ACS - Accent Resources

[kromey]

I wrote last week that when the placement shares come on it will probably go down this could be the case today. Some people find it hard to resist not making a 100% profit.

 

[fgzq88]

Have you guys noticed the latest ANN coming out after 4:00?

MEDIA/PRESS RELEASE
HIGHLIGHTS
ACCENT GAINS INTEREST IN ITS FIRST GRANTED TENEMENT OF 170
SQ KM TO HIGHLY PROSPECTIVE AREA FOR VANADIUM (WITH
PREVIOUS RECORDED VALUES UP TO 1.6%) – TITANIUM (WITH
PREVIOUS RECORDED VALUES UP TO 19.5%) – MAGNETITE
PROPECTS AT KATANNING FROM HEADS OF AGREEMENT SIGNED
WITH PLATINUM AUSTRALIA

 

[golfmos123]

did anybody really think ACS would retreat so far?? It was up around 26s only a few days ago and already sunk to 18.5 this morning early.

Is it just the release of the shares or is there something else in the air?? It would seem a good time to top up holdings wouldn't it???

 

[bigt]

Only $700k left in the kitty, will need more cash to continue operations? Does anyone know how they are planning to fund future exploration?

 

[Sean K]

Only $700k left in the kitty, will need more cash to continue operations? Does anyone know how they are planning to fund future exploration?

LOL. Your info is a bit our of date bigt, check back through their anns. Hint, they just raised some money.

 

[bigt]

..AHH! Yes Kennas..just realised that...I just pulled the number from the latest qtrly, it musnt reflect the latest raising.

 

[wigaz]

did anybody really think ACS would retreat so far?? It was up around 26s only a few days ago and already sunk to 18.5 this morning early.

Is it just the release of the shares or is there something else in the air?? It would seem a good time to top up holdings wouldn't it???

Hey Golfmos,

I agree with you about the share price dropping so far. I spose the only reall explanation is that the DOW is down and therefore our sheep economy is also down. Spec stocks always take the hit worse than the rest.

I bought quite a few shares and options when they were 12c opts, and 27-28c heads. I thought that was reasonable then, and I think that still is.
*FINGERSCROSSED*

I think it's just a matter of time before ACS rises well, because the mkt is so jittery at the moment.

Cheers

 

[IOT]

how do you guys think the Resignation of Director and Company Secretary announcement will effect SP? is this a good or bad thing?

 

[UPKA]

how do you guys think the Resignation of Director and Company Secretary announcement will effect SP? is this a good or bad thing?

it really depending on who they replace them with. if they get someone well known on board, it'll definately push up the SP a lil.

 

[YOUNG_TRADER]

how do you guys think the Resignation of Director and Company Secretary announcement will effect SP? is this a good or bad thing?

it really depending on who they replace them with. if they get someone well known on board, it'll definately push up the SP a lil.

It worked a treat for YML when they got an Ex-Bhp Iron Ore man, SP went from 60c to 80c+ on heavy volume

Be interesting to see who they got, I don't think the departing MD had any real knowledge of mining etc so he's departure tells me their getting serious

 

[KIWIKARLOS]

IF they are currently drilling that means we might expect some news in the next month or so? any thoughts

From what i understand they need to sure up alot more ground to get interest, has anyone spoken to the company recently

I am impressed how well its held up with whats going on at the moment in the market. Speccies took quite a pounding yesterday.

Wish i had picked up some oppies at .08 yesterday im still thinking about grabbing some today but want to wait incase we have another loss in US over night and they become a bargin again.

 

[Busylion]

Be interesting to see who they got, I don't think the departing MD had any real knowledge of mining etc so he's departure tells me their getting serious

So far, all the directors Richard Oh (chairman), Peter Farrah (MD and has stepped down), and Alan Low except Alan Wolstencroft do not have mining background, experience or qualification.

Two new proposed directors will be appointed. One of them Terrence Butler Blaxell has mining Background experience or qualification. Each new director will receive 1 million shares each.

