ACB-A-Cap resources U308

[JBmurc]

A-Cap Resources Limited (ACB) is an exploration and mining company with focus on exploring its uranium prospects in Northern Botswana.

Marketcap-60mill

-126mill shares outstanding

-Top20-40%

-BFS underway

-15+mil cash in the bank

-resources 98mlbs U308 100ppm cutoff (-Current resource drilling covers less than 20% of
radiation anomaly total 200mlbs+ est.)



-est. cost to extract $33lb

latest news-
-A-CAP TO TACKLE METALLURGY OF PRIMARY ORE
UPDATE
 A-Cap working with Lycopodium and a team of sub consultants has recently commenced a Bankable Feasibility Study (“BFS”) on the secondary and oxide portions of the Letlhakane
Uranium Project.
 The Global Inferred Resource at the Letlhakane Uranium Project contains 98Mlbs of U3O8
at a 100ppm cut off.
 Approximately 60% of the Inferred Resource is classified as “Primary Ore” which, based on limited previous work, has metallurgical recoveries of up to 50%.
 A-Cap has requested Lycopodium to conduct a study into the metallurgy and possible
treatment options for the Primary Ore.
 The objective is to ascertain if the 60Mlbs of U3O8 in the primary ore can be economically recovered.

Primary Resource
The Global Inferred Resource at the Letlhakane Uranium Project is 280Mt @ 158 ppm for 98Mlbs
of U3O8, however approximately 60% of this massive resource lies beneath the zone of surficial
oxidation. This ore is termed the “Primary Ore” and, based on limited preliminary testwork
previously conducted in 2007 and 2008, appears to have low recovery in metallurgical bottle roll testwork.
Over the past six months several experienced metallurgists have visited the Letlhakane Uranium Project and examined the Primary Ore in drill core offering opinions on possible leaching methods.
At the same time considerable mineralogical work has been carried out by Dr Rob Bowell of SRK at the University of Cardiff Mineralogy Laboratory. Ongoing exploration has revealed that there are higher-grade zones within the Primary Ore that may be amenable to selective mining.
The combination of the above factors has given the Board of A-Cap the confidence to renew testwork on the primary ore with a view to completing a full range of variability testwork to establish the best way to unlock the value in this 60Mlb resource.

[shasta]

A-Cap Resources Limited (ACB) is an exploration and mining company with focus on exploring its uranium prospects in Northern Botswana.

Marketcap-60mill

-126mill shares outstanding

-Top20-40%

-BFS underway

-15+mil cash in the bank

-resources 98mlbs U308 100ppm cutoff (-Current resource drilling covers less than 20% of
radiation anomaly total 200mlbs+ est.)



-est. cost to extract $33lb

latest news-
-A-CAP TO TACKLE METALLURGY OF PRIMARY ORE
UPDATE
 A-Cap working with Lycopodium and a team of sub consultants has recently commenced a Bankable Feasibility Study (“BFS”) on the secondary and oxide portions of the Letlhakane
Uranium Project.
 The Global Inferred Resource at the Letlhakane Uranium Project contains 98Mlbs of U3O8
at a 100ppm cut off.
 Approximately 60% of the Inferred Resource is classified as “Primary Ore” which, based on limited previous work, has metallurgical recoveries of up to 50%.
 A-Cap has requested Lycopodium to conduct a study into the metallurgy and possible
treatment options for the Primary Ore.
 The objective is to ascertain if the 60Mlbs of U3O8 in the primary ore can be economically recovered.

Primary Resource
The Global Inferred Resource at the Letlhakane Uranium Project is 280Mt @ 158 ppm for 98Mlbs
of U3O8, however approximately 60% of this massive resource lies beneath the zone of surficial
oxidation. This ore is termed the “Primary Ore” and, based on limited preliminary testwork
previously conducted in 2007 and 2008, appears to have low recovery in metallurgical bottle roll testwork.
Over the past six months several experienced metallurgists have visited the Letlhakane Uranium Project and examined the Primary Ore in drill core offering opinions on possible leaching methods.
At the same time considerable mineralogical work has been carried out by Dr Rob Bowell of SRK at the University of Cardiff Mineralogy Laboratory. Ongoing exploration has revealed that there are higher-grade zones within the Primary Ore that may be amenable to selective mining.
The combination of the above factors has given the Board of A-Cap the confidence to renew testwork on the primary ore with a view to completing a full range of variability testwork to establish the best way to unlock the value in this 60Mlb resource.

