ASQ - Australian Silica Quartz Group
- Thread starter Lucky_Country
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skc
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do we have 31 million band together in ASF...
it has 45m cash 7m worth of properties and plants
the whole market cap is 31m
we buy it up and split the cash that is a cool 30%
That won't work...The directors won't sell to you at current price. They will sell at NTA plus project value.
I held this for some time on this notion but gave up eventually.
Re: BAU - Bauxite Resources *52 week high's.. with $27M cash in bank!
Has $27M cash in bank with $0 debt hinted 'looking for opportunities both in and out of the mining sector' (sp cash backing at around 0.135c) Perhaps another capital return maybe during 2016/17?
Bullish uptrending chart that nudged fresh 52 week high's of 0.105c earlier today... 'the trend is your friend'
---20/04/16 Completion of Yankuang Transaction with Sale of Fortuna-BAU
---05/04/16 Director Robert Nash buy's more BAU shares (on-market)
Please dyor as always
Cheers tela
Has $27M cash in bank with $0 debt hinted 'looking for opportunities both in and out of the mining sector' (sp cash backing at around 0.135c) Perhaps another capital return maybe during 2016/17?
Bullish uptrending chart that nudged fresh 52 week high's of 0.105c earlier today... 'the trend is your friend'
---20/04/16 Completion of Yankuang Transaction with Sale of Fortuna-BAU
---05/04/16 Director Robert Nash buy's more BAU shares (on-market)
Please dyor as always
Cheers tela
From 28/01/16 quarterly report.. following completion of the Yankuang transaction on 21 January 2016, the company received net proceeds of $6M (increasing cash funds to $27.1M), and the number of shares on issue were reduced from 234,002,336 to 214,302,336.
Future Operations:
The Board is now focussed on identifying new opportunities both within and outside the mining industry and will undertake reviews of new projects in the coming months.
The Company's current cash burn rate is in the process of being reduced significantly, and the revised budgeted cost of operations will be expected to reduce to less than $350k/quarter (before any interest receipts) and all surplus assets will be reviewed and rationalised in an orderly manner as markets allow for reasonable prices to be achieved.
The Board will continue to manage the Company in the best manner in which to maximise returns to shareholders and these may include various capital management initiatives.
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Based on 214,302,336 issued equity shares the market capitalisation is $A21.2 million. The top twenty shareholders hold 62.3% of the issued capital leaving a float of 37.7%.
In the last 3 months the stock has hit a new 52-week high seven times, pointing to a significant uptrend.
• Its Moving Average Convergence Divergence indicators are rising, with its 12-day higher than its 26-day.
• • The price to 200-day MAP (moving average price) ratio is 1.21, a bullish indicator.
The stock traded at a 21-month high of 10.50c yesterday.
Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal.
RSI (14) is currently 65.4 and rising along with the MACD (12,26,9)
The Q Ratio, defined by James Tobin as MCap divided by Total Assets, is 0.8. Compared with the rest of the market BAU is undervalued.
next Quarterly report scheduled 28/04/16
Please DYOR as always
Cheers tela
Future Operations:
The Board is now focussed on identifying new opportunities both within and outside the mining industry and will undertake reviews of new projects in the coming months.
The Company's current cash burn rate is in the process of being reduced significantly, and the revised budgeted cost of operations will be expected to reduce to less than $350k/quarter (before any interest receipts) and all surplus assets will be reviewed and rationalised in an orderly manner as markets allow for reasonable prices to be achieved.
The Board will continue to manage the Company in the best manner in which to maximise returns to shareholders and these may include various capital management initiatives.
---------------------------
Based on 214,302,336 issued equity shares the market capitalisation is $A21.2 million. The top twenty shareholders hold 62.3% of the issued capital leaving a float of 37.7%.
In the last 3 months the stock has hit a new 52-week high seven times, pointing to a significant uptrend.
• Its Moving Average Convergence Divergence indicators are rising, with its 12-day higher than its 26-day.
• • The price to 200-day MAP (moving average price) ratio is 1.21, a bullish indicator.
The stock traded at a 21-month high of 10.50c yesterday.
Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal.
RSI (14) is currently 65.4 and rising along with the MACD (12,26,9)
The Q Ratio, defined by James Tobin as MCap divided by Total Assets, is 0.8. Compared with the rest of the market BAU is undervalued.
next Quarterly report scheduled 28/04/16
Please DYOR as always
Cheers tela
28/04/16 Quarterly: BAU is in a strong financial position with significant cash reserves and no debt. As at 31 March 2016 the Company held AU$27.3 million in cash.
Future Operations:
The Board is now focussed on identifying new oportunities both within and outside the mining industry and is undertaking reviews of new projects.
The Company’s current cash burn rate has been reduced significantly, and it is expected to maintain these levels in the near term with surplus assets continuing to be reviewed and rationalised in an orderly manner as markets allow for reasonable prices to be achieved.
The Board will continue to manage the Company in the best manner in which to maximise returns to shareholders and these may include various capital management initiatives.
Cheers tela
Future Operations:
The Board is now focussed on identifying new oportunities both within and outside the mining industry and is undertaking reviews of new projects.
The Company’s current cash burn rate has been reduced significantly, and it is expected to maintain these levels in the near term with surplus assets continuing to be reviewed and rationalised in an orderly manner as markets allow for reasonable prices to be achieved.
