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FRN, FRASER RANGE METALS GROUP LTD
ShareScene.com
post Posted: Feb 22 2013, 02:22 PM
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Company name updated -

From: AAQ HOLDINGS LIMITED (AAQ)
To: FRASER RANGE METALS GROUP LTD (FRN)

Regards,
ShareScene.com.au

 
tcisboss
post Posted: Oct 2 2012, 09:29 PM
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In Reply To: tcisboss's post @ Sep 28 2012, 02:03 PM

Got out at .08 think rentry around .04, lot of promise we shall see.

 
tcisboss
post Posted: Sep 28 2012, 02:03 PM
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In Reply To: tcisboss's post @ Sep 28 2012, 01:57 PM

Lucky to buy at .06 someone just wacked up a 20 mil buy at .06 and jumped to .007 with ask at .08

 
tcisboss
post Posted: Sep 28 2012, 01:57 PM
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Market cap of 2.5 mil ran up to 1 cent today, acquiring land in near sir. Back down to .o6 cents raised a little at 180g at .03 cents, why not more? Expecting to raise higher. A little nearology and drilling might move it up towards 2 cents it's only a 8 mil mc. Kind of interesting especially when you look at the board they have a pretty good track record with junior plays.

 
ShareScene.com
post Posted: May 11 2009, 10:46 AM
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Topic rename

From:
AUSTRALIS AQUACULTURE LIMITED (AAQ)

To:
AAQ HOLDINGS LIMITED (AAQ)

Thankyou
Sharescene.com

 
hungry
post Posted: Jan 16 2009, 12:49 PM
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And another one bites the dust. Into admin for lack of funding.
Expect to see quite a bit of this over 2009 imo.
Not a holder.

 


triage
post Posted: Jul 31 2008, 02:28 PM
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In reply to: noosaman on Thursday 31/07/08 01:47pm

Thanks for that noosa.

I am not sure whether the Money version of the Speculator is as potent as the old one but anyway a good read.

From what I can understand the greatest risk facing AAQ is its transition from being a top end producer of American grown barramundi to more of a bulk supplier of Vietnamese grown fish, including some barramundi. It seems the maths just did not add up for indoor tank growing in the US - from memory they had a facility to develop in Las Vegas that they gave up on. Now with inflation in Vietnam higher than 20% the maths for thier new focus may be rapidly souring also.

I reckon the big picture for aquaculture is stunningly good but I am just not yet convinced that AAQ has a sustainable business model. Happy for someone to convince me otherwise smile.gif . Also watching CSS and TGR in this sector.



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"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
noosaman
post Posted: Jul 31 2008, 01:47 PM
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In reply to: Wysiwyg on Thursday 17/05/07 07:13pm

It has been over a year since the last posting on AAQ.

This week the Speculator featured AAQ in Money mag which will raise a little interest and hopefully the share price - This is his report

Fish farmer unreasonably battered

Barramundi fish farmer Australis Aquaculture (AAQ.AX


AUSTRALIS AQUA31 July,200831/07/2008 13:41 Sydney, Australia.
Price Change % Change
0.260 +0.005 +1.960%

Company overview
Real-time quote
AAQ.AX , 0.260, +0.005, +1.960%) is set to deliver a maiden profit in 2008-09, four years after listing to develop fish farms in the USA and Vietnam.

Last week, the company delivered an up-beat investor presentation in Sydney and rose initially to 30c, before tumbling back to close at 26c on a week’s turnover of 488,000 shares after the National Bank’s shock provisions sent the market into turmoil. At the week’s closing price the company’s 88.75 million shares carry a market capitalisation of $23 million.

Australis has traded down from a 52-week high of 66c to as low as 24c in recent weeks. On fundamentals alone, the stock should be poised for significant recovery over the coming year.

As an unlisted company before 2004, its original backers had a decade of mixed results from experimenting with fish farming in Western Australia. The turnaround began with the 2004 float to acquire America’s largest indoor fish-producing facility at Turner Falls, 90 minutes west of Boston.

The initial plant purchase and an upgrade cost $4.4 million and delivered a target capacity of 700 tonnes a year. The plant was modified according to company-held patents to replicate the habitat of barramundi, a species then almost unknown to the American palate.

Fingerlings were flown in from three Australian hatcheries and by mid-2006 it had a growing inventory estimated at 140 tonnes totalling 900,000 fish and growing at the rate of 45 tonnes/month. (It takes 9 months to grow the fingerlings weighing 3gm to a fish with a harvest weight of 750-800gms.)

To develop a niche in America’s $50 billion/year seafood market, initial production was directed through up-market restaurants, followed by 400 supermarkets and trials in chain restaurants.

A cute marketing coup was scored at the White House in mid-2006 when President Bush hosted a dinner for visiting Australian Prime Minister John Howard. The main course was Australis’ barramundi.

A further plant expansion costing around $2.5 million to lift annual capacity to 1000 tonnes is approaching completion, albeit at a slower rate than expected a year ago. That has no doubt led to some smaller investors shedding stock.

Eclipsing that development, however, is the move begun a year ago to open a barramundi hatchery, nursery and grow-out facility in Vietnam with an ultimate capacity to produce 10,000 tonnes of fish a year. In June, 2008, the company was granted licences to develop such a facility on a 205-hectare site in central Vietnam.

Australis chairman Ian Mitton has predicted to shareholders that the new development when completed could add $US50 million a year to revenue. (Mitton, joined Australis as non-executive chairman in April, 2008, having previously been the founding managing-director of salmon farmer Tassel Ltd.)

Meanwhile, full year revenue for 2007-08 is expected to be around $5 million, rising on the company’s projection to between $US14 million and $US20 million in 2008-09. (The last quarter of the latest year saw revenue running at an annual rate of $US8 million).

On revenue projections for the current year, the company should deliver a maiden profit of between $1.3 to $2.3 million. At the higher rate, that equates to earnings of just 2.6c a share putting the stock on a multiple of ten times projected earnings.

While I cannot agree it is ultra cheap at this stage, if its team of qualified and experienced managers achieve their targets and achieve a trebling of revenue in the next three years, shareholders will be well rewarded.

It’s likely the company will need to raise between $6 million and $10 million to advance its expansion and to establish an initial infrastructure in Vietnam to support a 3500 tonnes/year operation. Then, hopefully, cashflow will contribute to further growth.

I picked up 10,000 shares at 26c in the route at the end of last week.



 
RADIO
post Posted: Jun 24 2008, 04:03 PM
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user posted image
Recent ShareScene.com Radio Broadcast (20/06/2008 12:00:00):
AAQ - Vietnam Investment Licence and Sea Leases Approved - Mr Josh Goldman, CEO

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.
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ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.
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RADIO
post Posted: May 13 2008, 11:00 AM
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user posted image
Recent ShareScene.com Radio Broadcast (07/05/2008 10:00:00):
AAQ - March 2008 Quarterly Report - Mr Josh Goldman, CEO

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.
-------------------------------------------------------------------------------------------------------------
ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.
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