Australian (ASX) Stock Market Forum

AEV - Avenira Limited (1 Viewer)

Joined
Nov 6, 2005
Posts
915
Reactions
0
:)

Hi folks,

MAK is scheduled to list this week, on 10102006,
with the following astroanalysis:

10-18102006 ..... underlying negativity

16102006 ..... minor

19-23102006 ..... 2 cycles may bring a big slide???

23102006 ..... more negative news ... ???

03-06112006 ..... same price as 23102006 ... ???

10-13112006 ..... negative cycle (finances???)

15112006 ..... negative spotlight on MAK

24-27112006 ..... significant and neagtive ???
Possible longer-term changes here.

04122006 ..... significant and negative news,
same price as 23102006 ... ???

05122006 ..... minor

15122006 ..... minor

22122006 ..... minor

29122006 ..... significant and positive

05-08012007 ..... minor

11-12012007 ..... 2 cycles = very significant & positive news???

22012007 ..... significant and negative - finances???

2401-06022007 ..... underlying negative cycle.

Overall, NOT very exciting prospects ahead, over
the next few months ..... :)

happy days

yogi

:)

=====
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
Re: MAK - Minemakers

I'm not sure what Yogi saw,

But heres what I see,


MAK

Mkt Structure


Shares

50m + 10m 30c 31/12/08 options
So 50m fully diluted UNTIL 30c
Mkt Cap @ 20c = $10m
Mkt Cap @ 40c = $24m
Mkt Cap @ 60c = $36m

Cash

$2.75m + $3m from opies = $2.75m - $5.75m



Projects


Fraser Iron Project
Magenite Iron, 100%, W.A.
5km's to the East Grange (Mkt cap $150m+) has outlined JORC of 458Mt@37% Magenite Fe over 6km's

MAK has 2x4km + 1x1km targets that appear to mirror Grange's and will be drill tested soon.



Tasmanian Tin and Tungsten
Tin and Tungsten, 100%, Tasmania

Calims to have the 2nd Largest Tin Inventory of any ASX Listed Stock (See ann's)

Drilling very soon



Summary

Enough cash to see it through this round of exploration,

A similar Magenite Discovery next door to Grange would be huge and almost guarantee a take over from Grange,

The Tin Tunsten looks interseting, needs JORC to back up the claim of 2nd Largest Tin Inventory of any ASX Listed Stock.

Very Spec but highly leveraged to success
 
Joined
Nov 30, 2006
Posts
36
Reactions
0
Re: MAK - Minemakers

Hey YT - nice timing - off with a bang this mornin!

Good article just out in the australian

".....Mr Drummond points to the other main world suppliers: Syria, Libya, Israel and Moroccan-occupied Western Sahara.

Minemakers is counting on buyers being interested in finding other sources where the political risk is lower, so it's no surprise that the company is already talking to an Asian trading company." Robin Brumby

http://www.theaustralian.news.com.au/story/0,20867,21246564-5005200,00.html
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
Re: MAK - Minemakers

Drill rig should be moving on site today to test the Fraser Iron Project,

I think 3 Diamond drill holes are to be drilled, remember if they find Magenite Iron watch out as 5km's to the east Grange Resources (Mkt cap $150m+) has outlined JORC of 458Mt@37% Magenite Fe over 6km's
 

kennas

On the hunt
Joined
Apr 21, 2006
Posts
15,378
Reactions
320
Re: MAK - Minemakers

Market cap seems pretty low for something that claims to have the largest combined tin and tungsten position in Australia (Aberfoyle and Storey's Creek in Tassie).

Should ann both the Fraser Iron drilling and the Aberfoyle drilling commencement in the next 2 days according to their anns.
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
Re: MAK - Minemakers

kennas said:
Market cap seems pretty low for something that claims to have the largest combined tin and tungsten position in Australia (Aberfoyle and Storey's Creek in Tassie).

Should ann both the Fraser Iron drilling and the Aberfoyle drilling commencement in the next 2 days according to their anns.

