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PUA, PEAK MINERALS LIMITED
nipper
post Posted: Jun 5 2021, 05:24 PM
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Posts: 9,138
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In Reply To: nipper's post @ Aug 7 2020, 11:48 AM

Peak Minerals (ASX: PUA), meanwhile, has gone on a bit of a run after it locked in a deal to acquire a bunch of exploration tenements in WA prospective for big copper deposits.

The acquisition gives Peak control over a significant ground position in an underexplored region that has shown similarities to OZ Minerals OZL Succoth copper and Nebo Babel nickel copper prospects in the Musgrave Province of Western Australia.

Previous explorers have been impeded by a fragmented tenement holding, principal geologist Barbara Duggan says.

QUOTE
The significance of acquiring the greater Copper Hills project is being able to systematically explore in a large area with known copper mineralisation, Duggan says.

Over the coming months Peak plans to undertake an extensive field based exploration program consisting of gravity, EM and drilling programs.

Shares rallied 28 per cent to 2.3c this week.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 7 2020, 11:48 AM
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Pure Alumina Limited changed its name to Peak Minerals Limited. (was Hill End Gold before)
Key Points
QUOTE
• The updated JORC 2012 compliant Resource Statement for the Hargraves deposit was a very robust 2,318,986t @ 2.38 g/t for 177,652 oz
• The review of data for the Hargraves and Hill End projects is advanced with a number of opportunities identified
• We are also taking the opportunity to compile the data into a single format to allow greater efficiency in modelling and to include the results of future work
• A capital raising for approximately $2 million was very well supported with strong demand for the Placement and the Entitlement Issue very well subscribed
• The focus for the Company is to continue to develop the opportunities we have at Hill End and Hargraves while also looking for additional value accretive acquisitions


- given up on the pure alumina story!?



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Oct 29 2019, 08:53 PM
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In Reply To: nipper's post @ Oct 29 2019, 08:21 PM

Depends on how successful they are with their German project equity strategy, It's hard getting projects financed - particularly in the battery minerals sector.





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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 29 2019, 08:44 PM
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In Reply To: nipper's post @ Oct 29 2019, 08:10 PM

Rinse and repeat biggrin.gif



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Oct 29 2019, 08:21 PM
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Posts: 9,138
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In Reply To: blacksheep's post @ Oct 29 2019, 07:59 PM

and Altech would slip off any sensible Watchlist, I presume

https://boards.sharecafe.com.au/index.php?s...c=16178&hl=



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 29 2019, 08:10 PM
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Posts: 9,138
Thanks: 2749


In Reply To: blacksheep's post @ Oct 29 2019, 07:59 PM

pig in a Poke?
At least Directors' fees will continue.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: blacksheep  
 


blacksheep
post Posted: Oct 29 2019, 07:59 PM
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In Reply To: blacksheep's post @ Oct 4 2019, 02:50 PM

U-turn complete - back to chasing gold - at least while the POG is high. Just how prospective are their assets? How long have they been exploring at Hill End in their prior life? Perhaps they are pinning hopes on a new gold acquisition. Who knows, TK might find something in Brazil (next door to MEI) he can sell to them CR to follow.

QUOTE
Pure Alumina Limited (ASX: PUA) has completed a review of the strategic direction of the
Company, as announced on 30 September 2019, and is pleased to advise the resulting change
in focus.

High Purity Alumina
While Pure Alumina remains convinced of the strong forecast demand for high purity alumina
from the adoption of LED lighting globally and coating on lithium batteries separators for
vehicles and energy storage, the challenge of raising the significant capital required to finance
a commercial high purity alumina operation has proved difficult in the current environment.


For this reason, the Company has elected to place the development of the Yendon high purity
alumina project on hold until market conditions improve or would consider alternative options
for the future of the Yendon assets. On 14 June 2018, Pure Alumina announced that the
Yendon HPA prefeasibility study had delivered robust technical and financial outcomes which
indicated a net present value of US$692 million (at 10% discount rate) and a forecast internal
rate of return of 34%.

Gold
Pure Alumina undertook a review of other major commodity markets and in order of
preference preferred the following commodities:
• Gold
• Copper
• Nickel
The attraction of the gold market is close to record high gold prices in Australian dollars and
the lack of an apparent supply response indicating that robust gold prices may be sustained in
the medium to long term outlook.

