This has the potential to go alot higher than the 3p I`ve just bought 300,000 I will give more info when out of meeting at 2. It is in partnership with some very big players and was hugely over subscribed.

I`ve put my money where my mouth is.......and my head on the block.

Gud luck today.

Material errors in the Independent Persons Report as filed with the Canadian regulatory authorities and withdrawal of its convertible debenture fundraising that was initially announced on 13 November 2007...

shows poor indecisive management resulting in disastrous drop in its sp. A$80 million in available cash is questionable.



AIM Resources Limited
31 December 2007

AIM RESOURCES LIMITED

31 December 2007

UPDATE ON TSX LISTING PROGRESS AND WITHDRAWAL OF CONVERTIBLE DEBENTURE OFFERING


AIM Resources Limited (the 'Company') (ASX:AIM) (AIM London:AIMR) wishes to
provide the following update on its proposed listing on the Toronto Stock Exchange ('TSX') and to advise the withdrawal of its convertible debenture fundraising that was initially announced on 13 November 2007 ('Offering').

In connection with its proposed TSX listing, the Company, on 6 December 2007,
filed with Canadian regulatory authorities a Canadian preliminary non-offering
prospectus ('Preliminary Non-Offering Prospectus') and associated documents,
including an Independent Qualified Persons Report on the Company's Perkoa Zinc
Project in Burkina Faso prepared in accordance with the Canadian Code for the
reporting of Resources and Reserves - National Instrument 43-101 ('Independent
Persons Report'). The Company is currently working through comments on the
Preliminary Non-Offering Prospectus received from the Ontario Securities Commission on 21 December 2007.

Regrettably, the Company has recently discovered material errors in the
Independent Persons Report as filed with the Canadian regulatory authorities.
The Company's management and Board are investigating the errors and conducting a detailed analysis of the Independent Persons Report's financial assumptions and projections, with a view to clarifying the report's financial integrity.

The Company has over A$80 million in available cash and is continuing the
development of the Perkoa Zinc Project. The Company is currently putting
together a strategy to extend the existing resource at Perkoa.

The events as detailed above have resulted in the Company deciding to withdraw
the Offering. Future financing initiatives will be reconsidered when the detailed analysis of the Independent Persons Report has been completed, which is expected to be within the next four weeks.

The TSX listing application is being progressed with the Company's advisors and
the Canadian regulatory authorities and a further update on the application will
be given once the listing timetable becomes more certain and the Canadian
Preliminary Non-Offering Prospectus can be finalised.

This share has tanked and now will almost certainly be de-listed from the AIM[post AGM vote].
In the latest RNS it says that if I do nothing that my shares[i hold 15000 of them current total value ~40,for a loss of 110] will be transferred to the aussie market.
Given the low value of my holding is it worth letting it ride on the aussie market in the vain hope they ever recover and can I trade them if I do.
Yet another of my wonderful share choices.

For those who think I have the Jonah touch I also hold GIP/AMER/RIFT/SER/IVE/and HAWK. all currently languishing at a loss:(

Alex

You can certainly pick them!

I'd be inclined to hang on to them in case anything useful comes out of Mumbwa or the S African interests. I sold mine about 18mths ago for an average of around 12p when I came to the conclusion that the price of zinc was starting a long term downward trend - surprised and disappointed to see that Perkoa had to be mothballed, though.

my thoughts too. Believe when metal prices recover this will return to profitability/commercial viability.

just worried about trying to sell them when thay are only listed on ASX. will talk with my broker,HB. it must be possible just incurring a greater charge.

Bon chance
Alex