JBMurc

How deep is the Uranium?

Are the grades good & consistent?

That extraction cost @ $33/lb seems high when the U308 spot rate is currently $48/lb, how are they going to mine it?

Sounds good to me, but there's a few "buts"

[JBmurc]

I'm guessing the reason their current projected costs are $33 is because of the lower grade thing is it's one large resource which grades can be increased as they've got so much more to explorer

As I've only started to look into ACB still have penalty to study.

got off HC-from a good poster Tibbs-
The current mining feasibility studies have ALWAYS been based on mining the surface, secondary uranium in the calcrete, & Karoo mudstone. This was based on the JORC of 2008, and the scoping study models have been given the go ahead as feasible. Since then we have had another 12 months of drilling at Mokobaesi, Kraken, and Gorgon. Also they have since discovered and drilled a NEW deposit at Serule, and now another has been hit at Serule West. They still have only touched the surface of the region, with another 80% of Letlhekane yet to be drilled .... they will be drilling here for the next 4 years plus!

Also a comment that the primary ore is too "deep" ... what a load of absolute garbage! ACB's deepest ore is around 60m, with most of the "deeper" ore around 40m ... at Gorgon drilling has regularly intercepted up to FIVE mineralised zones in each drill hole, with mineralisation starting at around 15m. At Mokobaesi, the calcrete ore is at surface, the karoo sediments inder that, and the primary ore under that again .... deep? Rubbish! They will be mining the shallower secondary ores first anyway! The key is the stripping ratio ... which is fine.

[shasta]

I'm guessing the reason their current projected costs are $33 is because of the lower grade thing is it's one large resource which grades can be increased as they've got so much more to explorer

As I've only started to look into ACB still have penalty to study.

got off HC-from a good poster Tibbs-
The current mining feasibility studies have ALWAYS been based on mining the surface, secondary uranium in the calcrete, & Karoo mudstone. This was based on the JORC of 2008, and the scoping study models have been given the go ahead as feasible. Since then we have had another 12 months of drilling at Mokobaesi, Kraken, and Gorgon. Also they have since discovered and drilled a NEW deposit at Serule, and now another has been hit at Serule West. They still have only touched the surface of the region, with another 80% of Letlhekane yet to be drilled .... they will be drilling here for the next 4 years plus!

Also a comment that the primary ore is too "deep" ... what a load of absolute garbage! ACB's deepest ore is around 60m, with most of the "deeper" ore around 40m ... at Gorgon drilling has regularly intercepted up to FIVE mineralised zones in each drill hole, with mineralisation starting at around 15m. At Mokobaesi, the calcrete ore is at surface, the karoo sediments inder that, and the primary ore under that again .... deep? Rubbish! They will be mining the shallower secondary ores first anyway! The key is the stripping ratio ... which is fine.

Tibbs would be on the ball, depth seems fine (> 100m & it gets expensive)

With the low(ish) grades, it means more through put to crush & separate which ultimately adds to the extraction costs...

I'll keep digging on this one ;)

[JBmurc]

ACB's resource has been ranked in the world’s top 20 undeveloped uranium deposited by the Bank of Montreal (Source BMO Capital Markets, Company Research, IAEA)


Major buyer of late- 23/09/2009 China Growth Minerals Limited 26,000,000 16.22%


BRIAN BENZA
Staff Writer

BSE-listed A-Cap Resources says the company will require a maximum of P1.6 billion to advance from exploration to mining at its Letlhakane and Serule uranium resources in the Central District.

In the company's annual report for the period ended June 30 2009, Chairman Pat Volpe says the company, which is also listed on the Australian Stock Exchange, will require US$179 million(+/-30percent) to advance to mining.

