ASL, AUSDRILL LIMITED

[blacksheep]

In Reply To: blacksheep's post @ Aug 17 2018, 10:11 PM

Ausdrill axes workshop jobs
Josh ChiatKalgoorlie Miner
Friday, 11 January 2019 1:03PM

Kalgoorlie-born mining services giant Ausdrill has chopped at least 13 positions this week from its Goldfields workforce believed to be centred on its Boulder workshop after a restructure of its Australian exploration divisions.

In a letter seen by the Kalgoorlie Miner the company informed staff who could be affected about the redundancies, saying they came after a review of the operating model in the Kalgoorlie workshop.

“These volumes of work are not able to sustain the current size of the workshop and as a result a number of roles have been identified as no longer required,” a company representative wrote.

Responding to questions from the Kalgoorlie Miner, an Ausdrill spokesman confirmed 13 positions had been made redundant this week after the merger of its Ausdrill Northwest and Ausdrill Exploration businesses.

read more - https://thewest.com.au/news/kalgoorlie-mine...-ng-b881069638z
Short positions as at 7/1/2019 = 4.58%
https://www.shortman.com.au/stock?q=asl

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[blacksheep]

In Reply To: blacksheep's post @ Aug 1 2018, 02:25 PM

Ausdrill shares soar on Barminco takeover deal
Peter WilliamsThe West Australian
Friday, 17 August 2018 1:22PM

Shares in Ausdrill have surged after they resumed trading in the wake of a $700 million deal to take over underground mining contractor Barminco.

Ausdrill today said it had completed a $175 million placement to institutional investors, part of a $250 million capital raising to help finance the deal.

The mining service provider’s shares were up 22¢, or 13 per cent, to $1.93 at 11.57am.

It said eligible institutions had taken up 93 per cent of available new shares, with the remainder going to new and existing shareholders.

The shares were offered at one for every 2.13 Ausdrill shares held at 1.47 each.

read more - https://thewest.com.au/business/mining/ausd...l-ng-b88931533z

Finished the day $1.950 +0.240 - uo 14.04%

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[blacksheep]

In Reply To: blacksheep's post @ Jul 24 2018, 08:31 PM

ASL gets a mention here - https://www.bloomberg.com/news/articles/201...earnings-season

Ausdrill Ltd., set to welcome former Thiess executive Mark Norwell as incoming CEO in September, may provide commentary on the hit to earnings from the 35 percent reduction in works at the Super Pit as well as the halving of a contract at a Mineral Resources Ltd. mine.

https://www.bloomberg.com/news/articles/201...earnings-season

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[blacksheep]

In Reply To: blacksheep's post @ Jun 13 2018, 11:21 AM

SP may have found the bottom and on its way up?. Was one of the star performers today - up 5.46% @ $1.83 - on no news.

ASL recently reported Board changes - >

Robert Cole
Rob has over 30 years' experience in the energy and resources industries. He is a former
Executive Director and Board member of Woodside Petroleum Ltd, a top 10 ASX listed company
and Australia's largest independent oil and gas producer. Rob is also a former Managing Director
of Beach Energy Limited, an ASX listed company and major domestic oil and gas producer.
Prior to joining the oil and gas industry, Rob was a partner in the law firm now known as King &
Wood Mallesons.

During his diverse career, Rob has had executive responsibility for strategy, human resources,
corporate/public affairs, internal audit, risk management, marketing, legal, commercial, supply
chain, health and safety, environment, security, emergency management and company
secretariat.

Rob is currently Chairman of: Synergy, Western Australia's largest electricity generator and
retailer of electricity; Southern Ports Authority, which owns/operates the major ports in the South
West of the State; and GLX Holdings Ltd, a developer and operator of a global online LNG trading
platform. He is also a non-executive director of Iluka Resources Ltd, a major producer of mineral
sands.

and

Alexandra (Alex) Atkins
Alex is a mining engineer, geologist and geotechnical engineer with 28 years’ experience in the
mining industry, and is a director of The Australasian Institute of Mining & Metallurgy (The
AusIMM). She has an MBA (Finance) from the Australian Institute of Business, is a Chartered
Professional Fellow of The AusIMM, and a graduate of the AICD and she holds Bachelor of
Engineering Degrees from the University of Queensland and WA School of Mines
.
In her early career, Alex worked in various roles in the mining industry, including as a Mining
Engineer for Mt Isa Mines Ltd, Underground Miner for Plutonic Resources, Underground Miner,
Mine Engineer/ Deputy Mine Manager and Geotechnical Engineer for Placer Dome, Construction
Project Engineer for Cairns Regional Council and Senior Mining Engineer for AMC Consultants.
She has also worked as a District Inspector of Mines for the WA Department of Mines &
Petroleum, a Principal Mining Consultant for Optiro, and was the Chief Operating Officer of
PETRA Data Science Pty Ltd an artificial intelligence and machine learning software company
servicing the mining industry.

