Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,134
- Reactions
- 11,242
AEX - Acclaim Exploration
- Thread starter crackaton
- Start date
-
- Tags
- acclaim exploration aex
- Joined
- 7 October 2006
- Posts
- 877
- Reactions
- 0
I withdrawn my bid at 0.041 a couple of weeks ago. It should be filled. I have to play multiple hands with uranium. But no regret without this one.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,134
- Reactions
- 11,242
I think I'm going to get absolutely smashed again, but I'm trying to buy some at $0.054. Looks like it's going to clear this critical level of resistance around $0.05, but where it goes I have no idea. I think this is called sadomasochism.
:whip
Previously, I liked the potential of DD, and it has a relatively low market cap compared to most other U hopefuls. Plus, it has gold. I like gold.
I'm not sure why I'm putting this up here because this stock has burnt many a punter. I've been tampering with it for 10 years and have been lucky to be in front. So far.
I suppose in the least it's a trading opportunity.
Volume has been quite high very recently.
Enter at own risk!
:whip
Previously, I liked the potential of DD, and it has a relatively low market cap compared to most other U hopefuls. Plus, it has gold. I like gold.
I'm not sure why I'm putting this up here because this stock has burnt many a punter. I've been tampering with it for 10 years and have been lucky to be in front. So far.
I suppose in the least it's a trading opportunity.
Volume has been quite high very recently.
Enter at own risk!
Attachments
michael_selway
Coal & Phosphate, thats it!
- Joined
- 20 October 2005
- Posts
- 2,397
- Reactions
- 2
kennas said:One of the few to be green yestey.
Around $0.05 is a critical level for AEX. Looks to be pushing on. Good vol. The only thing that might be pushing it is imminent results from DD, whether they're good or not....
I hate following this stock!!!!!!!!!!!
Hate might turn to love soon
thx
MS
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,134
- Reactions
- 11,242
LOL!michael_selway said:Hate might turn to love soon
thx
MS
Down 10%. I LOVE THIS STOCK!!! It's so painful it's funny. I am going to find some way of making money out of this if it kills me! Aaaahhhhhh!
Michael, next time I say I've bought some you should short it for the inevitable slide, and so that we keep the money with ASF.
Just curious, are you still holding?
- Joined
- 26 October 2006
- Posts
- 327
- Reactions
- 0
Still holding since 7 Nov! I can understand your frustration over its lethargy.
But isn't this exciting, it's above purchase price - for now!
G
But isn't this exciting, it's above purchase price - for now!
G
surprised to see the options held up...in reguards to the sp i would have thought with its current trend and volumes anywhere between 4.6 to 4.9c would be good entry points even if it pulls back again tommorow. I think there's still a few buyers waiting to ride on this one. Tight stops are still the order of the day !
Kennas , i feel for you buddy ....I was tempted myself last week but 10 times bitten 11 times shy.
Tomorow all will be forgotten and i'll probably have a crack if it dips to 4.7c
Kennas , i feel for you buddy ....I was tempted myself last week but 10 times bitten 11 times shy.
Tomorow all will be forgotten and i'll probably have a crack if it dips to 4.7c
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,134
- Reactions
- 11,242
I'm just trading this for entertainment value now. It makes me laugh. And then cry.constable said:
- Joined
- 7 October 2006
- Posts
- 877
- Reactions
- 0
Easy to get hurt when the stock is acting against you, tease you, and outsmart you. When the stock is on "B" list, no need to worry. Easy way to get out is don't play "B" stock.
- Joined
- 7 October 2006
- Posts
- 877
- Reactions
- 0
I just was acting against my principle, I just bought a few AEX, even I considered it as grade "B" stock.
The reason is that seeing all Grade "A" stocks are skyrocketing, while this "B" stock is not going anywhere. So I talked to the company after a few attempts. I did not get much more info, but I was pointed an overlooked report ann. on 20/7/2005. It was the beginning of uranium/gold story of AEX.
I have studied it over the weekend. The uranium grade is low, the width is low as well. By average the width looks like less than 1m. Put these into context, the first drilling results were no surprise.
I guess a few facts charmed me:
1. Gamble (being surrounded by casinos recently)
2. Minerals closing to surface
3. Contained gold might make it economic viable
4. lagging against other uranium stocks (maybe a dog?)
OK, the news I am wait for is lots of drilling results. So they can indicate the resources, at least half of the referred resources.
The reason is that seeing all Grade "A" stocks are skyrocketing, while this "B" stock is not going anywhere. So I talked to the company after a few attempts. I did not get much more info, but I was pointed an overlooked report ann. on 20/7/2005. It was the beginning of uranium/gold story of AEX.
I have studied it over the weekend. The uranium grade is low, the width is low as well. By average the width looks like less than 1m. Put these into context, the first drilling results were no surprise.
I guess a few facts charmed me:
1. Gamble (being surrounded by casinos recently)
2. Minerals closing to surface
3. Contained gold might make it economic viable
4. lagging against other uranium stocks (maybe a dog?)
OK, the news I am wait for is lots of drilling results. So they can indicate the resources, at least half of the referred resources.
- Joined
- 7 October 2006
- Posts
- 877
- Reactions
- 0
kerosam said:sold my holdings today for another stock... at a 25% loss
but then, still wish you the best with this one.
Not particularly worried, thanks anyway. I bet multiple horses, this one might be the hopeless one. Give it a go. But I didn't bet my house on it.
- Joined
- 5 January 2007
- Posts
- 384
- Reactions
- 0
well, the latest programme (1000m) sounds kind of small to extend the resource, esp. as it is to be "tight spaced" (from the most recent qtly, 31/1/07). AEX have a history of getting some good projects but then doing nothing with them. For example Wingellina nickel that they only put 1 (that's "one") hole into in 2 years, before divesting it to MLX. How deep is this thing? If it's an open pit it might be a goer based on a gold resource at 2.5g/t with uranium credits. But a 1m thick resource needing underground mining on that kind of grade is pretty skinny.
