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The Big Ease
06-04-2008, 08:42 AM
I subscribe to the eureka report, in which charlie aitken brought up the following company: AQA, Aquila resources. interestingly, nobody picked this company in the stock comp, despite it being of fairly significant size and the board being dominated by resources companies.......I dont know much about resource co's, so i thought i would bring this up for discussion and input from those with a better understanding of how to assess a resources co's prospects. at first glance, it looks interesting. very interesting. here is a brief summary of what aitken included.

Aquila has a growing market cap of $2 billion and is primarily concerned with iron ore and coal.
Apparently not covered by any brokers
Investors on its register include the private mining group AMCI Investments; the UK-based specialist mining funds of the Blackrock Group and the US-based specialist mining funds of Gabelli & Co.
Chief executive owns just over 30% of the issued capital, and with other board members that ownership level moves to just over 50%



Approximately $200 million in cash and liquid investments.
Pipeline of projects that gives the company leverage to coal and iron ore

PRODUCTION
Isaac Plains Coal Project

PRE FEASIBILITY
the Peak Downs East underground coal project; the Belvedere Coal underground project and the West Pilbara Iron ore Project

SCOPING STUDIES
scoping studies under way on the Washpool Coal Project, the Red Hill Coal project, the Northern Cape Iron ore Project and the Thabazimbi iron Ore projects;

IN EXPLORATION
Asenjo Energy coal project, the East Pilbara Iron Ore Project and a number of licences in the Bowen Basin.


would be interested in your thoughts.

thanks in advance.
TBE

The Big Ease
07-04-2008, 10:09 PM
if i knew what you were talking about, id seriously consider your opinion :P

sincerely, what are:
SAR
50% max step
0.6 acceleration.
21 SMA

happy to look this up, but a concise definition would be appreciated ;)
as you can probably tell, im a fundamental guy.

The Big Ease
08-04-2008, 02:33 AM
btw, coking coal is reported to have a 2008 price at triple 2007 rates.
should augur well for this co.
thanks for the info AA. appreciate it.

shasta
24-10-2008, 05:46 PM
btw, coking coal is reported to have a 2008 price at triple 2007 rates.
should augur well for this co.
thanks for the info AA. appreciate it.

Bout time i brought AQA back to life, as it qualifies for the Shasta watchlist of undervalued companies.;)

Since the last post was 6 months ago, i'll update the thread for the main anns

AQA - Annual report to Shareholders

http://www.stocknessmonster.com/news-item?S=AQA&E=ASX&N=426222

Recent presentation - China International Steel & Raw Materials Conference

http://www.stocknessmonster.com/news-item?S=AQA&E=ASX&N=426122

AQA - Not proceeding with demerger of exploration assets (good move!)

http://www.stocknessmonster.com/news-item?S=AQA&E=ASX&N=425194

AQA - Full Year Financials

http://www.stocknessmonster.com/news-item?S=AQA&E=ASX&N=422193

AQA - June Quarterly

http://www.stocknessmonster.com/news-item?S=AQA&E=ASX&N=415625

The Big Ease
24-10-2008, 08:15 PM
i havent looked into this in much detail shasta. looked to have run up a fair bit when i posted and has since tanked. might be some value, though it will take some work to get upto speed on their projects.

shasta
24-10-2008, 08:19 PM
i havent looked into this in much detail shasta. looked to have run up a fair bit when i posted and has since tanked. might be some value, though it will take some work to get upto speed on their projects.

Well i've given you a head start then...:D

I've seen recent valuations (AUG 08) of $17.50 per share.

However, 80% of the valuation is tied up in there exploration projects namely the promising Iron Ore project.

Still the main coal project is forecasting $A110 - 120m profit FY09.

shasta
31-10-2008, 05:43 PM
Well i've given you a head start then...:D

I've seen recent valuations (AUG 08) of $17.50 per share.

However, 80% of the valuation is tied up in there exploration projects namely the promising Iron Ore project.

Still the main coal project is forecasting $A110 - 120m profit FY09.

AQA - Sept Quarterly (Worth a read over the weekend ;))

http://www.stocknessmonster.com/news-item?S=AQA&E=ASX&N=427676

Corporate
27-07-2012, 07:51 AM
Anyone still following AQA...share price down to $1.8x!

The Big Ease
27-07-2012, 07:51 PM
quite an incredible drop in the SP.
800m market cap 560 in cash and equivalents.
The SP is lower than during the worst of the GFC.

Corporate
27-07-2012, 07:53 PM
quite an incredible drop in the SP.
800m market cap 560 in cash and equivalents.
The SP is lower than during the worst of the GFC.

Agree totally TBE. I just can't quite work out what their strategy is....Seem to have a lot of good assets that require a lot of CAPEX. Why sell a producing asset though?