AYM - Australia United Mining - Aussie Stock Forums

Results 1 to 11 of 11
  1. #1

    Post AYM - Australia United Mining

    Altius Mining Limited (AYM) is an emerging gold production and exploration company committed to the discovery, development and mining of economically viable mineral resources.


  2. #2

    Default Re: AYM - Altius Mining

    From Prospectus for Altius Mining;

    Strong Leadership, Experienced Board & Senior
    • The Board and Management Team have extensive and relevant
    industry experience in resource exploration, development and
    mining management.
    Gold Focus • The primary focus of Altius is gold production, exploration and
    mine development.
    Production, Exploration & Development Capabilities • Gold production from Forsayth, QLD post IPO.
    • Additional open cut development of gold mines from its Sofala,
    Karangi, and Gowulma-Gunners tenements, NSW.
    • Exploration advanced on NSW tenement portfolio
    Strategic Regional Position • Company holds over 3,000 km² at Forsayth and NSW with targets
    in highly prospective and established world class mining districts.
    Existing Gold Processing Plant • Gold processing plant at Forsayth is near completion.
    • Initial capacity of 100t/day for gravity recovery and 60t/day for
    fl otation.
    • Verifi ed 96% gold recovery
    • Signifi cant expansion capacity
    Resources and Targets* • Altius has, as set out in the Independent Geological Report,
    the following resources at it's Forsayth tenements in QLD: an
    indicated resource of 10,000t @ 10g/t Au and inferred resources
    of 69,000t @ 4.2g/t Au: 16,300t @ 31.0g/t Au: 34,000t @ 14.0g/t
    Au and 11,000t @ 18.9g/t Au: and an inferred resource at it's
    Sofala tenement in NSW of 4.6Mt
    @ 1g/t.
    • Immediate mineralisation targets based on historical data and
    recent Altius work of 3M – 4Mt @ 8-10 g/t Au at Forsayth, QLD:
    4M – 5Mt @ 4-6 g/t Au at Sofala, NSW: 200,000t – 500,000t @
    3-6 g/t Au at Karangi, NSW.

    Anyone done any reading on this yet? First glance ?

  3. #3

    Default Altius - AYM

    hi folks
    Any one keeping interest in AYM ?
    It is a new interesting IPO
    Company Name : Altius Mining Limited
    Phone : 1300 136 453
    Website : http://www.altiusmining.com.au
    Synopsis :

    Altius is an emerging gold production and exploration Company focused on the discovery, development and mining of its primary assets in Far North Queensland (FNQ) and New South Wales (NSW).

    Open Date : 14 Sep 2010
    Close Date : 5 Oct 2010
    Float Date : 21 Oct 2010
    Proposed Exchange/Ticker : AYM
    Issue Price : 0.2
    Amount Sought : 15000000
    Shares Issued : 75000000
    Market Cap : 52000000


    Last edited by Miner; 25th-October-2010 at 01:10 AM. Reason: added
    Miner :
    All sellers are inevitably, and by the meaning of the word, buyers so DYOR .

  4. #4

    Default Re: AYM - Altius Mining

    they don't seem to be floated yet ? ?

    Key DatesAllotment of New Shares 19 November 2010
    Despatch of shareholder statements 24 November 2010
    Estimated date for ASX quotation 1 December 2010
    this is what their website says....
    do you know anything much about them?

  5. #5

    Default Re: AYM - Altius Mining

    There seems to have been a delay in this companies float, does anyone know why?

  6. #6

    Default Re: AYM - Altius Mining

    Quote Originally Posted by Maroun View Post
    There seems to have been a delay in this companies float, does anyone know why?
    I suspect there were too many committed application through the brokers with no real money attached. Few cancellations were done at the last moment too.
    That way my guess is the IPO was undersubscribed and the brokers are trying to get more fund
    Miner :
    All sellers are inevitably, and by the meaning of the word, buyers so DYOR .

  7. #7

    Default Re: AYM - Altius Mining

    Had this one on my watch list for upcoming floats, seems to have dropped significantly from the .20c offering. Price down to 7c per share now. Went through the financial report and income has been reduced from nearly 3 million to 500k? Anyone done any research into this company?

  8. #8

    Default Re: AYM - Altius Mining

    Interesting day today, AYM dropped 23.08% down to $0.06 per share which equals its 52 week low from earlier in the year. Any ideas on the sudden drop?? The most recent announcements briefly mention a supreme court hearing initiated by a number of shareholders. I like this company, they look to have a strong growth strategy coupled with plenty of exploration and development projects in both QLD and NSW. Anybody else watching this one?

  9. #9

    Default Re: AYM - Altius Mining

    This is looking bad!

  10. #10

    Default Re: AYM - Altius Mining

    Announced that they have initiated their IP survey at Forsayth today, results should be interesting and out in the next few weeks

  11. #11

    Default Re: AYM - Australia United Mining

    On September 29th, 2014, Altius Mining Ltd changed its name to Australia United Mining Limited.

Similar Threads

  1. MML - Medusa Mining
    By crocdee in forum Stocks I-P
    Replies: 109
    Last Post: 9th-February-2016, 10:03 AM
  2. ATC - Altech Chemicals
    By Joe Blow in forum Stocks 0-H
    Replies: 2
    Last Post: 12th-November-2014, 09:52 AM
  3. UOS - United Overseas Australia
    By tnargak in forum Stocks Q-Z
    Replies: 8
    Last Post: 27th-February-2014, 07:51 PM
  4. Overseas owned companies mining in Australia
    By fatmango in forum General Investment and Economics
    Replies: 2
    Last Post: 25th-October-2012, 08:45 PM
  5. Australia's 3 Mines Policy
    By dj_420 in forum Commodities
    Replies: 8
    Last Post: 24th-July-2006, 08:03 PM

Tags for this Thread


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums