Ausgroup: Rio Tinto, the world’s 3rd largest mining company, and partners has approved a US$3.4b expansion of its iron ore operations in Western Australia as part of a plan to boost output by more than 50%. Rio Tinto will spend US$2.2b to extend the life of the Nammuldi iron ore mine in the Pilbara region to increase prodn capacity to 283m tpa by 2H13.
This is positive news for Ausgroup, which has in Oct 11 secured a $22m contract from Rio Tinto to construct an iron ore pilot plant at the Brockman mine located in the Pilbara region and is well-positioned to ride on the aggressive expansion plans of Rio Tinto in Western Australia. The group has on hand an orderbook of A$300m. Stock currently trades at 0.93x P/B with no broker coverage.
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181-200 of 805
AusGroup recorded revenue of AU$151m (-6.4% YoY)
and net profit of AU$5.1m (+67% YoY) for 2Q12 ended
Dec 2011.
patience is a virtue
still stuck at 38.5 to 39.5. Not moving......
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_ED1114F7B8EEF4664825799F003235CE/$file/SGXReleaseAusGroupHY2012Results.pdf?openelement
nothing happen
Going parabolic soon.
Foreign houses are still accumulating.
Foreign houses have accumulated a lot. Projects awards may be secured soon. Analysts reports may be coming out soon. Buy at your own risks though.
Next resistance at 0.465.
Triple Golden Crosses.
Looks like the buyers are coming in. It has hit 39.5c.
Support is quite strong at 38/38.5 c.
Morgan Stanley again.
Hpong5 (Fly?)
what is the good news? when?
Wait for good news.
vested @0.38 188lots,
what is up?
Bull run coming.
Interesting price movement.
Accumulating.