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AEX - Acclaim Exploration

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crackaton said:
That's right. And now is the time to get into some aussie U stocks. I've been looking at AAR anyone know of some other good ones?
Click to expand...

why ia AAR any good?

thx

MS
 
DD update out but pretty lame.

The site is being prepared for the drill rig and a bulldozer has arrived. Whoopee!

Encouragingly though, support from the local tribe seems assured.

The site will be ready in 7-10 days for the drill rig when more info will be provided.

Should start to get interesting from here.
 
So do you think that news of the drilling actually beginning for real in a week or two will boost the SP a little?

Also, how certain are they of the amount/quality of the deposits before drilling? I presume that they know for sure that something is there but just not how much and how good it is...is this correct?
 
LPA
They drill because they do not know.
You are right; if they knew, they would not need to drill and could save time and money!
They do know there have been previously identified gold/uranium results, and these are tabled at the AEX website.
We need the results to have an "upside surprise" and then the share price is on a rocket.
 

The current resource they have is "inferred" ie. the weakest, very low probability that the figure is accurate, could be (much) more, could be (much) less

They need to do more drilling to move it into the "indicated" categories, the next step up
 
nizar said:
The current resource they have is "inferred" ie. the weakest, very low probability that the figure is accurate, could be (much) more, could be (much) less

They need to do more drilling to move it into the "indicated" categories, the next step up
Click to expand...
nizar
I do hope they move it to "measured" - to be sure, to be sure!
 
There has been plenty of support for the stock at around .05c. Seems people are holding on just to see what happens with DD.

Still, it's .05c! No one can be that confident that it's a winner. The company has disappointed many over the past few years. Surely selling LH to PDN was a slight error!

Even if the resource becomes 'measured' there's a long way to go before anything is dug out of the ground.

I am taking a punt on this one and will buy into any more dips below .05c. The potential return will be well worth it.
 
I sold down to a core holding of 1 million Kennas.

Drilling may start in 3 days, big deal.

It won't start for much lonher IMO as they never stated it would start only they have a camp set up.

Never undestimate delays and how costly they are to a stock, the results as per EXT's time frame for assays are 3 months. A loooooooong time to trade this and make money with ease.

I will be buying this back at 4.1 and 3.7 in 4 weeks time once the 2nd wave on the overall market happens again.

Good luck.
 
Kennas the announcement of drilling does nothing for stocks in the short term. If you believe it does, please provide an example. What prospective holders want are assay results and a timeframe for them to be provided to the market. In the meantime, a few are trading percentages.
 
Pure speculation is a good example at the moment and that should support the share price IMO.
 
jemma said:
I will be buying this back at 4.1 and 3.7 in 4 weeks time once the 2nd wave on the overall market happens again.
Click to expand...
My plan is waiting out the 4 weeks first and seeing what they might report by way of progess.
I get a bounce of 3.6cents, so if we are near there at end June, I might just buy more too.
I see AEX as a risky play for the speculators right now as downside risk short term might outweigh upside.
 
I would have thought that with the drilling results coming out in the next 1.5 months that that would be enough to keep the price high and go higher?

Why do you think there is a downside Rederob?
 
The short term chart doesn't actually look very good at all. Most commodities have recovered slightly (inc species) but AEX has slid to .05c and held there. Needs to get back to .055c.

Agree to some degree on the influence of 'big news' about the commencement of a drilling program, but I do remember recently that the presence of a certain Chinese leader prompted U3O8 explorers to rocket 20% and more, even if they didn't have a resource! There are probably other examples but I have drunk too much wine to be bothered looking tonight. Will try and find something for you tomorrow Jemma.
 
Why is it that AEX has an inferred resource of 11 000 tonnes of uranium and its sp is around 0.045?? other companies for example EXT have no inferred resource yet the SP is at 0.10 and also their number of shares on issue is almost twice that of AEX.

Also AEX has a larger inferred resource than many companies who are purely uranium exp and have found nothing.

Is this because market has overlooked AEX or are they waiting for inferred resource to be moves up to indicated???

IMO as soon as this move takes place the SP should head north immediately because:

1 - they have found a identified uranium resource and are currently drilling to move it to a indicated resource status

2 - they have new mgt which have credible mining background

3 - they have around 550 million shares on issue which is less then other uranium companies with much smaller resources or none at all whose share price is much higher

4 - they are mining in a uranium friendly country, ie aust still has 3 mine policy issue going on
 
Good points cathers. Or Cath. There are several reason why others are rated higher. AEX's past results, past management failures, numerous reincarnations, no major backers, etc have all played a role.

IMO they are likely to have some type of resource proven at DD, it's just a matter of size. Imagine if it was larger than the current inferred resource!

If it comes in close to the initial exploration results it's the next PDN. Should be another statement coming out this week about progress at the site.
 

Management is the key reason why the share price is not higher and is wat is stopping some investors from putting their money in AEX

Its a pity that it took ages for them to reveal their new U director, and when they announced it, we were going through a correction
 
Nizar,

You are 100% correct here, I wouldn't touch this company until it has proven itself first, the management are as dodgy as they come.

Prove yourself first, buyer beware.

Compare AEX with DYL and EXT management experience and there is no comparison.

By the way Kennas, you will be waiting 6 months from initial drill to assay, just look at EXT for proof. Also they have no even secured a rig yet and may not drill for another month, by which time the price will be sub 4 cents.

Only good for a trade with money you are happy to lose.
 
Jemma, I think they said in their last statement that they'd found a rig laying about somewhere and that it was being delivered sometime this week.

Now waiting for the news which will be announced imminently. Might give the sp a little perk, pending general market excitability.

My average cost for these is .039c so I'm excitied about the possibilities, prepared for the pain, and hope management have been back at school recently to learn about digging stuff out of the ground.
 
OK so its mgt thats affecting the sp. with new mgt under the helm would good results from here on in help, i mean if new mgt can actually prove themselves would this give the SP a boost??

for example CTO have obviously had monumental mgt issues during the past few years, ie sitting on 10 mill ounce goldmine and have not begun mining for at least three years. however now they have got act together sp took off from around 20c to peak around 50c.
 
Did a bit of research on new director Trevor Gillard at AEX

in addition to the previous ann can add that:

Over 25 years experience in the mining and financial services industries in South Africa covering exploration, mine geology, investment analysis and project management.

Trevor worked as a geologist for six years in coal exploration with Anglo American and 3 years in gold mining at Vaal Reefs and Blyvooruitzicht - deep level operations in South Africa.

He began a career in financial services as a mining analyst with Standard Merchant Bank and Liberty Asset Management before moving into stock broking with Fleming Martin. The latter involved analysis of companies operating in west, east and central Africa.

Since 1998, Trevor has worked in New Mining Business with JCI and as a consultant involving gold, base metal and diamond projects in South Africa, Mozambique, Peru, Romania and Kazakhstan.

Employed by AIM resources in recent years as senior mgt, as well as working with Snowden as a consultant, Snowden mining consultant company have high profile list of customers including bhp, rio, zinifex, newcrest mining.

In summary Trevor has extensive experience with South African mining ventures and hopefully has the goods to turn AEX reputation around, and produce some good results. Any comments??
 
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