ACB - A-Cap Energy

[UraniumLover]

Anybody holding this?
Seems to be a quiet achiever. Looks on it's way back up now.

well.. what a ride up. I don't have a problem investing in this one. Wonder how high this one will go?

 

[siempre33]

4Mining is the only one on this thread who seems to get it....A-Cap has a Helluva HUGE potential, but I don't own it....HOWEVER, I've found a way of buying and may do so on a correction....

 

[timelord]

Good movement. New trader - nervous. What do people think this share will do? Also into BMN and SMM.

 

[siempre33]

Timelord,
SMM, BNM & ACB....good choices....you shouldn't be nervous.....sit tight and do nothing, unless you're like so many here who just can't wait to sell for a small profit....these are great long-term stocks, so it depends on your investment goals and style....I think greater gains are to be made by having some patience, as these co.s all have terrific potential...

 

[timelord]

Uranium up, DOW up. Should be a great day.
Any ann due?

 

[timelord]

Is anyone following this stock?

 

[Mousie]

Is anyone following this stock?

Holders are clammers here :

 

[timelord]

Wish I had kept the faith. Sold last week to buy ERN.

 

[Ken]

Anyone keen to look at the first post on this one?

I know its a long way off $10 but my source wasn't that bad. Wish I had have put my money where my typing was.

Was informed of this after it went off the Newcastle stock exchange and first listed.

 

[KIWIKARLOS]

Anyone in these guys atm. They look like they have recent good announcements of great Uranium deposits and has retracted from 2.50 to about 1.60 now.

Could be good levels to buy in?

Doesn't seem to have much attention anyone know more info regarding their potential, please share

 

[KIWIKARLOS]

back to 1.20 and starting to move upwards.

Could be a good buying opportunity anyone know more in depth about these guys?

 

[nevieboy]

Hi all.
Is anyone following this stock?
Nice increase in this last month. Just under 40%.
Closed today at .37c. It got hammered in the last few months (then again most stocks did). But never the less an increase in this last month of about 40% not to bad.
Any feedback?
Thanks.

 

[nevieboy]

Nice increase in the last few days.
About 2 weeks ago it was .26c per share.
Now its .62c per share.
There has been no major announcement in the last few days.
Anyone have any ideas?? That's well over 100% increase.

 

[Denny Crane]

Guys have i missed something, or is ACB the most undevalued resource stock on the ASX?:

JORC ~ 98 million pounds
Market Cap ~ 50 million dollars

Pricing ACB at 50 cents per pound of in ground uranium...
Spot price of uranium ~ $60 per pound

Potential project revenue = $6 billion

Scoping study due, plus potential resource upgrades to come. Patience needed.

Feel like I missed something though, i do admit that i am quite green to the uranium sector.

But its hard to not price ACB upwards given that
1) 98 million of JORC resource is simply just the floor.
2) The company has defined this as simply the early stages of a much larger resource
3) Serule potential

If anyone has any negatives please share, before i accumulate more.

Cheers, DYOR

 

[big sal]

ACB a uranium player (Botswana) travelling under the radar (perhaps partly due to EXT and PDN more recently) so to bring it up again two announcements out this morning are worth a read for those interested:
1. World nuclear fuel cycle 2009 conference presentation
2. Drilling commences at Letlhakane uranium project

ACB’s shares presently sit at 25c (12 month hi 88c / low 8c, and all time hi in April 2007 of about $2)

Not many sellers and a tightly held stock. 110M shares on issue. $5.2M cash to advance its drilling programs.

Interesting they note in the conference presentation that Botswana is one of the least corrupt countries in the world (32 out of 159) and by far the least corrupt in Africa and that it’s a very favourable environment in which to operate …

 

[polska]

Are people not noticing this stock? Up 13% today on no ann. Great write up in The Age today saying they have the potential to be the 11th highest Uranium producer in the world, has been flying at recent times. Get on board!

Uranium bounces back in inspired radioactivity
Barry FitzGerald
December 13, 2010

The uranium sector looks set to go from strength to strength.

THE uranium sector was the place to be in the past six months, notwithstanding all the investor hype around the copper, iron ore and precious metals sectors.

A review of the sector by Gresham Advisory Partners found an average 58 per cent share price gain since June 30 for 20 ASX-listed uranium producers and explorers.
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That compares with a 16 per cent gain in the ASX 300 Resources index and was despite the dismal share price performance by sector leader, Energy Resources of Australia (ASX: ERA).

