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imajica

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Everything posted by imajica

  1. Many analysts are tippping thermal coal to be bulllish this year. This is why I have chosen JAL (Jameson Resources) as my pick for 2010 reasons: - current JORC high quality resource 124 mt (currently being expanded) - in existing Canadian coal province - most infrastructure already in place - capex estimated as being a third of a typical aussie operation startup - will be producing by years end - coal is highly sought after from this area - tiny 25 million market cap let's have a look at some rough calculations: The expanded mine case BFS is due out Q1 this year. I guess JAL had some revised estimates they wanted incorporated in the draft BFS and had Norwest ammend to their liking, They have estimated $20 operating margin per tonne. Initial estimates of 500000 tonne operation per annum. This gives operating profile of 500k x $20 = $10m. Lets say repayment of interest of $1m gives $9m x 0.70 = $6.3m NPAT. Given the above and a market PE of 13, then we get 6.3x13 = $81.9m / 62m = $1.32 per share. Now lets revise our estimate when JAL increases to 1m tonne a year production. That gets us to 2 x 1.32 = $2.64 a share. Obviously there is further upside given any increase in the price of thermal coal.
  2. imajica

    AQA

    Aquila to issue Bonus Shares as West Pilbara Iron Ore Project delivers positive Pre-Feasibility Study Aquila Resources Limited (“Aquila†or “the Companyâ€ÂÂÂÂÂ) is pleased to announce a bonus “one for five†issue of the Company’s shares as a result of the positive Pre-Feasibility Study for the West Pilbara Iron Ore Project. The bonus issue recognises the significant progress that the Company has made with the development of its iron ore initiative, which began in early 2004 when Aquila decided to expand its raw steel materials interests to include a strategy in iron ore. In addition, the free entitlement is intended to encourage greater liquidity in the Company’s shares, which in turn should improve the likelihood of the Company being included in the ASX200 or 300 Index. The entitlement is to be issued for nil consideration and will be distributed on the pro-rata basis of “one for every five†ordinary shares held by existing shareholders at 5 pm (WST) at the record date of [14 May] 2008. The shares will trade on an “ex†entitlement basis from [8 May] 2008. The principal terms and conditions of the bonus issue are as follows: • Class of security to be issued - Ordinary shares • Number of securities to be issued – up to a maximum of 41,179,374 • Issue price of bonus shares - nil consideration • Date on which securities will trade on an “ex†basis – 9 May 2008 • Record date to determine entitlement – 15 May 2008 • Despatch Date – 29 May 2008
  3. imajica

    AGO

    LRF's (Linq Resource Fund) stake in AGO is now worth $70,398,210 The fund has made tens of millions in profit over the last few weeks!
  4. I have only one stock to suggest that will be the stellar performer over the next five years. AQA - Aquila Resources did someone say a JORC compliant iron ore resource of 266 million tonnes? or a number of coal mines in their arsenal - this company will emerge to be a major force in the Australian mining industry
  5. skinny puppy - Politkil industrial at its very best http://www.youtube.com/watch?v=JcFrSYptyR4
  6. imajica

    AQA

    Aquila Resources (AQA) Foster Stockbroking Buy recommendation Price target of $14.49 Last traded $9.20 HERE'S a question for the those with a penchant for all things hematite: which company has the biggest JORC-compliant hematite resource in the Pilbara outside of BHP Billiton, Rio Tinto or Fortescue? That's right, Aquila Resources. However, the company's iron ore assets took a back seat recently as Aquila and its partners moved to advance their coal assets in Queensland. "Belvedere, Washpool and Botswana add to the coal pipeline," Foster Stockbroking analysts write. "Besides Peak Downs, Washpool and Belvedere provide a robust pipeline for the company to increase its coal production and become a major independent Australian exporter. Additionally, the company has coal projects in Botswana which it hopes to extract value from." As for the iron ore, Aquila is targeting a production start in 2011 from its 266 million tonne project in the Pilbara. However, the company's initial focus in iron ore will be on South Africa, according to Foster. "This is mostly because of pre-existing infrastructure and capacity (rail, port) and potential domestic customers (Mittal), meaning production could be as early as 2010." As for what's still to come out of the Aquila headquarters before the end of the current financial year, Foster said to watch out for an inaugural resource for Washpool, and upgrade of the Pilbara resource and initial drilling results from South Africa. "A resolution of Aquila's dispute with ACMI of its joint venture with the latter is also expected, which could eventuate in Aquila buying its partner's interests at an attractive valuation."
  7. imajica

