Aim Res. Share Discussion Threads

[arja] 27/10/2008 13:22

control1,
best if they were made obsolete as the purpose they serve is to feather their nests at expense of investors . this ANTIQUATED system will never end unless a petition is organised to suggest their abolition and all investors or traders on UK market boycotted any stock with MM presence ! the petition would be sent to the LSE although they are in the pocket of the MMs !! Guess it will never happen but I live in hope !!

[control1] 27/10/2008 12:52

I thought that this was supposed to be the next great white hope....?

[alby220] 27/10/2008 09:41

why are people still buying here this morning,considering AIM R's problems Any ideas??? Considering the S.P in respect of what they were/and now they are nearly gone!!!

[hoggar] 27/10/2008 09:13

I'm afraid $30/t is far below the mark. The depth is far too deep to entertain any hopes of open-pit with these grades.
Mumbwa is certainly not looking commercial ( at any depth ) so far.

[vanbrussel] 27/10/2008 08:53

Good or Bad? Well it's not good at all
Total Cu strike length of 69m with average 0.51%
On a hole length of 270m gives us an average of 0.13%

0.13% or 2.86 lb/t at Cu $2/lb makes $5.72 ton
You need around $30 ton to exploit an open-pit

[sagem] 27/10/2008 08:32

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

[vanbrussel] 27/10/2008 08:15

27 october 2008

Results for drillhole S36-015
• 3 metres @ 0.30 % Cu between 129 and 132 metres.
• 10 metres @ 0.51 % Cu between 143 and 153 metres.
o including 3 metres @ 0.94 % Cu between 143 and 146 metres.
• 47 metres @ 0.47 % Cu; 0.03 g/t Au between 184 and 231 metres,
o including 6 metres @ 0.44 % Cu between 184 and 190 metres,
o and 7 metres @ 0.45 % Cu between 192 and 199 metres,
o and 2 metres @ 0.44 g/t Au between 199 and 201 metres,
o and 4 metres @ 0.52 % Cu between 201 and 205 metres,
o and 17 metres @ 0.58 % Cu between 208 and 225 metres,
o and 3 metres @ 0.85 % Cu between 228 and 231 metres.
• 9 metres @ 0.58 % Cu between 262 and 271 metres,
o including 2 metres @ 0.93 % Cu between 264 and 266 metres,
o and 2 metres @ 1.00 % Cu between 268 and 270 metres.

[control1] 24/10/2008 10:21

Cash is no good with what's to come, fiat currency and all that - despite the current price, gold is the only safe haven (see under)

[sagem] 24/10/2008 10:08

Well is their any hope for any one of us and I am not referring to AIMR...Things are so bad out their that Gold has now gone down to below $700 per ounce and this is considered a safe haven....everybody is selling anything which has some form of benefit CASH is wanted perhaps its all going under the mattress as a safe haven.
What does the future hold.....any ideas

[hoggar] 24/10/2008 09:21

I was a great supporter of this stock from listing. I thought the story of helping a poor country such as Burkina Faso bring in much needed foreign currency was a worthwhile investment. However it soon became apparent that executive decisions taken by Flory were badly flawed in particular his determination to ignore other development enterprises.

Investors should have taken notice when Flory decided to use company funds to finance his private investments. This practice is totally unethical but surprisingly investors brushed it to one side. I instantly reduced my holding by 50%.

I further reduced my holding when I learnt of Flory's remuneration package. This was further evidence that Flory was only in it for himself. This time major shareholders began to take notice.

Although market conditions have contributed to this companies decline, a great proportion of fault can be targeted at Flory.
I guess many investors will look forward to his court appearance

[control1] 24/10/2008 09:12

I have this many personally but a LOT more in my pension fund - amazing how much I have lost on this and one other in the space of 2 months. Hopefully the 2 remaining shares I hold personally will make up for these, we'll see.

I think I am just going to lock these away in the cupboard for 6 months and see if they are worth anything them. Hopefully, the worst of the panic will be over then and someone might actually be prepared to lend against the long term value of the stuff in the ground

[sagem] 24/10/2008 08:22

IS IT REALLY WORTH SELLING 50,000 SHARES YOU ONLY GET ABOUT £150 BUT IF YOU REALLY NEED THE MONEY THAT BECOMES A LOT I SUPPOSE.

