AEX - Acclaim Exploration

[Sean K]

Yep,

Another good start to the day on good volume.

Holding the upward trend started around 15 June, so that's almost a month moving generally up.

Breaking .05 will be a very positive sign.

 

[xice]

Interesting to see this stock only trade a quarter of its 3M average today.
Any ideas?

 

[Brissydave]

Perhaps just interest elsewhere .... like EXT, another Uranium explorer announcing mineralisation ... although a mate of mine who loves his charts will always point to lower volume with narrow trading range as an indication of a coming breakout ... I live in hope ... LOL.


Cheers ... Dave

give me another coffee and open the chablis, it's been a big day .. LOL

 

[snopig]

Five Holes drilled six to go!!!

Shallow drilling due to the DD being a shallow mine


Denny Dalton – Drilling Progress Report

• Five Holes Completed

• Hole Depth Average 25 m to 45 m

• Core samples being cut for assaying

The company is pleased to announce that 5 of the initial 11 targets have been completed at Denny Dalton. Refer attached map.

The new core splitter has arrived on site and work has commenced on the core sampling. This includes preparation for transportation to Johannesburg and assaying by SGC Lakefield.

Their website is www.met.sgs.com
Upon the completion of this first phase drill program a second drill program has been proposed by Caracle Creek International Consulting Group (CCIC). This will compliment the first program with holes collared to assist in calculating the initial resource. The exact number of holes to be drilled during this phase can not be provided.

However a minimum of 10 holes further out from the known mineralised area will be undertaken – all targeting an extension of the Mozan Contact Reef (MCR) payshoot.

Denny Dalton is situated at the southern most end of a major Precambrian basin in which deep erosion has stripped away the cover rocks and exposed the units of the Pongola Super Group.

This Pongola basin is compatible in size with the Witwatersrand but about 300 million years older. The Pongola rocks are estimated to be 3.1–2.9 billion years compared with the Witwatersrand which spans 2.75 – 2.5 billion years. Mineralisation at Denny Dalton occurs as shoots of gold and uranium concentrations within conglomerate beds at the base of the Mozaan Group.

These conglomeritic beds outcrop over a strike area of approximately 4km with the Mozaan Contact Reef the principal economic horizon lying unconformably on the Insuzi Lava Formation. Previous stratigraphy above the MCR, have shown to have economic potential both for gold and uranium.

Yours faithfully

Neville J Bassett
Secretary

Suite B 150 Hay St Subiaco Western Australia 6008
Telephone: + 61 8 9388 8436 Facsimile: + 61 8 9388 8450

 

[rederob]

Even if Denny Dalton proves not to be as promising as previously thought, with the price of uranium continuing to rise, the project itself is likely to get the go ahead (me and snopig have bought picks and shovels and are ready to go!)

 

[snopig]

Yeh I have my shovel ready to held out if needed

 

[Sean K]

AEX looking shakey, dropped to .036c and playing footsies with 200d ma. Look for bounce off previous support levels here. Me hopes.

Must be due for some more news at DD!

 

[Brissydave]

Truly amazing ... 11.52 and trades = zero ... this stock rarely trades under 1 mill per day and often much higher.

At least, if there are no buyers ... there are no sellers either ... but still weird.

Dave

 

[snopig]

Interest building in AEX and AEXO today. Just a waiting game now for drill results.

 

[Sean K]

Up 10% on good vol. Positive cross on the MACD moving up.

The next ann must be on it's way. It's due!

 

[xice]

Another strong few days have got AEX approaching the $0.50 barrier.

 

[Sean K]

Well, it's held above $0.04, which is a start.

Found a firm base by the look, but this could track sideways for a while until it brings out the next results at DD. Then, assuming they find similar results from that previously, it'll go up.

I'm sure their first drill holes will be in locations they know was tested already and found to have gold and/or uranum, just to get some runs on the board, so it should be positive. Surely.

 

[xice]

lol, make that 5c barrier

 

[rederob]

lol, make that 5c barrier

Nah
I am happier with resistance at 50cents!
Me and snopig are "out there", you know, and I reckon kennas is not far behind.

 

[Sean K]

LOL, I sell everything and retire to the Caribbean at $0.50.

 

[laurie]

LOL, I sell everything and retire to the Caribbean at $0.50.

Well there is a matter of CGT to consider

cheers laurie

 

[rederob]

Well there is a matter of CGT to consider

cheers laurie

I have heard the Caribbean islands have a deleterious affect on ones memory, especially in relation to completing overseas income tax pro formas!
Another martini, please.

 

[kariba]

Looked very strong last week .... sellers seem to be moving away, so we might have a good week on AEX.

Announcements must be close

cheers

 

[Sean K]

A nice hammer formed after that doji possibly indicating a bullish trend but needs to be confirmed with another upward move. A long white candle will do me. Will find trouble at $0.048 again.

 

[Freeballinginawetsuit]

Hmm, bought these guys this morning and they have just gone into a Halt.

Any thoughts,Kennas