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AII, ABRA MINING LIMITED
ShareScene.com
post Posted: Aug 25 2011, 11:46 AM
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Delisted following the compulsory acquisition by Hunan Non Ferrous Metals Corp, Ltd on 04/08/2011.

Regards,
Share Scene Admin

 
Fitzy
post Posted: May 8 2008, 10:38 AM
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In reply to: denpal on Tuesday 04/12/07 11:50am

Hunnan NonFerrous Metals representatives (Chinese investors) must have flown into Perth this week by the look of the Share price. laughingsmiley.gif

 
Fitzy
post Posted: Apr 29 2008, 01:05 PM
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Up 22% today with a resource upgrade and visit from the Chinese in the next few weeks. (most recent announcement)

More to come here I think

 
Fitzy
post Posted: Apr 15 2008, 04:02 PM
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HUNAN NONFERROUS SATISFIED WITH DUE DILIGENCE
and
ABRA SECURES FURTHER FUNDING OF $3.4 MILLION
• $3.4 million placement to Hunan Nonferrous Metals Corporation Limited
• Increases Hunan’s shareholding to 17.8%
• Brings Abra’s cash position to $16.5 million
• Hunan satisfied with Abra due diligence
Abra Mining Limited (ASX:AII) (“Abra”) today announced that it has entered into a
Subscription Agreement to place 10,000,000 fully paid ordinary shares with Hunan
Nonferrous Metals Corporation Limited (“HNC”) at $0.34 per share to raise $3,400,000.
Abra Managing Director Jeff Moore said “Abra is in a strong position financially, which
is very important in this market.
“We see this placement and positive due diligence as a strong sign of confidence by
HNC both in our Company and the Abra deposit”.
HNC have advised that they will complete the placement by 17 April 2008. The funds
will be raised pursuant to the “Excluded Offer” provisions (Section 708) of the
Corporations Act 2001 and Listing Rule 7.1.
On completion of the placement Abra will have funds of $16.5 million.
This placement was originally contemplated as one of several key elements pursuant
to a “Letter of Intent” to enter into a Joint Venture with HNC over mining lease 52/776
which covers the 100% owned Abra lead-silver-(zinc)-copper-gold deposit located in
Western Australia’s Mid-West region (announced 4 December 2007).
Due to delays in HNC receiving the requisite approvals in China for completion of the
transaction, the original placement timetable agreed at a Meeting of Shareholders of
Abra on 10 December 2007 and the subsequent grant of a waiver from Listing Rule
14.7 by ASX which extended the timetable to 10 April 2008, could not be met.
Further to the Letter of Intent HNC has carried out detailed technical and legal due
diligence studies, commencing in January 2008.
HNC have now advised the Company that they are satisfied with their due diligence.
An HNC delegation led by their senior management is planning to visit Perth in early
May to meet with the Board to further the relationship between the parties.

 
denpal
post Posted: Dec 4 2007, 11:50 AM
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See today's ann. - Letter of Intent signed with Hunan to fund up to a 6mtpa plant etc. Very positive news.

 
shovel
post Posted: Dec 3 2007, 10:03 AM
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In reply to: Commander C on Saturday 24/11/07 08:13am

Chinese have just done a deal with next door neighbour ..



OTTAWA, Nov 30 (Reuters) - Ivernia Inc (IVW.TO: Quote, Profile, Research) said on Friday that Yunnan Metallurgical Group will buy at market terms about 50 percent of the annual forecast lead production from its Magellan mine in Australia.

The long-term, strategic arrangement, which will also see China's Yunnan invest C$22 million ($22 million) in Ivernia, comes as the Canadian miner tries to win government approval to resume lead shipments from Magellan.

The Magellan mine was shut by Ivernia in April after health officials halted lead exports from the Port of Esperance in Western Australia, following a large number of bird deaths from lead poisoning.

Ivernia hopes to resume shipments next year from Magellan, which accounts for 3 percent of the world's mined lead.

Shares in Ivernia rose as much as 10.5 percent on news of the deal with Yunnan, before edging back. At mid-session, the stock was up 5.6 percent, or 8 Canadian cents, at C$1.50.

Under a private placement, Yunnan will acquire 14.7 million Ivernia common shares at C$1.50 each in its first overseas investment. Yunnan Chairman Chen Zhi will join Ivernia's board.

"The financing was done at the current share price and will help provide Ivernia with working capital as it works toward resuming lead shipments from the Magellan mine," BMO analyst Craig Miller said in a note.

The two companies will also evaluate new base metal opportunities for joint investment, and exchange technical expertise on Magellan and other projects.

Under an international growth plan, Yunnan proposes investing more than US$1.5 billion in natural resources over the next five years, Ivernia said. Based in the Yunnan province of China, the company's annual refined production capacities total 400,000 tonnes of aluminum, 180,000 tonnes of zinc and 110,000 tonnes of lead.

"This development provides a strong platform for a presence by Ivernia in the world's fastest growing economic region and opens up a wide range of growth opportunities throughout Australia and Asia and potentially beyond," said Ivernia Chief Executive Alan De'ath in a statement.


 


Commander C
post Posted: Nov 24 2007, 08:13 AM
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In reply to: denpal on Tuesday 20/11/07 11:31am

Just read through AGM presentation now, gosh it does look a professional operation.

 
denpal
post Posted: Nov 20 2007, 11:31 AM
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My only share that is up today on a very poor day for resources, volume looks very good too.

 
denpal
post Posted: Nov 19 2007, 01:20 PM
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In reply to: shovel on Monday 19/11/07 01:19pm

Not many would be aware of this, its been great so far for me!

biggrin.gif

 
shovel
post Posted: Nov 19 2007, 01:19 PM
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45 now + 12.5% already, BREAKOUT ? and only 12 sellers with 288,787 shares left. lol

 
 


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