AIM -Aim Resources

[thekiwi]

Tracker has mentioned she is watching this one, so thought Id have a quick look.

* In the graphs below Ive scaled out the explosion in volume from back in April 2004.
* It seems to have turned nicely at 4c
* Volume is steady, so nothing fantastic on that point yet
* Its moved above resistance at 4.6c, which is a good sign (and now 4.6 will be good support)
* Mintor resistance "should" occur at 5.1c area .. but after that ...5.7/5.8 area.
* The upside potential is possibly around 7c mark

http://home.infobahn.co.nz/images/asx/aim/20040802_daily.png

http://home.infobahn.co.nz/images/asx/aim/20040802_weekly.png

[tracker]

support level did seem to be ok
1 particular broker was vey aggressive on the close,i sometimes buy a little early, and then if need I have an opp to hopefully (if trade deosnt work) to get out around cost
now that 5 cents was taken out(by that aggressive broker) I feel better and in a comfort zone, I dont always wait for all tech signs to come in , I sorta rather use my gut,which is what i did in this case
tracker
hope that helps
ps I liked who was buying
just noticed I posted this under the wrong code sorry all and thatnks TK for the reply
tracker

[tracker]

well so far so good
lets see where it goes
tracker

[tracker]

seemed to hold up pretty well considering an overall dullish sort of market today
buying was steady, and after the initial dip largish lines went thru
again quality (not just discounters buying)
not that all you guys and gals using etrade and commsec arent quality lol
trade well
tracker
57 yes that will be a hurdle, but since holding under 5 I feel ok atm
tracker

[tracker]

ok ok now I have my doubts
stolli just posted on hot copper in regards to aim, and that is usually a sign that he has bought lower, and is going to try as hard as possible to enlighten all of us to the merits of this stock
now I am nervous, cracking a beer and neglecting all my children
gotta go
trade well
tracker

[tracker]

seems to be holding fairly well(lets see what today brings)in a fairly deppressed sorta market
the buyers are still quality, the parcels small tho
tight stops as always
tracker

Tracker maybe Stolli to busy trying to get at me to bother with his investments

[stolwyk]

You have a vivid imagination Tracker as I have never referred to that stock. Too risky. Mind you I have AAM.

[tracker]

your work load stolli is getting a little outta control maybe
you posted on HC an article re aim
that mind of yours is getting a workout today
or maybe I was drunk when I read it lol
tracker

[tracker]

hey gerry , no i wasnt drunk on 4/08/2004 you posted an article on aim
i didnt read it cause it was from you but yep its still there
nah nah nah nah nah
tracker

[tracker]

Subject article
Posted 04/08/04 16:17 - 67 reads
Posted by stolwyk
Post #335344 - start of thread - splitview

Thanks MiningNews.net:

Multi-metal focus gives promising junior plenty of allure.


Wednesday, August 04, 2004
AIM Resources has come a long way in the past 12 months. From a moribund Australian base metal explorer with a lack of projects the group has emerged with strengthened management and a raft of platinum and base metal projects in Africa that have the potential to build the company into a mid-sized mining house over the next three-to-five years.

AIM first recaptured the market's attention with the announcement in October last year that it would buy 100% of the Mokopane platinum project in South Africa for $4 million. That was followed by another agreement to take a 77 % interest in the Mooiplats platinum project for $3 million. Both properties sit within the eastern limb of the Bushveld Ingneos Complex, which in turn holds 80% of the world's platinum resources and accounts for more than 60% of platinum group metal production.

It's pretty sexy stuff - a company capitalised at $27 million chatting about its new stakes in a commodity that was recently selling for $US900 per ounce, and AIM potentially has 11 million ounces of the precious metal with the prospects to discover a further 15Moz.

But wait there's more! At the time ResourceStocks went to print, AIM had just announced a new wave of projects to the market. The first announcement was a deal with BHP Billiton and South African listed Metorex to purchase for $US1.1 million the Peroka zinc-silver-gold deposit, 125km west of Ouagadougou, the capital of Burkina Faso in West Africa.

Additional work is required at Peroka but according to Metorex, the mine has a non-JORC (Joint Ore Reserves Committee) resource of seven million tonnes grading 17.6% zinc, or about 20% zinc equivalent when gold and silver credits are added.

It is of sufficient size to establish a mining operation of 750,000t a year over a nine-year mine life. The cost of building such an operation would likely be somewhere north of $US50 million – no small ask for a company the size of AIM, but not in the same league as the hundreds of millions of dollars required to get the platinum operations up and running.

The big test for Peroka is whether or not the project can overcome a lack of infrastructure such as cheap power, water and transport to produce an economically viable and bankable feasibility study.

Hot on the heels of the zinc announcement was a joint venture agreement with BHP Billiton to explore the Mumbwa copper/gold deposit in Zambia. AIM can earn 70% of the project by spending $3 million over the next four years. If certain targets are reached BHP has clawback provisions to regain control of the project.

Drilling by BHP has shown a 6km strike length at Mumbwa and encountered substantial mineralisation, somewhat reminiscent of mineralisation found at world-class orebodies such as Olympic Dam and Ernest Henry in Australia.

