ACS - Accent Resources

[Dr.Stock]

G`day

The person who signed off on golden bell was Fiona LI.
Fiona Li is directly linked to pioneer. If my research is correct she is part of the group general counsel at pioneer iron and steel.
Pioneer took a stake in a company london mining in october 2007 and the stock, london mining, went from 18 to 32 .
Considering most chinese resource companies have govt hands associated with them it makes for interesting stock viewing.
Food for thought
Stock

 

[YOUNG_TRADER]

Hey Dr Stock,

Thanks for the info,

Interesting to see ACS appoint on new Director, who is also head of Ascot Securities, who from memory were the group that did the huge placement a couple of months back,

No change in substantial notice yet, but I'm pretty sure the Chinese have been buying more, volumes have been 1m-1.5m for the last few days now,

I expect another notice by the end of the week showing more buying,

p.s. I wonder if Pioneer Metals have a link to Asian Iron (Sinom) who bought Extensions Hill? If they do then this is obviously a strategic move to ensure that they get the Mt Gibson Ore,

However if they are 2 seperate groups as I think they are, then it could be a blocking move by Pioneer Metals who want a foot in the Aussie scene

Dr Stock or Stu, do you guys know if Pioneer Metals has any other Iron Ore projects in Aust?

Cheers

 

[YOUNG_TRADER]

Still no change in substantial notice, but I reckon they're still buying

there's 400k buying at 30c today and the stock is up on a very very bad day

 

[YOUNG_TRADER]

Still no change in substantial notice, but I reckon they're still buying

there's 400k buying at 30c today and the stock is up on a very very bad day

And there it is folks, the change in substantial notice,

Pioneer Metals has bought another 1.7m shares at around 30c
taking thier total holding to 8.2m = 8.36%

 

[YOUNG_TRADER]

Well Pioneer Metals it seems are playing it smart and are not chasing up the SP, instead they seem to be using the mkt weakness to mop up ACS around the 30c level

They have put up a huge wall of support at 30c and given these mkts thankgoodness for that

 

[eclectic_nish]

maybe they are supporting their investment....propping up the price...but if they didnt they probably could pick up much more cheaper on down slide.....oppss...i didnt mention that....:

 

[zt3000]

The fundies and interest by some large players has this on my watch list

but cant friggen buy coz the rest of the market is running around like chooks with their heads lopped off

where has the sense gone?



not willing to punt on this yet lol

 

[Sean K]

Hey Mr Tiger, lol,

So you think 45c is the upside target if the formation is correct?

Little Noob, the formation's still a possibility.

Break up from the pennant gives 45 ish,

TB.

 

[YOUNG_TRADER]

not willing to punt on this yet lol

You should have been buying from 15c-20c mate, then you wouldn't have this problem


Hey Kenna, you still think that target is possible? Well I hope so cause I'd be taking some profits at that level

 

[Sean K]

Hey Kenna, you still think that target is possible? Well I hope so cause I'd be taking some profits at that level

LN, it's a probability at the moment. While it's forming a bit of a triangle/flag between 30 and 35 then it's a chance. Breaking down through 30 all bets off. These have a higher probability when occuring as a continuation of a previous trend, so it doesn't completely fit the profile.

 

[YOUNG_TRADER]

Hey Kenna,

Looks like the Chinese are happy to just sit back around the low 30's and buy

Be interesting to see another change in substantial notice

 

[YOUNG_TRADER]

Hey Kenna,

Looks like the Chinese are happy to just sit back around the low 30's and buy

Be interesting to see another change in substantial notice

Yep 29c to 30c looks like where they're happy to buy at,

Strange really if they just stood back and let the mkt carnage attack ACS they could get it around the low 20's,

So for now 30c (28c) seems like a very strong floor, Chinese can buy another9m before they hit 19.9%, whether they do well thats the interesting part

 

[YOUNG_TRADER]

Bowey still here,

As I said, once ACS got the large high grade magnetite hits ie 60m's at 35-45% Fe it became a value play for me

Its mkt cap is dirt cheap given the potential it has,

As I have always said, once they get a JORC they will sell the magnetite to the Chinese group Sinom who bought Extension Hill off MGX

See this is why I love Fe plays that have hits, why? Because the Ore is there, it doesn't move away its there and its only a matter of time before enough drilling is done to verify it ie YML/BRM and now ACS,

ACS had plenty of 60m hits grading 35%-45% Fe and now from their current drilling they have observed (no assays yet) very large interesections of magnetite

PLEASE NOTE THAT PER THE COMPANY'S OWN ADMISSION, THESE VISUAL HITS NEED TO BE VERIFIED BY ASSAYING!

