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.

19% rise on ASX overnight - volume 21m+. Zinc, Lead Rise to Records in London After Inventories Decline Nov. 7 (Bloomberg) -- Zinc and lead rose to records in London after inventories of both metals dwindled, reducing supplies. LME-tracked inventory of zinc, used to galvanize steel, dropped 1.8 percent to 99,550 tons, the exchange said today in a daily report. Stockpiles have plunged 79 percent in the past year to the lowest level since April 1991. ``At current rates of decline, LME zinc inventories could be depleted by midway through next year,'' John Meyer, a London- based analyst at Numis Securities said via telephone. Zinc for delivery in three months on the London Metal Exchange rose as much as $70.15, or 1.6 percent, to $4,500.15 a metric ton. It traded at $4,491 as of 10:58 a.m. local time. The contract has more than doubled in the past twelve months. Consumers are tapping the stockpiles to fill a supply deficit forecast at 448,000 tons this year and 18,000 tons next year, according to Brook Hunt forecasts cited by Meyer. Record zinc prices have boosted stocks of zinc miners. Shares of Korea Zinc Co. and Zinifex Ltd., the world's largest producers, advanced to records today. Other zinc-related stocks, including trading company Hunan Zhuye Torch Metals Co., also gained. ``Zinc prices are expected to stay at high levels next year because supplies aren't something that can be easily increased,'' said Kim Hyung Chan, who helps manage about $500 million at KTB Asset Management Co. in Seoul. ``Prices may not rise rapidly like this year in 2007, but it will definitely not fall back to previous levels. This is positive for zinc stocks.''

In November 1 interview, following the publication of the latest quarterly report, director Scott Reid says Seymour Pierce 'managing $US20m capital raising towards the end of this year' - also 'expecting results from the initial (Mumbwa) drilling programme within the next month, or so'. Full (5 minute) interview can be heard on www.brr.com.au.

Assuming that AIMR has control over the phasing of the Mumbwa assay report and the placing of US$20 worth of shares by Seymour Pierce then the calculation, presumably. is that the Mumbwa report will have a positive effect on the share price.

....volume of 44m+ on ASX overnight......

AIM Resources Limited
10 November 2006


AIM RESOURCES LTD ('the Company')

10 November 2006

Response to query from ASX

The Company today received a letter from the Australian Stock Exchange ('ASX')
querying the recent share price change and share trading volumes on the
Australian Stock Exchange.

The Company responded that it is not aware of any information concerning it
which, if known, might reasonably be regarded as an explanation for the recent
trading in the shares of the Company.

The company is unable to offer any explanation for the price changes and the
increase in the volume in the securities of the Company other than the increase
in the zinc price.

The Company also confirmed that it is in compliance with Listing Rule 3.1 of the
ASX.

A copy of the ASX query letter and the Company's response is available on the
ASX website

www.asx.com.au

Anyone know why AIMR is up 26% this morning? Not complaining though :-)

Hmmmmmmmmmmm closed 39.5% up on the Aussie market so something must be brewing.

Yes, the volume was 35m+ too - the ASX letter doesn't seem to have had much effect. The speculation is probably about the results from Mumbwa combined with undervaluation on the basis of the continuing high zinc price. At this stage it looks as if the dilution resulting from the $20m share issue will be less than expected.

3.85m buyer (T-trade) at 11.13.....

From the Independent

"Aim Resources found some solid buying support on rumours the company is poised to report a significant uranium find in Africa. The company said it knew of no reason for the share price movement last week, when the stock rallied from 5p, but more demand saw the shares add 2.62p to 11.12p"

Director's interest/significant shareholder notices on ASX

This presumably accounts for some of the recent surge in the sp :

AIM Resources Limited
17 November 2006


AIM Resources Ltd ('the Company')

Becoming a Significant Shareholder

The Company has been advised on 17 November 2006 that North Sound Capital LLC
has acquired a beneficial interest in a total of 51,688,777 ordinary shares
(7.93%) of the Company and accordingly is now a significant shareholder as
defined by the AIM Rules.

Further details of the acquisitions of shares are as follows:

Date Consideration Number of shares acquired
13 November 0.0846 1,150,000
14 November 0.1081 5,600,000
14 November AUD$0.2597 10,190,774
15 November 0.1245 3,800,000
15 November AUD$0.3208 26,964,974
15 November AUD$0.33 121,865
16 November AUD$0.2923 2,611,164
16 November 0.1078 1,250,000

The registered holders are North Sound Legacy Institutional Fund LLC and North
Sound Legacy International Limited, both of which's shareholdings are under the
voting control of North Sound Capital LLC.

Latest Lonsec analysis on www.aimresources.com.au (issued when the share price was 6.5p) gives base and upper share valuations equivalent to 10.1p and 25.1p with zinc prices of $US0.68/lb and $US1.40/lb respectively. Takes into account dilution for issued options and equity raising of $US20m at 6.0p per share.

Another substantial holder:
http://sa.iguana2.com/cache/1c1e7b9cd5f8e6c3c9bb2653bc98b365/ASX-AIM-343906.pdf

Hi,

AGM in Australia today and some very big buying of shares been going on. Share price now up 15% today alone. Frank Brewer, who ever he is, bought 41,000,000 shares yesterday...he's made alot on money already!

TAKEN FROM OZ BULLETIN BOARD :- and nicked from the other side!

hedge funds are snapping up AIM, thse have an uncanny knack at picking the right time to buy, Mumbwa drill results have been stated to be reported within this month, there is nine days left of this month, so hold on Mumbwa should be announced soon.
........................................................................................................................
A REMINDER FROM ME SAGEM OF WHAT TO EXPECT ;-


Highlights

The Mumbwa licence area contains a large iron oxide copper-gold mineralisation system with anomalous uranium providing confidence in the Olympic Dam exploration model.