Alex is passionate about technological innovation and inclusive diversity and was a finalist in the
Australian Mining Prospect Awards - Mining’s Female of the Year and the WA CME “Women In
Resources Awards” in 2011 for her pioneering career and, at the time, was WA’s first female
District Inspector of Mines.

During her career, Alex has developed strong skills in governance, risk and innovation in the
mining sector. The addition of these skills to the Board will assist the Company in developing
innovative technologies to deliver superior mining services to the mining industry.

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[blacksheep]

In Reply To: JSB's post @ Jun 13 2018, 07:24 AM

How very lucky indeed biggrin.gif

Mega lucky, I'd say At least those analysts who predicted a circa 27% downside got ASL right - see below extract from article I posted under STOCK PICKS 2018 thread

Sometimes mining is all about luck, and Sayers and Bartlett were lucky indeed. They saved $31.5 million and $12 million respectively by selling out earlier in the year. Too bad for the institutions that bought stock off them.

Best and Worst
ASX 200 stocks with largest upside/downside and at least 5 analyst ratings - includes SYR, BPT, ORE, GXY, ECX,ALS, and others

At the other end of the spectrum, the 14 analysts tracking Beach Energy Ltd. have a price target more than 27 percent below where it closed Friday, while those who follow commercial services company ALS Ltd. forecast a similar decline from current levels

SP up slightly this morning - $2.00 up 5.53%

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[JSB]

In Reply To: blacksheep's post @ Jun 12 2018, 12:44 PM

https://www.afr.com/brand/rear-window/ron-s...20180612-h11a6e

How very lucky indeed

[blacksheep]

Massive SP drop this morning following their Project Update ann

Hummingbird Resources Plc (Hummingbird) – Yanfolila
African Mining Services (AMS), a wholly owned subsidiary of Ausdrill (ASX: ASL) has
confirmed that following the recently advised security incident, mining operations at Yanfolila
are now operating at full capacity and development works have commenced at the Komana
West deposit.

Process Minerals International Pty Ltd (PMI) - Wodgina
Contract negotiations with respect to the Wodgina project continue with PMI. Whilst we remain
in discussions with PMI regarding the contract scope and possible opportunities beyond the
Wodgina project, we now expect the value of the contract to be approximately half the
previously announced $180 million over the initial three years.

Kalgoorlie Consolidated Gold Mines (KCGM) – Super Pit
Ausdrill advises that due to the recent wall failure at the Super Pit, our scope of works has
currently reduced by 35% whilst the client reviews the longer-term mine planning. At this stage,
it is difficult to provide a definitive timeframe for the reduction and we continue to work closely
with KCGM as they develop their future plans.

https://thewest.com.au/business/mining/ausd...s-ng-b88863901z

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[blacksheep]

Clash in Mali kills three at Ausdrill mine project
Peter WilliamsThe West Australian
Wednesday, 30 May 2018 12:32PM

At least three people in Mali have died in a clash between security forces and opponents of a mining project expansion in which WA contractor Ausdrill is involved.

Ausdrill today said it had confirmed that employees of its African Mining Services subsidiary were safe.

Hummingbird Resources, operator of the Yanfolila goild mine, said it understood the deaths occurred when a group of opponents acted to stop the company from carrying our site preparations

The company has been informed by the Malian National Guard that while upholding the rule of law, requested of them by the Government of Mali, a security incident occurred,” Hummingbird said in statement.

“Very regrettably, we have been informed that this incident has led to the loss of at least three lives(two of which are believed not to be Malian nationals).

“The company expresses its sincerest condolences to the families of the deceased and others affected by this incident.”

UK-listed Hummingbird said its employees and contractors were safe.

AMS has a $147 million, three-year contract to provide mining services for Yanfolila. It had expected to employ about 450 mostly local workers at the project.

Hummingbird said it had previously agreed with local community leaders, the Mali’s Ministry of Mines and local government to extend mining operations within its permit area to the Komana West deposit.

“In recent days, a limited number of people in the local area have disputed the company’s plan.” The company said the opponents had acted unilaterally to stop the preparatory work.

The Mali Government holds a 20 per cent stake in the mine. Hummingbird said 95 per cent of the workforce were Malian nationals.

.

https://thewest.com.au/business/mining/clas...t-ng-b88851538z

[blacksheep]

In Reply To: JSB's post @ Feb 27 2018, 02:27 PM

I bet he didn't think of that

Mind you, I think if I were in his boots I would have done the same - one never knows what happens to the fortunes a company when you leave it in someone elses hands. He did the hard work, he should be able to walk away with the rewards. He's been in the job a long time - 30 years I think.

[JSB]

In Reply To: blacksheep's post @ Feb 27 2018, 01:29 PM

...could have put it in escrow if that's really what he's concerned about?