The Board will continue to manage the Company in the best manner in which to maximise returns to shareholders and these may include various capital management initiatives.
Cheers tela
Still trading quite a bit below cash backing (with nta around 0.135c).. and having $27M cash! - would be good if they looked into picking up a positive cash flow acquisition to add/enhance further value for shareholder's imo
Hopefully, we may soon find out......... Cheers tela
galumay
learner
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I suspect NTA is extrmely misleading with BAU! Not much in the way of realisable assets there.
Re: BAU - Bauxite Resources * 5c (per share) capital return to holder's !!!
Proposed 5c (per share) capital return to holder's !!!
29/04/16 Bauxite Resources Limited (BAU) is pleased to announce that the Board has resolved to approve a 5 cent (per share) capital return, subject to shareholders approval.
Following the successful conclusion of the sale of BRL’s interest in the BAJV to its Chinese joint venture partner Yankuang, BRL holds surplus cash to its expected future funding requirements, and the return of capital will, if approved by shareholders, be made prior to the end of the financial year.
The current cash reserves of the Company are in excess of $27.3m, and the proposed capital return of 5 cents per share will result in approximately $10.7m being returned to shareholders, leaving the Company with $16.6m cash retained, no debt and other substantial assets.
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Have alluded about this scenario coming to fruition during this past week....... well done BAU.
Cheers tela
Proposed 5c (per share) capital return to holder's !!!
29/04/16 Bauxite Resources Limited (BAU) is pleased to announce that the Board has resolved to approve a 5 cent (per share) capital return, subject to shareholders approval.
Following the successful conclusion of the sale of BRL’s interest in the BAJV to its Chinese joint venture partner Yankuang, BRL holds surplus cash to its expected future funding requirements, and the return of capital will, if approved by shareholders, be made prior to the end of the financial year.
The current cash reserves of the Company are in excess of $27.3m, and the proposed capital return of 5 cents per share will result in approximately $10.7m being returned to shareholders, leaving the Company with $16.6m cash retained, no debt and other substantial assets.
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Have alluded about this scenario coming to fruition during this past week....... well done BAU.
Cheers tela
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On November 21st, 2019, Bauxite Resources Limited (BAU) changed its name and ASX code to Australian Silica Quartz Group Limited (ASQ).
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ASQ has a 50% share of half the sovereign project, along strike I suppose you could put it, of the Chalice (CHN) holdings in the 'Julimar Complex'. Someone (a professional trader) is saying we should buy ASQ because it is cheap cf the market cap of DEV which has 3/4 of the Sovereign project but ASQ has a lot less meat on the bone after this chart? Not buying this chart myself anyway. Good signs but mostly nearology so far is my vibe. Someone wanting a stake in the province might care to to spend more time on it.
Daily
Daily
Dona Ferentes
A little bit OC⚡DC
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and back to sub 10c almost as quickly as it got away.
updating from the Quarterly
:
- DevEx completed followup aircore drilling on the Sovereign magnetic complex (assays pending)
- Albany White Hill Silica Sand Project - Scoping Study looking at exports of 0.5 - 1.0 million tonnes per annum is progressing with assessment of metallurgy, infrastructure requirements, approvals timing, and product market conditions
- JORC Inferred Resource 11.6Mt with >99.9% SiO2 and <50 ppm Fe203
- Silica sand offtake enquiries remain extremely strong, current unusually high international sea freight rates are impacting buyers ability to source bulk products from Western Australia
Cash at bank at 30 June 2021 was $5.83m. The Company has no debt .
.
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Randomly stumbled over this one while looking for a similar ticker.
Weekly chart.
SP is slightly rising on the daily, pithy volumes though. An unknown, but might push through above 10 cent area?
If they are actually producing silica, might be worth a delve into current FA ?
Weekly chart.
SP is slightly rising on the daily, pithy volumes though. An unknown, but might push through above 10 cent area?
If they are actually producing silica, might be worth a delve into current FA ?
Good morning
No posts since 05/04/22.
25% SP gain on Friday (01/11/24)
2.5 quarters of funding in the piggy bank as at 30 September 2024. Also at this time the Company reported it had 1,139 shareholders and 281,660,377 fully paid ordinary shares on issue with the top 20 shareholders holding 63% of the total issued capital.
Intersections gold not flash. Good shallow high-grade gold at Wishbone, as per attached announcement ......... but for mine, whilst grade is important it must be used in conjunction with the thickness of the gold intersection that is displayed in the "core" of the drill hole. .... in isolation, is a nothing intersection.
Some reading needed to get head around this baby also re: bauxite and lithium mineral deposits.
Weekly chart
Not holding
Kind regards
rcw1
No posts since 05/04/22.
25% SP gain on Friday (01/11/24)
2.5 quarters of funding in the piggy bank as at 30 September 2024. Also at this time the Company reported it had 1,139 shareholders and 281,660,377 fully paid ordinary shares on issue with the top 20 shareholders holding 63% of the total issued capital.
Intersections gold not flash. Good shallow high-grade gold at Wishbone, as per attached announcement ......... but for mine, whilst grade is important it must be used in conjunction with the thickness of the gold intersection that is displayed in the "core" of the drill hole. .... in isolation, is a nothing intersection.
Some reading needed to get head around this baby also re: bauxite and lithium mineral deposits.
Weekly chart
Not holding
Kind regards
rcw1
