Aim Res. Share Discussion Threads

[control1] 31/10/2008 20:34

Interesting, VERY interesting......

[sagem] 31/10/2008 16:03

well 1 million share just bought by somebody who is very confident and rightly so,
their is more to this company than we ever thought

[sagem] 31/10/2008 13:37

Your broker can sell them for you any time when they are listed on the OZ market
just the same as selling here

[regandjess] 31/10/2008 09:04

If this company is leaving the AIM market will it be easy to sell the shares people are buying?, if not why are they buying.?????????

[sagem] 31/10/2008 07:47

hoggar ...Well I rather that than the share price to keep going down. Tnheir is still a lot of mileage in this company which is totally UNDERVALUED at present.

[hoggar] 30/10/2008 18:44

Some encouragement here for you sagem, but I do recall the aussies pumped this stock up on two sessions over the summer only to short almost immediately.

[arja] 30/10/2008 14:34

hi sagem,
bit of volume on buy side at close which hopefully means AIM may recover a bit .
7 1350000 0.011
13 3594076 0.010
4 238000 0.009
2 330000 0.008
3 271500 0.007
2 1750166 0.006
4 7470000 0.005
1 125000 0.004
1 167000 0.003
5 8000000 0.001


#
1
2
3
4
5
6
7
8
9
10

Sellers
Price Quantity Number
0.013 536400 3
0.014 360000 1
0.015 719050 4
0.016 150000 1
0.017 416900 5
0.018 385000 2
0.019 150647 1
0.020 405745 2
0.022 195000 1
0.024 100000 1

Last 10 Trades
Time Price Quantity
No Tr

[control1] 30/10/2008 12:56

This one is very far from dead if the directors are not stupid about it and it seems like a few might have come to realise this

I still have faith in Scott Lowe to pull this out of the fire and so it would appear, do the major shareholders as I don't see any major selling going on or anyone heading for the exits now that the share price has picked up a bit apart from the few frightened by a some of the old cynics on here (e.g. vanbrussels) and the MM's trying to bag a few on the cheap

Blimey, just realised that I am beginning to sound like a ramper but the problem is, I'm not getting paid for it!!! - anyone....

I won't begrudge Mr Lowe a penny (or cent) of whatever he pays himself if he does manage to get this back on the rails again although to an extent, this is somewhat out of his hands

[sagem] 30/10/2008 10:37

We are up over 26% so plenty mileage in this company...is confidence returning

[control1] 30/10/2008 09:03

This is very common to all junior miners at the moment, I have a few of these. Try GFM - no debt, $80m plus in the bank making shares worth about 27p, last week they were down to 14p!

[sagem] 30/10/2008 07:39

well their you are AIM RESOURCES up 20% in Australia overnight...they sure have plenty confidence and so should we.

No wonder they are buying in OZ :-

After all the lead contracts are paid out, AIM will have around $AUD 25m in the bank, yet its current market cap is $AUD 12.8m

ANY SUGGESTIONS ?

[control1] 29/10/2008 18:08

There is enough cash in the bank to sit through this current crisis/panic - I think that AIM will survive long enough for Perkoa to come back into play when certain individuals realise that the China "slowdown" is massively overdone and how silly they have been

On the other hand, if the directors bleed it dry, then the above scenario could apply so they must not be allowed to do this - I've been on hotcopper and this opinion appears to be pretty much universal

[hoggar] 29/10/2008 17:47

Sagem : Sooner or later you must realise that the Perkoa project is now dead in its present form.

The company is only funding $30,000 per month to maintain plant and services in the hope they can secure a buyer before allocated funds dry up. Eventually the company will be forced to accept bids for asset stripping in the hope they can recover some capital.

The various Perkoa exploitation licences held by Aimr may have to be surrendered if a buyer cannot be found soon.

[sagem] 29/10/2008 16:19

Does anybody have any hope for this company or have you all given up....I still feel that their is still some mileage left in the company as a result of the high quality Zinc still in the ground....one day that Zinc will be worth a lot of cash.

