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ANU - Aconcagua Resources

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Nice job Greg

Up to 2.05 awhile ago, back to 1.94 now - still well up on the day.

I sold enough to cover my original investment at 75c so I am just enjoying the ride now. It sure has been a wonder to behold. What has amazed me is the steady accumulation, not the ups and downs of most of my other speccies. Almost feels like someone is just quietly and steadily buying up - somebody likes this story!

I keep thinking it must retrace sometime, but it hasn't happened yet...

Maz
 

I reckon Martin Place are still spruiking this to their clients. Hence the incessent buying.
 
Happy to say, I am lucky to have got in at .45 and .49. But indeed with rest of market red, this looks pretty good. Unfortunately I dont really understand mining and have no idea where this is going to go or why it has gone to where it is.

Would appreciate guidance
 
I would suggest some research starting with the company website and possibly the earlier messages in this thread.

I wouldnt advise on investing in something you dont know about
 
Thanks prawn.

Naturally have done the basic research. What I meant is that i do not really know how to analize the metallurgical stuff.

D
 
Metallurgy can be hard to get your head around.

There is a guide titled something like 'basic geology' or something, but if you have time i would just suggest reading through previous threads and asking questions here and there to try and pick up what are good grades for each different metal.

Alternatively you could get a geology degree
 
Thanks, just signed up for geology degree. Luckily dont need that to understand the nice appreciation of the stock price over the lst couple of weeks.
 
Finally a day where ANU is going backwards. Think some consolidation is probably necessary. Let's see where this takes us.
 
prawn_86 said:
I would suggest some research starting with the company website and possibly the earlier messages in this thread.

I wouldnt advise on investing in something you dont know about
Click to expand...

Hi do they have a company website?

thx

MS

-Aconcagua Resources Limited (ANU, formerly Powerise Technology Limited) is involved in mineral and energy exploration and minerals trading.
 
A religious company...hmmmmm. So that's what explains the SP hike.


"16 November 2007

Dear Sir

Resignation of Director

I advise that I am in receipt of the resignation of Mr Andrés Susaeta as an Executive and a Director of Aconcagua
Resources Limited.

Mr Susaeta has been undergoing a stressful time with health issues within his family. Mr Susaeta has advised that:

“the difficult family moments that I live prevent me from giving all the dedication and attention that our activities in
Chile demand, and especially the development of the auspicious project in Ecuador. I have decided to
concentrate my energies and efforts in bearing this difficult test that God has presented me with, in the hope that
everything will turn out well.”
My Board is sad to lose Mr Susaeta’s services. We wish him well and pray that the problems that he faces will be
overcome.

Yours faithfully
Aconcagua Resources Limited"
 
gregcourageous said:
i would LOVE some consolidation so i can get back in... $1.50 / 1.60 would be nice, then onward and upward.
Click to expand...

Well it has back tracked to where you wanted. Did you get back in? Seems to have stalled again like it did around the 0.90's. Hopefully we can have another run sometime soon. Would be a nice Christmas pressie
 
whats happening with Aconcagua ANU? why is it heading south? any ideas? should i be buying or selling at these prices?
 
I too am interested in the metalurgy. Seems like they have a mix of magnetite (yuck) and something called ilmenite. this is not DSO, they have to smelt it on-site first. That means they need not just transportation infrastructure, but cheap energy on site and large capital expenditure for the smelter.

The only advantage of smelting to merchant pig iron is that their infrastructure needs will be somewhat reduced because MPI is a higher margin, lower tonnage product.

Very, very early days for a company currently with a cap over a hundred million.
'
In the current investment climate, I would be looking more at DSO type projects that have an 08 shipping date, and keep a weather eye on ANU.
 
i know that Ilemite is a type of mineral sand. As it is a by-product (if you will) of zircon mining.

It is a lot cheaper than zircon but is still profitable on its own.

Not sure how it relates to MPI though
 
ilmenite is an iron oxide - you can smelt it to get pig iron and a 'titanium rich slag'

"The Balla Balla magnetitite-iron-titanium-vanadium ore deposit, in the Pilbara of Western Australia, contains ~600 million tonnes of magnetite-ilmenite cumulate ore horizon grading 58% Fe, 14% TiO2 and 0.8% V2O5, one of the richest magnetite-ilmenite ore bodies in Australia. The ore deposit is scheduled to be mined in mid-2009, to produce in excess of 480,000t per annum of ilmenite product, by Australian mining company Aurox Resources Limited."

Looks like Aurox is doing something similar, so the current price of iron must justify using this unusal source of iron. the recent AGM aurox presentation is fairly instructive - they plan to pipe the concentrate 'slurry' from mining site to port, then ship the slurry to the chinese steel mills.

ANU is much more ambitious - they intend to produce iron on site. I think the advantage of the sands is that the initial seperation process is easier because they dont have to grind the crap out of it. How much easier (i.e. cheaper) , I dont know. Certainly the smelting plant is not going to come cheap, or without siginificant technical challenges.
 
Yeah, well i suppose that is what we are waiting to hear. How much it will cost them to process the stuff.

Interesting is though that from 2001-2005 Ecuador exported 0 (zero) iron ore. Source www.intracen.org.

By the way stefoid, where did you read that thay plan to produce on site? I seem to have missed that.

Thanks
 

One of their recent presentations which you can find in their announcements that companies like these announce sometimes (is that 100)
 
New research report available on ANU on the Martin Place Securities website.

Worth a read on the basis of their strong buy recommendation and predicted PE of just 0.17 at full production within 4 years (or EPS of $5.13/share, compared with current share price of $1.10). If you ascribe a future PE of 10, then this is potentially a 60-fold increase. While some dilution would be expected due to future capital raisings, the report has already factored in and estimated $50 million capital raising by issuing 25 million shares at $2.

Longer term one, but bought a few as a speculative punt on the basis of the report

Cheers, V
 
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