AEX - Acclaim Exploration
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michael_selway
Coal & Phosphate, thats it!
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crackaton said:
hi cashing all at 10c? so not much upside after 10c?
thx
MS
LOL!
I question whether some people on this thread should even be trading shares!
Anyway, crackaton reckons he's going to sell his parcel if/when they get to 10c... michael_selway has asked if there isn't much upside potential to 10c... laurie's said he must be in pre school based on his rather ignorant comment combined with his avatar (the picture next to your name if you have one).
If they get some gold production or Uranium production going, then this is going to determine their upside and I can tell you that they're going to be a lot higher than 10c.
I question whether some people on this thread should even be trading shares!
Anyway, crackaton reckons he's going to sell his parcel if/when they get to 10c... michael_selway has asked if there isn't much upside potential to 10c... laurie's said he must be in pre school based on his rather ignorant comment combined with his avatar (the picture next to your name if you have one).
If they get some gold production or Uranium production going, then this is going to determine their upside and I can tell you that they're going to be a lot higher than 10c.
lol If. Who started this thread anyway? I'm selling for other reasons not because it won't go past .10. I need a new boat and car. So there!!Cyph said:LOL!
I question whether some people on this thread should even be trading shares!
Anyway, crackaton reckons he's going to sell his parcel if/when they get to 10c... michael_selway has asked if there isn't much upside potential to 10c... laurie's said he must be in pre school based on his rather ignorant comment combined with his avatar (the picture next to your name if you have one).
If they get some gold production or Uranium production going, then this is going to determine their upside and I can tell you that they're going to be a lot higher than 10c.
Hey guys
Anyone on AEX again / still?
Just bought in yesterday - yep, that's my motto, buy high........wait for a while
AM happy to get in anyway.
Any thoughts on it now?
I know it has the GM on april 24, hopefully some good news, it's been steadily growing of late.
Anyone on AEX again / still?
Just bought in yesterday - yep, that's my motto, buy high........wait for a while
AM happy to get in anyway.
Any thoughts on it now?
I know it has the GM on april 24, hopefully some good news, it's been steadily growing of late.
pharaoh said:Hey guys
Anyone on AEX again / still?
Just bought in yesterday - yep, that's my motto, buy high........wait for a while
AM happy to get in anyway.
Any thoughts on it now?
I know it has the GM on april 24, hopefully some good news, it's been steadily growing of late.
Yes thats the way, buy high sell higher...
Umm.. fundamentally since that 27/3 announcement, nothing has changed...
They have a JORC resource from last year (2005) drilling of 11,025tonnes uranium and 2.5m oz of Gold...
They are now drilling to confirm this...
Initial results are expected to be out next month so i hear...
That seems true - doesn't that mean prospects should be extremely good??
Like such that the current sp should be completely undervalued?
Oh, just to clarify, I dodn't intend on buying high - last few trades seem to buy then the bloody things retrace within minutes - doh...
Like such that the current sp should be completely undervalued?
Oh, just to clarify, I dodn't intend on buying high - last few trades seem to buy then the bloody things retrace within minutes - doh...
Great time to accumulate AEX _ I have taken opportunity last 2 days to add to my existing holdings in both AEX & AEXO
IMO we wont be disappointed! It has moved up 100% in the last few months so consolidation is healthy - The market also has to have further "proof" that this project is as good as it is described. Thing is: even if it is only HALF as good, then 50 cents will end up being cheap. Also: Once the market is "convinced" by positive announcements, it will be too late.
My policy: Take a strong position initially & then accumulate on strength. So I am in since Feb at low prices, then have added along the way as new levels have been confirmed.
Cheers & all the best
IMO we wont be disappointed! It has moved up 100% in the last few months so consolidation is healthy - The market also has to have further "proof" that this project is as good as it is described. Thing is: even if it is only HALF as good, then 50 cents will end up being cheap. Also: Once the market is "convinced" by positive announcements, it will be too late.
My policy: Take a strong position initially & then accumulate on strength. So I am in since Feb at low prices, then have added along the way as new levels have been confirmed.
Cheers & all the best
Thanks Kariba
A mate of mine has been trading aex for a few years and said it only fluctuates between 2c - 6c, but I get the feeling it is moving into the next stage where they are making significant gains and moving out of that realm.
Seems to be the sentiment on the boards too, so that's good to hear.
Hey, can you tell me how options would work on aex?
I am v naive when it comes to this. How does it work?
Thanks
A mate of mine has been trading aex for a few years and said it only fluctuates between 2c - 6c, but I get the feeling it is moving into the next stage where they are making significant gains and moving out of that realm.
Seems to be the sentiment on the boards too, so that's good to hear.
Hey, can you tell me how options would work on aex?
I am v naive when it comes to this. How does it work?
Thanks
pharaoh said:
That was before they bought Denny Dalton, which was late last year...
Like laurie has mentioned they are sitting on $1billion in Uranium and $1.375billion in gold (using gold=us550)....