This translates to between P875 million to P1.625 billion. The project is currently at a Bankable Feasibility Study (BFS) phase.

In the report, A-Cap says its ambitions to become Botswana's first uranium miner are being spurred on by anticipated high nuclear energy demand from China and India in the coming years.

With world net electricity consumption expected to nearly double over the next two decades, some 30 new nuclear reactors are being built, the fastest expansion being in Asia, especially China and India.Volpe says they expect the number of nuclear reactors under construction to increase significantly in the next three to five years as more economies shift to nuclear energy.

"Whilst uranium spot prices remained in a trading range of $42/lb to $53/lb for most of 2009, China and India confirmed their intentions to actively increase the percentage of power to be generated by nuclear (clean fuel), leading to more reactors over the next decade and beyond," he says.

A-Cap will be well placed to contribute to the anticipated increased demand for uranium in the near future. It is expected that the demand should increase over the next three to five years as the number of reactors currently in construction would be complete.

As A-Cap advances another step closer to its objective of becoming Botswana's first uranium miner, this should add to the value of our company, hence to shareholders' wealth.

Volpe adds that despite what is arguably the worst global financial crisis since the 1930's, A-Cap continued to achieve and meet all of its objectives in its ambitions to become the first uranium miner in Botswana. "Our resource has been ranked in the world's top 20 underdeveloped uranium deposits by the Bank of Montreal," he says.

During the year, SRK Consultants released their scoping study report on the company's Inferred Resource in Letlhakane in which they estimate "cash" operating costs of $33 per lb of uranium.

The report also shows uranium recovering from 78 percent up to 90 percent in the calcrete and secondary ore resources. "These positive results allowed A-Cap to successfully raise $10 million during the year," says Volpe. "Along with the existing $10 million funds on hand, be applied to advancing the project to a Bankable Feasibility Study, including an Environmental Impact Assessment.

"These studies are estimated to be completed by late 2010, and the company has appointed Lycopodium to manage and prepare the BFS." he adds.

During the year, A-Cap enjoyed further exploration success at its Serule prospect. With further exploration planned for Serule again and for Gorgan South in 2009-2010, this should boost the company's global uranium inventory.

So far, the Letlhakane area is estimated to hold at least 30 million lb of uranium.Targets to be tested during the upcoming exploration include Gorgon South, Gorgon West, Serule North Extension, Serule West Extension and Bolau.

A-Cap holds six prospecting licences covering a total area of 4,400km2 and three licences under application covering a further 3,000km2. All ground held by A-Cap was previously explored by major companies, among them Falconbridge, BCL, Urangesellchaft and Union.

[drillfix]

Hi JB,

Yup, seems there are a couple signals there.

MACD looks to be in the right place but would like to see the stochastics moving up to cross the lower 20 line, along with a crossing of the EMA lines, and throw some volume on the top, to be sure to be sure said the Irish guy.

Chart etc:

http://i35.tinypic.com/5ey6pg.gif

[JBmurc]

Breakout ACB finally on it's way the next JORC could well be the catayst for a massive re-rating

JBMurc-holding a few

[drillfix]

Breakout ACB finally on it's way the next JORC could well be the catayst for a massive re-rating

JBMurc-holding a few


JB, how many is a few in your terms? Half million or something...lol :p

[JBmurc]

JB, how many is a few in your terms? Half million or something...lol :p

na only 42,000 direct another 100,000 indirect but depending on how IRN or other holdings go I would mind picking up another 20-30k

[JBmurc]

mmm wish I brought some more before this -Trading halt- the new JORC likely to be announced should spark some market interest

[shasta]

mmm wish I brought some more before this -Trading halt- the new JORC likely to be announced should spark some market interest

Got an email re ACB, that was interesting.

I'm going to look a little closer at this now ;)

TONIGHT'S EMAIL IS SPONSORED BY A-CAP RESOURCES LIMITED, a Uranium explorer who is responsible for discovering Botswana's first and to date only uranium resource.

