Aztec Res. Share Discussion Threads

[borderriever] 21/2/2006 15:11

Will todays news cause an upsurge in price, hope so.

[gardenboy] 24/1/2006 15:49

Hectorp,

This is not the latest report I can find, but shows Asian imports of iron ore twenty times those of USA.

[hectorp] 24/1/2006 15:36

The base metals I invest in , this year, are ZINC COPPER and MOLY.
not sure about Iron. Even moly is tricky.

ANy US turndown, which is likely late in the year, would hit iron ore. Yes?

[red ninja] 10/1/2006 10:03

Wind seem to be set fair for AZR :-

Marubeni Elevates Support for Koolan Island Project

Aztec Resources Limited (ASX and AIM code: AZR, 'Aztec') is pleased to announce
the signing of a Letter of Intent with Marubeni Corporation ('Marubeni'). The
Letter of Intent represents further definition of agreements set out in the
Memorandum of Understanding signed by the two parties in December, 2004,
following the positive outcome of Aztec's bankable feasibility study and
successful visit by Aztec to Japan for technical presentation to Japanese steel
mills.

The Letter of Intent provides for Aztec and Marubeni to move towards off-take
agreement and the provision of financial assistance for the Koolan Island Iron
Ore Project.
Under the terms of the Letter of Intent, Marubeni and Aztec have expressed:

• intent for Aztec to supply 1.0 to 1.5 million tonnes per annum of high
grade Koolan Island iron ore, over the life of the project to Marubeni. The
ore will be consumed primarily by integrated steel mills in Japan and Asia.
Formal supply agreement terms will be based on mutual agreement on the
detailed conditions of the purchase of Koolan Island iron ore and approval
by the purchasers' Board; and

• intent by Marubeni to extend financial assistance for the timely
development and construction of the Koolan Island Project of up to A$20
million (subject to mutual agreement with Marubeni and its board approval).

Aztec Resources Limited now has buyers committed to take all iron ore produced
from its proposed 4 million tonne per annum iron ore mine at Koolan Island,
Western Australia for the life of the Project.

With strong commitment for the iron ore tonnages and continuing buyer interest
in Koolan Iron Ore, Aztec believes it can be the next producer of high grade
iron ore, with first shipments anticipated in late 2006.

The non renounceable entitlement issue as announced on 8 December 2005 to raise
$42.3 million, fully underwritten by LCS Capital and Grange Securities, and the
support of Marubeni will enable Aztec to complete a majority of the required
funding for the Project.

Commercial details will be provided on the completion of formal contract
negotiations.

[red ninja] 13/12/2005 10:10

Aztec Resources Limited
13 December 2005


Aztec Resources Limited ('the Company')

13 December 2005

Change of Director's Interest

The Company was informed on 13 December 2005 that on 12 December 2005 Geoffrey
Clifford acquired 100,000 Ordinary Shares On-Market at A$0.165 per share for a
total consideration of A$16,500. This purchase brings his interested holding in
the Company to 200,000 Ordinary Shares, representing 0.04% of the issued share
capital of the Company.

Following shareholder approval obtained at the Company's Annual General Meeting
on 25 November 2005, on 12 December 2005 the Company issued Mr Clifford's
appointed nominee, Kathleen Clifford, with 1,000,000 Incentive Options
exercisable at A$0.20 per share on or before 30 June 2010.

For Further Information contact:

Australia
Darryl Edwards, Company Secretary: [phone]

UK
Gerry Beaney, Grant Thornton: [phone]

[biswell] 11/12/2005 09:48

Yes they do , so why does CBM want 27% of this company ... could this be the reason

BHP Billiton Says Iron Ore Prices Won't Fall in Next Two Years
Dec. 8 (Bloomberg) -- BHP Billiton, the world's biggest mining company, said iron ore prices won't fall in at least two years before producers add new capacity to ease a shortage.

``The market is in short supply and we believe that will be the case for the next two years,'' Clinton Dines, president of BHP's China operations told reporters in Beijing today. ``Probably prices will reflect that,'' he said.

Annual contract iron ore prices are forecast to rise 12 percent to $44.80 a metric ton in the year starting April 1, from $40 a ton now, according to a Bloomberg survey in November. Steelmakers and miners have started talks to set benchmark iron prices for 2006. Prices soared 71.5 percent to a record this year because of demand from China.

``Steel demand in China is still rising and so is iron ore demand, but there isn't enough iron ore,'' Dines said. China has become the single biggest market for BHP this year, accounting for 12.6 percent of sales, from 9.8 percent in 2004, Dines said.

