The Big Ease
06-04-2008, 08:42 AM
I subscribe to the eureka report, in which charlie aitken brought up the following company: AQA, Aquila resources. interestingly, nobody picked this company in the stock comp, despite it being of fairly significant size and the board being dominated by resources companies.......I dont know much about resource co's, so i thought i would bring this up for discussion and input from those with a better understanding of how to assess a resources co's prospects. at first glance, it looks interesting. very interesting. here is a brief summary of what aitken included.
Aquila has a growing market cap of $2 billion and is primarily concerned with iron ore and coal.
Apparently not covered by any brokers
Investors on its register include the private mining group AMCI Investments; the UK-based specialist mining funds of the Blackrock Group and the US-based specialist mining funds of Gabelli & Co.
Chief executive owns just over 30% of the issued capital, and with other board members that ownership level moves to just over 50%
Approximately $200 million in cash and liquid investments.
Pipeline of projects that gives the company leverage to coal and iron ore
PRODUCTION
Isaac Plains Coal Project
PRE FEASIBILITY
the Peak Downs East underground coal project; the Belvedere Coal underground project and the West Pilbara Iron ore Project
SCOPING STUDIES
scoping studies under way on the Washpool Coal Project, the Red Hill Coal project, the Northern Cape Iron ore Project and the Thabazimbi iron Ore projects;
IN EXPLORATION
Asenjo Energy coal project, the East Pilbara Iron Ore Project and a number of licences in the Bowen Basin.
would be interested in your thoughts.
thanks in advance.
TBE
Aquila has a growing market cap of $2 billion and is primarily concerned with iron ore and coal.
Apparently not covered by any brokers
Investors on its register include the private mining group AMCI Investments; the UK-based specialist mining funds of the Blackrock Group and the US-based specialist mining funds of Gabelli & Co.
Chief executive owns just over 30% of the issued capital, and with other board members that ownership level moves to just over 50%
Approximately $200 million in cash and liquid investments.
Pipeline of projects that gives the company leverage to coal and iron ore
PRODUCTION
Isaac Plains Coal Project
PRE FEASIBILITY
the Peak Downs East underground coal project; the Belvedere Coal underground project and the West Pilbara Iron ore Project
SCOPING STUDIES
scoping studies under way on the Washpool Coal Project, the Red Hill Coal project, the Northern Cape Iron ore Project and the Thabazimbi iron Ore projects;
IN EXPLORATION
Asenjo Energy coal project, the East Pilbara Iron Ore Project and a number of licences in the Bowen Basin.
would be interested in your thoughts.
thanks in advance.
TBE