AEX - Acclaim Exploration
- Thread starter crackaton
- Start date
-
- Tags
- acclaim exploration aex
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,134
- Reactions
- 11,246
Good action today. Up 10% at last look on 7M volume.
Found support at about the .038c (200d MA) level and bounced.
Next upward resistance around .05c, so room to move.
.035c should be it's lowest point on chart during this phase, if market turns negative.
Found support at about the .038c (200d MA) level and bounced.
Next upward resistance around .05c, so room to move.
.035c should be it's lowest point on chart during this phase, if market turns negative.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,134
- Reactions
- 11,246
Come on Jemma, it's a $5.00 stock just waiting to happen. 
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,134
- Reactions
- 11,246
It's broken out on the charts.
Wish I knew how to bloody paste it in! Help GP!
Wish I knew how to bloody paste it in! Help GP!
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,134
- Reactions
- 11,246
Jemma has all her cash parked in EXT which is an alternate to AEX so she doesn't want people thinking AEX is a good stock.
Those options could be a good punt. I don't think buying something just because it goes down is necessarily a good tactic though. Make your own assessment of the potential of the company and what value it's shares might be and buy according to that.
A factor to consider with uranium atm is whether the Labor Party is going to change it's 3 mine policy in Australia. Recent polls suggest Labor might win the next election which means they're in a better position to maintain their 3 mine policy. That would gazump the sp of all hopefull Australian based U3O8 miners. AEX would then be looking even better!!!!
Those options could be a good punt. I don't think buying something just because it goes down is necessarily a good tactic though. Make your own assessment of the potential of the company and what value it's shares might be and buy according to that.
A factor to consider with uranium atm is whether the Labor Party is going to change it's 3 mine policy in Australia. Recent polls suggest Labor might win the next election
which means they're in a better position to maintain their 3 mine policy. That would gazump the sp of all hopefull Australian based U3O8 miners. AEX would then be looking even better!!!!Thanks for that Kennas. I noticed that Jemma had been posting quite a bit on the EXT thread so I figured that would be the reason for her negative approach towards AEX.
Holding a few options at the moment anyhow but you have given me a bit of food for thought.
Cheers.
Holding a few options at the moment anyhow but you have given me a bit of food for thought.
Cheers.
- Joined
- 27 April 2006
- Posts
- 1,109
- Reactions
- 4
I hold both AEX and EXT. I think market sentiment towards AEX has begun to turn around SP has been steadily increasing. AEX has a uranium deposit whereas EXT does not. AEX only has to turn this into measured and its blue sky. I think this negative attitude will soon disappear when they show the goods.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,134
- Reactions
- 11,246
AEX going to release statement on a 'royalty' at DD. Interesting.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,134
- Reactions
- 11,246
After reviewing the announcement, I am more positive about the decision to buy out the potential royalty to the previous owner of DD. This is surely a sign of managements confidence in the project actually containing the inferred resource previously established? For whatever reason the general market wasn't that extatic about it and took it from a 2% gain to a 2% drop. Still, on the chart, it's looking short term positive. Needs to break .045c on it's way through .05c for the momentum to continue. As indicated, resistance lies around .045c and then .05c, but short term it seems to be going up.
