1sharecrazy
- 21 Mar 2005 09:33
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.
Dynamite
- 27 Jun 2006 08:24
- 28 of 122
From the other side......
A Zinc Mine Close to Production & New Olympic Dam?
By Stephen Clayson
25 Jun 2006 at 07:40 PM EDT
LONDON (ResourceInvestor.com) -- AIM Resources [AIM:AIMR] is determinedly driving towards production with its Perkoa zinc project in Burkina Faso, while becoming more and more pleased with Mumbwa, its main exploration project.
AIMR expects that the Perkoa project will require $70-80m to bring into production, and the company is currently fine tuning its plans for raising this money and negotiating with potential off-takers, banks and institutional investors. The company has been speaking with some major names in the zinc smelting business regarding off-take agreements, and the market should not be surprised if news on this matter emerges soon.
In fact, the same goes for the arrangement of debt finance and the necessary placing of equity, even if the present turmoil in the equity markets may have complicated the latter somewhat.
A bankable feasibility study on the Perkoa project was completed in December and came to a positive conclusion, with 0.5 million tonnes of ore per annum figured to be mined over a 14 year project life.
AIMR is ready to move on the ordering of project items that require long lead times for procurement, being conscious of the need these days to get orders for such things in early so as to avoid delays later.
Although Perkoa amply underpins AIMR as an investment proposition, the Mumbwa copper-gold exploration project in Zambia offers investors a shot at blue sky. Indeed, AIMR?s Managing Director Marc Flory doesn?t hesitate to describe Mumbwa as perhaps comparable to the monumentally large Olympic Dam deposit in Australia.
If this turned out to be the case, it would obviously be a major event for AIMR, and maybe even for the junior mining sector as a whole. AIMR is earning into a majority stake in Mumbwa from BHP Billiton, and this could one day lead to a takeover of the former by the latter. Nothing is certain yet, but at the moment, Mumbwa looks like one of Africa?s most exciting exploration projects.
AIMR also has a PGM project in South Africa, Mokopane, but is unsure as yet whether to take this forward within the company. The project is not a bad one, but AIMR is hesitant about putting big money into the arguably rather trying South African operating environment when there are more attractive alternatives at hand.
Mokopane has a 1.1 million ounce platinum equivalent resource in place, and AIMR believes that at least 3 million ounces might be attainable with more work. The deposit would likely be suitable for open pit mining, and this might help draw in a joint venture partner or outright purchaser, which Flory indicates is probably the way things will play out.
Investment Outlook
After topping 8p last month ago, shares in AIMR have slid back along with the rest of the market, and now trade at around 5p. But with production at Perkoa drawing steadily nearer and the potential for some really attention grabbing exploration results from Mumbwa, it seems like only a matter of time before AIMR shares perk up.
jmacroesus
- 27 Jun 2006 10:22
- 29 of 122
Positive article although doubt that the comments on Mumbwa are based on drilling which can only have started very recently. As far as Perkoa is concerned an important element will be the dilution resulting from whatever debt/equity ratio is used to finance it.
According to my calculations AIM still has around 6m A$0.1 options outstanding which are excercisable by 30 June 2006.
jmacroesus
- 27 Jun 2006 10:29
- 30 of 122
Make that 5m.....
AIM Resources announces the issue of new ordinary shares as follows.
On 27 June 2006 the Company has issued and allotted 1,000,000 new ordinary
shares, following the exercise of options. The exercise price for 1,000,000
options is A$0.10 per share.
Following the issue of these new ordinary shares the issued ordinary share
capital of the Company is 606,214,031. Application will be made for these new
ordinary shares to be admitted to AIM, and trading is expected to commence on 3
July 2006.
3m....
On 28 June 2006 the Company has issued and allotted 2,000,000 new ordinary
shares, following the exercise of options. The exercise price for the 2,000,000
options is A$0.10 per share.
Following the issue of these new ordinary shares the issued ordinary share
capital of the Company is 608,214,031. Application will be made for these new
ordinary shares to be admitted to AIM, and trading is expected to commence on 4
July 2006.
jmacroesus
- 28 Jun 2006 11:40
- 31 of 122
Reiterated 'buy' on 27 June from AIMR's brokers Seymour Pierce. They are handling the equity component of Perkoa financing.
jmacroesus
- 29 Jun 2006 10:31
- 32 of 122
This takes Flory's holding from 0.65% to 0.96% of the issued capital:
29 June 2006
AIM Resources Limited ('AIM Resources' or 'the Company')
Issue of Securities & Change in Director's Interest
AIM Resources announces the issue of new ordinary shares as follows.
On 29 June 2006 the Company has issued and allotted 5,000,000 new ordinary
shares, following the exercise of options. The exercise price for 1,000,000
options is A$0.10 per share. The exercise price for 4,000,000 options is A$0.06.
