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Company Information

Company at a Glance

Industry:
Oil, Gas & Consumable Fuels
Fiscal Year-End:
Jun 10

Company Overview

AQA is an exploration company primarily searching for coal, iron ore, manganese and base metals, with tenements mainly in Australia. Key projects are located in the Bowen Basin (coal) in central Queensland, and West Pilbara (iron ore) in Western Australia, which is an Australian premium iron ore JV with an American company. The company also has interests in coal projects in Mozambique and Botswana in Southern Africa.

Company History

Aquila Resources Limited was incorporated in March 2000 and was listed on the ASX in June 2000. During FY02, AQA acquired a suite of coal tenements covering in excess of 3,100sqkm in the Bowen Basin and during FY04, AQA entered the iron ore sector by lodging three applications for exploration licences, covering 670sqkm in the North Pilbara region of Western Australia.

Industries Of Operation

AQA operates within the Resources Sector, exploring for coal, iron ore and manganese amongst other minerals. Its operations are mainly concentrated within Australia, but are also carried out in Mozambique and other areas in Africa (including Botswana).

Differentiating Factor

The key factor is management's ability and growing track record of acquiring exploration tenements and developing them to a point where a JV structure enables further development to production or the project is sold in order to fund new greenfield exploration.

Major Customers & Competitors

Competing with AQA for coal, manganese and iron reserves are majors like RIO and BHP and then a multitude of juniors. Markets for these commodities exist both domestically and globally. AQA is looking to market its commodities to fuel industries in China and India.

Research provided by  

Market Statistics

Market Cap ($M):
2,451.0
Equiv. Shares (M):
331.2
% All Ords:
0.10
12Mth Range ($):
5.92 - 11.50
Turnover ($M pa):
1,624.3
Index:
S&P/ASX 200
Sector:
Energy
Industry Group:
Energy
Industry:
Oil, Gas & Consumable Fuels
Sub Industry:
Coal & Consumable Fuels

Last 5 Market Sensitive Announcements

Date
Announcment
30-Jul-10 18:46
Quarterly Activities and Cashflow Report
19-Jul-10 09:24
Washpool Hard Coking Coal Project - Feasibility Study
08-Jul-10 08:28
Red Hill comment on West Pilbara DFS release
05-Jul-10 09:26
West Pilbara Iron Ore Project Definitive Feasibility Study
02-Jul-10 09:27
Tribunal Determination in respect of Robe Railway

Calendar Of Events

Date
Event
28-Nov-08
AGM Date for Final Year Result
25-Sep-08
Reporting Date for Final Year Result
30-Nov-07
AGM Date for Final Year Result
30-Oct-07
Reporting Date for Final Year Result
29-Nov-06
AGM Date for Final Year Result

Directors

Name
Position
A Poli
Executive Chairman
C Bass
Non-Executive Director
D Cowlan
Non-Executive Director
G Galt
Non-Executive Director
D Zhihao
Non-Executive Director

Management

Name
Position
A Poli
CEO

Substantial Shareholders

Name
% Holding
C B Bass
13.3
AMCI Investments
8.3
Aquila Resources
6.4

Consensus Recommendation Summary


0
2
2
0
0
Sell Under Perf. Hold Out Perf. Buy

Number of Brokers in Recommendation Summary: 4

Consensus Earnings

FY10 FY11
Consensus EPS1 (c) -5.1 19.9
EPS Growth (%)   -490.2
P/E Ratio (x) -145.1 37.2
P/E Rel. All Ords (x) -12.97 n/a
P/E Rel. Sector (x) n/a n/a
Number of Brokers in Earnings Survey: 3 4

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Historical Forecast Earnings And Recommendations

Consensus Recommendations

Consensus information provided by Reuters.

Consensus EPS Forecasts 1

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Peer Recommendation Comparison

  P/E (x) EPS Chg (%) Dividend Yield (%) MktCap ($M) Price ($) Consensus Rec
  09A 09A 09A    
Newcrest Mining 29.6 (9.5) 0.5 15,815.3 32.71 Out Perf.
Lihir Gold 27.8 8.4 1.1 9,640.7 4.07 Hold
Aquila Resources (66.3) n/a 0.0 2,451.0 7.40 Hold
Andean Resources Limited (96.7) (40.2) 0.0 1,744.1 3.70 Out Perf.
Kingsgate Consolidated 19.2 196.5 2.2 982.9 9.78 Out Perf.

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