ASQ - Australian Silica Quartz Group

[lioness]

They will expire in 3 years time, you can find it in the Shareholder letter and Notice of EGM/Proxy Form.

If they expire in 3 years time Earth, what is the rush to get them over 40 now??

 

[earthgas]

40c is my technical break out point. The option price can provide us a pretty good indicator for the risk, which is very limited imo

 

[ROE]

I trade this one on occassion, I made a bit of money in the past...

After Iron ore and Coal, Bauxite is next...

I'm in 100K shares

 

[keitsuke]

Finally some action today after the pull back from mid Feb. Hopefully it's the start of a run to 40c.

 

[kingkev]

can't put my finger on this one. Fluctuates a fair bit but looks like some support at around the 23c mark

Also waiting for the forward march

 

[hatemondays]

I've held these for approx 2 yrs and believe they are a definite winner. I have , however been extremely frustrated the last 12 months or so, with their stagnancy. I hope they get their decision on the environmental review sooner rather than later. Their recent market announcements otherwise have been very positive.

 

[ROE]

I've held these for approx 2 yrs and believe they are a definite winner. I have , however been extremely frustrated the last 12 months or so, with their stagnancy. I hope they get their decision on the environmental review sooner rather than later. Their recent market announcements otherwise have been very positive.

This is the only ming stock I speculate I join not long ago
Data and fundamental do stack up for this one...

I'm patiently waiting

 

[mr. jeff]

I've held these for approx 2 yrs and believe they are a definite winner. I have , however been extremely frustrated the last 12 months or so, with their stagnancy. I hope they get their decision on the environmental review sooner rather than later. Their recent market announcements otherwise have been very positive.

ummmm.....



Condolences with that, hatemondays. Imagine if you took the 5 bagger at its peak, then bought in now and rode it back there. 25 bagger.

They have definitely become more mentioned in the media in the last couple of months.... will investigate. A well known trading newsletter very recently implied that aluminium could be in for a move this year, but like an elbow....

 

[kingkev]

Fundamentals look Ok with this bunch and bauxite is supposedly on the up so decided to get in................only small time but will surely watch this

 

[hatemondays]

Their fundamentals have always looked great, to those of you who have gotten in on these lows, I wish all the very best. It means I also do well hehehe. Yes, if I timed my exit at highs and got back in at lows I could have converted my investment inot a 25 bagger. I am not a trader though. I have a few selected people in life who I listen to when they speak and I like to research the companies we discuss. When one such as BRL comes along, I invest to hold and hopefully ride the ups and downs until they break out and have a Fortescue like run. I live in hope and yes very emotionally attached to a select few stocks like BRL. My holdings are small, it's as my current financial circumstances will allow. Here's hoping. Technicals and candle charts do very little for me .....primarily because I don't understand them. So my gut will have to do, as ulcerated as it is at this time

 

[kingkev]

Why no JORC announcements yet. These guys have done heaps of drilling and also some sample shipments

any ideas?

Does that mean that drilling to shallow in order to announce any jorc?

 

[kingkev]

And still the SP keeps heading South. Any ideas as to why?

 

[mr. jeff]

And still the SP keeps heading South. Any ideas as to why?

Seem to be a lot of people loving the ORD stock right now...much more sexy if you like the chances! Maybe this has drained the interest temporarily!

 

[Julia1979]

hmmmmm....Appendix 3Y - Scott Donaldson purchase of 250000 shares

just a small hint of insider action. And still I don't lose that feeling that something is in the bushes ready to pop out.

Cash, JVs, all in place. If our Darling is getting dressed up again, BAU sp will explode IMO

Just can't afford to be not invested here.

Regards
Julia

 

[springhill]

NEW BAUXITE RESOURCE AT WILLIAMS PROJECT, WESTERN AUSTRALIA
Key Points:
• New Ceres Bauxite Resource 15.0 Mt @ 40.9% Al2O3 (total), 31.7% Al2O3 (available), 3.0% SiO2 (reactive) (Table 1)
• Total Bauxite Resource base increased by 12% to 139.5 Mt @ 40.1% Al2O3 (total), 30.4% Al2O3 (available), 2.7% SiO2 (reactive)
• Ceres Resource has encouraging available alumina to reactive silica ratios, considered a desirable characteristic for alumina refining
• New Resource is close to existing highway and heavy rail infrastructure, on large privately owned and predominantly cleared farmland
• Further exploration activity planned for 2012

SUBSTANTIAL NEW BAUXITE RESOURCE OF 73 MILLION TONNES AT FELICITAS PROJECT, DARLING RANGE WESTERN AUSTRALIA
Key Points:
• Substantial new Felicitas Bauxite Resource - 73.3Mt @ 39.2% Al2O3 (total), 30.3% Al2O3 (available), 1.9% SiO2 (reactive)
• 143% increase to the total BRL Bauxite Resource base to - 124.5Mt @ 40.0% Al2O3 (total), 30.2% Al2O3 (available), 2.7% SiO2 (reactive)
• Resource has high available alumina to reactive silica ratios, considered a desirable characteristic for alumina refining
• Significant bauxite horizons between 2m to 16m thick, typical overburden between 0.5m to 2m
• Good resource road access, within 5km of existing heavy rail infrastructure being 100km to Kwinana Port
• Resource is on large privately owned and predominantly cleared farmland in an existing quarrying area
• Further resource and metallurgical drilling planned for 2012 with potential for resource increase


NEW CERES BAUXITE DEPOSIT SIGNIFICANT BAUXITE EXPLORATION RESULTS
Key Points:
 Preliminary assay data from Ceres Prospect suggests potential for a significant resource.
 Bauxite horizon encountered over a 3,500Ha area and up to 8m in thickness.
 Thin overburden cover of less than 2m throughout majority of the mineralisation area.
 Low reactive silica with favourable available alumina to reactive silica ratios.
 JORC bauxite resource estimate expected in June quarter of 2012.
 The majority of the tenement area in the region is untested for bauxite

 

[Knobby22]

I'm back in after a long hiatus at 12c. Doesn't seem to be much downside and a lot of (possible) upside. Very lucky to get my order filled before it spiked with the announcement of the new CEO.

 

[JTLP]

I'm back in after a long hiatus at 12c. Doesn't seem to be much downside and a lot of (possible) upside. Very lucky to get my order filled before it spiked with the announcement of the new CEO.

Do you know what their cash backing is? I seem to remember it was something crazy and a while ago just cash valued the company @ 20cents?

 

[Country Lad]

Do you know what their cash backing is? I seem to remember it was something crazy and a while ago just cash valued the company @ 20cents?

Cash backing is 19 cents per share
Asset backing about 23 cents per share

Cheers
Country Lad

 

[galumay]

Not sure what the mineralisation of bauxite is in the mined resources in WA, but the figures quoted for BAU's resources are very poor compared to NT/QLD bauxite which is typically 47-52% Alumina. I wonder how much of their resource would actually be economic unless Alumina prices increased greatly.

I dont know the answer, but I sure as hell would be finding out before I took a punt on them!

EDIT - I did some more research and it seems that there are compensating factors for the low Alumina %, these factors do make the Darling Ranges bauxite reserves economic to refine.

 

[JTLP]

Cash backing is 19 cents per share
Asset backing about 23 cents per share

Cheers
Country Lad

Thank you!

On that alone you could believe that there is scope for at least a rise to 19 cents...but it's a strange old market for resources atm...