ARM (Aurora Minerals) - Manganese, etc.

[COLIN]

I have made some comment on the NZX sub-forum, on this little bundle of dynamite, but realise it now more properly belongs in the ASX Section as it is no longer dual-listed.

Are there any current followers out there? It has only recently come to my attention and I think I am being seduced - help!

[drillfix]

Are there any current followers out there? It has only recently come to my attention and I think I am being seduced - help!

Hi Colin, Im not a follower mate but I always enjoy hearing a story about a company or two.

Lets have a little lookie here hey and maybe a bit of a break down of this company~!

Firstly the chart it looking a bit toppy along with the indicators, as it seems to have run pretty hard over the past week so a pull back certainly would be on the cards. IMO

Now some of the FA nuts and bolts from webIress info:

========================

GENERAL
Issuer Name Aurora Minerals Limited
Description Ordinary Fully Paid
Industry Group Metals & Mining - 151040 Shares on Issue 80,724,722
Price (previous close in cents) 67 Market Cap ($) 54,085,564
LAST ANNUAL REPORT DATA AND RATIOS
Earnings (cents per share) -5 Price To Earnings -13.4
Dividends (cents per share) 0 Yield (%) 0
Asset Backing (cents per share) 0 Price To Assets 0



=========================

Date High Low Close Volume Transactions
Last Ten Days
15-Dec-2009 78.5 67 67 1,346,356 174
14-Dec-2009 79 62.5 74 1,545,229 172
11-Dec-2009 61.5 57.5 61.5 1,002,725 80
10-Dec-2009 62 55 60 1,254,411 100
09-Dec-2009 55 54 55 954,391 78
08-Dec-2009 54.5 49.5 53 451,313 44
07-Dec-2009 49.5 48 49.5 115,500 12
04-Dec-2009 50 49.5 49.5 53,939 5
03-Dec-2009 50 48.5 50 346,172 31
02-Dec-2009 50.5 48 48.5 166,780 17

Last Ten Months
Dec-2009 79 48 75 8,536,937 789
Nov-2009 57.5 40 52 6,331,710 629
Oct-2009 48 37.5 43 4,997,739 574
Sep-2009 48 27 44 13,852,491 1,003
Aug-2009 32 25 28 5,235,095 364
Jul-2009 32 19 28.5 5,522,987 365
Jun-2009 20 13.5 20 1,046,277 57
May-2009 18 11 16.5 1,211,669 67
Apr-2009 13 7 13 655,200 31
Mar-2009 8.5 7 8 436,350 13

============================

AURORA MINERALS LIMITED [ARM]

Last Updated 07/10/2009

CORPORATE DETAILS
GICS Sector 15: Materials
GICS Industry Group 1510: Materials
GICS Industry 151040: Metals & Mining
Head Office 271 Great Eastern Hwy, Belmont, WA, 6104
Telephone (08) 6162 9081
Facsimile (08) 6162 9079
Website www.auroraminerals.com

First Listed 15/06/2004
Balance Date 30 June
AGM 28/11/2008

Dividend Reinvestment? None

PRINCIPAL ACTIVITY
Aurora Minerals Limited (ARM) is an exploration company with a multi-commodity
project portfolio prospective for base metals, uranium, gold and iron ore in New
Zealand and Western Australia. The company is 52% owner of Uranium explorer
Desert Energy Ltd.

WESTERN AUSTRALIA: The company 's projects in WA include: Capricorn Project, which is located in the Ashburton Region of Western Australia; Glenburgh Project, located in the Gascoyne Complex and Camel Hills Project, located NW of Archaean Yilgarn Craton. Piccadilly Resources Pty Ltd (subsidiary of ARM)acquired 51 exploration license applications in 16 project areas.

These project areas are prospective for calcrete hosted uranium deposits, covering a total area of 7,875km2 within the Central and North Eastern Yilgarn block of WA. The projects included in acquisition are as following: Duketon, Tate, Central Well,Maitland, Irving Well, Corner Well, Mulgaroona, Kurrajong, Texas Well, Karara, Galilee, Yarrabubba, Windsor, Barrambie South, Mary Mia and Camel Hills West. Lanigans Project: It is located approximately 25 km southeast of the town of Kerikeri. It covers an area of 220km2 in the Northland Volcanic Zone.