China, the world's biggest steel producer, wants iron ore exporters to reduce prices as falling prices hurt the nation's steelmakers. The price of hot-rolled steel coil, a benchmark product, imported into China has fallen 35 percent this year, according to industry publication Metal Bulletin Plc.

Chinese steelmakers had threatened to buy iron ore from suppliers in India and North America after calling BHP's demand in this year's talks as ``unreasonable.'' BHP's Chief Commercial Officer Marius Kloppers had said ``the market will determine prices,'' and declined to comment further on Dec. 1 in Melbourne when asked about iron ore talks.

Traditionally, price talks start between major suppliers of iron ore and European and Japanese steelmakers. When they reach an agreement, that price becomes a benchmark for steelmakers in other countries including China.

``In recent years, China has become a new factor in the market and perhaps that will force the process to change,'' Dines said. ``We are watching with interest to see how that develops,'' he said. BHP is spending equal time talking with Chinese and Japanese clients.



To contact the reporters on this story:
Xiao Yu in Beijing at [e-mail].
Last Updated: December 8, 2005 01:17 EST

China will still import more iron ore in 2006 , though the rise will not be as great as 2005 is all which supports BHP view

[corrientes] 10/12/2005 19:03

China says iron ore will be in over supply next year.

[biswell] 10/12/2005 07:27

CBM bought a load of these at 9.5p I think it was.

They must have known this was coming and were happy to take their stake up to over 27% when it came.

Hence they did not buy at a lower price because they would get there additional 9% of AZR shares cheaper , still going to cost them £4million, so they will sell some more AEN to fund the purchase like they did last time is my guess



B

[red ninja] 08/12/2005 12:45

I guess we will be entitled to invest in the offer. However, the new shares and options will be listed on the ASX so we will own Australian shares + options.

[currypasty] 08/12/2005 10:50

The entitlement issue will be extended to Aztec shareholders with registered
addresses in Australia, New Zealand or the United Kingdom.

[currypasty] 08/12/2005 10:50

The directors of Aztec Resources Limited ("Aztec") have pleasure in announcing
an underwritten one (1) for two (2) pro rata non-renounceable entitlement issue
of new shares and attaching options to all shareholders to raise approximately A
$42.3 million ("Entitlement Issue"). The new shares will have an issue price of
A$0.17 per share.

Shareholders who participate in the Entitlement Issue will also receive one
attaching option for every new share subscribed. The attaching options will have
an exercise price of A$0.17 each and an expiry date of 31 July 2006. The Company
will apply to have the attaching options admitted to quotation on the ASX.

The entitlement issue will be extended to Aztec shareholders with registered
addresses in Australia, New Zealand or the United Kingdom.

Aztec recently completed its bankable feasibility study on the Koolan Island
Iron Ore Project ("Project"). The funds raised under this Entitlement Issue will
assist in partially funding the development of the Project.

It is expected that the proposed re-development of the Koolan Island Iron Ore
Project will commence in early 2006. The first ore shipments are anticipated in
late 2006. The planned re-development and its proposed timing are subject to
Aztec completing its fund raising initiatives, finalising land access
arrangements, receiving environmental and other Ministerial approvals, and the
granting of mining permits. Completion of these prerequisites to re-development
is expected in early 2006.

As noted above, the Entitlement Issue is an important initial step in the
re-development process, which requires up to a total of A$108 million in
funding. Proposed additional funding initiatives necessary for the Project to
commence mining operations include equity funding for a further A$42.3 million
assuming the exercise of the Attaching Options referred to above on or before
31 July 2006 and debt funding (excluding project finance) for the remaining A$28
million.

Underwriting

Joint Lead Managers to the Entitlement Issue are Cartesian Capital Pty limited
and Grange Securities Limited. The issue is underwritten by LCS Capital Pty Ltd
and Grange Securities Limited. In addition, Aztec's major shareholder, Cambrian
Mining plc, which holds 18.4% of the issued share capital of Aztec, has agreed
to subscribe for the whole of its entitlement of approximately A$8 million worth
of new shares and to participate as a sub-underwriter.


Entitlement Issue

The anticipated timetable for the Entitlement Issue is as follows:

Record Date 16 December 2005

Dispatch of Prospectus and Entitlement and
Acceptance Forms 19 December 2005

Closing Date for Rights Offer * 12 January 2006

New Shares and Attaching Options quoted on ASX
on Deferred Settlement Basis* 13 January 2006

Dispatch of Holding Statements * 20 January 2006

Normal Trading Commences on ASX and AIM * 23 January 2006

[gardenboy] 08/12/2005 10:42

we don't seem to count when it comes to the open offer either.. huh

[currypasty] 07/12/2005 14:18

why suspend there, and not here... dont we count ??