The bounce in uranium spot prices from a post-global financial crisis low of $US40.50 ($A41) a pound to $US60 a pound underpinned the strong share price performance for the uranium stocks.

''The finely balanced supply/demand situation means the market is susceptible to both demand and supply side shocks (such as ERA's woes at the Ranger mine),'' Gresham said.

It said the building of stockpiles for new nuclear reactors by the Chinese was the main factor in uranium's price bounce. ''However, exuberance over the potential for sustained stock-building by China and other nations, as well as the return of speculative demand, has thus far been kept in check,'' Gresham said.

The question now is will 2011 see the return of some or all of the exuberance that drove uranium to $US138 a pound in July 2007? Garimpeiro thinks there is a better than average chance that it will, given uranium's clear role in helping to deal with global warming concerns.

According to Gresham's work, investors pay an average of $A12.80 a pound (enterprise value per pound of uranium) for exposure to local and overseas producers of uranium and an average of $A2.10 a pound for the explorers/developers.

Among Garimpeiro's hunting ground of the explorers, A-Cap Resources (ASX: ACB) is the cheapest at A41 ¢ a pound. But you have got to wonder how much longer that will be the case. A-Cap, which closed on Friday at 41.5 ¢ a share, is already sitting on the world's 11th biggest undeveloped uranium deposit.

The 158 million pound Letlhakane project in mining friendly (and politically stable) Botswana is due for a resource upgrade next year and something north of 200 million pounds, ahead of a further push to 300 million pounds, would not surprise.

It is not the highest grade show in town but doesn't need to be given its access to good infrastructure. Work by A-Cap on ore sorting techniques to upgrade the head grade to the processing plant is also showing promise, as is work on the optimum processing route for the deeper primary mineralisation.

Perhaps more exciting for the group is its discovery at the Southern Pans project, 150 kilometres north-west of Letlhakane. A-Cap reckons it is an important discovery, albeit one in the early stages.

THE wait for the market to re-rate Tassie metals producer Bass Metals (ASX: BSM) has been a long one, not unlike the wait for a taxi outside the casino during Christmas party season. But the re-rating for Bass has finally arrived.

Its shares have motored from the 15.5 ¢ low in May to Friday's closing price of 39.5 ¢ a share, a gain of 154 per cent. Three factors are behind the surge. The first is the general fair wind that all producers of metals have enjoyed on the back of rising prices.

The second is exploration success at the Fossey East property raising the prospect of a mine life extending boost to reserves. Then there is the shot Bass has at becoming a substantial gold producer from the gold locked up in the tailings from the Hellyer mine when it was closed by previous owners in 2000 after being mined out.

As its name suggests, Fossey East is just to the east of the Fossey polymetallic (copper, lead, zinc, silver and gold) mine, which is to provide the feed for a restart of the nearby Hellyer treatment plant in January under Bass ownership. Fossey is good for about two years of supply, so any additional ore positions that can be outlined in Fossey East will be a bonus. Assuming that Fossey East lives up to its early promise and you can see why Bass reckons it is realistic to start thinking about a five-to-10-year mine life for the new-look Hellyer project. Given that, at current metal prices, the project will generate an annual operating surplus of about $35 million that's not bad stuff for a company with an enterprise value of about $55 million.

The gold tailings project could be the game changer for Bass. It is a big resource of 1.35 million gold equivalent ounces (2.6 grams a tonne gold and 104 grams a tonne silver). Unlocking the gold was the subject of a stack of studies in the 1990s.

But with cash costs of more than $A700 an ounce, the incentive to give it a go was not there. Gold's price surge to more than $A1400 an ounce has changed all that. The question now is which gold and silver recovery technique to use.

A $49 million direct cyanidation process would yield about 40,000 ounces of gold equivalent annually at a cash cost of $A743 an ounce. Spend $143 million on Xstrata's ''Albion'' process and you would be looking at annual production of more than 110,000 ounces but at a higher cost of $A877 an ounce. Split the difference and go with a pressure oxidation processing route at a capital cost of about $A116 million and you would be looking at 62,000 ounces of gold equivalent annually at a cost of just under $700 an ounce.

