AGR - Aguia Resources

[System]

Aguia Resources Limited (AGR), was formerly known as Newport Mining Limited (NHM).

 

[mr. jeff]

I must apologize for not announcing earlier the mentions of this in the media, I think it was the Australian's "pure speculation" column that mentioned it first, but it has featured every now and then in the fin review, and for a small start up explorer of potash that is enough to justify a quick look.



Their chart shows large interest with a lot of buying.
THERE IS VERY LOW LIQUIDITY AT THE MOMENT

AGR has very speculative, promising ground to explore in Brasil, some adjacent to a large existing Vale tenement currently underway. This may just be nearology, but the buying suggests that there is more promise to it. I hold this stock and you must consider that there is virtually no selling available, so it may not be worth the bid, but for completeness of the history of this stock I have added this info. current MC approx. 65M.

 

[mr. jeff]

I just read the pure speculation column of todays date and it sounds like I have ripped it off. This is pure coincidence but nonetheless self reinforcing. Anyway, if anyone is looking, then you may as well go

http://www.theaustralian.com.au/bus...and-other-stocks/story-e6frg9ex-1226013129247

and have a look near the end of the article.
So far today AGR is maintaining its strength; at 1.18.

 

[frugal.rock]

Meh, I will claim a ten year thread update, what's a couple of weeks...

Was hoping for the 10cent play zone but appear to have missed it again... dagnamit
Hopefully a pullback?
Got no idea on FA...?
Was loved once apon a time...

A way back chart.

 

[Dona Ferentes]

(from Stockhead ) Aguia Resources, now chaired by Warwick Grigor, is attempting to sew up its acquisition of Andean Mining.

The deal would help the Brazilian phosphate and copper hopeful shift its focus to neighbouring Colombia, where Andean has already conducted trial mining at the high grade Santa Barbara gold mine.

William Howe’s Andean has also reported strong drill results at its Atocha and El Dovio precious metals and copper projects.

A best hit of 20.14g/t Au and 723g/t silver over 0.8m has been struck at Atocha, while one of 34 drill intercepts at El Dovio contains 5.8m at 8.14g/t Au, 6.92% Cu, 39.41g/t Ag and 1.46% zinc.

That makes it a target for potential high grade volcanogenic massive sulphide copper mineralisation.

So far Aguia has taken its voting power in Andean to 46.14%, with the news yesterday bolstering investors’ hopes the off-market deal will get done, lifting its shares by 33%.

 

[greggles]

Tightly held company that just raised $2.5 million to advance their gold and phosphate mining assets in Colombia and Brazil respectively.

It's been on a bit of a tear in the last 9 months, rising in price from under 1 cent in December 2023 to 3.5c today. I'm hope that the recent bullish share price momentum will continue a little longer and push AGR over 4c during September.

 

[Dona Ferentes]

Tightly held company that just raised $2.5 million to advance their gold and phosphate mining assets in Colombia and Brazil respectively.

It's been on a bit of a tear in the last 9 months, rising in price from under 1 cent in December 2023 to 3.5c today. I'm hope that the recent bullish share price momentum will continue a little longer and push AGR over 4c during September.

now $0.040 (was above 5c earlier)
...and ...
TH pending an anticipated announcement by the Company regarding a proposed capital raising.

just had AGM:
The high-grade and potentially very profitable Santa Barbara Gold Project has given excellent gold exposure to the Company in a time of a strongly rising gold price.

It has enabled the raising of equity funds to ensure that the re-opening of the Project can occur without the need to take on debt. The recent trial mining of 500 tonnes of mineralised veins for the recovered grade of 20 gpt, by the previous owner of the project, gives us confidence that this will be very rewarding project for Aguia.

There are two aspects of Santa Barbara that need to be mentioned. Firstly, the opportunity to establish a high-grade low-cost operation is instrumental in building a platform on which to grow the Company. The lack of a JORC resource right now should only be a temporary impediment.

We expect to commence drilling in the March Quarter of 2025, with a view to calculating a JORC resource as early as possible. Given the extensive exposure of the near-vertical and linear veins in the adits that have already been developed, there is a high level of confidence in where the mineralisation is, its geometry, the mining conditions and the expected grades.