The company was listed onto the ASX in 2006 and is primarily focused
on its uranium exploration projects in Botswana, which is estimated to contain a significant resource exceeding 150 million pounds of U3O8.

A-Cap Resources has spent approximately $20 million so far on its exploration program and in so doing has discovered in excess of 150Mlbs of U3O8 this equates to a discover cost of less than 15 cents per pound of uranium oxide.

The Company announced last week the release of a Resource Update for its Letlhakane and Serule uranium prospects located in North East Botswana.

This update confirmed the global resource is presently 463 million tonnes at 154ppm for 157.8 million pounds of U3O8, representing an increase of 59% from the June 2008 Inferred Resource of 98 million pounds of U3O8.

The Resource Update confirmed positive estimations from A-Cap's leading prospects, incl ding a total resource at Letlhakane equaling 344 million tonnes at 160ppm for 116 million pounds of U3O8.

Significant portions of the Resource have shifted from the Inferred Resource category to the Indicated Resource category, taking it one step closer to becoming Botswana's first uranium
mine.

Accompanying this significant news is the identification of a new Resource
called the Serule Uranium Project, located six kilometres to the south of
Letlhakane.

The Company announced this resource contains 42 million pounds of U3O8, all of which is currently classified as an Inferred Resource.

Dr. Andrew Tunks, Managing Director of A-Cap Resources Limited, said these results were highly significant as they reaffirm geological confidence in the prospects.

We already knew we had a substantial uranium resource.

The Resource Update is one step on the way in taking the Letlhakane project from resource to reserve as part of our ongoing Bankable Feasibility Study (BFS).

The BFS commenced in mid 2009 and is expected to conclude in 2010. The Resource Update is the first major report released from the Bankable Feasibility Study.

For more information on A-CAP Resources Limited and this new development CLICK

HERE: http://www.australianinvestor.com.au/magazine.aspx?id=3173 (http://www.australianinvestor.com.au/magazine.aspx?id=3173)

Or visit: http://www.a-cap.com.au/ (http://www.a-cap.com.au/)

[drillfix]

Hey Shasta,

He is another link for ya buddy from Canary

http://www.canaryevents.com.au/uranium2009/4.html

[JBmurc]

yeah good to see some others seeing the value here planning on increasing my holding this week so cheap atm 150mill lbs+ this should well grow the grades might not be the best but they have so much more ore untested I wouldn't be surprised to see ACB command a 300mill lbs JORC resources (only 20% of ACB high radioacitive area has been even looked at) -

-open cut mine large scale-heap leach- need water if they find a good bore a major plus
-forward production costs $33 U308 prices will have to go up with demand 2012 set to blow out forward production

[shasta]

Hey Shasta,

He is another link for ya buddy from Canary

http://www.canaryevents.com.au/uranium2009/4.html

Cheers for that Drilly ;)

Uranium's day in the sun will be 2011 - 2012 IMO. :rolleyes:

I also like FTE (advanced), & WWI at the spec end of the Uranium players.

[JBmurc]

CNNC International Ltd, the listed unit of China's largest nuclear power plants operator China National Nuclear Corp (CNNC), said yesterday it would buy a stake in a uranium mine in Niger from its parent for HK$414 million ($53.3 million), and fund the deal by issuing convertible notes.

　　The company will acquire Ideal Mining Ltd from its parent CNNC. Ideal Mining holds a 37.2 percent stake in the Azelik uranium mine in Niger, it said in a statement to the Hong Kong bourse yesterday.

　　The Azelik mine comprises three uranium deposits and has an estimated mine life of 17 years. It is estimated that the mine contains resources of around 11,227 tons of uranium, said the statement