Hey Kenna,

You know much about Tin Tungsten?

I'm not that cluey re who the majors are in Aus re Tin Tungsten, nor do I know where the really prospective Tin Tungsten areas of Aus are,

Could it actually have the 2nd Largest ASX inventory of Tin Tungsten? I couldn't find a JORC though :confused:

You?
 

kennas

On the hunt
Joined
Apr 21, 2006
Posts
15,378
Reactions
320
Re: MAK - Minemakers

Not sure about other producers.

MAK have a pretty good web site. I like a company with a good web site. :)

Here's some info on the Tin - Tungstan tenaments they've picked up and info on the resource:

TUNGSTEN & TIN PRICE OVERVIEW

After the collapse of the tin producer cartels in the early 1980s, the tin price declined. However, it rose strongly in 2003 and its future seems assured. It is generally considered that the long-term outlook for tin is very positive as identified supplies seem less than projected demand and there is already a significant supply deficit. Until recently, the tungsten price has been fairly stable, with China supplying most of world demand. However in 2005, that country was not able to do so and prices have increased dramatically. Minemakers has a positive view on the future tungsten price in light of world consumption growth, Western mine closures and Chinese export limitations.

TENEMENTS & EQUITY POSITION

Minemakers has purchased outright Allstrong Investments Pty Ltd which wholly owns granted Exploration Licences 27/2004, 28/2004 and 29/2004 and has an option to purchase 55M/1989 over the historic Anchor mine.

AUSTRALIAN SIZE CONTEXT

This area of northeastern Tasmania is one of Australia’s premier tungsten and tin mining fields and Minemakers’ tenements cover all of its major hard-rock mining centres.

HISTORY AND OUTLOOK

The Rossarden or Avoca (containing Storey’s Creek and Aberfoyle), the Upper Scamander and the Anchor or Blue Tiers mining centres in the tenements have historically produced from hard-rock mining about 25,000 t of Sn and 18,000 t of WO3. At recent prices of AUD11,000/t for Sn, and AUD250/metric tonne unit of tungsten oxide (WO3), this equates to a value of over $600M. Production spanned the interval from the 1891 to 1982. Tin quotas in the 1980s and then prolonged weak tin prices caused closure of the mines and the abandonment of the patchwork of smaller tenements which had characterized these mining fields. With minor exceptions, Minemakers has obtained clear title to all of the major fields and deposits in the district. While Minemakers initially intends to concentrate on the old mines, from an exploration viewpoint in due course this will allow the Company to seek further deposits by modern exploration methods without the encumbrance of a fragmented landholding. Significant prospects are evident from the historical reports and plans and exploration success will lead to production longevity.

CURRENT RESOURCES

Further details are presented in the discussions on the individual deposits.

ABERFOYLE

In a conceptual pit to a depth of 110m, a pre-JORC resource estimate of 5.5 Mt @ 0.1% Sn @ 0.06% WO3 was made. This covers only a zone around the main old underground workings and Minemakers perceives considerable upside along strike and nearby.

LUTWYCHE

A pre-JORC estimate of 1.1Mt @ 0.45% tungsten and 0.45% tin is recorded. A shaft to about 40m depth accesses this deposit.

GREAT PYRAMID

Depending on cut-offs used pre-JORC, resources were estimated at between 3.0 and 8.3 Mt @ 0.22% - 0.19% Sn. The system is open in all dimensions and its location on a hill and ridge favours the economics of an open cut mining operation.

ROYAL GEORGE

Based on historic drilling, a pre-JORC inferred resource of 1.2 Mt @ 0.34% Sn was estimated and this is open at depth and along strike. The topography again favours a future open cut operation.