It is early days for Mumbwa but any development would start in the tens of millions of dollars range and could head up well into hundreds of millions of dollars. Somewhere down the track AIM is going to require substantial, funding.

AIM managing director Marc Flory is a realist and knows AIM is going to need European investors, institutions and the support of the buyers of the company's end product to move from explorer to producer in Africa.

Flory, who joined AIM in June last year, said: "AIM has already raised $4.38 million from European fund managers and high net worth individuals to fund the Mooiplat acquisition and expects increased interest from European, United States and Canadian investors as it advances its African platinum interests".

Flory said the next step was to get AIM a listing on the London Stock Exchange's global market for smaller stocks – coincidently called the AIM. Flory also plans monthly newsletters and regular investor road shows to heighten awareness of the company both nationally and in

[stolwyk]

Why do you post that article here? It says at the bottom that I don't hold any shares.

I regularly post articles without having any shares in the mentioned stocks at all. About 95% fall in that catagory.

It is a service I provide because I know some HC people have these.

So, beware that I don't always hold shares in the mentioned stocks.

[tracker]

oh but stolli you did refer to that stock didnt you, you did make that post as stated
just wandering if you are spending sooooooooooo much time defending your "workload" that you are forgetting exactly what you do, just a thought lighten the work load
tracker

[Risk]

looking at the AIM chart, I see nothing to get excited about.
imho, at best it looks like a risky short term trade...resistance at 5.7 was tested but not broken.

[tracker]

bought well, and have had nothing but crappy markets since bought so still in green, something about it just has my attention
yeah no great looking chart here,BUT is holding at this stage , so happy to to hang in there and see what a good day can do for the stock
all the right people where buying when volume kicked in . so again happy to see how it unfolds
tracker

[stolwyk]

Tracker,

"You said: oh but stolli you did refer to that stock didnt you, you did make that post as stated
just wandering if you are spending sooooooooooo much time defending your "workload" that you are forgetting exactly what you do, just a thought lighten the work load"


I don't defend the "workload". However, on HC there are not just traders who grab other's ideas, make money quickly and then get the hell out of it; on the contrary, others furnish websites, articles and offer comment. And of course that makes it a successful site.

I do note that you have the HotCopper AIM article here. No doubt you have read it and now you are trying to trade. A risky stock BTW.

Gerry

[miner]

I do note that you have the HotCopper AIM article here. "No doubt you have read it and now you are trying to trade". A risky stock BTW.

Full of yourself as usual I see Gerry,Track has traded AIM many times it's a good little trader,ann runs etc.

[tracker]

well stock has come back on radar the last week or so
NOW we have real quality buying anything offered with volume almost every day.
Maqs and ABN are very keen atm which makes me think an announcement must be in the wings
good little runner as miner pointed out
worth a wath
hey TK could you update that chart for me with volume, i think it might lok sorta ok, again 5.7 will be hard BUT on last little jiggle Maqs took out 5.6 with gutso
stops as always
tracker

[tracker]

seems to do vol one day take a rest, rattle a few chains , and then the above buyers come back in and take a bucket load of stock
still on radar
worth looking at if vol does really pick up etc
trade well
tracker

[tracker]

oh so nice
anyone on???
tracker
maq and abnn still buying
so here goes nothing i spose
tracker
raising stops as we go, but close above 5.7 is very encouraging to say the least

[tracker]

hey TK, Arco, anyone that can post a chart, could I have a techie update just to see how it looks
5.7 was taken with ease, and should act as support , BUT dow down a tad might put a little damper on the trading
again raising stops as we go
trade well
and make some money
tracker

[tracker]

well hope someone else besides me enjoying this
but ya see i dont do study threads, and hope everyone can do their bit etc
it looks nice
maybe if i shoved it down peoples throats on every forum they would make money, bit of a scarey thought to say the least
tracker

[tracker]

well stopped out at 6.4 basically, after a really nice run, who knows what will happen now , all I knwo is all the right guys paid top dollar for more stock, might take a breather, but these guys just dont walk away imo
trade well
tracker

[tracker]

still up there guys with quality buying, and vulume
closed above that 6.4 level and 6.6 was taken out
something cooking???
trade well
tracker

[tracker]

well its all started again
quality buying , nice lines
any techie thoughts out there?????
tracker

[tracker]

been quiet for a while
5 cents seems to be holding
brokers coming back in to nibble this one
back on radar
tracker

[tracker]

ok found a base off 4.7
this one i still on rdar
all the right buyers are back, quantity still a little nice tho
tracker

[tracker]

well first (and important close) above 5.6 in ages
tech wise looks great, vol creeping as well
talk is cheap blah blah but worth watching
tracker

[tracker]

hmmmmmmmmmmmmm seems that someone has taken the dog out for a walk
given vol on fri and price rise might be worth looking a little closer at
tracker
also the close above 6.1 was a wee bit encouraging to say least
all going to plan will be holding mon morn ( that was for you stolli)
6.4 and 6.7 are the figs to watch atm, a charty peerspective would be nice
just a point of interest anyone notice how quick asic are re speeding tickets lately????