---------------8th feb
Discovery of New Zone of
Secondary Uranium Mineralisation
Ongoing exploration at the Letlhakane Uranium project has discovered a new
zone of near surface secondary uranium mineralisation to the west of the
Gorgon Prospect. The new zone has now been defined in a 150m wide by
500m long northwest trending corridor which remains open to the east and the
west. Uranium mineralisation starts within 1 metre of the surface and down to a
depth of 8 metres (Figure 1).
Although no assay results are yet available trenching and visual inspection of
hollow auger core has confirmed the presence of carnotite (uranium vanadate
mineral) in calcretes and fine-grained, strongly weathered sedimentary rock of
the Karoo Supergroup.
This discovery is potentially important as the 2008 SRK Scoping Study on the
Letlhakane Uranium Project showed that this style of mineralisation has the
highest grades, the best metallurgical recoveries and is close to surface making
it the project’s most attractive oretype.
A Hollow Auger drill program is underway to define the extent of the new zone
and to provide material for assay so the grades can be quantified. These holes
are not probed with the downhole radiometric logger as disequilibrium issues
preclude accurate estimate of the grade by this method in the near surface
environment.
A-Cap used the hollow auger drilling technique to estimate the grade of the
Mokobaesi secondary resource which currently stands at 11.3Mt @ 199ppm for
4.9Mlbs of U3O8. The Mokobaesi Resource is part of the Global Mineral
Resource of 463Mt @ 154ppm for 157Mlbs U3O8 as announced in the
December 2009 Resource upgrade.
Highlights
 A new zone of secondary mineralisation has been discovered at
the Letlhakane uranium project, to the west of the Gorgan
Prospect
 It has been defined in a 150m wide by 500m long corridor,
which is open along strike on both ends
 Mineralisation commences within 1m of the surface, to a depth
of 8m

[JBmurc]

From ACB latest presentation-http://hotcopper.com.au/announcementFiles/2010/ACB/09485988-c7ee-48ed-813f-c634ae21df60-ACB333139.pdf


1. ACAP remains fully focused on its Botswana Uranium Assets
2. Globally significant resource of 158Mlbs with potential to double
3. Project has best address in Africa with low political risk and excellent
infrastructure already in place
4. Staged project development planned initial production from high-value,
near-surface ore contributes to low CAPEX and OPEX
5. Potential for beneficiation of ore to offset relatively low grades
6. Metallurgical testing underway to optimise process routes
7. Strong Exploration Potential
8. Major drilling program currently underway
9. Drilling and feasibility studies to continue through 2010 followed by development decision

At a 100ppm U3O8 cut off the Global Resource has
increased by 59%
The Indicated and Inferred Resource is
463Mt@ 154ppm -158Mlbs U3O8
Current contained pounds makes this the 12th
biggest undeveloped uranium deposit in the
world!!!!!!!

IMHO it will be in the top 10 with the new discovery yet to be defined

[JBmurc]

been very quite volume wise for ACB since late Jan10 till yesterday an today some 2m+ shares have traded pushing the SP from 36.5c tuesday 43c currently today
good news coming i reakon

-A new twist to the uranium story makes it even more compelling than before, in Rick's view. "In the past, the development of a uranium mine was really the sole province of a major or a super-major," he observes, "but increasinglydue to the strategic nature of uranium depositsjuniors that discover major uranium deposits will have financing options open to them that were not open in the past." He explains that lenders increasingly are requiring plant operators to lock in supplies of uranium over the entire amortization period of the loan. For example, if an operator were to build a new reactor in for $6 billion and borrowed $4 billion over 30 years to finance it, the bank would require them to lock in a million pounds of uranium a year for 30 years. Given that there are well over 100 reactors planned for the next 10 years, probably 50 of which will be built, I believe there will be incredible demand to lock in supplies. Those off-take agreements can be used by fairly small companies to finance the construction of uranium mines."

[JBmurc]

China Growth Minerals Increases Shareholding
to 16.07%
A-Cap Resources Limited (‘A-Cap’), is pleased to announce
that China Growth Minerals Limited (‘CGM’) has acquired a
further 13,000,000 shares of A-Cap from Polo Resources plc
pursuant to the Share Sale Agreement (refer announcement
dated 25 September 2009), bringing their total shareholding
to 26,000,000 shares, or 16.07% of the issued share capital.
A-Cap Managing Director Andrew Tunks said, “We welcome
CGM’s latest investment in A-Cap, which now increases their
shareholding to 16.07%, making CGM our largest
shareholder on the register. Their increase in shareholding
in A-Cap is further evidence of their ongoing support of our
assets in Botswana, particularly the Letlhakane Uranium
Project, which we believe is one of the largest uranium
discoveries in the world. With the global demand for nuclear
energy increasing, particularly in China, we are delighted to
have such a prominent Hong-Kong based investment firm on
board.”
For Further information contact
A-Cap Resources + 613 9813 5888
Victoria Thomas, Six Degrees Media + 613 9674 0347