Previously when Wingellina was their focus, I noticed that their qtlys were long on geological history, but short on what THEY were actually planning to do with it. It seems nothing has changed with Denny Dalton.
Might be worth a punt (I'm not a holder), but it would only be a punt. I've watched the company because I used to work for them as a geo, but I don't know anyone who works there now, so can't comment on the current management.
Previously when Wingellina was their focus, I noticed that their qtlys were long on geological history, but short on what THEY were actually planning to do with it. It seems nothing has changed with Denny Dalton.
Might be worth a punt (I'm not a holder), but it would only be a punt. I've watched the company because I used to work for them as a geo, but I don't know anyone who works there now, so can't comment on the current management.
Kauri
E/W Learner
- Joined
- 3 September 2005
- Posts
- 3,428
- Reactions
- 11
Exgeo...
Thought the company might have changed with the exit of Matich and Wheeler, but seems to be the same old pattern. Was Wingellina ever really taken seriously, seemed a bit of a blind to me at the time. Water for any plant would be a massive problem, the same sort of problem facing the other prospective mining areas now being talked up between Wingellina and Warburton. And transport of any ore/concentrate.
(You weren't the geo who dropped in to Irintju with Matich in great style in a chopper were you?)
Thought the company might have changed with the exit of Matich and Wheeler, but seems to be the same old pattern. Was Wingellina ever really taken seriously, seemed a bit of a blind to me at the time. Water for any plant would be a massive problem, the same sort of problem facing the other prospective mining areas now being talked up between Wingellina and Warburton. And transport of any ore/concentrate.
(You weren't the geo who dropped in to Irintju with Matich in great style in a chopper were you?)
- Joined
- 5 January 2007
- Posts
- 384
- Reactions
- 0
Well when I was working there I sometimes used to think "where the hell to they find these things" (projects), but perhaps they were not so good at picking up the ball and running with it. They brought Lake Maitland (Mt Joel) uranium to Acclaim for example. RPT later got taken over by Mega Uranium only on the basis of LM. Unfortunately at that time Uranium was worth bugger all. That's why I ended up doing other things such as stock speculating, rather than geo-ing.
MLX (who I own) are doing the right thing at Wingellina and drilling lots of holes to prove up a resource, and extend it. There really is a s**tload of nickel there, admittedly in the a*se end of nowhere. Try 20km of drilling per qtr compared to 1 hole in 2 years! Don't know who Wheeler is, but Brett Matich's offsider (who really moved things apparently) was Mich Shimessian. Never shared any helicopters, but had a few drinks once.
MLX (who I own) are doing the right thing at Wingellina and drilling lots of holes to prove up a resource, and extend it. There really is a s**tload of nickel there, admittedly in the a*se end of nowhere. Try 20km of drilling per qtr compared to 1 hole in 2 years! Don't know who Wheeler is, but Brett Matich's offsider (who really moved things apparently) was Mich Shimessian. Never shared any helicopters, but had a few drinks once.
Kauri
E/W Learner
- Joined
- 3 September 2005
- Posts
- 3,428
- Reactions
- 11
Exgeo..
When you were with them did they have access to the 100,000+ mtrs of drill assays done in the 60's when the deposit was first identified?
When you were with them did they have access to the 100,000+ mtrs of drill assays done in the 60's when the deposit was first identified?
- Joined
- 5 January 2007
- Posts
- 384
- Reactions
- 0
They didn't have either Wingellina or Denny Dalton at the time I was there. But the quality of 1960's drilling, assaying and record-keeping means that a lot of that work would have to be repeated to be useable in a JORC resource today. This is true for any project or company.
Kauri
E/W Learner
- Joined
- 3 September 2005
- Posts
- 3,428
- Reactions
- 11
Exgeo..
Just wondering, does crysoprase and nickle go hand in hand? As you know on the hill just out the back of Wingellia is the old crysoprase mine, and out the back of Jameson where WMC/BHP's Nebo is is another old crysoprase mine.
If it is more than coincidence then there is another area off the beaten track a bit, in the same general location, where if you kick a few rocks there is a mass of crysoprase, (which has never been mined). Maybe I should head off with a hammer and a few pegs...
Just wondering, does crysoprase and nickle go hand in hand? As you know on the hill just out the back of Wingellia is the old crysoprase mine, and out the back of Jameson where WMC/BHP's Nebo is is another old crysoprase mine.
If it is more than coincidence then there is another area off the beaten track a bit, in the same general location, where if you kick a few rocks there is a mass of crysoprase, (which has never been mined). Maybe I should head off with a hammer and a few pegs...
- Joined
- 7 October 2006
- Posts
- 877
- Reactions
- 0
There is a trading halt. I believe it is the release of drilling results.
I believe it will like very bad if not put in context of historic data. The historic data shows only less than 1m width, but spread all over place, most in about 20m from surface, with average grade about 0.5lb/t.
According to Exgeo, it is good for open pit mining.
I bought some a few weeks ago against my will after exposing to casino for too long time. But anyway, who cares, money is not everything, sometimes, we need some fan! (tuition fee)
I believe it will like very bad if not put in context of historic data. The historic data shows only less than 1m width, but spread all over place, most in about 20m from surface, with average grade about 0.5lb/t.
According to Exgeo, it is good for open pit mining.
I bought some a few weeks ago against my will after exposing to casino for too long time. But anyway, who cares, money is not everything, sometimes, we need some fan! (tuition fee)