[sagem] 24/10/2008 08:19

investors are still buying AIM Resources shares on the Australian stock market, so AIMR is very much in demand, although their were sells as well which is normal.

[control1] 23/10/2008 23:31

Institutional robbing has been been a mainstay of the MM's - about time their excesses are curbed,the practice of 15% spreads ended for good and "tree shakes" outlawed. Transparency needs to be brought in and MM's must justify their reasons for moving a price if it's not obvious.

My nerves are bad enough as it is...........

[lloyd j] 23/10/2008 22:00

Control1 - I also would join you in that room and glady teach themn tiefing sc*m a lesson for all their crooked greedy ways - surely something has to be done with the way they conduct themselves. I was taight that if I am a crook I will get locked up ... so why not the same with them ROBBERS??

[control1] 23/10/2008 21:27

Maybe a good opportunity for the new and improved FSA to investigate and punish their practices which will otherwise no doubt get more and more excessive now that they have to be a bit more careful about bonuses

[arja] 23/10/2008 20:35

i notice the crooked MM only giving half the price at which traded in OZ !!

[vanbrussel] 23/10/2008 19:48

AIM Resources to drop secondary listing on AIM

London, Proactiveinvestors (Thursday, October 23, 2008)

AIM Resources (LSE: AIMR) added its name to the growing list of small cap companies cutting their secondary listing on London's Alternative Investment Market ('AIM').

The company hasn't exactly had a great track record of late, and will not be missed by many. However, despite low liquidity in London, it does have "under 20%" of its shares held by European based investors, and for many of them, this was another blow.

AIM Resources originally completed a secondary listing on AIM in 2005 when it was seeking funding for a Bank Feasibility Study for the Perkoa Zinc Mine in Burkina Faso. The mine has yet to move into production however, and is currently on care & maintenance.

The Company said it would save around $175,000 per annum by dropping its AIM listing, and would keep its ASX listing.

"Whilst the Board believes that the proposed cancellation is in the shareholders' interest, it recognises that cancelling admission to trading on AIM will make it more difficult for those shareholders on the AIM register to buy and sell Ordinary Shares should they so wish," the company stated.

Shares in AIM Resources fell 56% to 0.325 pence, and are down over 90% from their 12 month high of 11.5 pence.

AIM Resources has two other projects, one exploring for copper-gold in Zambia, the other PGM's in South Africa.

[j4kes] 23/10/2008 19:13

I for one will be glad to see the back of the thiefing MM, the mark down today was only to get one last shilling on their part,

Could go on and say alot more, but hey I cant be bothered, time will tell here, just hope Mr flory gets his come upence v soon

[vanbrussel] 23/10/2008 16:43

Prunus spinosa Resources Limited?
What a name. Lol, reflects tha past more than tha future?

As for Mumbwa, too irregular and low in grades for Zambian context
Something for after 2020?
Average grade of 0.60% at $2/lb Cu = $27 ton!

?...Independent geological consultants reviewed the project and gave a very positive opinion about the project's potential. In its conclusion, the report said that the authors believe 'The project offers an exceptional opportunity to define and develop one of Africa's first important IOCG deposits."


As for after 2020: from an Equinox presentation, data from CRU Aug-08

[sagem] 23/10/2008 16:09

Control1 .. I thinK AIMR still has good potential in the long term, they still have what they had in the ground as far as Zinc is concerned. When these shares were about 17p they were not in the position with the mine as they are now....they did not even know that they had a zinc mine of very high quality.MUMBWA has huge potential and this has been proved by the last results. Dont give up on them, THE TROUBLE IS THE CREDIT CRUNCH NOT AIMR. When OZ comes on tonight we will see if the OZIES are selling I dont think they will be. We must also remember that the markets are all in trouble with a recession which seems to have been confirmed and this is effecting all stocks NOT just AIMR. AIMR HAVE GIVEN THE REASONS FOR DE-LISTING FROM AIM MARKET AND i FEEL THAT THEY ARE CORRECT IN DOING THIS SAVING MONEY.

Their's confidence for you somebody has just bought 500,000 shares