[shasta]

China Growth Minerals Increases Shareholding
to 16.07%
A-Cap Resources Limited (‘A-Cap’), is pleased to announce
that China Growth Minerals Limited (‘CGM’) has acquired a
further 13,000,000 shares of A-Cap from Polo Resources plc
pursuant to the Share Sale Agreement (refer announcement
dated 25 September 2009), bringing their total shareholding
to 26,000,000 shares, or 16.07% of the issued share capital.
A-Cap Managing Director Andrew Tunks said, “We welcome
CGM’s latest investment in A-Cap, which now increases their
shareholding to 16.07%, making CGM our largest
shareholder on the register. Their increase in shareholding
in A-Cap is further evidence of their ongoing support of our
assets in Botswana, particularly the Letlhakane Uranium
Project, which we believe is one of the largest uranium
discoveries in the world. With the global demand for nuclear
energy increasing, particularly in China, we are delighted to
have such a prominent Hong-Kong based investment firm on
board.”
For Further information contact
A-Cap Resources + 613 9813 5888
Victoria Thomas, Six Degrees Media + 613 9674 0347

ACB looking good & i see the U308 price has increased slightly over the last few weeks +0.50 to $US41.25/lb

[JBmurc]

ACB looking good & i see the U308 price has increased slightly over the last few weeks +0.50 to $US41.25/lb

yeah you should have been loading up back in the low 30's shasta
sadly I had to sell my ACB an some PEN ,ROC holdings need to come up with 75k deposit to start the building of are house here even though I really could see ACB going alot higher

[shasta]

yeah you should have been loading up back in the low 30's shasta
sadly I had to sell my ACB an some PEN ,ROC holdings need to come up with 75k deposit to start the building of are house here even though I really could see ACB going alot higher

ACB - Letlhakane Metallurgical Testwork Update

http://www.stocknessmonster.com/news-item?S=ACB&E=ASX&N=336142

My top U308 play with a JORC resource of 158m/lbs

Uranium is the one metal/mineral/resource to lag of late, & it's only a matter of time before the spot price starts ascending once again.

Seems to have well & truly discounted from oil, after following it up to ~$US140lb/bbl, it followed oil back to $US40lb/bbl, except oil went up & Uranium hasn't, i thought the problems at Cigar Lake would have prompted a recovery in the U308 spot price...

Could be a good time to start buying back into Uranium stocks

[shasta]

ACB - Letlhakane Metallurgical Testwork Update

http://www.stocknessmonster.com/news-item?S=ACB&E=ASX&N=336142

My top U308 play with a JORC resource of 158m/lbs

Uranium is the one metal/mineral/resource to lag of late, & it's only a matter of time before the spot price starts ascending once again.

Seems to have well & truly discounted from oil, after following it up to ~$US140lb/bbl, it followed oil back to $US40lb/bbl, except oil went up & Uranium hasn't, i thought the problems at Cigar Lake would have prompted a recovery in the U308 spot price...

Could be a good time to start buying back into Uranium stocks

ACB - Signs MoU with Korea Resources Company

http://www.stocknessmonster.com/news-item?S=ACB&E=ASX&N=338013

Positive progress here, especially the mention of other Korean companies potentially being involved

U308 spot price is still $US40.75/lb - I'm predicting 2011 - 2012 to be Uraniums time to shine

I prefer ACB & PEN in the Uranium sector, both main projects are oversea's (Botswana & USA respectively)

[JBmurc]

ACB - Signs MoU with Korea Resources Company

http://www.stocknessmonster.com/news-item?S=ACB&E=ASX&N=338013

Positive progress here, especially the mention of other Korean companies potentially being involved

