AUZ - Australian Mines
- Thread starter el_ninj0
- Start date
-
- Tags
- australian mines auz
Very true mate....so many explorers are actually trading at a better rate than AUZ who is a producer....the only thing people are concerned about this company is that people think they are very high cost producers & with Ni rates going down their profit margins were squeezed....now if the Ni price start going up, the interest in this company will return for sure...
- Joined
- 15 January 2008
- Posts
- 691
- Reactions
- 1
They have announced that they will be fast tracking the Duplex Hill South Gold Project, though are still looking for someone to treat the ore and someone to mine it.
Most likely the announcement was as a sweetener before the quarterly was released that showed that they lost $1.15M last quarter, have $1.09M in cash, a debt facility to service of $938k with a operating cash cost of $A13.72/lb, total cost with capital dev of $A16.38/lb and receiving after adjustments $A15.22/lb for the ore they produce.
If they stop or slow capital development they can stem the flow though there wont be much money available for exploration and I wouldn't be surprised if they need to rattle the tin some time soon.
my
Most likely the announcement was as a sweetener before the quarterly was released that showed that they lost $1.15M last quarter, have $1.09M in cash, a debt facility to service of $938k with a operating cash cost of $A13.72/lb, total cost with capital dev of $A16.38/lb and receiving after adjustments $A15.22/lb for the ore they produce.
If they stop or slow capital development they can stem the flow though there wont be much money available for exploration and I wouldn't be surprised if they need to rattle the tin some time soon.
my
- Joined
- 4 March 2008
- Posts
- 42
- Reactions
- 0
Given the recent increase in nickel prices, anyone have any idea whether we may see the AUZ SP rise as well?
That should help as well. Released today
Best performance achieved since June 2005 Quarter
Australian Mines (ASX: AUZ) has achieved its best quarterly production result since
the June 2005 quarter at the 100%-owned Blair Mine, located 32 kms from
Kalgoorlie in W.A.
Production for the March 2008 Quarter totalled 15,008 tonnes @ 2.84% for 426
contained Ni tonnes.
Commenting on the result, Chief Operating Officer Brett Young said, “The March
2008 Quarter is the third most productive from Blair since Australian Mines acquired
the project in 2003, and the most productive since the June 2005 Quarter.
“With all our production being unhedged, we anticipate strong cash flows whilst Blair
continues to perform.”
“With the increasing number of high grade stopes now in production the company is
expecting production levels to be consistently at or above these levels as the Blair
Deeps decline provides access to deeper ore,” Mr Young added.
The June 2008 Quarter
Best performance achieved since June 2005 Quarter
Australian Mines (ASX: AUZ) has achieved its best quarterly production result since
the June 2005 quarter at the 100%-owned Blair Mine, located 32 kms from
Kalgoorlie in W.A.
Production for the March 2008 Quarter totalled 15,008 tonnes @ 2.84% for 426
contained Ni tonnes.
Commenting on the result, Chief Operating Officer Brett Young said, “The March
2008 Quarter is the third most productive from Blair since Australian Mines acquired
the project in 2003, and the most productive since the June 2005 Quarter.
“With all our production being unhedged, we anticipate strong cash flows whilst Blair
continues to perform.”
“With the increasing number of high grade stopes now in production the company is
expecting production levels to be consistently at or above these levels as the Blair
Deeps decline provides access to deeper ore,” Mr Young added.
The June 2008 Quarter
- Joined
- 4 March 2008
- Posts
- 42
- Reactions
- 0
Have to agree with you laurie..... the best news in the world isn't good enough to boost the AUZ SP up and keep it up!
Yep agree Kelpie its the keeping up and moving forward bit that's has me baffled may have to dump if it ever leaves it's comfort zone
cheers laurie
- Joined
- 14 January 2007
- Posts
- 10
- Reactions
- 0
Has anyone heard any news from AUZ about their asset sale program or when they are likely to resume trading?
UMike
Klutzing in Thai
- Joined
- 16 January 2007
- Posts
- 1,452
- Reactions
- 1,791
Ahhhh Welll. They are back.
At .2 of a cent.
A 90% discount to last year
This from their lastest ann
At .2 of a cent.
A 90% discount to last year
This from their lastest ann
I'm thinking of getting into these, as a speculative long term thing, is there much chance of them getting anywhere near where they were, will it depend heavily on nickel price or will their gold exploration get things back up?
My first post, please go gently on me!
My first post, please go gently on me!
lol 0.001 cents and 1 billion units at 0.002
double ur money with any price sensitive announcement haha.
does this company look like its on the verge of busting? why is the price so cheap
Even if u wanted to invest in it. Goodluck trying to get in at 0.1 cent.
Surprisingly though, alot of the trades today were at 0.2 cents, so alot of ppl cant be bothered waiting
double ur money with any price sensitive announcement haha.
does this company look like its on the verge of busting? why is the price so cheap
Even if u wanted to invest in it. Goodluck trying to get in at 0.1 cent.
Surprisingly though, alot of the trades today were at 0.2 cents, so alot of ppl cant be bothered waiting