    AQA

    The Directors of Aquila Resources Limited are pleased to announce that they have resolved to proceed with a bonus issue of shares to all shareholders of the Company. This year’s bonus issue is made in recognition of the continuing significant progress and development of the Company and the invaluable support it has received from its shareholders. It is also intended to encourage greater liquidity in the Company’s shares, to ensure an active market is maintained for share trading transactions by new and existing shareholders. The entitlements are to be issued for nil consideration and will be distributed on the pro-rata basis of “one for every five†ordinary shares held by existing shareholders at 5 pm (WST) on 12 December 2007, being the Record Date. The shares will trade on an “ex†entitlement basis from 6 December 2007. Just in case people have forgotten or are unaware of the imminent share issue
  8. As of the close of business today oxiana is included in the MSCI Global Standard Indices basically meaning that most Index funds are required to have the indexed weighting (0.32%)of OXR in their portfolio. Probably explains the volume traded today.
  9. Is the Ox eyeing Equinox? -------------------------------------------------------------------------------- Friday, November 23, 2007 Kate Haycock AN OXIANA and Zinifex merger has been rumoured for months now, but could Oxiana be considering a takeover play for emerging copper miner Equinox Minerals instead? Oxiana is rumoured to be considering a bid for Equinox, which is rapidly progressing its substantial Lumwana copper project in Zambia into production. Oxiana managing director Owen Hegarty has not been shy about his expansion plans for the company, which have so far focused on Australia and the Asia Pacific. The company's flagship operations include the Sepon gold and copper project in Laos and the Golden Grove copper-zinc-gold and silver mine in Western Australia. These combined operations are expected to produce up to 78,000 tonnes of copper, 150,000t zinc, and up to 65,000oz of gold. The Melbourne-based mid-tier miner is also bringing the Prominent Hill project online, with production expected to start next year. In its first full year of production, Prominent Hill is expected to produce 117,000t of copper, 86,000oz gold and 390,000oz of silver. Equinox's Lumwana project, due to come online in the second quarter of 2008, has a production rate target of 169,000t of copper concentrates a year for the first six years, and a planned mine life of 37 years. The project is the largest single foreign investment in the African nation of Zambia, and once it reaches targeted production will be a substantial copper producer. Equinox is also looking at establishing uranium production from the mine. However, dual-listed Equinox would not be a cheap buy: the company's market capitalisation in Australia is $2.72 billion, while on the Toronto Stock Exchange it has a market cap of $C2.38 billion ($A2.77 billion). Oxiana has a market cap of around $A5.48 billion on the ASX. Equinox would be a new foray for Oxiana beyond its Asia-Pacific focus. Previously, the Ox has been linked with zinc miner Zinifex, but a deal between the two has yet to materialise. Equinox managing director Craig Williams was not available for comment this morning. Shares in the company were last trading at $4.81, down 16c, while Oxiana was last at $3.57, up 5c.
  10. just broke $3 Whitehaven will be the next hot coal stock after the hot money leaves FLX, this is where it will be heading
  11. imajica

