ACB - A-Cap Energy

[greggles]

Some interesting trading in A-Cap Resources recently. After running from 3.6c a few weeks ago to 8.4c today, ACB has gone into a trading halt so they can respond to a price query from the ASX.

The company has released no price sensitive announcements since the beginning of the month, yet there has been a steady accumulation of shares since then. Volume increased dramatically today just before the trading halt was requested.

This would appear to be a very obvious case of inside information leaking out into the market. My bet is the announcement the company has said they will release on 23 March will be a good one. Let's see.

 

[System]

On November 30th, 2018, A-Cap Resources Limited changed its name to A-Cap Energy Limited.

 

[Sean K]

LOL. Another company with an old uranium project. Don't know how anyone can 'invest' in these things at the moment without have a trailing stop. Ludicrous moves. Don't be left without a chair.

 

[peter2]

ACB has been looking for uranium for decades and I'm surprised that it wasn't in my uranium watch list. Now I'm wondering why it didn't appear in my scans when the price started to rally. Looking back at the relevant dates the average daily traded volume was too low and well under my lower limit. I've lowered the limit and I'm aware that more micro crap stocks will appear in the scan results.

Too late for ACB now and who would have thought price would have spiked this high. I'll have to take the geiger counter out back and traverse my own backyard. I could probably get an IPO for this and raise some capital.

 

[Sean K]

Haha. TH to explain jizzem and an opportunistic CR. Like a clock.

 

[Dona Ferentes]

Barry FitzGerald - Garimpeiro ; 12 stocks in 12 different commodities to stuff in the Xmas stocking ... The focus has been finding those with leverage to exploration success and/or enhanced development prospects because of some of spectacular commodity price gains in 2021, and what 2022 [may have] in store.

URANIUM : Trading at 12c for a market cap of $138m. It was a breakout year for uranium, with the price for the nuclear fuel rising to an eight-year high. The rally has prompted strong share price gains for the uranium stocks but A-Cap is yet to benefit as much as the other players.

It is hard to ignore the scale of its Letlhakane project in Botswana. A-Cap also comes with nickel exposure through its Wiluna project.

 

[barney]

Monthly Comp pick.

Used to watch this little battler many years back when I held PEN in the Uranium days

No idea what they are up to but the chart is showing a potential bottom/turn around

 

[System]

On November 8th, 2023, A-Cap Energy Limited (ACB) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between ACB and its shareholders in connection with the acquisition of all the issued capital in ACB by Lotus Resources Limited.