NEW ZEALAND: At Macraes West Gold Project JV with Canadian-New Zealand company Glass Earth Limited (GENZL). The Macraes West prospecting permit area comprises 1,173sqkm and covers the possible westward extension of the Hyde–Macraes shear which hosts the Macraes mine mineralisation.

DIVESTMENT: As at April 2009, in ARM divested its wholly owned uranium
subsidiary, Dawn Metals Limited to Desert Energy Ltd.

DIRECTORS
Mr Phillip Sidney Redmond Jackson
Mr Garry Patrick O'Hara
Dr Robert Spencer Taylor
PRINCIPALS
Chairman Mr Phillip Sidney Redmond Jackson
Company Secretary Mr Peter Campbell Ruttledge

==================================

[drillfix]

Just another couple of thoughts re-Manganese

Also check out some peers for comparison which here are a couple that come to mind briefly:

I used to hold MZM a while back, good management and also not too many shares on issue. Kinda wish I held really , but another Ahh well story~!

===================

MZM
Issuer Name Montezuma Mining Company Ltd
Industry Group Metals & Mining - 151040
Shares on Issue 42,101,903
Price (previous close in cents) 26 Market Cap ($) 10,946,495

===================

SRR (currently about 22c)
Issuer Name Shaw River Resources Limited
Industry Group Metals & Mining - 151040
Shares on Issue 197,187,209
Price (previous close in cents) 22 Market Cap ($) 43,381,186

also recent announcement out re-manganse too: http://imagesignal.comsec.com.au/asxdata/20091216/pdf/01022911.pdf
===================


Make of that what you will~!

[COLIN]

Drillfix: Thanks for gathering all that info. I will have to find some time to digest. Meantime I don't think I will be taking that "leap of faith". I agree that a price pullback looks very likely.

But, congratulations to any who have ridden in the rocket, over the past few months - up to a 200% gain, depending on where they entered.

[Casa del Energia]

I have made some comment on the NZX sub-forum, on this little bundle of dynamite, but realise it now more properly belongs in the ASX Section as it is no longer dual-listed.

Are there any current followers out there? It has only recently come to my attention and I think I am being seduced - help!

Hi Colin,

Not a follower as such... but am now.

I've been holding ARM since 2007 (or was it 2006?). Bought small amount as a punt.
Didn't take much notice for ages until it popped up on my screen as having rocketed in price - - until then I had no particular clue what they were doing or up to.
It's got my attention now.

[drillfix]

If anybody who is into Japanese Candlesticks and charting.

It amazes me how on Tuesday we had a huge black piercing candle giving Dark Cloud Cover but still yet, the sp still climbs although now appears to be weakening.

In short, it goes to show that TA doesn't always work with certain stocks and at certain times.

[airedale]

Hi Drill, Tueday's black cloud is normally very bearish, perhaps it will take a day or two to slow the rocketship. I am keeping an eye on this one to enter on a pull back.

[Casa del Energia]

If anybody who is into Japanese Candlesticks and charting.

It amazes me how on Tuesday we had a huge black piercing candle giving Dark Cloud Cover but still yet, the sp still climbs although now appears to be weakening.

In short, it goes to show that TA doesn't always work with certain stocks and at certain times.

(The price moved back up again a few mins ago).

No, none of that chart stuff here - it's voodoo. Picked ARM by pure dumb luck.

Uh - also it was whispered about years ago. But I rationalise my taking note of rumour by this: - if you've ever stood on some bits of that dunstanite stuff near Nelson you can tell that it's mineralised just by the fact that you are taller than the plants growing on it. It could be that the whisperer was standing on a similar ancient formation saying to himself 'Gee, I don't even need to assay this..'

[whatsup]

Heading for $1.00 boy what a ride I just wish that I got on board in June 09 when it was posted here, bad choice for me.