I think the fact that they have 4.5million shares in MTX, and $1.6million cash and dont forget they already have a JORC resource, will somewhat put a floor on the share price if it falls due to delays and problems etc...
Maybe it will go down to 3c or 2c..
But the upside, imagine from 2009 they start producing 200,000oz per annum and 1,000tonnes of uranium per annum...
In that case $1++
I believe that in follow up drilling, if results come good, the share price would be 10c, and then after pre-feasibility studies are down (1 step b4 BFS) by end of the year maybe, we could see 50c+ by december...
So risk/rewards look very good...
They already have a resource remember, so market cap of $30million is a joke, much less than some EXPLORERS....
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nizar
I hold AEX and am optimistic of a good outcome.
Having a known resource is a good start, but drilling may show it is not as robust as anticipated, or not viable until uranium reaches a particular price.
Assuming all goes well, AEX will need to raise money to mine the ores.
New shares will be offered to the market and significant dilution will occur.
Ideally AEX will want the share price as high as possible before going cap in hand to fund the mine, so I expect they will release the exciting news first, and follow it up with something long and technical that most of us will ignore because we can't understand it.
Selling time will be the day after the good news, and buy back time will be in the week that new shareholder allocations are made. I say this because there is a mood of expectation in the interim, and the delay in between tends to drag down the share price.
But that's just how I see it.
I could have it very wrong.
That said, remember that we are talking about the capacity to mine virtually unencumbered, so AEX knocks the sox off Australian hopefuls from this very practical perspective.
I hold AEX and am optimistic of a good outcome.
Having a known resource is a good start, but drilling may show it is not as robust as anticipated, or not viable until uranium reaches a particular price.
Assuming all goes well, AEX will need to raise money to mine the ores.
New shares will be offered to the market and significant dilution will occur.
Ideally AEX will want the share price as high as possible before going cap in hand to fund the mine, so I expect they will release the exciting news first, and follow it up with something long and technical that most of us will ignore because we can't understand it.
Selling time will be the day after the good news, and buy back time will be in the week that new shareholder allocations are made. I say this because there is a mood of expectation in the interim, and the delay in between tends to drag down the share price.
But that's just how I see it.
I could have it very wrong.
That said, remember that we are talking about the capacity to mine virtually unencumbered, so AEX knocks the sox off Australian hopefuls from this very practical perspective.
pharaoh said:
Hi Pharoah
True but we have a new situation: 1] Boom Uranium market 2] New project Denny Dalton
pharaoh said:
You trade options (AEXO) thru your broker same as fully paids (AEX) - Difference is that at future date (AEXO - June 30, 2008) you need to make a payment to convert them to AEX's - In this case 5cents. So in theory there should be a 5cents difference between the two. However because 2008 is way off, they will trade for some time at a premium - currently only 2cents difference.
At this stage the benefit/dangers of options is LEVERAGE! You get to buy more AEXO's per $1 & you can therefor make more profit as the SP rises (or losses if it drops)
A suggestion would be to buy into BOTH. Perhaps 75% AEX / 75% AEXO as a start until you get more confidence.
Just remember with options, you need to make sure they are "in the money" as the due date approaches. If not they are worth $0.00!!!! (that means the FPO's have to be trading ABOVE the cost of conversion)
Hope that helps
cheers
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hi guys,
always been a fan of uranium & I hold a small lot in AEX but really agree that fund value didn't change from 3 weeks ago till now & real gain should be more on the long run, just still can't make sense of current hype & idea of retrace is a bit logical & defenitely a possibility.
about gold, currently sitting on US$600 & defenitely a winning card specially that real production is in future which allows more time for higher gold prices.
Uranium is the amazing part of the story where no one can really see where its heading, demand is extra ordinary & govts all over the world building nuclear power plants as if they can grow Uranium in their backyards, so personally I would be amazed if U price didn't double in price in 24 months if not earlier.
Today's story is Uranium, so physically if we put the word uranium in any sentence it will attract attention.
cheers & good luck to all on this one, including me
always been a fan of uranium & I hold a small lot in AEX but really agree that fund value didn't change from 3 weeks ago till now & real gain should be more on the long run, just still can't make sense of current hype & idea of retrace is a bit logical & defenitely a possibility.
about gold, currently sitting on US$600 & defenitely a winning card specially that real production is in future which allows more time for higher gold prices.
Uranium is the amazing part of the story where no one can really see where its heading, demand is extra ordinary & govts all over the world building nuclear power plants as if they can grow Uranium in their backyards, so personally I would be amazed if U price didn't double in price in 24 months if not earlier.
Today's story is Uranium, so physically if we put the word uranium in any sentence it will attract attention.
cheers & good luck to all on this one, including me
IGO4IT said:Today's story is Uranium, so physically if we put the word uranium in any sentence it will attract attention.
cheers & good luck to all on this one, including me
Yes and to add another 30% to the sp say "Olympic Dam Style"
cheers laurie
