Australian (ASX) Stock Market Forum

AEX - Acclaim Exploration

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It is going to be in relation to the "midnight pegger". His claims were thrown out today, not sure wether they will appeal or not. Segue went into a trading halt earlier in the day.
 
the barry said:
It is going to be in relation to the "midnight pegger". His claims were thrown out today, not sure wether they will appeal or not. Segue went into a trading halt earlier in the day.
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Barry, Where did you get the news? Thanks.
 
mmmmining said:
Just found it.

http://www.abc.net.au/news/newsitems/200702/s1858359.htm

I think there is no impact on AEX because of 14 days of DD. If AEX is smart enough, it should quite the agreement. Norm McCleary is very bad. He knew he did not have the case, try to screw around. Stupid AEX and SEG took the bait.
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I noticed that segue went into a trading halt last night at 7 pm, they must be in a trading halt in relation to something else? They couldn't have known that the judge was going to give his judgment today?
Aex went into a trading halt after the market closed today. So could they be unrelated trading halts?
 
the barry said:
I noticed that segue went into a trading halt last night at 7 pm, they must be in a trading halt in relation to something else? They couldn't have known that the judge was going to give his judgment today?
Aex went into a trading halt after the market closed today. So could they be unrelated trading halts?
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Barry, It is related to the case, as it is mentioned as the reason for trading halt.

Why it put on trading halt after the market, because they are not efficient, and the company is South Africa Based. They have an office in Perth. When you call them, the team assistant always said they are in meeting = they are not here in Perth
 
Huge increase in volume in this for last 3 days(7 or 8 times normal) and already 13million shares traded.Has gone from 37 to 47 in last few days.Only slight rise today but might be worth looking at as a potential breakout
 
AEX looks a dog stock.

One of very few uranium stocks that hasn't taken off.

Questions would need to be asked I believe in my opinion.
 
Ken said:
AEX looks a dog stock.

One of very few uranium stocks that hasn't taken off.

Questions would need to be asked I believe in my opinion.
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Yes, going ordinary Ken, as we have discussed. One of the most underperformed 'potentials' out there, with an inferred JORC and enough inferred gold to warrant it's current market cap. The thing I have noticed looking back through the anns, along with YT, is that the inferred JORC is a pancake style deposit. In places it's centimeters thick. Plus, every time they ann something it turns into bad news. Like the recent A&P EPL debarcle. :banghead:

Having said that, I am in front with AEX because I've been trading it off the charts and have never held too long expecting the 'fundamentals' to come through.

Would be interested to hear other opinions on DD and the fundamentals of it. Anyone seriously reviewed the initial JORC? Cheers.
 
AEX are completing drilling next week with results to completed in three weeks.With six months worth of drilling behind them this should be the one which turns them into the next pdn hopefully!!!! Phase 3 drilling shouldnt be far away so fingers crossed for excellent results.
 
davey said:
AEX are completing drilling next week with results to completed in three weeks.With six months worth of drilling behind them this should be the one which turns them into the next pdn hopefully!!!! Phase 3 drilling shouldnt be far away so fingers crossed for excellent results.
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davey
an interesting initial post from you
how opportune when uranium is #1
not a ramp in sight!
given early drilling was unspectacular - to the point of boredom - we need to see some "glowing" finds announced to turn around this runt of the uranium litter
with uranium prices as high as they are it probably won't take too much get a mine in place
i've always suspected the local farmers were cropping poppies and that a little residue had found its way to the prospectors
no hurry for a good result - join us at DD for a good time - you can make a habit of it if you like!
 
I prefer to base my trading on a little more than crossing my fingers.

I have been holding AEX for a while, not much happening. Should have traded them every time they hit 5c and bought every time they hit 4c.

This one is a gamble stock, if the pancake gets thicker and davey crosses his fingers maybe it will go from 4c to 10 bucks like PDN. Ha.
 
Forgot I held this stock. If I was management I would dump where they send their core samples. How ever they are much closer to a JORC than half of the other U hopefuls in Aus. I think I'll wait till late June and either take some loss for tax or wait for another delay announcement:eek:
 
Sorry guys but i think you are blind to the fact that these guys are miles closer at mining than people like ern and acb which are 2 vastly over priced stocks especially when they are mining in two very unstable countries where the slightest whiff of money stirs up revoulutionary forces need for cash for guns. I have aquired some original documentation relating to the company "Southern Sphere" whom drilled extensively in the 70's and have been studying this in great detail against other Uranium "Players" past drill results and I cannot understand why this stock is so low?
The DD tenanment seems to have the potential for a major uranium dump on the outer reaches of the non tested parts of the tenament which wil see this JORC double if not treble.
 
Anyone notice the 4.1c buy line on yesterday's open?

One buyer for 2m shares! The order was only partially executed, but gees, thats a whack and a half!

Could it be someone from management suddenly taking interest in their own company?
 
Lets Hope so.
Ann due very soon and I have a v good feeling about this one.
I must say though it has been very stagnant of late.
:cool:
 
I have a good feeling about the upcoming results too...but then again i had the same "good feeling" about the first stage drill results :banghead: LOL!

These guys are sitting on dirt that is potentially worth US$4.5b (US$120/lb U3U8, US$650/oz Au). If they can prove it, this little baby will not only fly to the moon and back, but may have enough grunt to fly to Mars aswell!

Fingers crossed that we see a 3Y in the coming weeks. I need some reassurance...
 

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