[vanbrussel] 29/10/2008 12:45

The only one alive are you Sagem,
Perkoa Zinc is of course an excellent project, question is who will be the owner of that project next decade when zinc prices will go up

[sagem] 29/10/2008 10:26

WELL ITS NICE TO SEE SOMETHING IS HAPPENING AND THE COMPANY IS STILL ALIVE.......
PERHAPS THE PROSPECTS FOR THIS COMPANY IS STILL GOOD

[vanbrussel] 29/10/2008 09:22

Mumbwa Phase 3 - 2008 Drilling Program

On 15 September 2008, the Company announced that it had achieved its drilling target of 8,000 metres under the Phase 3 drilling program of the Mumbwa JV venture.

The 8,000 metres of drilling under the Phase 3 drill program entailed 18 cored holes, and sampling and analysis of these holes is currently being processed.

To date the Company has received and announced drilling results for six holes (S36-007, S36-009, S36-010, S36-014, S36-015 and S36-016). Details of these drill results are available on the Company's website www.aimresources.com.au

-------------------------------------------

Mumbwa Phase 3B

BHP Billiton has not yet elected to commence sole funding the next drilling phase (Phase 3B), and will not be required to make an election until AIM Resources has confirmed that Phase 3 has been completed, including provision of all assay data for the initial 8,000 metres.

However, BHP Billiton has assumed responsibility for drilling operations and has mobilised key staff to oversee all activities associated with drilling, sampling and analysis beyond the 8,000 metres, until the election can be made.

[vanbrussel] 29/10/2008 09:15

QUARTERLY ACTIVITIES REVIEW (October 29, 2008)

PERKOA ZINC PROJECT, BURKINA FASO (AIM Resources 90%)

Perkoa Care & Maintenance Program

On 17 July 2008, the Company announced it would place the Perkoa Zinc Project in Burkina Faso in care and maintenance until further notice. The decision to put the project on care and maintenance was made based on a detailed analysis of alternative funding options and current economic factors, including the depressed global zinc price.

Mining Contractor Byrnecut Mining Pty Ltd, EPCM contractor DRA Mineral Projects and earthmoving contractor Banlaw Africa Ltd have all demobilised. A number of the long lead-time process plant items have been delivered to site. Work on completing the foundations for the plant will continue over the next nine months.

The care and maintenance program is now implemented and is estimated to cost approximately USD30,000 per month. This cost will cover labour and materials necessary to ensure the safety and security of the assets on site at the Perkoa Zinc Mine, and to conduct routine maintenance to ensure machinery and equipment are kept in a satisfactory condition for future use.

Recommencement of construction at the Perkoa Zinc Mine will be subject to suitable financing being available and a stronger zinc price outlook. The Company continues to evaluate suitable funding options. The Company will also continue to uphold commitments made regarding social and community program in Burkina Faso.

[sagem] 29/10/2008 08:50

Well done to that person who just bought 19,303 shares...I am sure you will be extremely pleased with yourself in about a years time.The Zinc mine which is very high grade Zinc will be worth a lot more than the present share price to any company. PERHAPS WE SHOULD ALL BE BUYING??

[graze] 28/10/2008 09:03

Yes, I agree,Hotcopper is well worth a visit.

[sagem] 28/10/2008 07:53

Yes their is a web site similar to this one in OZ AND THEY TALK A LOT ABOUT AIMR AND ITS PROBLEMS THE SITE IS ....... you will have to register and its FREE.
THE EPIC CODE IN OZ IS AIM WITHOUT THE R.

My view given time AIM RESOURCES WILL BE OK AND COULD BE A BARGAIN AT THIS PRICE, I DONT THINK THEY WILL GO BUST

[sagem] 27/10/2008 18:26

Are we going down to zero

[control1] 27/10/2008 17:35

Arja, agree entirely and I have a much quicker solution to the problem if you tell me how many rounds I need to order....!

I did actually mean AIM in respect of the next great white - similar to Olympic Dam, etc

These shares are pretty much worthless here now (although I confess that I haven't looked at the price in Oz) but what does everyone think about the prospect of survival?

Personally, I think that the China slowdown has been MASSIVELY overdone and that people will realise this soon and realise that they may have just panic sold some half decent stock but the question is, will things pick up in time to save us....?