[papillon] 07/12/2005 14:04

See its been suspended on ASX pending an announcement before trading starts on 8/12/05 on ASX. Anybody out there with any ideas?

[metalera] 29/11/2005 22:48

Looks like AZR has a new peer with MANA making clear headway on its new iron ore discoveries in Liberia - hopefully it will raise the profile of both!

[papillon] 11/10/2005 23:05

This is one unloved share! I'm tempted to buy if only because no one seems to be interested in it.

[gardenboy] 31/8/2005 18:39

from minesite article on Cambrian,


"The deal Cambrian did three months ago with RAB Special Situations (Master ) Fund is a case in point. It swapped 60 million shares in AIM and Aussie listed Aztec Resources for a million shares in Asia Energy. And Cambrian's thinking is clear for all to see. Aztec should be in production at least a year before Asia Energy; it is in Western Australia rather than Bangladesh; and it has already set up offtake deals for a large part of its iron ore production. Cambrian is always looking for early cash flow; it tends to stick to westernised countries; and it likes to see product being sold. It should be no surprise if the company does not buy more shares in Aztec and could be tempted into selling out of Asia Energy if the right offer materialised after the feasibility study is completed next month"

[red ninja] 31/8/2005 09:37

Roll up, roll up, buy some AZR.

Aztec Resources Limited ('Aztec' or 'the Company')

31 August 2005

Share Holdings - Update

Aztec Resources Limited (ASX and AIM: AZR) has become aware of various changes
in the holdings of significant shareholders (as defined by the AIM rules) and
therefore provides the following update, in accordance with AIM rules, on
changes in significant shareholders, who hold greater than 3% of the voting
capital of Aztec.

A total of 169,770,129 Ordinary Shares representing 34.5% of the voting capital
of Aztec is held by parties holding greater than 3% of the voting capital of
Aztec.


Name of Shareholder Shareholding at 30 Aug 05
No of shares % holding

Cambrian Mining PLC (including, Willbro Nominees
Limited) 91,607,540 18.6
National Nominees Limited (1) 26,792,216 5.4
ANZ Nominees Limited (2) 19,173,147 3.9
CITIC Resources Australia Pty Ltd 17,033,226 3.5
HSBC Custody Nominees (Australia) Limited (3) 15,164,000 3.1


1 Shareholding increased to 5.44% of the voting capital of Aztec, however no
further details are known by Aztec
2 Shareholding has increased to over 3% of the voting capital of Aztec, however
no further details are known by Aztec
3 Shareholding increased from 164,000 Ordinary Shares (or 0.0%) to 15,164,000
Ordinary Shares (or 3.1%) following a transfer of shares from Sinom (Hong Kong)
Ltd on 10 August 2005 of 15,000,000 Ordinary Shares. Prior to this transfer,
Sinom (Hong Kong) Ltd held 21,597,456 Ordinary Shares (or 4.44%) and now holds
6,597,456 (or 1.34%)

[ppowerscourt] 12/8/2005 12:29

Schober:

Could you please post the (first) blackdog's view as my computer doesn't allow the article to show? What is the water-in-hole problem with the Koolan deposit retreival? Thanks.

[schober] 11/8/2005 17:59

and another view..........

.....of course it could just be rumour mongering

[adam] 10/8/2005 07:44

Apparently likely environmental protests. Also I suspect being an island would leave them a hostage to fortune as far as labour and costs are concerned.

[schober] 09/8/2005 18:43

black dogs view..........

[ppowerscourt] 08/8/2005 10:02

What a wonderful feasibility report although I can't understand it fully, relative to another iron ore miner (I think there is iron ore available in Tian Shan of Central Asia; iron was much used for the nomadic and semi-nomadic peoples there for making weapons and stirrups since the 6th century. For sedantary China, iron was highly valued for use in ploughing implements; taxes can be paid in iron also.) I'm an iron ore lover!

Been away to East Tibet for a month when the mid share price was 9.75. CBM acquired a holding of AZR from exchanging with RAB some other shares. This share is not for quick gain as time is needed to extract the black stuff! All steel producing countries will have to pay a premium for iron as global supply is not that abundant and welcomes replenishing.

Bigcharts shows, today, a crossing over of Positive over Negative directional lines. Should have acted to buy last Friday before the temporary suspension. Who was to know though?