AEX - Acclaim Exploration

[the barry]

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 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...

What upcoming results? By the time they actually release them to the market the uranium bubble will probably be well and truely over. This company is shocking at informing their investors of their progress, or lack thereof.

 

[alphman]

What upcoming results? By the time they actually release them to the market the uranium bubble will probably be well and truely over. This company is shocking at informing their investors of their progress, or lack thereof.

I have to agree with you there. Their market updates of late have been less than impressive. Not just their frequency, but also the content.

Having said that, I think the dog has just woken up!

Up 0.5c with 14m volume...!!!

 

[Brissydave]

Hey alphman.

as a long term holder ... I can tell you whatever they find, however good the results are ... the management will stuff it up somehow ... maybe issue another 200 million options really cheap to their "mates".

I don't want to rain on anyone's parade, this is just an "old hand" ..... saying I got to be an "old hand", by getting stuck when the management shafted the stock ... repeatedly.

Still I am holding, hoping that the results will be bigger than even "they" can stuff up ... LOL

Cheers ... Dave

 

[Lion King]

More buyers than sellers at the moment which is a good sign.
See the 5 million order at 0.044 ($220,000). Lots of money pouring into this at the moment which potentionally signals a positive annnouncement.

Fingers crossed that management do not stuff this up again.

Could someone tell me when the last options were issued and at what price?

 

[Stackman]

More buyers than sellers at the moment which is a good sign.
See the 5 million order at 0.044 ($220,000). Lots of money pouring into this at the moment which potentionally signals a positive annnouncement.

Fingers crossed that management do not stuff this up again.

Could someone tell me when the last options were issued and at what price?

Lion King,

I'm also interested in these options. Do you know their limit price. ie, at what price can they be exercised at in June 2008?

Stackman

 

[Sean K]

Lion King,

I'm also interested in these options. Do you know their limit price. ie, at what price can they be exercised at in June 2008?

Stackman

Guys, you get this from their cash flow report. Just go to the companies announcements and look for the last report. The June 08 options are exercised at 5 cents.

 

[alankew]

Currently up 10%(5c) on pretty hefty volume.Volume has been increasing on this and results are expected soon.Looks to have broken out of recent price trend(back to Mid Oct last year)

 

[alphman]

I found myself with a bit of spare time at work this morning so I thought I'd try to find some info about the Denny Dalton Project...

I ended up skewing my research coz I couldn't find anything meaty on DD. Thats when I came across a Resource Audit Report on one 'Ezulwini Project'.

http://www.simmers.co.za/asp/images/documents/Ezulwini Final Resource Audit 7 Septmber.pdf (4MB)

Two things caught my attention:

• The Ezulwini Project lies on the West Rand of the Witwatersrand Basin.
• The audit was co-conducted by Francois Martens.

Francois Martens was the geological consultant contracted by Savannah Diamonds to evaluate the DD mine. He likened the mineralisation style of Denny Dalton Project to that of the Witwatersrand conglomerates. I guess this is where the "competent person" declaration comes into play (refer to AEX QAR, 28/04/06).

Anyway, the Ezulwini Project (Middle Elsburg) has inferred resources of 140Mt @ 4.6g/t Au & 0.75kg/t U3O8 for 20.7Moz Au & 235Mlb U3O8, which IMO is very significant.

Martens went on to recommend that "all previous drilling and sampling at DD be verified and better understood" which puts a dampener on things, but still, IMO, I think DD has potential.

I am anxiously awaiting those drill results, which hopefully is not too far away now!!!!

P.S. My opinions are my opinions only. DYOR and make your own conclusions.

 

[Nifty]

Currently up 10%(5c) on pretty hefty volume.Volume has been increasing on this and results are expected soon.Looks to have broken out of recent price trend(back to Mid Oct last year)

Buy a million at .04 would be the go,these penny dreadfuls are worth holding long, one can always hope for a CDU result, Wow!

 

[Stackman]

How long must we be kept waiting on these results?? They must be waiting on Uranium to hit $200/lb! Hope its worth the wait..

 

[alphman]

News out....not what I expected but still, news is better that no news. I think this will go down quite well...

http://imagesignal.comsec.com.au/asxdata/20070613/pdf/00729205.pdf

 

[bruno]

it appears a purchase for 2mill shares just went thru. Does anyone have any thoughts on what might be happening?