    BEC

    Becton has been growing exponentially over the past year with acquisitions and exceeding profit projections! Just hit $5 this is only the beginning for this quality company
  12. just released - company's quarterly report WHITEHAVEN COAL LIMITED QUARTERLY REPORT TO 30 SEPTEMBER 2007 HIGHLIGHTS • Saleable coal production up 57% over the previous corresponding period; • Coal sales up 90% over the previous corresponding period, including traded coal.
  13. a quick summary of what these guys are up to! Profile - Whitehaven Coal Limited BUSINESS SUMMARY Whitehaven Coal Limited (WHC) is a coal mining company with the projects located in the Gunnedah Region of New South Wales. Company operates two open cut mines near Boggabri and is a major shareholder of the Werris Creek mine north of Quirindi. WHC is actively seeking to develop several other small mines in the region and a major longwall mine south of Narrabri. Whitehaven also operates the Coal Handling and Preparation Plant (CHPP) and rail loader at Gunnedah. Canyon: The open cut mine is located 15 km east of Boggabri. Annual production is up to 1Mt. The mining method is truck and excavator. Raw coal is trucked 30 km to Gunnedah for washing at the company's CHPP and then railed to Newcastle for export. Tarrawonga: The open cut mine is located 16 km north-east of Boggabri. Mining is by truck and excavator method to produce up to 1.5Mtpa. The mine is operated by Tarrawonga Coal Pty Ltd and is a joint venture between Whitehaven (70%) and Idemitsu (30%). Werris Creek: The open cut mine is located 4 kms south of Werris Creek. Whitehaven has a 40% interest in the Werris Creek JV, with Creek Resources holding 60%. Production is at the rate of 1.5Mtpa. The coal is transported directly by rail from Werris Creek to the Port of Newcastle. Belmont: The open cut project is located 28 km north of Gunnedah and is due to commence in 2008. Using truck and excavator method mining is proposed at 1.5Mtpa. As at June 2007, an environmental assessment was being prepared. Narrabri North: The project is located between Boggabri and Narrabri. An Environmental Assessment is being proposed for Stage 1 of the project. Initial production using continuous miners will be 1.5Mtpa. A rail loop will be constructed for rail transport of coal from the project site to Newcastle for export. Stage 2 plans include the production of an additional 4.5Mtpa from longwall mining. Sunnyside: The open cut project site is located 15 km west of Gunnedah and will produce up to 1Mtpa. The coal will be trucked by road to Gunnedah CHPP for washing & loading for transport by rail to the Port of Newcastle. A truck and excavator mining method will be used with auger mine from highwall if feasible
  14. As this stock has risen nearly 200% in approx. 5 months since listing at $1 in the IPO (currently $2.91) - I thought it would be appropriate to start a new thread. (canyon)They have a 100% owned open cut coal mine currrently in production. (Tarrawonga) A 70% interest in this one - and is also producing (Werris Creek) A 40% interest in this one - and is also producing (Belmont) production beginnning in 2008 (100% owned) two other proposed mine sites Narrabri North and Sunnyside are currently undergoing an environmental assessment. A growth story that has already attracted some interest and will continue to do so as it expands its operations. as always DYOR
  15. imajica

    AED

    aed still has a long way to go in terms of share price appreciation - we could see $20 + next year - NWE is a small player simply collecting royalties - AED will have the huge finances to locate further quality fields and expand further - this is only the beginning for AED - I'm not saying NWE is a bad stock - but AED also has huge further upside for years to come - not to mention dividends - which will be hefty! if you have the funds, invest in both and reap the rewards
  16. imajica

    SDV - SCIDEV LTD

    I held Intec for 9 months and lost a s**tload (well, for me anyway) - I really believed in the company and had faith that it would be reflected in the share price - I am only a small investor so only lost 5 grand - which I subsequently made back in two weeks on AED (thank god) - it might take years for sentiment to turn around - I wish all the long term holders all the luck in the world and I really hope it does pay off
  17. imajica

    AED

    weak handed mofos selling it down - long term this one is heading much higher - don't be fooled into selling too cheaply - big players still accumulating
  18. imajica

    AED

    In reply to: leonchai on Saturday 06/10/07 10:12am I believe that once flow rates are maintained we should see a share price between $12-14 this does not factor in the second well coming online which would mean 60000 Bopd or further exploration success which would be likely considering the cash mountain they will be sitting on - either of these variables will send this one over $20
  19. imajica

    AED

    theox has always been negative when it comes to AED where's the announcements? what's going on? hehe typical knee jerk reaction from someone who has weak hands show some kahunas and at least see this one to $15 +
  20. imajica

    AED

    AED will continue to surge over the next few weeks
  21. imajica

    AED

    nice surge of buying bringing AED up to $8.80 will see the usual small fry lemmings selling it down a bit before a late arvo run I reckon it'll track down to the 8.60's and then explode when the big end of town sees value there will be a mad scramble to get stock before close today as an announcement for first oil is imminent - last hour of trading should be very interesting
  22. imajica

    AED

    once we get through resistance at $8.50 we will see a nice surge was a huge chomp of 37000 shares at 8.50 earlier if that doesn't inspire confidence, I don't know what will
  23. imajica

    AED

    looks like the run has stalled at the moment although AED is unpredictable - big chomps appear out of nowhere
  24. imajica

    AED

    solid buying this morning! if buyers can hoover up the 75k shares on offer at 8.50 - this will run like the wind
  25. imajica

    AED

    obvious manipulation, big players stack the sell side to stall the share price small holders with weak hands will give up their stock seen it a million times before don't be fooled people, on announcement of first oil and reliable flow rates, this stock will double - the big players know it, and they have the patience to wait
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