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Athabasca Minerals Inc V.AMI

Alternate Symbol(s):  ABCAF

Athabasca Minerals Inc. is an integrated industrial minerals company focused on the production and delivery of frac sand to Canada and the United States. Its AMI Silica division has resource holdings and business interests in Alberta, North-East BC, and the United States. Its AMI Aggregates division produces and sells aggregates from its corporate pits and manages the Coffey Lake Public Pit on behalf of the Government of Alberta. The Company’s Metis North Sand & Gravel division has a strategic partnership with the McKay Metis Group to deliver aggregates to the energy, infrastructure, and construction sectors in the Wood Buffalo region. Its AMI RockChain division is a midstream, technology-enabled business using its RockChain digital platform, automated supply chain and logistics solutions, and safety programs to deliver products across Canada. Its TerraShift Engineering division conducts resource exploration, regulatory, and mining, and is also the developer of the TerraMaps software.


TSXV:AMI - Post by User

Comment by Quintessential1on Mar 07, 2022 6:23pm
84 Views
Post# 34492896

RE:RE:Just bought in.

RE:RE:Just bought in.Not really.  I stumbled across this, what I hope to be a gem in the rough, after reading an article about a shortage of fracking sand that was posted on another board.  

I came across a few write ups about the recent acquisition and was just in time to be too late to buy in before the big pop after trading resumed.

The only real price target I am going by is Morningstar puts a fair value valuation of  $.98 CAD per share.  Their fair value targets are usually high but this one is unusualy so if that makes sense and combined with the other readings I had don I thought I would pull the trigger and take a chance on a small position..

If fracking has to expand to meet demand as much as I think it will in the future this may pay off nicely.

If I see any more news on it I will be more than happy to share and post.

Thanks for the warm welcome and GLTA.


ace1mccoy wrote: Welcome to the board Quintessential1. 

AMI has had quite the run up this winter with lots of positive news events. 

Curious , has there been any new coverage updates /TP's from Cormark or any new recent coverage from one of the smaller boutique houses? 

GLTA



 









  


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