ShareCafe Posted October 17, 2006 Share Posted October 17, 2006 Created by Request: ATHENA RESOURCES LIMITED (AHN) Thankyou Sharescene.com Link to comment Share on other sites More sharing options...
macrae Posted November 22, 2006 Share Posted November 22, 2006 Athena Resources 20c shares open at 24c, close at 22c 16:32, Wednesday, 22 November 2006 Sydney - Wednesday - Nov 22: (RWE Australian Business News) - Athena Resources Ltd (ASX code: AHN) joined the sharemarket lists for the first time today, and the 20c shares opened at 24c, fell to 21.5c and closed at 22c. In two hours 450,000 shares were traded. Athena raised capital to fund exploration for nickel sulphides and gold in Western Australia. The company said it offered entry to exploration programs in the 1600 sq km Ravensthorpe project in the southeast and the 970 sq km Ashburton project in the Pilbara, both targeting nickel and gold mineralisation in Proterozoic orogenic belts that had been previously overlooked as exploration targets in WA in favour of greenstone belts within the Archeaen cratons. Link to comment Share on other sites More sharing options...
macrae Posted November 22, 2006 Share Posted November 22, 2006 Athena Resources makes market debut at 10% premium http://www.sharescene.com/html/emoticons/smile.gif 22-November-06 by AAP Athena Resources Ltd shares closed today at a 10 per cent premium to its offer price in a bouyant debut on the Australian Stock Exchange. The miner's shares started trading at 24 cents, four cents above its offer price of 20 cents before settling back to close at 22 cents. Athena plans to use the $2.4 million in funds raised through the initial public offering to explore for nickel sulphides and gold in Western Australia. The explorer's two main projects are the 1,600 sqkm Ravensthorpe project and Ashburton in the Pilbara. "At the Ravensthorpe project the company is exploring for nickel sulphides associated with a series of differentiated dykes informally termed the Coujinup dyke swarm," chairman Edmond Edwards said in Athena's prospectus. "Little previous exploration has been carried out specifically targeting mafic rocks of this age and type in the Ravensthorpe area." Mining giant BHP Billiton Ltd's $2.34 billion Ravensthorpe Nickel Project, which is a mine and treatment plant, is unrelated but in the same region. Athena's Ashburton project consists of one granted mining lease and three contiguous license applications covering a combined area of about 970 square kilometres. "The Ashburton project area was initially selected on the basis of the regional geophysics which show a number of features often associated with large mineral systems," Mr Edwards explained in the prospectus. "The combination of folds and thrust faults in rocks of the Ashburton and Capricorn formations, and granite intrusions are of particular interest." http://www.wabusinessnews.com.au/en-story....-10-premium/dba Link to comment Share on other sites More sharing options...
macrae Posted November 27, 2006 Share Posted November 27, 2006 Up to 28c again today. http://www.sharescene.com/html/emoticons/cool.gif See chart below: Link to comment Share on other sites More sharing options...
macrae Posted December 6, 2006 Share Posted December 6, 2006 Was up 50% on listing price but fell on $5245 volume today - keep a watch on her. http://www.sharescene.com/html/emoticons/cool.gif Link to comment Share on other sites More sharing options...
macrae Posted December 7, 2006 Share Posted December 7, 2006 Up she goes 23%. http://www.sharescene.com/html/emoticons/cool.gif Updated chart below: Link to comment Share on other sites More sharing options...
macrae Posted December 10, 2006 Share Posted December 10, 2006 Athena option to buy 75pc of nickel sulphide project http://www.sharescene.com/html/emoticons/wink.gif 15:15, Friday, 8 December 2006 Sydney - Friday - December 8: (RWE Australian Business News) - Athena Resources Ltd (ASX code: AHN) has entered an option agreement to acquire 75 per cent of the Oldfield nickel-copper sulphide project (exploration licence E74/218) at Ravensthorpe in WA from Ucabs Pty Ltd. Exploration licence E74/218 is centrally located within the main area of Athena's Ravensthorpe project. Previous exploration by Nickel Search NL in the early 1970s and Normandy Poseidon Ltd in 1992/93 located five copper-nickel gossans within the project area. These gossans are typically associated with serpentinised ultramafic rocks that are interpreted to have intruded the granite. In 1972 Nickel Search drilled three diamond drillholes that all intersected disseminated sulphide mineralisation. The sulphide mineralisation is associated with a prominent north-south orientated magnetic high, which Athena attributes to the serpentinised ultramafic dykes. ***** Terms of the agreement are: 1. Athena paid Ucabs $250,000 for the first-year option period. 2. Athena may extend the option by a further 12 months by making a second payment of $250,000 and $200,000 of Athena shares at that date. 3. The option may be exercised by final payment of $1.5 million and $1.5 million worth of Athena shares at that date. 4. Ucabs will be free-carried for its 25% interest to completion of a feasibility study. The vendor is not associated with Athena or its directors. Athena will seek shareholder approval to raise up to $525,000 (before costs) through the placement of up to 2.5 million shares at 21c each to fund the purchase of the Ucabs project, to allow for additional expenditure related to the option agreement and provide working capital. The issue will include a free attaching option for each share subscribed. The options will be exercisable at 20c and expire on November 30 2009. Link to comment Share on other sites More sharing options...
macrae Posted January 18, 2007 Share Posted January 18, 2007 Broken out one more time. http://www.sharescene.com/html/emoticons/cool.gif Letter to shareholders: Non-Renounceable Issue: http://sa.iguana2.com/cache/304f1349226c2d...-AHN-348482.pdf Updated chart below: Link to comment Share on other sites More sharing options...
macrae Posted March 27, 2007 Share Posted March 27, 2007 Closed at 35c on minimal volume. I bracket OVR, AHN, BOM & GGG together. Yesterday's chart below: Link to comment Share on other sites More sharing options...
macrae Posted April 2, 2007 Share Posted April 2, 2007 43.5 bid. http://www.sharescene.com/html/emoticons/wink.gif Updated chart below: Link to comment Share on other sites More sharing options...
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