[AlphaCenturian]

Having a chat with yourself there tracker dear?

Volume certainly did kick in but there really wasn't much for sale from 5.2 to 6, the serious work was last few hours Friday.

Good close above resistance though. Watching closely.

[tracker]

yeah i was starting to feel a little like stolli must after his one sided posts lol
tracker

[tracker]

didnt hold up as well as i had thought lets see what day brings, at some stage i beleive this stock will be a lot higher from where it is BUT until momentum kicks in with all the other variables personally I will wait for that
trade well
and STOPS as always
tracker

[tracker]

nice
tracker

[tracker]

hey anyone else play besides me??????????/
trackerclosed pretty much on its highs
tracker

[Packersoldkidney]

Yes, I jumped in today. Couldn't help it. Only a small nibble, though. It's looking good.

[Packersoldkidney]

I have now officially given this stock the kiss of death, as practised on BAR earlier in the week. Sorry Tracker!

[Packersoldkidney]

Tracker: what do ya reckon? Aim on the AIM soonish. And a broker preso run - think its got legs?

[tracker]

yeah mate sold pretty well expecting a nice retrace after fializing etc palcemenrt I was hoping for it to fall more as most do BUT it hung up ther so yeah, I am not taking my eye off it
tracker

[tracker]

nice announcement yesterday
see where it takes us today
tracker

[Packersoldkidney]

Strange reaction - but I think they still have a swag of overhanging shares issued at discount?

This is a buy on weakness long term hold.

[Watson]

72 MILLION SHARES ISSUED AT 4.8C ...reason for drop in SP

DILUTION AROUND 15%

420m + shares on issue and a few oppies thrown in ...excercise price ranging from 4 to 10 c on or b4 mid 2006
Should have around 520m fully diluted shares on issue by then unless they issue more in the next financial yr....Alot of shares on issue compared to their opposition companies

Looks like production scheduled for feb 2006 and revenue expected at 100m US
Not sure of cost to produce as yet...

cheers W

[Watson]

triggered a buy at 5.5c on 4/4/05

prices stalling short term..could go either way at the mo....

[Watson]

Key points

Has exercised option to purchase 100% of the high grade, World Class Perkoa Zinc Project (7.06 million tonnes grading 17.7% Zn) in Burkina Faso.
Owns +1 million ounce Mokopane PGM Project in South Africa.
Joint venture with BHP Billiton in major Copper-Gold Project in Zambia, where new aerial survey data is currently being interpreted.
Listing on the London Alternative Investment Market (AIM) on 21 March 2005.
Owns 10.2% of Discovery Nickel Ltd (ASX: DNL) from asset spin-off.

I see discovery nickel made a positive announcement yesterday....DNL

might buy a small parcel and see what develops..looks like a typical junior IMO with reasonable upside if the directors are on the level ..lol

[Trouthunter]

quote:Originally posted by Watson

Key points

Has exercised option to purchase 100% of the high grade, World Class Perkoa Zinc Project (7.06 million tonnes grading 17.7% Zn) in Burkina Faso.
Owns +1 million ounce Mokopane PGM Project in South Africa.
Joint venture with BHP Billiton in major Copper-Gold Project in Zambia, where new aerial survey data is currently being interpreted.
Listing on the London Alternative Investment Market (AIM) on 21 March 2005.
Owns 10.2% of Discovery Nickel Ltd (ASX: DNL) from asset spin-off.

I see discovery nickel made a positive announcement yesterday....DNL

might buy a small parcel and see what develops..looks like a typical junior IMO with reasonable upside if the directors are on the level ..lol

[Trouthunter]

If you actually look a little closer at the Mokapane project it has a town on top of it....and the grade is not high enough to go underground

Perkoa also has some challenges.....

[bailej03]

Finally found that their is an existing forum on AIM. Watson, you still holding any of these?

BFS due soon. Certainly not without difficulties but if positive a big re-rating is in store. I have a small parcel.

Closed at 6.6c today, uptrend continuing and good consolidation around 6c. Technically looks very nice. Given a BIG MOVER STATUS by Catherine Davey.

Looks ok, any comments?

[Sid]

"highly positive BFS"

DJ MARKET TALK: AIM Resources Rockets 26%; Zinc Link
1111 [Dow Jones] AIM Resources (AIM.AU) soars 26% to 7.2 cents on heavy turnover of 34 million shares. Fueling gain, "highly positive feasibility study results" from high-grade Perkoa zinc project, Burkina Faso. Indeed, study estimates net present value of project at 38.6 cents/share. AIM plans to bring mine into production, currently negotiating offtake agreement. Global zinc market currently at multiyear highs, with many analysts saying this will continue for some years, based on robust global economic growth, shortage of zinc concentrate. Given NPV estimate, AIM could press higher, though investors likely less than impressed with project location. (RCB)

[Packersoldkidney]

Where is Tracker? She was trading in and out of this and the firming up of their projects are sending it into bloo sky.

[Mako]

Clmbing fast! no announcement on why?