 

[bruno]

AEX has been low volume for a while but traded 3mill shares in last 40 minutes yesterday and opened today with over 3 mill shares going thru.
given their apparent history re announcements any thoughts anyone?
sp gone from .45 late yesterday to .49 this morning

 

[Wysiwyg]

AEX has been low volume for a while but traded 3mill shares in last 40 minutes yesterday and opened today with over 3 mill shares going thru.
given their apparent history re announcements any thoughts anyone?
sp gone from .45 late yesterday to .49 this morning

Long overdue resource report SUPPOSED to be the end of this month.

Guinea U holdings to be formerly acquired after due diligence.Ummmm..oh yeah...new managing director too (South African)


p.s. ...some sleepy holders will prolly get woken up on the pop .

 

[bruno]

Long overdue resource report SUPPOSED to be the end of this month.

Guinea U holdings to be formerly acquired after due diligence.Ummmm..oh yeah...new managing director too (South African)


p.s. ...some sleepy holders will prolly get woken up on the pop .

thought that at the satrt wysiwyg but it now appears it might be more that that now.
10 mill shares already thru and up to .53 and still going

 

[arkady]

Obviously some buyers know more than us. Any definate info out there? Already on this at 46 cents on the pending resource announcement.

 

[the barry]

Obviously some buyers know more than us. Any definate info out there? Already on this at 46 cents on the pending resource announcement.

You guys should really consult the chart on this one, one of the best pump and dump stocks going around. Really is the blind leading the blind. Have a look at the number of times the stock has run like this in the past 18 months on the expectation of news, only for none to come and the stock to drift back. No buyers no more than you.

 

[flyboy77]

Excerpt from AEX's last release.......

"The Directors of Acclaim are also please to announce that they have entered into an agreement with Laskara Limited to acquire the rights to explore and mine uranium in the West African nation of Guinea. The Company has been granted the entitlement to formally survey the entire Prefectures of Mali, Siguiri, Mamou, Kindia, Kissidougou, Mandiana, and N’Zerekore in Guinea and select what it believes to be the most prospective uranium rich occurrences.

In addition, Laskara has procured an enormous data base of existing uranium exploration data collected over several decades, including intensive work by Cogema, the French government nuclear agency, since renamed Areva. The data includes previous drill hole data, aeromagnetic survey data and comprehensive geological mapping of the prospective regions in the country."

Does that not change the outlook of many here?

 

[flyboy77]

From the Burey Gold Prospectus
"Since 1996, Guinea has made considerable progress in the restructuring and managing the economy, and in addressing corruption issues. Real GDP growth in 2002 was 4.2% with an inflation rate of 3%. Agriculture which accounts for about a third of Guinea’s GDP, employs about 80% of the workforce, with coffee being the largest export crop and cotton, fruit, cocoa, oil and nuts also exported. Forestry operations have potential for growth.
Agricultural production continues to strengthen as does housing construction with a positive impact on growth figures.
Mining is Guinea’s most dynamic industry sector and its major source of foreign exchange.
Guinea has abundant natural resources, which includes 25% of the world’s known reserves of quality bauxite, globally significant tonnages of high grade iron ores along with diamonds, gold, and potential for other metals. Bauxite and alumina are currently the principal exports. The country also has sites which offer the potential for the establishment of significant hydroelectric power facilities. Despite excellent economic progress made in the late 1990’s, the fall in demand and drop in prices of bauxite and aluminium, and the
tenuous security situation in neighbouring countries has dragged on the economic performance.
Guinea's main export markets are in Belgium, Spain, Ireland, Ukraine, Russia and the US.
The Guinean government encourages a free market economy and is implementing a programme of privatisation. It is also active in promoting foreign investment. In 2002, exports amounted to US$ 775.9 million and imports totalled US$686.1 million. The overall fiscal deficit (excluding grants) widened to 8.2% of GDP in 2002 from 7.5% in 2001, owing to expenditure overruns that overshadowed progress achieved in revenue collection. GDP
in 2000 was US$3.1 billion."

 

[arkady]

Surely the drilling results can't be delayed too much longer going by that same announcement (13/06/07) mentioned by flyboy77.

"As previously announced, the drilling results from the Denny Dalton Project were anticipated to be released to the company around the end of May. Delays with the drilling program caused by operational issues caused it to extend past the scheduled completion date. Logging of the final drill holes was completed and a total of 675 samples were sent to the laboratory for analysis on the 16th May. Results are expected later this month."