Australian (ASX) Stock Market Forum

AEX - Acclaim Exploration

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When your sp has been hovering between $0.04 and $0.06 for ages, why wouldn't you do a placement at at 25-50% discount to that????

WHAT THE??????????????????????????

I am losing it with these guys.
 
Why is there STILL support (no big traders in there) at 3.5c-3.7c after the news and no huge support at 3c or below for that matter????

Maybe silly q.
 
Mmm has bounced back up to 0.039 so maybe it was just a shock reaction or those who bought at 0.03 getting out but its back up to where it opened
Bit hard to follow really, I'll see what happens next couple of days
 
I've got no idea Tech. They don't say who this placement is aimed at as far as I can see. It's going to be arranged by Aegis, so perhaps Aegis are going to hand them out to their mates.

Funny, they were 'pleased to announce' this placement as well.

Last time they were 'pleased to announce' something the shares were smashed 35%, now what? What happens when they are 'delighted to announce' something. A 50% drop.

They still say they are aiming to turn the inferred resource to measured so a PFS can be done......just when.....if.....

With the issue of another 75m shares that takes the total out there to 680m fully paid, 40m partly paid ($0.02 to go), and 420m options excised at $0.05 on 30 Jun 08. With a current sp of about $0.039...

So, with a current sp of about $0.039 x 720 mil = $28,080,000 plus 420m oppies at $0.05 = $21,000,000. Market cap: $49 mil.

The inferred resource is still $3 billion plus, so surely it's still a potential player.

trouble will be I suppose, that to get it to the mining stage just how many more placements will there need to be, unless they are bought out or get in a JV/Farm in with someone who will pay the bills......PDN, please look over here!
 
Yes, I'm not following either the market is in a rally b4 it hits the 3c mark...????....but hey I hope I'm forgiven as I'm curiously new here...

Isn''t this bad news for all that own above 3c...???? :eek:

Thanks
SevenFX
 
Damn disappointing. Heading back to all time lows. Investors have lost confidence in it by the look.

Funy thing is, the inferred JORC resource for DD still stands.
 
kennas said:
Damn disappointing. Heading back to all time lows. Investors have lost confidence in it by the look.

Funy thing is, the inferred JORC resource for DD still stands.
Click to expand...
JORC means diddly squat to most.
Their report did notexcite the market - we wanted much more.
Is there more and better?
Their report did not say how deep they went!
Their report was not very illuminating at all.
But they want more money to drill more holes.
Are they conning us, or do they know more than us.
I think the latter, but am not travelling all the way there to find out.
Re-enter at 2.5cents anyone - lol.
 
rederob said:
JORC means diddly squat to most.
Their report did notexcite the market - we wanted much more.
Is there more and better?
Their report did not say how deep they went!
Their report was not very illuminating at all.
But they want more money to drill more holes.
Are they conning us, or do they know more than us.
I think the latter, but am not travelling all the way there to find out.
Re-enter at 2.5cents anyone - lol.
Click to expand...

I sold at $0.38. Not sure if I'm going to come back to it.
 
Looks like it was a bottom at $0.034. Will probably be back in if it beats $0.04. Everything is going up atm, could be just responding to general U sentiment. Other stocks are up 10-20 %.
 

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