AZR - Aztec Resources

[el_ninj0]

Re: AZR Aztec Resources- Little guy going Up?

Looks like positive news to me on the AZR front. $583 million worth of ore shipments in the 9 year life time of the koolan island project, and they are a go for the operation, with shipping to start in 2nd half 2006. Its good to finally see some positive news again about this company. So much for your 1cps RichKid,

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

Looks like positive news to me on the AZR front. $583 million worth of ore shipments in the 9 year life time of the koolan island project, and they are a go for the operation, with shipping to start in 2nd half 2006. Its good to finally see some positive news again about this company. So much for your 1cps RichKid,

Yep, sure is above 1c atm. Still following my last chart (post #305). Today's bar isn't the most inspiring. I like Doc's observations. Do you hold el ninj0? You don't have to answer, must wondering.

 

[el_ninj0]

Re: AZR Aztec Resources- Little guy going Up?

Yer i do hold RichKid, only a small amount though. Would have been a nice day trade today if i wasn't otherwise occupied.

 

[doctorj]

Re: AZR Aztec Resources- Little guy going Up?

Don't get me wrong, the BFS does not look negative at all. Costs could easily have come in considerably higher.

Anyone had the opportunity to pull it apart in any detail yet?

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

Don't get me wrong, the BFS does not look negative at all. Costs could easily have come in considerably higher.

Anyone had the opportunity to pull it apart in any detail yet?

Sorry Doc, I'm pretty bad at that type of thing and I don't know how much to trust them either as they could easily revise the figures or data. Just chart watching atm.

 

[doctorj]

Re: AZR Aztec Resources- Little guy going Up?

Seems dead in the water at the moment, volume has fallen away completely and trading just under 18c. Needs to put some runs on the board in terms of meeting project goals and restoring faith that the project is actually profitable.

 

[el_ninj0]

Re: AZR Aztec Resources- Little guy going Up?

Seems dead in the water at the moment, volume has fallen away completely and trading just under 18c. Needs to put some runs on the board in terms of meeting project goals and restoring faith that the project is actually profitable.

Its interesting to see whats happening at the moment anyway. I thought there would have been alot more of a positive result from the BSF, considering that its a confirmed go ahead on operations. What is the date of the first shipments of iron ore from koolan?

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

Its interesting to see whats happening at the moment anyway. I thought there would have been alot more of a positive result from the BSF, considering that its a confirmed go ahead on operations. What is the date of the first shipments of iron ore from koolan?

Not sure but they have a lot to do before that, also worried as BDB has it on its blacklist and as we found out they do delay things. Maybe it'll jump up in the next round of excitement about iron ore. Nothing attractive about the chart atm, still languishing below resistance.

 

[chansw]

Re: AZR Aztec Resources- Little guy going Up?

Anyone knows why it moved up 11% today? Can't find any announcement. Thanks.

 

[doctorj]

Re: AZR Aztec Resources- Little guy going Up?

I noticed it too and have no idea why.

I'd expect a significant shareholder notice in the coming days.

 

[doctorj]

Re: AZR Aztec Resources- Little guy going Up?

Well, Brett Matich has left. I'm sure blackdogsbarking will be happy - assuming he hasn't diverted all his attention SHN and not noticed.

 

[el_ninj0]

Re: AZR Aztec Resources- Little guy going Up?

Indeed, this could be the start of a turn around for AZR. Lets hope bdb gives it some thought, . I thought there would have been alot more action when the BFS for Koolan came out, since it was a positive announcement. Hopefully it picks up now.

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

Folks out there still watching this? Any news? It's back to the high teens again and seems okay for now. No real entry trigger for me yet.

 

[johnno261]

Re: AZR Aztec Resources- Little guy going Up?

Folks out there still watching this? Any news? It's back to the high teens again and seems okay for now. No real entry trigger for me yet.

Perusing @ Chart on AZR doesn't look too flash. May bottom out around 16 cents support level.

