AOH - Altona Mining

[Minerbarejet]

Anybody holding this? Been bouncing for ages but never quite high enough. Maybe a few springs gone in the tramp. :)

[adventi]

Altona's Explorer of the Year

[adventi]

http://www.altonamining.com/static/uploads/documents/Under_the_Radar_15-11-12.pdf

[macduffy]

http://www.altonamining.com/static/uploads/documents/Under_the_Radar_15-11-12.pdf

Perhaps this will excite a bit of action into the SP!

Its been on my watchlist for a while now - see thread "Copper Company?" - but I've needed a TA reason to get involved. Maybe now. The Roseby/Xstrata angle is compelling for me. Finland less so although that's where the early cashflow should start.

[Minerbarejet]

Thanks for the interesting article - had accumulated a few more at 26.5 today before I read the thread. Christmas might be interesting to say the least. When I bought originally it was suggested that something north of 12c was quite on the cards - this was when it was Universal and prior to the
1 for 10 consolidation. Do your own research but it looks good for a bustout shortly.
But do have a nice day.

[Minerbarejet]

Bigger support at .26 today - lets see who blinks first

[adventi]

Today is merger/takeover Glencore/Xstrata decision -- Glencore’s plan to create the world’s fourth-largest mining company. Investors in Glencore, already owns 34 percent of Xstrata. There’s a 90 percent chance the acquisition will be approved.

[Minerbarejet]

Today is merger/takeover Glencore/Xstrata decision -- Glencore’s plan to create the world’s fourth-largest mining company. Investors in Glencore, already owns 34 percent of Xstrata. There’s a 90 percent chance the acquisition will be approved.
And it has - what now for Altona and Glenstrata - still needs a decision I presume

[macduffy]

And it has - what now for Altona and Glenstrata - still needs a decision I presume

The decision - by Xstrata - to buy 51% of the Roseby tenements has been made. According to AOH's latest presentation, what is awaited now is a determination of value by the nominated "expert".

[Minerbarejet]

sorry, should have added "on the value"

[Minerbarejet]

anyone know whats going on here yet?

[macduffy]

Getting close.

D Day is 17 January.

http://www.asx.com.au/asxpdf/20121224/pdf/42c4rs5lrgrdrn.pdf

[Minerbarejet]

[QUOTE=macduffy;389779]Getting close.

D Day is 17 January.

http://www.asx.com.au/asxpdf/20121224/pdf/42c4rs5lrgrdrn.pdf[/QUOTE


wow - this mornings announcement gave everything a hurry up. xstrata letting its option lapse indicates to me Imho that the fair value price is much higher - could this be correct?
Talking of trampolines - boing back to 28 from 22. Talk about shaking out the weak players. Whew

[macduffy]

Comment from the SMH:

http://news.smh.com.au/breaking-news-business/xstrata-pulls-out-of-qld-copper-project-20130114-2cpc8.html

Still on my watchlist.

[Minerbarejet]

Still in and bought more at .255

[Minerbarejet]

Producing mine making interesting reading with high grades in Finland -shame about the SP which appears to not reflect the resource at Roseby at all.
http://www.altonamining.com/static/uploads/documents/high_grade_drill_results_at_the_kylylahti_mine.pdf