The second point is the presence of veins that have been mapped for a cumulative strike length of approximately 7 km. We will be drilling these in 2025, with a view to better understanding just how extensive the mineralisation really is. We believe the exploration upside is very significant....

 

[peter2]

Selected for the Mar25 monthly comp.

Is a gold/copper explorer in Columbia and has just cleared judicial concerns about their phosphate proj. in Brazil.

It's all about the gold/copper. Phosphate is a tough gig to make a profit.
Price breaking out to new highs and charging higher in March.

 

[Dona Ferentes]

Selected for the Mar25 monthly comp.
.
Price breaking out to new highs and charging higher in March.

until it hit a wall...

Trading halt is requested to facilitate an orderly market in the Company’s securities pending an anticipated announcement by the Company regarding a proposed capital raising

 

[Dona Ferentes]

$0.040

COMPLETION OF $1.5M SHARE PLACEMENT TO ACCELERATE SANTA BARBARA DRILLING PROGRAM​

Highlights
- Placement of 40 million fully paid ordinary shares at $0.038 per share to raise $1.520m before cost, including 1 million ordinary shares subscribed for by Directors.
- Funds raised will be for the expansion of Santa Barbara gold processing plant, commencement of drilling at Santa Barbara leading to JORC resources and general administration and working capital.
- The Placement price of $0.038 represents a 5% discount to the Closing Price on 4 March 2025, being the last trading day prior to the announcement of this Placement
.
pretty tight, may even trade higher at open?

 

[Robbo]

A very interesting close to the week, the auction getting it to 4.9c finishing up nearly 20% for the day, any drilling results due soon?

Not holding

 

[peter2]

Whoa, noticed that AGR hadn't moved in the morning, but clearly somebody has bid it up on little volume in the afternoon.

 

[Dona Ferentes]

AGR is launching a Share Purchase Plan (SPP) - each shareholder can apply for up to $30,000 worth of Aguia shares at $0.04 (4 cents) per SPP Share.

Aguia proposes raising up to $3 million before costs (75,000,000 SPP Shares) under the SPP. The Board may at its discretion accept oversubscriptions.

 

[Dona Ferentes]

on a slide going down

$0.029

COMMITMENTS FOR LOAN FUNDING OF $2.687 MILLION​

Aguia Resources Limited (ASX:AGR) is pleased to advise that it has received commitments for loan funding of $2.687 million before costs. This includes $500,000 committed by Executive Chairman, Warwick Grigor (or his nominee). The loans are subject to the execution of formal documentation and receipt of loan funds by Aguia.Loans have a repayment date that is 12 months after funds are received by the Company (subject to a further 12 month extension at the election of the lender) and accrue interest at a rate of 10% per annum (such interest being payable bi-annually in cash). Loans are repayable in (convertible to) shares at a repayment price of $0.035 per share at the election of the lender, subject to shareholder approval in reliance on ASX Listing Rule 7.2 Exception 17. The Company will seek shareholder approval following an election to convert the loan to shares being received from the lender. If shareholders do not approve the issue of shares in repayment of the loan following an election by the lender, the loan will remain repayable in cash on the repayment date.

Loans from unrelated lenders are to be secured against the shares held by the Company in Andean Mining Limited, which holds the rights and interests to the Colombian operations of the Company. The loan funding committed by the Executive Chairman, Mr Warwick Grigor, will be provided as an unsecured loan which is proposed to become secured on the same terms as loans from unrelated lenders, subject to ASX granting a waiver of Listing Rule 10.1. The Company proposes seeking a waiver of Listing Rule 10.1 from ASX in the coming days and will provide updates as and when received. If a waiver of Listing Rule 10.1 is not granted by ASX then the loan provided by Warwick Grigor (or his nominee) will become repayable in cash shortly after ASX advises the Company that the waiver has not been granted.

Loan funds received will be applied toward continuing mine development, drilling and exploration of Aguia projects and for general working capital.

The Company has agreed to issue lenders unlisted options, subject to shareholder approval. The number of options to each lender is equal to the number of shares that would be issued to repay the loan of that lender in shares at the repayment price. Options will have an exercise price of $0.045 (4.5 cents) and expire 24 months from issue. If shareholder approval is not received, options will not be issued. The loans are not conditional upon the issue of the options.