 

[yogi-in-oz]

Re: AZR Aztec Resources- Little guy going Up?



Hi folks,

AZR ..... technically, we can see 3 significant
time cycles, around 27-31012006 .....

..... looks positive .....???

happy days

yogi

 

[chansw]

The share price is moving up today and I found an article "Big names want cut of Koolan" on afr.com. Unfortunately, I am not a subscriber of AFR. Can anyone who read that article and give us some ideas what it is talking about, please? Thanks.

 

[yogi-in-oz]

Hi folks,

AZR ..... almost primed again .....

Looking at time cycles, ahead:

16032006 ..... significant and positive = low???
- finance-related???

30032006 ..... negative spotlight on AZR

14-17042006 ..... minor

21-24042006 ..... significant and negative news???

01052006 ..... minor and negative ???

10052006 ..... minor

12052006 ..... significant and negative (finances???)

24052006 ..... significant and positive news???

31052006 ..... positive spotlight on AZR ???

happy days

yogi

 

[yogi-in-oz]

Hi folks,

AZR ..... as per post above:

"16032006 ..... significant and positive = low???
- finance-related???"

..... and right on time, this news arrives
from AZR .....

"16th Update - Sales Contract Negotiations"

..... so much for the skeptix.

happy days

yogi

 

[RichKid]

An article on AZR in today's Sydney Morning Herald:

Aztec flags cost overrun at Koolan mine
April 24, 2006 - 1:54PM
http://www.smh.com.au/news/Business...-at-Koolan-mine/2006/04/24/1145730850042.html

Aspiring iron ore miner Aztec Resources says the cost of developing its mine in north-west Western Australia has increased by nearly 10 per cent and has also flagged a potential delay.

At a signing ceremony with native claimants at the historic mine site, about 100 kilometres north of Derby, chairman Ian Burston said there was a possibility the mine would not meet its first production target in December.

"If our luck holds we will be comfortable but failing that it could run into the New Year but I think January or February at the latest," Mr Burston said.

"There is a few wobbly knees about that but that is our intention and we will be doing the best we can to meet this."

He also said that product had overrun cost estimates of $108 million by nine million dollars due to rising material costs.

"We are pretty comfortable with it all," he said.

"We are still financing certain negotiations on financial packages."

Koolan Island was previously mined by BHP Billiton with Aztec picking up the project in 2000.

The deposit is one of Australia's highest grade deposits containing 67 per cent of iron ore compared to the 63.2 per cent at BHP Billiton's Mt Newman mine and the 63.1 per cent at Rio Tinto's Hammersley mine.

The high quality of the iron ore means it is in strong demand and Aztec has already signed deals with four Chinese and Japanese steel mills for all the iron ore after being approached by 46 buyers.

"We are at the stage where we have had a number of buyers on the island and we are discussing the type of material we will provide them with for metallurgical testing and that won't happen until maybe the end of April, maybe the end of May," Mr Burston said.

"On the assumption that that is satisfactory to the steel makers the total production for the life of the mine is already sold."

He is also waiting on the outcome of the current round of negotiations between iron ore producers and steel mills to set the benchmark price for the Japanese financial year which started this month.

Last year steel mills were forced to accept a 71.5 per cent price hike and this year another smaller increase of between 10 and 15 per cent is tipped.

"I reckon between 10 or 12 (per cent) is most likely," he said.

The Perth based company still has to finalise the financing of the project, which is considerably lower than many other iron ore projects planned in Western Australia.

"The money is there to build the project we just need to do a little bit about ensuring we have working capital," he said.

As the deposit is located on an island the development sidesteps the need for constructing an expensive railway line and only needs to build a jetty which is due to start this week.

 

[Sumthinggg]

Hi all,
Just was wondering if any of you's could shed some light on this company regarding the takeover bid by MGX (Mount Gibson), is this a good thing or not in your views? Do you think it will go ahead?
Thanks