How much of that serious cash-generating potential is factored into Bass's current share price is debatable. But you would have to think there is not much in the share price just yet, particularly when you compare Bass's market cap to the fancy market caps enjoyed by existing 50,000-100,000 ounce gold-only producers.

Bass is dusting off the technical papers on the gold tailings project with a view to be in a position to put some hard numbers - and decisions - on it by April 2011.

bfitzgerald@theage.com.au

 

[asc4]

Anyone interested?

Back pedalling at the mo.
But should rocket on ann. of resource upgrade to 200mlbs + due this quarter

Should be valued north of $2 by end of the year if uranium continues its rise and the costs remain around the $30/lb in the bfs/dfs.

Anyone got any thoughts?

Might buy some more if it gets to low 60's

 

[springhill]

No update on ACB for over a year.

• Shareprice $0.13
• Market Cap $26M
• Shares on Issue 201M
• Options 7M
• Cash $3.5M

• Top 20 52.58%

PROJECTS
Letlhakane Uranium Project
• Discovered 2006
• Have drilled over 3,500 holes for > 140km of drilling
• One of largest undeveloped uranium deposits in the world
• Resource still open and growing
• Feasibility studies well advanced
• Poised to meet predicted growing demand for Uranium within the next few years


• Resource Scale Letlhakane – well within the top 10 largest undeveloped uranium deposits in the world and growing
• Stable Jurisdiction – Botswana rank’s No1 as the most politically stable country in Africa
• Infrastructure – Existing power, road, rail and water.
• Technical (Mining & Metallurgy) – soft ore from surface to 70M depth, low cost heap leach acid processing,
• Development Potential – of the top 10, Letlhakane is one of only 5 undeveloped deposits capable of production in the next 5 years
• Quality Management – management have a strong track record in developing mines in Africa and around the world

*1041Mt at 153ppm U3O8 for a contained 351.8 Mlbs of U3O8, or at higher cut-off,
*143.2Mt at 284ppm U3O8 for a contained 89.7Mlbs of U3O8

• Of the 5 capable of being in production in the next 5 years, Letlhakane is the ONLY deposit: – with plant capex currently estimated at less than $500M


The Road to Production
• PFS & BFS
– PFS complete Q2 2013
– BFS complete Q1 2014
• Water
– Well field exploration complete, applied for abstraction permit
– Water access capable by 2nd Half 2013
• Mining Licence
– Initiated on final ESIA & EMP acceptance
– Mining Licence approval capable by 2nd half of 2013
• Construction & Production
– Construction capability Q2 2014
– Production capability 2nd Half 2015

 

[springhill]

A-CAP RESOURCES DISCOVERS TWO NEW COAL DEPOSITS IN BOTSWANA
TRANSFORMATION INTO MULTI COMMODITY EXPLORATION COMPANY

HIGHLIGHTS
● Through ongoing regional uranium exploration programs in Botswana, A-Cap Resources has discovered two new Coal Projects – the Mea and Bolau Discoveries

● Mea Discovery - a “greenfields” coal discovery demonstrating multiple coal seam intercepts within a thicker carbonaceous unit that is over 100m true thickness

● Initial results are very promising with raw coal analysis at the Mea Discovery displaying qualities often associated with coal of a significantly higher grade than that typically found in Botswana

● Amendments to the Mea prospecting licence (‘PL’) to include coal has been approved by the Government of Botswana

● Bolau Discovery - the up and down dip extension of the known Sese Coal Project that extends into A-Cap ground - coal intercepts occur in two horizons up to 25m thick

● The Government of Botswana has provided notice of its intention to approve amendments to the two PL’s covering the Bolau Discovery.

● Planning for the complete exploration and delineation of these exciting new discoveries is underway

● Consultant Dr. Willem J. Smuts Pr.Sci.Nat. who completed an initial evaluation of the two projects stated, “It is my considered opinion that the Mea project area contains a coal deposit of significant tonnage and better than average quality by Botswana coal standards. A limited exploration program could in the next 12 to 18 months, prove up a coal resource that could compare favourably to any of the recently reported projects in the country”.

● A-Cap immediately transformed into a multi-commodity exploration company

 

[Gringotts Bank]

Amazing what bots will do with price manipulation nowadays. A conditional order part filled with a tiny amount. Price immediately runs up before offering up the exact same 4 digit volume as a single order at slightly over the breakeven price. The chance of it being luck is miniscule.