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ACB - A-Cap Energy

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I'm holding this stock. I"ll hold a bit longer to see how things progress
 

Hey mmmmmining. Your approach is different but as long as it works for you..thats the main thing. I own BMN and ERN. Just be careful with buying into too many uranium stocks..if ever there was a correction only the best will survive which is why I pick and choose carefully. I honestly think your pretty safe with the way the uranium sector is travelling though. The price of Uranium doesnt look to be slowing down anytime soon. ATM I own only BMN and ERN. Large holdings in both and both are looking extremely healthy for me. I also held EXT from 2.8 cents and was out at 8. Thats all the uranium stocks I have ever owned. I have never bought into Australian uranium juniors because I believe its going to be some time yet until a new uranium mine in Australia does get the go ahead. Even if the Federal government allows uranium mining to go ahead it wont be a free for all. Only a few more mines will be allowed online so its very dangerous IMO for the aussie uranium explorers.

I liked ACAP..and to me the reports they have put out based off their current drillings aren't too bad..I havnt done any comparisons with the historics etc and I'm not going too because I cant be bothered working my brain..I know you have done the comparisons though and have lost faith. I havnt had the urge to jump into them as of yet. Good luck to the holders in ACAP. I hope it pays off.
 
5m average * 1000*1500*3.5= around 25-30mT

they are stating 75mT historical

so it looks as though the historical drill spacing (very wide spacing, irregular around 250m) its wrong to assume its jorc compatible

25-30mT deposit @ around average grade 200ppm is about 5000t contained u, about 11mil pounds. At ACB's mkt cap of $105m, thats nearly $10/ev a pound. BMN is selling for roughly $2-3 EV/lb, SMM is selling for around $4/ev a lb based on potential, and MTN sells for around $3 ev /lb as well.

those 3 are in the "cheapest" u category, with BMN the likely closest to production (being in namibia).

The more expensive is AGS which could be around $15 EV/lb. However with infrastructure and its grades/exploration potential it deserves a premium.

Disclosure:

I hold BMN, AGS, ERN, SMM

I have held ACB(out for a small stop loss).
 
Is anyone still holding this stock? I am still holding, very frustrating stock to follow. Hopefully this will be good news and get the share price rolling.
 
I thought it would follow UKL but hasn't happened as yet. I sold out of this one due to impatience more than anything
 
Although I sold out my position on this, I still keep an eye on this one. Based on the fact of middle session trading halt, it must be a very good news.

Their drilling results may not be so great that a trading halt is required (although they did it before). Every times, very good at first look, and then disappointment kicked in for lack of width....

It might find a strategic partner with a few millions, maybe Chinese? Or a takeover offer, Let's see tomorrow or after...
 
A few high grade drills cannot overcome the poor width. The still need about 30m width to get them about 75mt minerals from the historic data. The average width is still about 4m. SSDD
 
the high grade zone is 50m x 50m big. it is very small. Rest of the drill results average 1m hits. They have now completed their drill program pretty much and no news for a long time.
 
Well guys..your thoughts dont seem to matter. The market loves it and they must think it has potential. Mokabaesi is only a small portion of their tenements in Botswana..you forget that.
 
I'm not on these but I have always had a liking for them. Whether they pull back or not I dont know but they do have a lot more potential than other uranium explorers.
 
But you know what Halba and mmmmining. We want Acap to do very well. We want them to find high grades..we want them to power. Want to know why. They are next to Bannerman
 
yeah chris i'm gonna call steve(BMN company secretary, who i'm on good terms) tell him to spin off the Botswana tenements

agreed they have potential, but ACB's uranium in that tenement probably overvalued now
 
Thats not a bad idea...But it doesnt hurt to have it all in the one company? I dont know..Bannerman seem to me they could really be the next upcoming uranium company with tenements not only in Namibia..Maybe they should try to expand some tenements in Australia so they have exposure for the future..it all takes time though..they obviously want to get their Namibian prospects off the ground. Acap has such a large land holding in Botswana though..some major potential is there even if the historic tonnage doesnt match up.
 
its not the historic tonnage need 15m average hits throughout that anomaly

all i see is max 3-4-5m average

the grades in that higher grade zone i must admit are higher than the mkt was expecting and hence has gone up
 
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