 

[zt3000]

You should have been buying from 15c-20c mate, then you wouldn't have this problem

Very true YT lol

If only ... hindsight is good, foresight is much much better lol

Still hasn't moved from the 30's and i'm still watching and waiting for a breakout


I'm such a noob

 

[YOUNG_TRADER]

See this is why I love Fe plays that have hits, why? Because the Ore is there, it doesn't move away its there and its only a matter of time before enough drilling is done to verify it ie YML/BRM and now ACS,

ACS had plenty of 60m hits grading 35%-45% Fe and now from their current drilling they have observed (no assays yet) very large interesections of magnetite

Like I said only a matter of time before it gets proper value, this is what happens with these sorta sure play things, ie ACSa had the drill hits over a large area, so the deposit was all but confirmed, it was a no brainer really

I took some profits in the high 30's but only some because I was holding heaps from the 15c-25c level avg,

But that target of 300Mt's - 500Mt's is huge!

I mean MGX sold 240Mt's for $52m back in late 2005/ early 2006, that would easily be worth double today, so if ACS can firm up 500Mt's then this maybe a $200m project,

I'll wait to see if it trades back to 28c to buy more

 

[golfmos123]

Rotten little beast today - I've been chasing the trade since this morning and it keeps moving upwards just in front of me.

Hindsight is a wonderful thing but I figured that at 25c this morning, I should jump in. Especially as it has been anchored around 30c by the overseas buyers. But it seemed I was 5 min too late every time I looked at it!!

And now it's got up to a point I don't want to enter any more. Would love to see an entry back under 30 somewhere.....

 

[pajm]

Show me the money! Welll done YT and other holders. Had been following and hopiing ann would not be out for another week or so......or well.......

 

[YOUNG_TRADER]

Well never got back to 28c it got close though, I guess thats what you get bieng stingy

Its churning alot of volume above 30c, I guess with 2 projects showing promise, especially Mt Gibson with its 300Mt-500Mt Mag target, for now Kataning is early stage but as more work is done I'm sure a clearer picture of what to expect will emerge

Still watching the Golden Bell/Pioneer Metals actions, be interesting to see in the end if they were in cohoots with Sinom

Am happily

Like I said only a matter of time before it gets proper value, this is what happens with these sorta sure play things, ie ACS had the drill hits over a large area, so the deposit was all but confirmed, it was a no brainer really

I took some profits in the high 30's but only some because I was holding heaps from the 15c-25c level avg,

But that target of 300Mt's - 500Mt's is huge!

I mean MGX sold 240Mt's for $52m back in late 2005/ early 2006, that would easily be worth double today, so if ACS can firm up 500Mt's then this maybe a $200m project,

I'll wait to see if it trades back to 28c to buy more

 

[pajm]

Well never got back to 28c it got close though, I guess thats what you get bieng stingy

Its churning alot of volume above 30c, I guess with 2 projects showing promise, especially Mt Gibson with its 300Mt-500Mt Mag target, for now Kataning is early stage but as more work is done I'm sure a clearer picture of what to expect will emerge

Still watching the Golden Bell/Pioneer Metals actions, be interesting to see in the end if they were in cohoots with Sinom

Am happily

Hi YT - know it can be a lottery at times but do you think ACS has found it's support around 32.5? Low volume today. Cheers.

 

[Sean K]

Hi YT - know it can be a lottery at times but do you think ACS has found it's support around 32.5? Low volume today. Cheers.

The obvious support line is across 30. Potential breakout from here with lots of resistance that if broken should result in a bit of a jump. The recent pole and pennant with ascending triangle gives a target of around 45 perhaps.