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AIMR Aim Res.

3.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aim Res. LSE:AIMR London Ordinary Share AU0000AIMAZ6 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.25 GBX

Aim Res. (AIMR) Latest News

Real-Time news about Aim Res. (London Stock Exchange): 0 recent articles

Aim Res. (AIMR) Discussions and Chat

Aim Res. Forums and Chat

Date Time Title Posts
01/3/201221:03Blackthorn Resources3
01/3/201205:38AIMR up 1034% today!!!! so far38
01/3/201205:10Aim Resources6
08/12/200813:20aim Resources1,707
02/12/200810:14AIMR -- ZINC - Fully Financed Pre-Production2,345

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Aim Res. (AIMR) Top Chat Posts

Top Posts
Posted at 27/3/2010 07:44 by a2336418
Hi.....the consolidation was actioned in Nov 2008 following the AGM..... the statement of holdings in BTR was dated Feb 2009. Computershare took over the security register again in Oct 2009 so you should now be able to sell your holding in this country again.

As I understand the situation every 1000 shares you held in LSE:AIMR have now become 100 shares in ASX:BTR and at A$1 would be worth half what AIMR were worth at 13p. I stand to be corrected.

My other nickname....neo!!!
Posted at 17/1/2010 22:49 by serpicouk
j4kes (or anyone else) - when was this 10:1 consolidation?

I've not been following this since its unceremonious exit from aim. I received a shares cert dated ~02/2009...is this out of date (wrong number of shares)? How does one go about getting a new share cert for splits or consolidations (kind a thought the company would issue me a new ones)? I don't normally use them.

If the value on my share cert is the right number of shares then these have certainly turned a corner and are doing very well indeed. I might have to start following them gain. If its 1/10 that value then I still can't get excited about the recent rise (AU $0.97).
Posted at 04/12/2009 20:10 by j4kes
Hi all. Move your stock over to TD Waterhouse. You can trade them online their. They are currently 78/79 cents. You realise they had a 1 for 10 reverse split back along. Stick with it imho they are good for $4 min.. ps A long term holder from AIMR days
Posted at 03/12/2009 23:37 by wayne_130
Hi, can anyone help. I am an old AIMR resources holder who to be frank forgot I had the holding.
I can't view these view my stock broker any more as they've moved to BTR in AUS.
I hold 6949 BTR shares, which came through on a paper statement. How much are these shares worth in £sterling, also how would I go about selling these shares or are they worth holding?
I know this message board is dead now but hope someone out there can help!!!
Posted at 23/11/2009 20:52 by peggie c garnish
Now at AUD 0.81 on reasonable volumes. Are there any other holders from the AIMR days still tracking these now as BTR in Aus??

arja - are you still a holder or sold out ??
Posted at 27/10/2008 08:32 by sagem
ARE THESE RESULTS GOOD OR BAD ....I see AIMR share price had dropped this morning, is the market or the results....any suggestions as the results appear all mumbo jumbo to me
Posted at 06/10/2008 08:25 by sagem
boxtie ......

The share price will be all very different when they confirm that the have funding available. The credit crunch will soon be better and AIM Resources share price which is very undervalued for all the reasons that we know i.e world wide credit problems. AIM has the minerals which we know are in the ground....this is a lot more comfort than a company that is still exploring and their are many just like that with a higher share price than AIM RESOURCES. Any comments on my thoughts anybody out their
and sagem, bless him is the eternal optimist AND I HOPE TO STAY THAT WAY.
Posted at 27/4/2008 16:36 by dcroston
Hoggar,

The world will still need Zinc when all said and done and like I stressed in my previous post, AIMR have high grade zinc which should allow them to still operate at depressed prices in 2009, thats assuming prices do fall (which you pointed out not that long ago would be in favour of AIMR). Furthermore, once our mine is built We'll have the capacity to produce lots of it quickly.

There are two sides to this story Hoggar and it wasnt that long ago that you had a more positive stance but I take your post on board but tend not to agree with it.

In my opinion, if AIMR produce a fully working Zinc Mine then the share price will reflect this currently the share price is priced in that AIMR will not being able to achieve that goal. As you can probably tell from my recent posts I am much more optimistic that they will achieve a working mine(In only a few months they will be lifting ore). There are still a lot of ifs and buts yet though and a lot could happen from now until Q2 2009 when we finally start shipping zinc concentrate to the smelters.

DC
Posted at 27/3/2008 18:28 by serpicouk
Interesting one this - A few open questions:

Have management been poor up until now?

Does most of the share price reside as cash in the bank?
Have capital costs risen across the whole mining sector?
Have AIMR upped their planned production capacity?
Are AIMR actively exploring to enlarge existing resource?
Have they released a more transparent timetable of events going forward?
Have they made some progress towards developing their concession during 2007?
Have AIMR ordered the main processing plant components?

Do AIMR expect the revised IQP report to materially change the financials of the project?