Mr Flory, the Managing Director, exercised 2,000,000 of these options for a
total consideration of A$120,000.
This transaction brings Mr Flory's interested holding in the Company to
5,900,000 ordinary shares, representing 0.96% of the issued capital of the
Company.
Following the issue of these new ordinary shares the issued ordinary share
capital of the Company is 613,214,031. Application will be made for these new
ordinary shares to be admitted to AIM, and trading is expected to commence on 5
July 2006.
jmacroesus
- 29 Jun 2006 11:20
- 33 of 122
Aim Newsletter June 2006
Thank you for your interest in AIM Resources Ltd. The company is currently in the process of finalising the financing and development of its flag ship Perkoa zinc project in Burkina Faso and has a substantial drilling program underway at the Mumbwa Project in Zambia.
Given your interest in the resources market, we have taken the opportunity to let you know of a new gold focused resources company planning to list on the ASX at the end of July 2006.
Gulf Resources Ltd is an independent company but shares some common board members with AIM Resources Ltd. Importantly, Gulf Resources shares a similar exploration and development philosophy, but will focus exclusively on gold exploration and project acquisition opportunities.
If you would like the opportunity to participate in the Gulf Resources Ltd Initial Public Offering or find out more information on the companys properties and strategy, you can download a copy of the prospectus at the Gulf Resources website (www.gulfresources.com.au). Alternatively you can contact us via email (info@gulfresources.com.au) or telephone (02) 9222 1888, providing your address, and we will post you a printed copy of the prospectus.
Thank you for your interest in AIM Resources and I look forward to you subscribing to the new gold focused ASX float, Gulf Resources Ltd.
Yours faithfully
Scott Reid
Chairman
Gulf Resources Ltd
jmacroesus
- 30 Jun 2006 11:27
- 34 of 122
All the $0.10 options exercisable by 30 June have now been exercised:
30 June 2006
AIM Resources Limited ('AIM Resources' or 'the Company')
Change in Director's Interest & Issue of Securities
The Company was informed on 30 June 2006 that Mr Mnguni, Non-executive Director
of the Company, sold 2,000,000 unlisted options with an exercise price of A$0.10
on 30 June 2006 for a total consideration of A$14,000.
Following this transaction, Mr Mnguni has no interest in the ordinary share
capital or other securities of the Company.
On 30 June 2006 the Company has issued and allotted 2,000,000 new ordinary
shares, following the exercise of options. The exercise price for the
2,000,000 options is A$0.10 per share.
Following the issue of these new ordinary shares the issued ordinary share
capital of the Company is 615,214,031. Application will be made for these new
ordinary shares to be admitted to AIM, and trading is expected to commence on 6
July 2006.
jmacroesus
- 07 Jul 2006 13:52
- 35 of 122
26 June 2006
Australia's ABARE: Zinc prices may keep rising next year
Source: Dow Jones -
Zinc prices are expected to surge 17% in 2007, adding to a forecast more than doubling this year as growth in global mine output continues to fail to match demand, Australia's government commodities forecaster said Monday.
Zinc is forecast to average US$3,500 a metric ton (US$1.587/lb) in 2007, up from US$3,000 in 2006 and US$1,382 a ton last year, the Australian Bureau of Agricultural and Resource Economics, or ABARE, said in its June quarter report. Spot zinc closed at US$2,940 a ton in London Friday.
"The rise in prices so far this year reflects a market characterized by slow growth in zinc mine supply, concerns over supply disruptions, strong global demand for zinc and low and steadily declining zinc stocks," ABARE said.
"Compounding these effects has been an increase in targeting of base metals such as zinc by investment funds and financial speculators," ABARE said.
A strengthening of world economic growth is expected to drive demand for galvanized steel, zinc's main use, in the construction and automotive industries in 2006 and 2007, ABARE said.
World production is expected to grow to 10.7 million metric tons this year, up from 10.3 million tons in 2005. A further rise in output to 11.2 million tons is forecast for 2007.
The gains aren't expected to be enough to cope with demand though, ABARE said.
World consumption is expected to rise to 11.1 million tons in 2006 and again to 11.4 million tons next year.
jmacroesus
- 28 Jul 2006 08:33
- 36 of 122
AIM Resources has announced the appointment of DRA Mineral Projects as EPC Manager for the Perkoa Zinc Project and also released its June 2006 Quarterly Report.
These releases are available on www.aimresources.com.au or on the links below:
Appointment of DRA Mineral Projects:
http://www.aimresources.com.au/pdfs/asx_ann_27jul06.pdf
June 2006 Quarterly Report:
http://www.aimresources.com.au/pdfs/aim_quarterly_report_jun2006.pdf
jmacroesus
- 04 Aug 2006 08:47
- 37 of 122
Byrnecut Mining Pty Ltd appointed as managing contractor for the construction and mining of the underground mine at the Perkoa Zinc Project.
Byrnecut is the largest underground mining contractor in Australia, is currently engaged in several zinc mining operations and has successfully completed similar projects in Australia, Africa and Europe.
For more information:
http://www.aimresources.com.au/pdfs/aim_asx_ann_03aug06.pdf
georgetrio
- 05 Sep 2006 15:53
- 38 of 122
AIM RESOURCES
MAJOR HOLDERS
ANZ NOMINEES LTD...................31 191 334.....................6.03%
JP MORGAN SECURITIES LTD........20 000 000.................3.97%
PERSHING KEEN NOMINEES..........18 650 000..................
SIMON NICHOLAS JONES.............19 368 158..................
Only, god knows why these above want a piece of this, are they little fish lovers like myself? lol best luck
georgetrio
- 05 Sep 2006 15:54
- 39 of 122
BY THE WAY, DOES ANYONE KNOW MR SIMON NICHOLAS JONES?
jmacroesus
- 07 Sep 2006 08:34
- 41 of 122
AIM RESOURCES LTD ('AIM Resources')
Thursday 7 September 2006
MINING CHANGE TO ALLOW EARLIER START
FOR AIM RESOURCES' AFRICAN ZINC MINE
AIM Resources expects to reduce by up to 12 months, the expected start-up time
and move to full production for its flagship Perkoa zinc project in Africa.
The 500,000 tonne per annum zinc mine - in the Sanguie Province of Burkina Faso,
120 kilometres west of the capital, Ouagadougou - is now expected to commence
mining mid next year.
Addressing the Paydirt Media 2006 Africa Downunder Conference in Perth today,
AIM Resources Managing Director, Mr Marc Flory, said the reduction in time to
full production had been achieved through adopting a new mining method in
consultation with the recently appointed engineering, procurement and
construction manager, DRA Mineral Projects.
'The most influential factor was a decision to put in larger box cuts to 25
metres width as opposed to the original 10 metre section proposal,' Mr Flory
said.
'We were aiming for a 2008 start but this decision will allow that to be brought
forward by a minimum six months but nearer 12 months on Perkoa.
'Our initial rate will be 500,000 tonnes per annum but we have the capacity at
Perkoa - and with the changes proposed by DRA to lift that in a short time to
650,000 tonnes, with a high recovery rate annually of 65,000 tonnes of zinc
concentrate.'
Mr Flory also told Africa Downunder delegates that funding offtake agreements
for the mine's zinc output, were imminent. AIM Resources expected to make an
announcement on such agreements 'within the next week or two'.
'We have been negotiating with two smelters and a metals trading company with a
presence in West Africa and all of whom are interested in project
participation,' he said.
DRA Mineral Projects is an engineering company based in Johannesburg, South
Africa which specialises in project management and process plant design.
Background on DRA Mineral Projects
Established in 1984, DRA Mineral Projects has successfully designed and
commissioned many platinum and similar concentrators in Africa and have executed
process plant projects in four other continents. The Perkoa Zinc process plant
falls well within the company's range of expertise and skills.
georgetrio
- 07 Sep 2006 12:15
- 42 of 122
DYNAMITE
THANKS. WITH GOOD NEWS LIKE THIS, YOU CAN NOT ASK FOR MORE. LOOKING GOOD. BEST LUCK
bristlelad
- 07 Sep 2006 12:15
- 43 of 122
share magazine have tip these for your ISA portfolio?????how they are listed on aim so how can you put them in a isa????
georgetrio
- 07 Sep 2006 12:16
- 44 of 122
THANKS, JMACRO
Marc3254
- 07 Sep 2006 12:21
- 45 of 122
Ladies and Gents,
Two mining stocks worth watching - The first Vossnet ( soon to be tanzania gold) has just returned to AIM and has and will announce some great news and more to come.
Second - All Star Mineral - new thorium company - thorium is the replacement for uranium, but is safe and cannot be used to make nuclear weapons.
jmacroesus
- 07 Sep 2006 14:30
- 46 of 122
The following items have recently been posted to AIM Resources website:
* Presentation given today by MD Marc Flory to Africa Down Under Conference in Perth (3MB PDF)
* Lonsec research report on AIM Resources (1MB PDF)
* Mining Journals special publication on Burkina Faso (2.8MB PDF)
* Mining Journals special publication on Zambia (1.6MB PDF)
see: http://www.aimresources.com.au/newsletter.htm
bobabout
- 09 Sep 2006 14:58
- 47 of 122
bristlelad,
"share magazine have tip these for your ISA portfolio?????how they are listed on aim so how can you put them in a isa???? "
Because they are listed on the ASX as well as AIM. The ASX is a recognised exchange, so as far as the Inland Revenue are concerned you may put these in an ISA.
I did many months ago after checking with the IR and my on-line broker.