Joint Venture with BHP Billiton, with AIM Resources earning a 70% interest.


The Kitumba region of Mumbwa is the most advanced, where BHP Billiton drilling in the mid-late 1990s intercepted significant mineralisation in eight of nine holes drilled.


A total of 23 exploration targets were identified by a FalconTM geophysical survey.


A major drilling program is being undertaken over the second half of 2006. The planned program is for 5,500m in eleven drillholes.

All resolutions passed at the AGM. They included approval for issuing up to 250m shares during the 3mth period following the AGM at a minimum price per share of 80% of the price on ASX. So at this stage it looks as if the dilution from the $20m share issue will be substantially less than forecast by Lonsec.

Also:

Increased Holding in the Company

The Company has been advised on 30 November 2006 that North Sound Capital LLC
has acquired a beneficial interest in a further 6,897,450 ordinary shares taking
their holding to 58,586,227 ordinary shares (8.98%) of the Company.

Zinc, nickel price forecasts boosted

ANGELA BARNES , Globe and Mail Update

Two brokerage firms have hiked their zinc and nickel price forecasts substantially, in the face of robust metal demand, supply constraints and continued strength in metal prices. The changes promoted a round of profit-estimate and price-target revisions for a number of mining stocks.

RBC Dominion Securities Inc. boosted its zinc price forecast for 2007 to $2 (U.S.) a pound from $1.50 and to $1.85 from $1.40 for 2008. It adjusted forecasts for zinc in 2009 and 2010 to $1.75 from $1.30 and to $1.90 from $1.30, respectively.

RBC Dominion also increased its nickel price forecasts, going to $12.50 a pound from $10 for 2007 and to $12.50 from $6 for 2008.

While the RBC team led by Fraser Phillips said their analysis suggests that spot commodity prices, with the exception of uranium, have peaked, metal prices seem set to continue at historically high levels because of strong demand and supply constraints. Despite our forecast of a modest slowdown in global economic growth in 2007 and some signs of softness in certain end-use markets, metal demand continues at very high levels, the team said in a market comment this morning.

At the same time, supply remains constrained by years of under-investment and production disruptions are exacerbating the problem, they said. Furthermore, they added inventories for all the metals are currently well below critical levels and are forecast to remain there throughout our forecast period.

The upbeat report suggests that there will be opportunities for investors to outperform the overall market by investing in mining shares next year, though the analysts warn that investors will need to be more selective in 2007 than they were this year.

Analysts John Redstone and John Hughes of Desjardins Securities Inc. also picked up on the strong metal price theme and boosted their forecasts for zinc and nickel. They expect inventories of both metals to be completely depleted by the end of 2007. They said in a report that the metal market is relying on China becoming a net exporter of zinc and zinc alloy in order to reduce the gap between supply and demand next year. However, China has remained a net importer through the first 10 months of this year, they noted. They boosted their 2007 price projection for zinc to $1.80 a pound from $1.40.

AIM Resources Limited
('AIM Resources' or 'The Company')

Issue of Securities

The Company announces that it has placed, through Seymour Pierce Limited,
Westwind Partners, Inc., Paradigm Capital Pty Ltd and Cartesian Capital Pty
Limited a total of 81,893,238 fully paid ordinary shares ('Placement Shares')at
an issue price of A$0.29 (11.6p) per share to raise up to approximately
AUD$23.75 million (circa 9.5 million) before expenses.

The net proceeds of the placing will be applied to continue the Company's mine
development plan for its high-grade Perkoa zinc mine development in Burkina
Faso. Development on site at Perkoa is continuing, including the commencement of
excavation work on the box cut for the decline development.

This placement has been made pursuant to the shareholders' approval granted at
the Annual General Meeting held on 30 November 2006.

The funding mix for the Perkoa Zinc Project is continually under review and may
change from that announced on 18 October 2006 based upon market conditions.
Discussions are continuing with the banks and the off-takers. When this is
finalised an announcement will be made to the market.

Application has been made for the Placement Shares to be admitted to trading on
AIM and dealings are expected to commence on 29 December 2006.

happy, happy :-) up 41% this morning !!! Up 45% in OZ on over 92 million shares traded.
There is drilling news and just look at the depth of the mineralisation on the 8th hole!
http://sa.iguana2.com/cache/a81e3033c0e1e04632dc419828d94cd0/ASX-AIM-362582.pdf

AIM up on copper hit From Mining News.

Kate Haycock
Tuesday, 22 May 2007

A SUBSTANTIAL hit of 655m at 0.46% copper from its first drilling at the Mumbwa joint venture in Zambia has given AIM Resources a solid boost on the Australian Securities Exchange today.


On the back of the news, the junior's shares rose 33% or 7c to 28c in morning trading.

The "encouraging" results came from the eighth hole in the company's initial drilling program at the project, AIM said, and indicated the presence of significant mineralisation on the tenement.

The assays from the other seven holes, which the company did not release today, were "in line with historical results from previous drilling in the area".

The overall intercept, from 42m, also hosted higher grade sections including 317m at 0.79% copper and 42m at 2.01% copper.

The company also said it was currently in discussions with a drilling company to target further anomalies indicated by the initial drilling program.

Sydney-based AIM is earning a 70% share in the project from BHP Billiton, which had conducted initial exploratory drilling at the prospect before entering into the joint venture in 2004.

AIM managing director Marc Flory was unavailable for comment on the results.

A good write up and buy note in the Shares Mag yesterday and a brilliant tick up since last week. Shares say buy on good news potential.
Di

Up 20% in Oz on 100m shares traded...well thats me more than doubled my money on AIMR but more to come so I'm hanging around for some more.
DYOR etc
Di :-)