ACB - A-Cap Energy
- Thread starter Ken
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Suddenly people discovered ACB 
A company still has less $2.5/lb EV while seeing all other uranium stocks inflate it into double digits!. Well the cheapest one still MTN. You cannot put all your money in MTN. ACB is a very good back up play. I try to add some today, change my order three times, still not filled yet.
A company still has less $2.5/lb EV while seeing all other uranium stocks inflate it into double digits!. Well the cheapest one still MTN. You cannot put all your money in MTN. ACB is a very good back up play. I try to add some today, change my order three times, still not filled yet.- Joined
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2-3 weeks ago it was 77c.......Chris, I sent you the A-Cap comprehensive broker report and you still didn't get any. I know you are short on cash but opportunity like this was not to be missed.
Come on A-Cap.
Come on A-Cap.
LifeisShort said:
LIS I always liked them even before the broker report..the report confirmed to me that they were an excellent play though. I built up a large holding in erongo (ERN) at an avg less than 47 cents..way in front on those atm..like I said its very hard to have them all...good luck with ACB. If my ERN double and Acap are down i'll put the profits into them. I got my bro inlaw to get some though so I hope they keep going for both of you.
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Your report is much appreciated. Thank you from me too.LifeisShort said:
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Today's news announcement is as follows:
HIGHER GRADES ACHIEVED AT THE MOKOBAESI URANIUM
PROSPECT IN BOTSWANA AND THE CONFIRMATION OF A URANIUM
ANOMALY AT SERULE
The Directors of A-Cap Resources Ltd are pleased to announce that the continuing drill
program at the Mokobaesi Prospect in Botswana has encountered further uranium
mineralisation with higher grade intersections.
In addition, a recently commenced radiometric ground survey at Serule, 10 Km from
Mokobaesi confirmed an initial uranium anomaly of at least 2km by 1km. Spectrometer
readings at Serule were substantially higher than those at Mokobaesi (Up to 2600 cps (counts
per second) compared with 1400 cps at Mokobaesi)
PROSPECT IN BOTSWANA AND THE CONFIRMATION OF A URANIUM
ANOMALY AT SERULE
The Directors of A-Cap Resources Ltd are pleased to announce that the continuing drill
program at the Mokobaesi Prospect in Botswana has encountered further uranium
mineralisation with higher grade intersections.
In addition, a recently commenced radiometric ground survey at Serule, 10 Km from
Mokobaesi confirmed an initial uranium anomaly of at least 2km by 1km. Spectrometer
readings at Serule were substantially higher than those at Mokobaesi (Up to 2600 cps (counts
per second) compared with 1400 cps at Mokobaesi)
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BMN is very close to those grounds......ACB should keep going up with this announcement unless a few profit takers come to the fore
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Sell on news. I believe it is a good buying opportunity. I did a rough calculation about the potential resources over the weekend. I believe the 75Mt of 0.025% and 0.035% of U3O8 at Mokobaesi is possible.
Also Serule prospective is looking good according to the ann. It could be another Mokobaesi, and only could be better because Japanese had collected samples assays valued to 1600ppm with 90% recoveries.
Plus it will spin off nickel and other assets as free share in a new company.
So it is still cheap compare with DYL, EVE, EXT, WME, etc Africa hopeful. I added some positions today.
Also Serule prospective is looking good according to the ann. It could be another Mokobaesi, and only could be better because Japanese had collected samples assays valued to 1600ppm with 90% recoveries.
Plus it will spin off nickel and other assets as free share in a new company.
So it is still cheap compare with DYL, EVE, EXT, WME, etc Africa hopeful. I added some positions today.
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The good news must have already been factored into the share price as nothing much has happened. Although overall market sentiment seems to have been crap for the last two days so perhaps this has still got some legs yet.
I sold on the peak and got back in at 1.00 but today saw us drop back a fair bit.
I think we need to sit tight with this one for a while.
Does anyone have much of an idea what is on the horizon for these guys over the next few weeks?
I sold on the peak and got back in at 1.00 but today saw us drop back a fair bit.
I think we need to sit tight with this one for a while.
Does anyone have much of an idea what is on the horizon for these guys over the next few weeks?
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Reading the latest report, I find the company is hiding something because of using Serule as a future promising. I decided to phone ACB about the resources. The company refused to give me answer. But do admit there will be difference between historic estimated 75Mt and JORC resources in the future.
I doubt about the companies 75Mt historic figures over 1.2x1km. They need about 20m depth to achieve this. But current drilling does not show that. The average depth is only about 4-5m! So the 75Mt resources is simply not there!!
I have to sell out all ACB share based on this reasoning. Maybe I am wrong. But I should have done this research before, not just blindly accept what the company said.
I might buy ACB back at lower price if it is not run away...
I doubt about the companies 75Mt historic figures over 1.2x1km. They need about 20m depth to achieve this. But current drilling does not show that. The average depth is only about 4-5m! So the 75Mt resources is simply not there!!
I have to sell out all ACB share based on this reasoning. Maybe I am wrong. But I should have done this research before, not just blindly accept what the company said.
I might buy ACB back at lower price if it is not run away...
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I exited in full today too.
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I probably should of but held in faith. The upward movement on Friday looks promising for a possible upward rally with bit of luck
hi mmmming
I sold out long earlier(took a small stop loss) and pointed out this fact about ACB. Their drill results simply do not correlate with historical drilling and a mkt cap of $100m is absolutely illogical.
Company grades a bit low as well. Thread should be renamed "Acrap" resources.
Mmmming- i am still with you on a few stocks like ERN. I feel ERN is better as 35m hits have been proved, and mkt cap low.
I sold out long earlier(took a small stop loss) and pointed out this fact about ACB. Their drill results simply do not correlate with historical drilling and a mkt cap of $100m is absolutely illogical.
Company grades a bit low as well. Thread should be renamed "Acrap" resources.
Mmmming- i am still with you on a few stocks like ERN. I feel ERN is better as 35m hits have been proved, and mkt cap low.
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Thanks for your early post, which is one of the reason for me to call the company, and find it out the problem you have identified.Halba said:
My approach to uranium is different from Chris, I cannot remember which uranium stocks on ASX I have not owned yet. I constantly re-balance my holding, always half correct, and half wrong. But I always maintain about 10 uranium stocks at any giving time. I might have a favorate or two, but I do give a lot of juniors a chance. If not work out, I jump.
This is why I like ASF. There are many uranium bugs here, original or not.
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i agree. Can't put everything into MTN and BMN
ACP deserves an opportunity . Seems full of Traders not long term investors at the moment unfortunately..
ACP deserves an opportunity . Seems full of Traders not long term investors at the moment unfortunately..
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