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DSX - Decimal Software

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Re: AVA - Aviva Corporation

A very undervalued stock for their Botswana coal alone. There is a lot of acquisition activity in the are by Indian conglomerates. CIC has had multiple offers in the $500m ball park and they are virtually next door. For a $15m market cap, I can't see any downside here, but plenty up upside. The chart looks pretty impressive too!
 
Re: AVA - Aviva Corporation

trading halt today.... is it a good thing or bad thing around this time of the year? hope there's a good news coming out..
 
Re: AVA - Aviva Corporation

MC - $14m
SP - 8.5c
Shares - 166m
Options - 7m
Cash - $1m

During the June 2012 quarter, Aviva continued work on its metals and energy projects in Africa.
Exploration activities continued to focus on the West Kenya Project and more specifically on drilling at the Kimingini and Bushiangala Prospects located within the Kakamega Dome area.
Results received to date continue to be encouraging.
A resource upgrade on the Bumbo base metal deposit was completed – the Resource was given improved confidence and moved 1.32 MT grading 4.37% Cu Equivalent – (2.29% Cu, 0.59g/t Au, 36.60g/t Ag and 5.02% Zn) into an Indicated category. Modelling of peripheral gold mineralization at Bumbo identified 290,000 tonnes grading 2.25g/t Au and 64.96g/t Ag. A further 500,000 to 700,000 tonnes of peripheral gold mineralization has also been identified with a possible grade of between 1.50 and 1.90g/t. This has been classified as an Exploration Target. Metallurgical test work is underway.
As announced on 3 May 2012, Aviva received confirmation that the Acting Commissioner of Mines and Geology in Kenya had registered Aviva’s 51% interest in Special Licences No. 123 and No. 213 on its West Kenya Joint Venture. This followed Aviva’s announcement on 26 October 2011 that it had achieved its 51% earn-in milestone as part of its joint venture agreement with AfriOre International (Barbados) Limited, a wholly-owned subsidiary of Lonmin Plc.
At the Company’s Mmamantswe Coal Project in Botswana, licences were renewed for a further two years. The area for renewal was reduced by 50% whilst the two licences, PL070 and PL069, were consolidated into a single licence covering 453.7 square kilometres. Aviva also undertook discussions with government stakeholders regarding the Company’s Environmental Impact Assessment for Mmamantswe.
During the quarter, Aviva issued 1 million unlisted ordinary options, comprising two tranches of 500,000 options each, as part of the Company’s Executive and Employee Option Plan.
On 22 June 2012, Aviva announced that it had agreed to issue 7.5 million convertible notes at a face value of $0.10 per note to the Company’s major shareholder, Sentient Executive GP IV Limited to raise A$750,000 to progress its projects in Africa and cover general working capital requirements.

• Results from drilling at Bushiangala in the Kakamega Gold Camp include the following highlights:
o 10.82m @ 3.96g/t Au from 48.60m (ASBSDD010)
o 9.04m @ 13.05g/t Au from 5.96m (ASBSDD012)
o 1.00m @17.1g/t Au from 4.96m (ASBSDD013)
o 2.50m @ 11.3g/t Au from 10.26m (ASBSDD014)
o 5.84m @ 8.52g/t Au from 67.25m (ASBSDD015)
• Aviva’s 51% interest in Special Licenses No. 123 and No. 213 (part of its West Kenya Joint Venture) registered by the Commissioner of Mines and Geology.
• Coal Prospecting Licenses at Mmamantswe Coal Project in Botswana renewed for a further two years
• Aviva met with Botswana Government stakeholders to discuss the final Environmental Impact Assessment (“EIA”) report for the Mmamantswe coal and power project.
• Aviva issued convertible notes to the Company’s major shareholder, Sentient Executive GP IV Limited to raise A$750,000 to fund progress on African projects and general working capital
• Negotiations regarding potential material corporate transaction close to finalisation.
• Bumbo Resource Upgraded to - Indicated Category

I don't like companies that talk in metal equivalents. Eg, the CuEq resource AVA I have highlighted at the top.
If your resource isn't big or strong enough, don't spin it.
 