Combining the outlook for gold with the fact that Pure Alumina owns the highly prospective
Hill End gold project, it is logical that Pure Alumina has concluded that Gold is the Company’s
preferred commodity going forward
. Copper projects would also be considered should a
suitable opportunity present.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 4 2019, 02:50 PM
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In Reply To: blacksheep's post @ Aug 16 2019, 12:04 PM

Hard to follow this one.

Was a gold explorer - Hill End Gold (HEG) - 2017

Bought a high purity alumina (HPA) project from a company associated with Tolga Kumova (Midas Man) and Tom Eadie - shares take off and name changed to Pure Alumina (PUA) HPA demand is forecast to quadruple, thanks to EV's

Puts the HEG gold assets up for sale

Signs a binding agreement to acquire emerging HPA producer - Polar Sapphire - an unlisted Canadian company for AUD$27.3 mil - undertakes a AUD$30 mil CR. Agreement to acquire expired on 30/9/19. Looks like they struggled to get funding - extract from June Qrtly

QUOTE
The $30m capital raise was the major activity during the quarter. After agreeing
mandates with Patersons and Fraser McKenzie Merchant Capital, a global roadshow to
brief investors in Europe, North America and Australia was undertaken. There was
strong interest and positive feedback. Currently, follow up meetings, site visits by
investors to Polar’s HPA pilot plant and investor due diligence is underway. The capital
raise has been extended to capture those who were absent during the holiday periods in
the northern hemisphere and Australia.


PUA has now terminated the sale of it's old HEG gold project - since the sale process commenced gold is up more than 30%

PUA now doing a strategic review of both gold assets and the HPA project.

As at 30/6/19 PUA had $1.3mil in kitty

All of this commenced back in 2017. Two years to come full circle? https://stockhead.com.au/resources/investor...y-alumina-push/

Maybe we will see the other TK backed company (EUC currently in a TH pending announcement of an acquisition) pick up Polar Sapphire and the HPA assets? At least EUC has a bit of cash left in kitty. EUC is another battery minerals (cobalt) company that is looking for something else to keep investors happy since cobalt (like most other BM's) prices took a dive - although TK seems to be steering clear of BM's - visible gold seems t be the go to metal for him lately.



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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 16 2019, 12:04 PM
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Posts: 6,791
Thanks: 2307


In Reply To: blacksheep's post @ Aug 15 2019, 02:28 PM

QUOTE
HEG has had a name change - now PUA - PURE ALUMINA LIMITED


As expected received an ASX please explain - they know nothing. SP down 6.06% @ 3.1c



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 15 2019, 02:28 PM
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Posts: 6,791
Thanks: 2307


HEG has had a name change - now PUA - PURE ALUMINA LIMITED

SP up 34.62% @ 3.5c ON NO NEWS. No doubt will get a please explain shortly. Is it a leaky ship or do they need another top up? They did a "top up" during last quarter of $1.75 mil and were undertaking a $30 mil CR to fund the Polar acquisition and build the HPA plant

Cash in kitty at end June $1.3 mil. Estimated outflows this quarter $727k

QUOTE
The $30m capital raise was the major activity during the quarter. After agreeing
mandates with Patersons and Fraser McKenzie Merchant Capital, a global roadshow to
brief investors in Europe, North America and Australia was undertaken. There was
strong interest and positive feedback. Currently, follow up meetings, site visits by
investors to Polar’s HPA pilot plant and investor due diligence is underway. The capital
raise has been extended to capture those who were absent during the holiday periods in
the northern hemisphere and Australia.

Pure Alumina is preparing a notice of meeting and independent expert report on the
transaction to enable shareholders to consider and vote on the transaction once the
capital raise and other conditions precedent are satisfied. The notice of meeting will be
sent to shareholders once finalised and approved by the ASX.

Pure Alumina and Polar agreed to extend their acquisition agreement to 30 September
2019 to allow sufficient time to complete the transaction. However, PUA no longer has
exclusivity for the acquisition of Polar (see ASX Release of 24 July 2019).


Maybe they've sold their gold assets? Gold is hot ATM

Odd early trading
QUOTE
10:34am AEST 0.026 1,500
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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