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ACS - Accent Resources

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How are people feeling about ACS? Still holding but no news for a while. Haven't heard much chatter about them.
 
Not much to really add to this,

Waiting for an update is about all,

YOUNG_TRADER said:
Hey guys,

Here's my next Iron Ore play,

Whats funny is how uneducated/ignorant I was back in Jan re Magnetite, I didn't even know what it was thus 35% = crap grade for me, lol now I know anything above 30% is good for magnetite operations,

The big thing to remember here is that the issued shares were recently doubled by a placement to brokers etc at 12c, also the share price has run up very strong in the past 2 weeks,

It could either be a pump and dump by brokers - Which I doubt given the upside potential of the deposit

Or brokers accumulating with a research note or some significant news soon, which I think

Anyway the deposits real which is what I focus on



ACS​


Mkt Structure

Shares
100m + 30m 20c Opies 30/9/09

Mkt Cap @ 20c = $26m Current
Mkt Cap @ 30c = $39m Target 1
Mkt Cap @ 50c = $65m Target 2


Cash
$6m + $6m when opies exercised therefore = $12m


Placement
It should be noted that 55m shares were placed at 12c recently, these shares from what I understand it were placed to Sophisticated Investors who are very unlikely to stag a profit, but may do so nevertheless,

Thus caution is advised when buying, the shares come one Friday 27th July, so it will be intersting to see what they do,



Projects


Mount Gibson Iron Ore, 80% maybe more, Mid West W.A. 5km's from MGX's operations
Although there is no JORC yet, drilling so far has shown 20m -80m thick 30% - 40% Fe Magnetite Ore from 16m - 30m down

From these drilling results, the potential strike length of 8km's and talking to the company, its clear that ACS have a very good chance fo firming up minimum 100Mt@30-35% Fe

Now adjacent to ACS's Mount Gibson project is Extension Hill, which was MGX's early Magnetite discovery of 240Mt's (unsure of grade) The Chinese (Sincom Investments Ltd) bought this off MGX. The problem is Extension Hill is only 240Mt's and minimum a standalone operation of Magnetite needs 400Mt's, thus you can see why ACS's Mount Gibson project is vital to Sincom.

It is clear the companies intention is to firm up a 100Mt resource and sell it to the Chinese (Sincom Investments Ltd).

Depending on the end result, I would expet a 100Mt@35%Fe deposit to fetch close to $50m = 50c ACS


While the project still doesn't have a JORC, I'm betting it will be a matter of time.



Katanning Ferro Vanadium, Up to 90%, W.A.
This project is an early stage AXO Aurox Balla Balla, its Ferro Vanadium and covers an Area of 500km² so could b very very large,

However it is still very early days,

Grab samples have yielded some significant results so far though


Noresman Gold, 100%, W.A.
JORC 65k oz's Gold (grades 1.5 g/t - 2g/t Au) This deposit is too small to justify any sort of stand alone operation, however Toll Treatment of the Ore could net $5m+



Summary

- 100Mt Resource at Mt Gibson should be worth 50c to ACS
- Chinese interest in Mt Gibson as they desperatley need to get more Ore to make Extension Hill a viable project
- Katananning looks promissing
- Very large placement done recently at 12c
- Share price has run hard in the last few weeks,


Even though there was such a large placement done at 12c, I firmly believe that the recievers are in it for the Chinese deal and are unlikely to stag a profit, so I bought shares on Friday at 22c-23c I also bought options at 10c-11c,

Cheers
Click to expand...

p.s. Those drill results are very meaty hits of magnetite, they ain't too deep (ie overburden) and the grades are 30%Fe+ mostly 35%Fe
 

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Just wondering if anyone has been in contact with the company or has any news/feelings as to when we can expect an update with ACS......next to no volume for a few weeks now. I still believe placement issues should be resolved now with holders, as the initial fear of the sophisticated buyers dumping the stock after placement didnt happen....any thoughts?? YT you still in? Noticed in a previous post you were looking at topping up in low 20's pre US market correction....whats your thoughts now? does the lack of traded volume over the past month show holders and potential buyers that this 15c standoff is the floor price?
 
Well ACS is in a trading halt with an announcement out. Any geologists out there would like to interperet, it would be much appreciated:)
 
Trading status is normal and nothing much has happened? Anyone got any input on the latest announcement?
 
Hi I am a very new trader and hold these shares - BUT I have no idea why I bought them - someone must have told me to....could anyone who holds these shares give me their view why they hold them?? Am I allowed to ask that???:confused:
 
PETA 23 said:
Hi I am a very new trader and hold these shares - BUT I have no idea why I bought them - someone must have told me to....could anyone who holds these shares give me their view why they hold them?? Am I allowed to ask that???:confused:
Click to expand...

Hi Peta - Read back through the history of comments in this thread. There is plenty of info and analysis that has been posted which should answer your question.;)
 
Useful announcement today on their completed aeromagnetic survey; firms up potential for a sizeable magnetite resource, and a follow up drilling program planned with drill already contracted.

Good cash on hand after their recent fund raising, for both this magnetite project and the Katanning iron-vanadium-titanium project.

Anybody with any geological knowledge to comment further?
 
having a good run today! steady climb back up it seems. 250K units sold at 20cents in in about 20 minutes from 2:15 to 2:35pm today.
 
Yeah I know! It's so odd seeing this in the green! :)
I have taken the liberty of uploading a chart over the last month.
 
I'm still watching

in for a good chunk at 17.5

the options may be a good go, but too illiquid for me

:)
 
copper_hot said:
testwork results update announcement 15 minutes ago.. any opinions on how the market will take this??
Click to expand...

Looks like the market reacted to it great yesterday when the information leaked (im guessing this explains yesterdays jump).
 
Hey wipz,

Yeah looks like it was insiders, joke lol, happens all the time now a days, JOKE,

On a good note, I like the ann, but as with most things patience gets rewarded.


Excellent iron and vanadium concentrate values have been returned from preliminary testwork on surface samples from the Katanning titanomagnetite (iron and vanadium) project. Beneficiation tests have produced concentrates assaying up to 2 per cent V2O5 and 63 per cent iron. Silica, a deleterious element, in the concentrate is less than 1.5 per cent, and the majority of the titanium was effectively rejected to the tailings fraction. These results were achieved at coarse grind sizes of between 106 to 300 microns.

The vanadium content in the concentrates is comparable to the vanadium content of the concentrates at leading South African vanadium operations.


A high resolution airborne magnetic survey is currently underway constrain targets for drilling within the Katanning project area.
 
Some good movement today. Up 15% & still Plenty of buyers. Does anyone know if any updates are due? Potential breakout?
 
Up 14.85% today interim trading with double usual volume, not seen since the last 15% rise on the 16th of October. Broken through the $.25 resistance point.
:confused:
 
This stock is a funny one, I would not be suprised if there is an announcement on its way. Price took a jump the day before the last positive announcement so will just have to wait and see.
 
Katanning Iron and Vanadium Beneficiation Results announcement out. anyone care to give an opinion?
 

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