If they get into production (even with hefty equity dilution) by Q209 where will the share price be?

What skeletons are in the AIMR cupboard?
Posted at 28/1/2008 23:37 by dcroston
Question: What is going to move this share price up?

I think probably the best way to answer this question is to ask what has caused the share price to drop.

Well the way I see it, there are a number of reasons for the falling share price (In no particular order).

1. Perkoa mine development not fully funded.
In October 2006, AIM Resources announced it was at an advanced stage in finalising a US$145m funding package for the development of Perkoa. This consisted of US$90m debt facility. US$35m in convertible loan notes and US$20m share placement. Operating costs have increased substantially since the initial estimated US145m funding package and AIM still requires a further $A50m approx to fund the development of the mine which AIM had planned to raise by way of A$50m convertible debentures offering on the ASX/AIM markets but this and the listing on the TSX has since been withdrawn due to material errors found in an Independent Persons Report.

Due to turbulent markets caused by sub-prime debacle further doubts are cast over whether or not the company can complete the funding required to get Perkoa into production.

The big question is how will they raise approx A$50m. It could look to raise the money on the TSX. AIM could look to take on a partner to raise the funds or may even decide to go back to the banks as it was reported that initial US$90m debt facility taken up with Standard Bank PLC, there was more than a few suitors. I recall in one of MF's interviews with boardroom radio dated 18th Sept 2007 that he stated there was enough funding for 9 months and that means enough money to get them to approx June 2008.

The Independent Persons Report will be completed end of January so we should find out soon how the company proposes to raise this money. IMHO, they will have no problems raising the funds.

2. Management failing to hit Perkoa production target on more than one occasion.
Initially, management targeted Perkoa for production in Q2 of 2007 after AIM announced that they would adopt a new mining method. They missed this target and then confidently targeted production for their original date of early 2008 and missed that as well. Production of course is now targeted for January 2009 with quite a big question mark. This is IMHO the reason why NS have acted the way they have (court date is scheduled 20th Feb). They have lost confidence in the management to deliver on time and things aren't moving fast enough for their liking.

But as was stated in the recent AGM on 28th Nov 2007, AIM are still on track to complete the mine in 4 years, which is no mean feat considering a project like this normally takes 7 years.

3. Off-take agreements not yet signed.
It looks like management has done a really good job here. However, Management has yet to complete off-take agreements with Xstrata and Boliden to ship 70,000. Both companies have signed a letter of intent and are expected to sign binding agreements in the next couple of months according to MF who is on record as saying that there are no issues. On the plus side, Votorantim have agreed a 5 year contract for 45,000 tons of concentrate each year. If Aim get the off-take agreement signed with Xstrata and Boliden then that would guaranteed sales of 115,000 tons of zinc concentrate per year from a total of 132,000 tons expected to be produced each year, leaving the remaining 17,000 to be sold on the open market. Unsurprisingly, MF also stated in the AGM that the 53% zinc concentrate was very much in demand by other companies.

4. Delayed assay results.
No news yet on the 2400 Metre drilling program completed early September. Of the 9 holes that were drilled, 2 of the holes showed visible sulphides in them.

5. Greedy management.
Helping themselves to performance related bonuses, which currently doesn't reflect the performance in the share price makes shareholders unhappy. :o(


Of course there are other reasons for the falling share price. The falling zinc prices and increased energy costs have obviously been a factor. I actually think that the falling zinc price and higher energy costs could strengthen AIM's position, making AIM's high grade Zinc more appealing to smelters and the reverse affect being that the majority of zinc producers who mine low grade zinc become less appealing to smelters with higher operating costs forcing some zinc producers out of business.

The recent flood devastation in Burkina Faso and neighboring countries that has made thousands homeless and without food demonstrates the delicate balance of this country and the risk involved in investing in African countries, generally.

So, what is going to move this share price up? In the short-term, a good set of assay results or the finalization of contracts with off-take partners would certainly give the share price a lift. A good update on mine progress would also help, perhaps confirming that they are on track to start stockpiling ore around April/May time and some news on how the water pipeline is progressing and the build of the plant in SA.

Raising the required capital expenditure will potentially see the share price double overnight.

And what's going to move the share price up to levels never seen before? Well, I expect delivery of a fully operational Perkoa zinc mine that's producing zinc by early 2009 would see it shoot up considerably.

I think this share is potentially very under-valued and I estimate a fair value for this share with funding in place, all managerial controversy with NS sorted out and with good progress on mine development, a minimum of 18-20 pence.

If this share price starts to recover like I expect it will eventually, then perhaps none of us will be that bothered that management reward themselves exuberant bonuses (at least not quite as much) then hopefully we can all start reaping the rewards of the 4th richest zinc deposit on the planet and AIM Resources can achieve its potential in becoming one of the top five zinc producers in Australia.

As always DYOR.
Aim Res. share price data is direct from the London Stock Exchange

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