 

[YOUNG_TRADER]

Well ACS is back at 20c,

I'm not yet convinced that the brokers are selling their placement shares,

You see the way placements like this usually work is that its given to the best and closest clients only and usually the understanding is YOUR NOT ALLOWED TO STAG A PROFIT, ie I have been offered a few placement opportunities in other things or even IPO's but was told that I couldn't just stag em the day I got them

Now think about it, the brokers took 50m shares via a placement, the total shares on issue is 100m, which means the brokers control collectively 50% of the company, if they sell 5m of them, then they jeapordise the balance 45m they hold,

I think there was alot of panic selling recently and if ACS continues to hold and build around 20c I will beomce more confident that the brokers aren't just stagging a profit

Time will tell

 

[56gsa]

latest ann from MGX - presume this is relevant to ACS although not sure what interests MGX still has in Mt Gibson? What did they sell to the Chinese?

SUBJECT: MOUNT GIBSON WELCOMES ENVIRONMENTAL MINISTER’S DECISION

Mount Gibson Iron Limited ("Mount Gibson") (ASX Code MGX) is pleased to announce that the Western Australian Minister for the Environment has advised that the Mt Gibson Iron Ore and Infrastructure Project ("Project") can proceed. Importantly, the approval is not conditional on the remaining ridges of Banded Iron Formations in the Mt Gibson area that contain sub-populations or suitable habitat for Darwinia masonii and Lepidosperma sp. Mt Gibson and habitat for the remaining restricted floristic communities in the Mt Gibson ranges1 being secured in a formal conservation estate prior to ground disturbing activities.

Official granted approval for the Project to proceed from the State and Federal Governments is expected within 7 weeks. Mount Gibson management will seek Board approval to commence Direct Ship Ore ("DSO") operations as soon as practicably possible with the expectation that production will commence late 2008.

Mount Gibson intends to transport DSO by road to Perenjori where it will be loaded onto rail wagons and transported to the Geraldton Port for shipment to Mount Gibson’s customers. Mount Gibson will seek approval from the relevant agencies to transport DSO to Perenjori.

Mount Gibson’s Managing Director Mr Luke Tonkin welcomed the Minister’s decision saying; "The Minister’s decision effectively decouples the Project approval from conservation reserve status and allows the Project to proceed which provides greater certainty to Mount Gibson shareholders, the local community and broader stakeholders."

A copy of the Minister for Environment Appeal Decision Report 426-457 of 2006 can be found at http://portal.appealsconvenor.wa.gov.au/portal/page?_pageid=1258,1&_dad=portal&_schema=PORTAL

Yours sincerely, MOUNT GIBSON

 

[pcashman]

The new directors have been announced:

The Board of Accent Resources NL is pleased to advise the appointment of Mr Terence Butler-Blaxell BSc, GDipApFin,, MBA ,MAusIMM, FFin and Mr Ian Richer Dip, Met. M Aus IMM as non executive directors of the company.

Not sure what their background is...

 

[INORE]

They are both Non-exec directors from Hazelwood resources last trading around 3c.....seems strange that they both came over at the same time....Will they be full-time with ACS?

 

[doctorj]

Not much of a surprise when you look at who engineered the board movements, the capital raising and also received much of the placement...

 

[motion]

Hi YT,

Hope you are holding up well... Are you still holding ACS ? I'm looking at getting some since it's now at a very low level. I have been watching this one for a while and I like the company alot and thinking I might get some while the market is down.. not sure when buy before it jumps backup....

Anyway just wanted to hear your thoughts at these levels... Thanks for your time YT

 

[drschimmell]

Has anyone got any news or thoughts on ACS? The company have been very quiet of late and it's been a little while since it's been raised in this forum. Should we expect any announcements or anything soon?

Thanks

 

[tibby]

Hi YT,

Hope you are holding up well... Are you still holding ACS ? I'm looking at getting some since it's now at a very low level. I have been watching this one for a while and I like the company alot and thinking I might get some while the market is down.. not sure when buy before it jumps backup....

Anyway just wanted to hear your thoughts at these levels... Thanks for your time YT

Motion did you ge in yet? Ive been watching the buying pressure build oh so slowly...but it is building. Very low volume, no real selling depth. Buyers who stood back before the US market correction may well have done so because of the placement issues....maybe obvious to note that these "sophisticated" investors that the placement was made to have restored the markets confidence and not stagged a profit when they had the brief chance to double up when this stock was above 20.

Anyone out there have any indicators they would like to share from the charts??