STOREY’S CREEK

The Storey’s Creek mine has lesser surface drilling. However, the extent of stockwork mineralization exposed at surface and indicated in historic plans of old workings and drillholes leads to strong optimism that a large resource, amenable to open-cut mining, can be defined.
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
Re: MAK - Minemakers

Hey Kenna,

$8.5m mkt cap sounds about right

Thanks for the info, looks like they really do have some cool Tin and Tungsten projects going, happy I'm in, especially since recent listing Wolf Minerals has a mkt cap of $20m, at $20m MAK = 33.5c

And then MAK does have the spec upside from the Magenite Iron Ore project
 
Joined
Oct 7, 2006
Posts
877
Reactions
0
Re: MAK - Minemakers

Very interesting company, with some not so fashionable minerals, such as phosphate, salt and Fluorite, in addition to t$in, tungsten, iorn ore, nickel and gold.

I like Phosphate, for fertilizer linked to soft commodities - another group of commodities need attention;

I like Fluorite, for processing uranium

But the price action is a bit of strange. The relay suddenly lost momentum, and no one is interested in it ATM.

With approx 26m tradeable and another 26m non-tradeable shares (incl 0.1c option), and 12m options at 30c, it is a very small company with a lot of goodies. I might throw in some money to generate interests, or should I wait?
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
Re: MAK - Minemakers

Up to you mmmmining,

But holy cow have you got your synergies sorted out! 1+1 = 11!!!!!!!!!!!!!! :p:
 

kennas

On the hunt
Joined
Apr 21, 2006
Posts
15,378
Reactions
320
Re: MAK - Minemakers

What sort of value do you guys see in the 30 cent 31 Dec 08 options currently around 5 cents?

Current sp 17 cents. Bit of a way to go to be in the money, but Dec 08 gives them plenty of time...

Good drill results in this climate should give it some support....
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
Re: MAK - Minemakers

I hold 100k MAKO paid around 5.5c for them I think,

I know there well out of the money, but I find that with plays like MAK and there are a few, if you take the higher risk higher leverage approach, you onl need it to pay off 1 in say 10 times to make it worthwhile, ie if MAK strike large zone of Magenite Iron I'd expect SP to rocket to 60c+

So buy $5.5k of shares at 17c = 32.5k shares, at 60c = $19.5k profit = $14k

Buy $5.5k opies = 100k @ 5.5c SP 60c = opies 30c + = $30k profit = $24.5k

I know way higher risk but I prefer leverage, but thats just me
 
Joined
Oct 7, 2006
Posts
877
Reactions
0
Re: MAK - Minemakers

YOUNG_TRADER said:
Up to you mmmmining,

But holy cow have you got your synergies sorted out! 1+1 = 11!!!!!!!!!!!!!! :p:
Believe it or not 1+1=11 is the same as 1+1=3, figure it out?

Kennas did pointed it out the option price. I noticed some out of money options for junior explorers is priced highly, while the other in the money options are traded at discount. I guess because of liquidity issue.
 
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
Re: MAK - Minemakers

Attached Image of upcoming Iron Drilling and nearby Magenite Deposit
 

Attachments

  • MAK Iron resized.jpg
    MAK Iron resized.jpg
    55.5 KB · Views: 1,196
Joined
Feb 18, 2006
Posts
4,199
Reactions
0
Re: MAK - Minemakers

skegsi said:
posting images now YT? :D

Yep,

Now that I know how to do it, whenever its relevant I shall,

The above picture explains what MAK is going after much better than I could in words,

What are your thoughts of the radiometrics?
 
Joined
Nov 9, 2006
Posts
76
Reactions
0
Re: MAK - Minemakers

Just been surfing through looking at your new posts so I know nahsing about MAK... or radiometrics at that.
I knew you were pretty happy getting the map on BLZ up and just thought I'd give you a few kudos on this one.

cheers mate
keep up the good work
 
Joined
Oct 7, 2006
Posts
877
Reactions
0
Re: MAK - Minemakers

YOUNG_TRADER said:
Mining if you drink and trade your a bloody idiot! :p: (Joking joking :D )
You must be a Victorian. I have seen it posted on the road side.

MAK down a cent, I might wait for a couple of more days until I have seen some indication of any strength in price.

But I have to admit the fundamental is excellent, I just need an entry point.
 

Users who are viewing this thread

Top