a stock which is seriously under the radar IMO... perhaps its the liquidity or perhaps 76% of the register is held by top 5 which makes it impossible to trade with decent liquidity or perhaps its been less active in promoting their projects... By saying this, it did decent volume on 18 March 2016 and that was all at 2c... so perhaps once it reaches there it will hit the decent volume again.
Top five and the recent raise...
Min Yang who owns 19% approx participated with 300k in recent raise. She is also a director of AIV.
Elite Ray owns 10% of the company and participated with 170k in the raise.
Union Sino owns 16% participated with 255k in the raise.
Great Scheme owns 19% and participated with 305k in the raise.
Dongmei Ye who is also a director holds 100m shares which is approx 12% of the company.
So the top 5 almost owns 76% of the company and participated with 1m plus in the recent raise.
However, I am more excited due to the quality of the projects...
Barambah gold-silver project
Barambah gold-silver deposit total Inferred Mineral Resource of 363,000t @ 1.47g/t Au and 61.8g/t Ag (for 17.2Koz Au and 722Koz Ag contained - ASX 13 February 2015
Lake Chandler Potash Project
This drilling has been used to estimate a JORC compliant inferred resource of 5.8 million tonnes of 5.7% K2O. Limited drill testing is required to improve this estimate to measured and indicated status.
Coulstaon Copper and Gold project
Coalstoun copper deposit total Inferred Mineral Resource of 26.9Mt @ 0.38% Cu (for 102,700t Cu contained); including a supergene copper Inferred Mineral Resource of 7.0Mt @ 0.47% Cu (for 32,700t Cu contained) in the partially oxidised zone – ASX 31 March 2015.
Florence Bore North and South project
Florence Bore North and South total Inferred Mineral Resources of 1.61Mt @ 0.77% Cu and 0.15g/t Au (for 12,398t Cu and 7,607oz Au contained – ASX 30 January 2015).
But I like the other two projects which are gold and silver and thats where AIV will be drilling soon IMO... some of the rock chips are extremely high grades... From the March quarterly 16:
Focussed rock chip sampling at prospects returned very high grade gold and silver assays; including
Percy Queen/Long Lode - up to 144g/t Au and 6,480g/t Ag.
Mountain Maid – up to 85g/t Au and 509g/t Ag.
Show up to 14.95g/t Au and 837g/t Ag.
Independence - up to 97.6g/t Au and 659g/t Ag.
Camp – up to 22.6g/t Au and 13.6g/t Ag.
These grades were from Gilberton and Ravenswood Gold projects where drilling is planned for this quarter...
Cheers
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Mkt cap ! $1.293M |
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