AEX - Acclaim Exploration
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Sean K
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Hey AEX follows!
Found good support at .038c and moved up well on volume to current .042c.
.04c seems to be a definate short term support line, but could be just response to general market sentiment. And, as such, any further correcting will drag the price back down perhaps.
Importantly though, it's moved back up through 200d MA which it crossed briefly at .037c. But only briefly!
With the company now positioned to actually start drilling to confirm the inferred resource at DD it should be an interesting time for Acclaim.
Looking forward to more updates on this.
Found good support at .038c and moved up well on volume to current .042c.
.04c seems to be a definate short term support line, but could be just response to general market sentiment. And, as such, any further correcting will drag the price back down perhaps.
Importantly though, it's moved back up through 200d MA which it crossed briefly at .037c. But only briefly!
With the company now positioned to actually start drilling to confirm the inferred resource at DD it should be an interesting time for Acclaim.
Looking forward to more updates on this.
Fingers crosssed kanna. I've heard some rumours that things might be better than first thought, but we will see. Anyway, its worth chucking 4 or 5 K on it if you can spare the cash. VERY SPECULATIVE but could prove the goods. Cheers.
p.s don't blame me if it tanks ok.
p.s don't blame me if it tanks ok.
Sean K
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I won't blame you mate. I have 8K on it already but might double up depending on the market and their announcements. Wish I knew the geologist! Or, better still, perhaps we should go and camp at the site and see how it progresses first hand? Kwa Zulu Natal is a nice place.
I think EXT is gonna release results pretty soon... theyve been drilling for a while already...
AEX is good... made me a lot of money.... but i dont think we will news for a while from them, they havent even started drilling yet...
But the potential here is enormous; wat a shame about the management team though
AEX is good... made me a lot of money.... but i dont think we will news for a while from them, they havent even started drilling yet...
But the potential here is enormous; wat a shame about the management team though
Sean K
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snopig, the drill rig was supposed to arrive on site last week. They then need to unwrap it and have a few beers to celebrate. Then, hopefully, they've got some people to operate it!
So, drilling this week or the next.
Expect an announcement to say that they have actually turned the machine on, and it works, by the end of the month.
Price back down below .04c. How cheap is that for the POTENTIAL!
Enough ramping....
So, drilling this week or the next.
Expect an announcement to say that they have actually turned the machine on, and it works, by the end of the month.
Price back down below .04c. How cheap is that for the POTENTIAL!
Enough ramping....
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That's still too expensive.kennas said:
I'm still looking at nearer to 3 cents.
The charts tell me a dip to 3 cents means it will bounce, and I am reasonably sure of a very strong bounce.
A bid at 2.8cents would be a bargain.
But then I am not always lucky at the bazaar!
From last qtr activities report..
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During the quarter the company completed a capital raising through the placement of 69,113,654 ordinary fully paid shares (together with 69,113,654 free attaching options exercisable at 5 cents on or before 30 June 2008) at an issue price of 2.2 cents per share, thereby raising $1,520,500.
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Fully paid ordinary shares with 5c options was issued at 2.2c...
4c sounds too expensive.
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During the quarter the company completed a capital raising through the placement of 69,113,654 ordinary fully paid shares (together with 69,113,654 free attaching options exercisable at 5 cents on or before 30 June 2008) at an issue price of 2.2 cents per share, thereby raising $1,520,500.
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Fully paid ordinary shares with 5c options was issued at 2.2c...
4c sounds too expensive.
kariba said:
yes most impressive. One native and two utes. Looks like these guys means business. lol
http://www.acclaimexploration.com.au/images/gallery/site_images/driller_two.jpg
Sean K
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They're fairly new utes but...
I like that they can't spell uranium in the title caption.
'Gold and Unranium Mining'
Go Acclaim!
I like that they can't spell uranium in the title caption.
'Gold and Unranium Mining'
Go Acclaim!
Sean K
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Drilling!....seems they are going to announce every move atm.
Lets see what the sp does once the announcement can be read...
Lets see what the sp does once the announcement can be read...
Sean K
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I'm not sure if it would value add to AEX. They have a history of cocking things up. We'd probably see The Three Stoogers running around slapping each other on the face...Or Benny Hill running around in fast motion.