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Re: AVA - Aviva Corporation

EXPLORATION UPDATE – WEST KENYA


Drilling at the Bushiangala Prospect in West Kenya continues to deliver encouraging assay results and high grade intercepts including:
ASBSDD020 2.58m @ 6.80g/t Au from 56.32m

ASBSDD021 9.00m @ 10.89g/t Au from 58.25m
-1.63m @ 7.57g/t Au from 75.30m

ASBSDD023 1.04m @ 3.01g/t Au from 127.63m

ASBSDD025 3.20m @ 19.85g/t Au from 2.66m
 
Re: AVA - Aviva Corporation

SH,aren't AVA selling this asset to Barrick Gold ?I found the ann. confusing.Cheers Al
 
Re: AVA - Aviva Corporation

Sh.,thx for the quick reply,are these grades good for AVA or Barrick?The 20m being paid to AVA is nothing to be sneezed at though.BTY,busy pruning atm?We used to grow fruit at Renmark.
 
Re: AVA - Aviva Corporation

albaby said:
Sh.,thx for the quick reply,are these grades good for AVA or Barrick?The 20m being paid to AVA is nothing to be sneezed at though.BTY,busy pruning atm?We used to grow fruit at Renmark.
Click to expand...

IMO, the question should be who is realistically in a better position to get this mine to production? Barrick think they can, if AVA really thought they could they would be unlikely to sell it.
In that event it looks like a good deal for both.
i know alot of specs who would trade a project plus their left testicle for $20m plus cost reimbursement.
The critical thing for AVA now is how to best put the coin to maximum advantage.

Pruning peaches as i post :)
 
Re: AVA - Aviva Corporation

Cloud computing and the market seems to like the move..
Didnt see this coming...
 
Re: AVA - Aviva Corporation

Paavfc said:
Cloud computing and the market seems to like the move..
Didnt see this coming...
Click to expand...

The rising share price over the last couple of months would indicate that someone saw it coming :) we mug punters are left to wonder if this is another Xero or just another Zero...to me it looks like a good punt so have added AVA to a watchlist and will follow with interest.
 
Re: AVA - Aviva Corporation

6c per share payout, 1 for 3 consolidation.

I do not see AVA at these levels to long.

Last year an 11c placement to management and their shares will be consolidated which means there holding will worth a 3rd of what it was +6c

11c will be the equal of 3.6c once consolidation + 6c so = 9.6c.. Don't see that working !!!

Tipping 33c + 6c
 
Re: AVA - Aviva Corporation

Paavfc said:
6c per share payout, 1 for 3 consolidation.

I do not see AVA at these levels to long.

Last year an 11c placement to management and their shares will be consolidated which means there holding will worth a 3rd of what it was +6c

11c will be the equal of 3.6c once consolidation + 6c so = 9.6c.. Don't see that working !!!

Tipping 33c + 6c
Click to expand...

0.06c or 0.006c ROC? i just had a quick look at the non interesting part of today's announcement and thought it was a 0.006 return of Capital.
 
Re: AVA - Aviva Corporation

So_Cynical said:
0.06c or 0.006c ROC? i just had a quick look at the non interesting part of today's announcement and thought it was a 0.006 return of Capital.
Click to expand...

Return of capital of $0.06 per share to Aviva Shareholders at the Record Date which will be
prior to the Acquisition (“Return of Capital”)

You had me worried there !!!
 
Re: AVA - Aviva Corporation

Paavfc said:
6c per share payout, 1 for 3 consolidation.

I do not see AVA at these levels to long.

Last year an 11c placement to management and their shares will be consolidated which means there holding will worth a 3rd of what it was +6c

11c will be the equal of 3.6c once consolidation + 6c so = 9.6c.. Don't see that working !!!

Tipping 33c + 6c
Click to expand...
Based on the current shares on issue, excluding options, I get a post-consolidation equivalent of 526,493,287 shares. Subtracting 6 cents per share [return of capital] to calculate the market cap, comes to $71m at today's closing price.

I get post-consolidation shares will be around 178,497,762, which, after the capital return, will equate to a 40 cent share price based on today's close (i.e., 19.5 cents, less 6 cents, x 3).

:)
 
Re: AVA - Aviva Corporation

So_Cynical said:
0.06c or 0.006c ROC? i just had a quick look at the non interesting part of today's announcement and thought it was a 0.006 return of Capital.
Click to expand...
Six cents

Currently 188,993,287 shares on issue x 6 cents = capital return of $11,339,597 or so. :)
 
Re: AVA - Aviva Corporation

On April 14th, 2014, Aviva Corporation Limited (AVA) changed its name and ASX code to Decimal Software Limited (DSX).
 
On December 31st, 2018, Decimal Software Limited (DSX) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between DSX and its shareholders in connection with the acquisition of all the issued capital in DSX by Sargon Capital Pty Ltd.
 

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