[Casa del Energia]

Heading for $1.00 boy what a ride I just wish that I got on board in June 09 when it was posted here, bad choice for me.


$1 :)

Think I've pretty near doubled my money on this one - talk about dumb luck.

[Lego_Man]

Well, i thought it had run too far when it was in the high 40's...

Seriously considered buying in at about that time.

[elZorro]

Less action later this week for Aurora and no press releases for 2010 as such, but in mid December 2009 the head office was asked to explain their meteoric rise in SP.

http://www.auroraminerals.com/LinkClick.aspx?fileticket=1%2FJp4sdP8TI%3D&tabid=2063&mid=3911

I couldn't easily get hold of the Sunday Times (Perth) article from 13 December, but BHP and Woolworths are also mentioned.

[yabster]

I see theres an independent report on the ASX suggesting the manganese discovery has the potential to be a world class deposit - announcement 25/01/2010.

Also the possible discovery of high grade magnetite iron ore 21/01/2010.

[Casa del Energia]

A question asking what you (out there) think the future direction will be.

Will ARM prove the Mn deposit and then spin it off/sell?

or

Will they issue for bonds/scrip and develop themselves?

or

Bring in a mining partner, selling down somewhat but buying setup and ops experience.

I ask this because it is likely that they may sell off the Mn (re- Dawn Metals) and continue forever as a pure explorer - nothing would ever actually come to fruition?

[elZorro]

Why didn't I hold onto these the other day? A big run on at the moment.

[drillfix]

Why didn't I hold onto these the other day? A big run on at the moment.

Dont worry about it elzorro, no point in kicking yourself, just buy them back.

They are in a great uptrend so why worry about which rest you have had from holding.

Any profits a profit, if it were me and I held them before, I wouldn't hesitate buying them back if I believed in what they did.

I think why for many though will be who knows whats gonna happen tomorrow with the DOW and thus, the ASX, which as you know where I am getting to, >>>> and with ARM.

Bucking the trend of the ASX today, but tomorrow could be another story as too could it be with many stocks and not just ARM.

[drillfix]

elZorro, if your not gonna jump back in, well I am.

Who cares if its at a new high, let the river flow in the direction it is flowing which is UP.

Ride it, dont fight and let no emotion get in the way of what was previous or what you could have had it at.

Quick chart for all you ARM wrestlers (pardon the pun) :D

http://i45.tinypic.com/254zvb8.gif

[yabster]

well it has the addition attraction of the iron ore discovery now too and with steel prices on the rise makes it attractive - although still very much speculative. $1.09 today.

[drillfix]

well it has the addition attraction of the iron ore discovery now too and with steel prices on the rise makes it attractive - although still very much speculative. $1.09 today.

Yab, to be perfectly honest mate, I couldn't care less if this company farted and said it was perfume to be sold at Myers. :o

What interests me is purely the chart and only the chart. If the trade turns against me, Im out, but until that time, I am in. ;)

[elZorro]

Thanks for your posts Drillfix and Yabster , just got some time to have a look at ARM again. Of course, since I only have a few at the moment, it's a huge day, possibly going to break some records for this share. At the very least, no problems selling your shares with this one :)

[yabster]

hmm drill not sure Myers would be keen stockists but its amazing what people put on their skin!

and for sure go the uptrend.

[percy]

drillfix
would you please post videos of you trading on youtube.not sure which would be funnier;you winning,or you losing.sure of one thing ;both would be winners.keep up the colourful posts.i love them.

[drillfix]

drillfix
would you please post videos of you trading on youtube.not sure which would be funnier;you winning,or you losing.sure of one thing ;both would be winners.keep up the colourful posts.i love them.

Hi Percy,

Not sure posting on youtube is my thing, although I dont mind giving folks a laugh. No matter profitable or not.

Here is one of the computer not working
http://www.youtube.com/watch?v=bZRh6sZZyz0

Here is one of a day at the hedge fund
http://www.youtube.com/watch?v=D54JaaxsIww

And then after lunch has finished and a hard days work is done, I like to cut loose.
http://www.youtube.com/watch?v=7Sq-HYGfnIo

Me, nahhh dont think so mte :p

[drillfix]

Ok on a more serious note, looks some folks are wanting in before the rush hour at closing time.

Looks like an interesting day tomorrow, one way or the other.

[drillfix]

Currently, I am now out at $1.10 on open.

I think I got the jitters with US breaking down a bit so just watching out for the tide at present.

[elZorro]

Currently, I am now out at $1.10 on open.

I think I got the jitters with US breaking down a bit so just watching out for the tide at present.

DF: based on your previous posts I remortgaged the house and bought back into ARM, and now you're out?? :eek:

But seriously I did buy a few, see they are popping up lots of press releases, all good, movers and shakers these guys. Should go well today.

[yabster]

sale at $1.13 today- offer at $1.11 - so looking encouraging.

[drillfix]

DF: based on your previous posts I remortgaged the house and bought back into ARM, and now you're out?? :eek:

But seriously I did buy a few, see they are popping up lots of press releases, all good, movers and shakers these guys. Should go well today.

Hi Ez and Yab,

Back up to the high again today, great. I was saying to ssg in the Intraday thread that those who collected in the mid 90's etc etc would be doing good.

The chart looks great on this stock, I keen to see if there will it finishes as I will enter again on this stock and perhaps hold a little longer than my previous nerves has shown. But of course, that was due to overall markets and Im kinda glad I did.

[elZorro]

Hi DF, glad I took your advice now, a handsome profit that would pay for dinner, after starting to take your name in vain..and all this without any press releases?

[drillfix]

Hi again ez,

Still not sure if your serious about re mortgaged the house or not, I sure hope not based on something that I have said or done myself. :eek:

Currently with this particular stock, as much as I think the chat is excellent, I myself currently swing trade some stocks, this being one of them.

The other day, I thought to get in, and then to get out and it did fall, but then so did everything else.

Man I get worried EZ when you say things like mortgage the house.

I tell you what though, if I see and think the chart is sh#t, I will post back here and tell you so, but the if that is the case, it means the markets are sh#t too so everything will be (almost).

Lets not hope it dont come to that though and dont be scared or forget to take a profit. But then that depends on your own trading plan, be it short, long, or purely for tax reasons.

Cheers~! :)

[elZorro]

Hi DF, just holding 1200 of these, but kicking myself because I did buy about 5000 and sold them in a mild panic at a loss, earlier. These are all lessons I'm learning (a bit too slowly) but I'm not crazy enough to extend myself beyond what I can afford :). In any case, you can at least always sell these shares at any stage, and it is the 'lucky country' after all :D

[drillfix]

but I'm not crazy enough to extend myself beyond what I can afford :)

Good to hear mate, but on that note I am crazy enough to extend myself however the old me made some pretty painful mistakes and the lesson we take from that is that counts.

Crazy at times yes, but alot more wiser from the previous experience, thats for sure. ;)

[drillfix]

Gotta an order in on this one again.

Anybody watching Bots trading this one up?

As I mentioned in GIR, same thing.

Not only that, take a look at any stock thats in an uptrend, bots, bots and yes more Bots.

Just gonna leave my order, if it gets filled great, if not, then whatever whatever. :rolleyes:

[yabster]

ARM just off a Trading Halt. 3.9m half yearly loss - $2.5 of which was exploration costs.

Received $1.6m form a share placement @ 90 cents from a Europen Resource Fund taking cash to about $6m.

[Casa del Energia]

Any opinions out there on thier lastest 'sell off' to semi subsidairies? I get the feeling that they are not really all that interested in thier shareholder wealth creation - - or shareholder participation in future development. This yet another dilution of net assets per share.

[Entrep]

Down to 45 cents. Instos paid 90 cents 5 weeks ago!!!

Anyone know wtf is going on?

[Entrep]

Lower lows... 35.5 cents now. Really struggling to understand all this selling.

[Entrep]

ARM is now negative EV I believe. They have around $15m in the bank and a MC of $13m. SP is 13c. Have not held for a long time but still keep an eye on it, was meant to have so much promise back when it was $1+!