of the info is admittedly second hand to some extent.

I spoke to someone who was in Cloncurry on site where the AGM meeting was held earlier today (non AMI related person). They were extremely rushed and couldnt talk due to other obligations but they mentioned that all the stuff going on lately is good for business and the area. "Its all good".

Cant tell you much more except I'm going to run a bit of a punt on a few of the local other 30c stocks, reason being the share price is way lower and its a bit of a lesser risk to spend on them and hope for the increase than take a bashing on AUM if it happens.

On another note, I spoke to a mate who has a private HSBC client broker, the broker said that there is another company which borders AUM and a fence separates the 2 companies. The other company (Whatever it is) has been drilling in the area for years and hasnt found anything. So he thinks AUM is going to be a flop.

As I dont know who it is or where the drills are in then cant help anything further.

Fascinating stuff though. This will be one for this history books.
The time of speculation in minor mining stocks....
Click to expand...


EXS perhaps.
 
also interesting in the name change.

CuDeco.

Cu - copper
Deco - de-co...the co? or is it latin with the dec meaning ten...

Either way I'm liking things if it means the copper company or copper x 10fold.
 
lukentel said:
also interesting in the name change.

CuDeco.

Cu - copper
Deco - de-co...the co? or is it latin with the dec meaning ten...

Either way I'm liking things if it means the copper company or copper x 10fold.
Click to expand...

What affect, if any, will the name change have on existing shares/ company structure?
 
BSD - a couple of other comments - by having 200m shares but also incorporating 500m debt into the npv calculation isn't that sort of double counting the debt? Also been thinking that only an additional 100m shares is probably optimistic for raising that amount of cap, maybe 200m a bit more realistic. Maybe an either/or for the NPV calc - either 120m shares and 500m debt, or no debt and 300m shares. Also obviously taking a year or two off the time to development makes a big difference as well. But the again if prod costs go up only a little, and also recovery rates are a factor they'd all have an influence as well. The range of valuations could get quite wide depending on how the various params are tweaked.

But its an interesting exercise and will be interesting to see where the share price itself actually settles over the next few weeks.
 
Whatever the result of this speculation is... the ASIC and ASX didn't do their job properly. I really want to throw a stone or two at ASIC and ASX!

Why did they just watch all this for one and a half month and goes for the trading halt/suspension and investigation all of sudden? Were they on a holiday or something? If it's a kind of matter needs to be on tading suspension over one week, why didn't they react on it in a earlier stage?

:banghead:

Sick of waiting...
 
from watching the ABC news yesterday, I`ll I got is that maybe someone is playing fast and loose with the truth.I wish all who own these shares the very best of luck,but something isnt right.

By the way what kind of information could the* informers* get hold of anyway,shouldn`t all the information that the shareholders were getting have been available to all anyway.Thats I presume is the deal with continual disclosure.Anyway good luck to all and hope that I`m wrong :2twocents
 
On a speculative stance, who would stick out their necks and give a price at which AUM will trade @ ,once suspension is lifted.....$8.00???? or ++++++????... The spin doctors are spinning their yarn on this one.....The Poseidon factor!
 
visual said:
from watching the ABC news yesterday, I`ll I got is that maybe someone is playing fast and loose with the truth.I wish all who own these shares the very best of luck,but something isnt right.

By the way what kind of information could the* informers* get hold of anyway,shouldn`t all the information that the shareholders were getting have been available to all anyway.Thats I presume is the deal with continual disclosure.Anyway good luck to all and hope that I`m wrong :2twocents
Click to expand...
Watched the 7pm ABC News with interest last night. My understanding from watching is that they have had a minor problem in one area with their drilling as they've hit pure copper. If I've got this right, then this may well be a very exciting discovery. I'm hoping for another Poseidon boom. But when is AUM going to relist???
 
lukentel said:
also interesting in the name change.

CuDeco.

Cu - copper
Deco - de-co...the co? or is it latin with the dec meaning ten...

Either way I'm liking things if it means the copper company or copper x 10fold.
Click to expand...

I can't find the cite for it now but I read somewhere from a company comment it is.

CU find of the DEcade with CObalt.
regards
John
 
Snippit from ABC news article today:
http://www.abc.net.au/news/newsitems/200607/s1685442.htm

Director Wayne McCrae says he has kept shareholders well informed and is putting their interests first.

"The only thing I'm interested in doing right now is drilling it up as quickly as we can, before a major mining house makes a bid for us, which may happen and it may not, but to get the best value we can for shareholders," he said.

Mr McCrae says the company has been put under the microscope.

"We've addressed all their concerns, I've been doing this for 30 years and I've addressed all their concerns all the time," he said.

"I guess one person looks at it one way and one looks at it another.

"But as long as the shareholders are happy, as long as the ASX is happy and ASIC are happy, I think everyone is happy."

Mr McCrae says he hopes the company's shares will resume trading today after being suspended.
 
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