U308 spot price is still $US40.75/lb - I'm predicting 2011 - 2012 to be Uraniums time to shine

I prefer ACB & PEN in the Uranium sector, both main projects are oversea's (Botswana & USA respectively)

I agree 100% was very close to buying more ACB high 20's so cheap

[JBmurc]

I really like the look of ACB I do plan to build up a good size stake before the years out was holding PEN till today which if you go on HC forums your see the mad hype of how PEN will fly 20 fold etc because they have 25Mlbs of resource an a very hopeful 200Mlbs by 2015 don't get me wrong PEN will do well like many U308 during 2012-13-14 boom times- IMHO I believe ACB will return SH a better % return by 2012 PEN will not be far behind -longer term it could go ethierway (not including opts)

Thing is ACB have no hype very little market attention an very similar Market cap PEN's being 10 or so mill larger esp if you add in the 625mill opts to soon have maybe closer to 20mill more love from the market..both are looking to start production round the same time
ACB-heap leeching-old tech PEN- ISR-new tech
ACB-top Africana address Botswana PEN in the good old USA an S.Af -W.A--(USA will need to raise taxes to paydown mass debt)

ACB unlike PEN has a very tight register only 153mill shares with a tiny 9m unlisted opts
PEN has a loose register-which the management state they wouldn't likely tighten -1.64bill shares an soon 625mill opts an max dilution low cash raising of only 3c to the heads current SP- 3.7c
ACB has 5mill cash PEN soon 9mill

ACB has the top 20 holding 46% of shares PEN 21%
ACB-has key interests & S/holders like the - China Growth Minerals fund-plus a ‘MOU’ with Korea Resources Corporation
PEN-nothing major yet

ACB has a JORC of 157Mlbs at 154ppm-- PEN 25Mlbs 400-500ppm(One thing PEN holders will scream is how terrible ACB ppm is low grade rubbish etc)when you look at the worlds top 20 discovered undeveloped U308 deposits which ACB is one many of the deposit are of lower grades -Olympic Dam BHP world's largest is only .01% better grade that ACB's letlhakane discovery
-ACB is very positive this deposit will at least double in size going from the Geological evidence 300Mlbs+ in one small area

Exploration both have large upsides

[JBmurc]

Not long IMHO 2011 will be the start of a real re-rating of this overlooked U308 giant jnr


--from ann report--
Uranium Mineralisation
The geology of the Letlhakane Uranium Project is relatively simple.
Uranium mineralisation occurs within the flat-lying sedimentary
rocks of the Karroo Supergroup and the entire resource is within
70m of the surface. Importantly some of the highest-grade
mineralisation occurs in the secondry zone close to surface
ensuring early access to high grades and low cost mining from
the commencement of production.

Now this is 158mt of U308 drilling underway to increase this to 300mt+ taking ACB from the top 20 U308 discoveries to being in the TOP 10

“ Over the last year, the Company
has poured a vast amount of
its energy into the Letlhakane
Uranium Project and in 2011we
believe our efforts will be
rewarded with the completion
of a Bankable Feasibility Study,
culminating in Botswana’s first
uranium mine in 2012

[JBmurc]

Looks like ACB getting some decent attention on the back of the higher U308 prices up 43% in the last couple weeks

[shasta]

Looks like ACB getting some decent attention on the back of the higher U308 prices up 43% in the last couple weeks

ACB - Exploration success points to potential for further discoveries

http://stocknessmonster.com/news-item?S=ACB&E=ASX&N=347063

Resource update due early 2011, should help kick ACB off in the ASX comp

[shasta]

ACB - Exploration success points to potential for further discoveries

http://stocknessmonster.com/news-item?S=ACB&E=ASX&N=347063

Resource update due early 2011, should help kick ACB off in the ASX comp

ACB started 2011 approx 50c, & closed today @ 72c. Chart looking very good & the whole uranium sector has crept up a little earlier than i would have thought.


ACB is still my preferred U308 play, which is why i also picked it in the ASX comp, should be north of $1 before 2012

[shasta]

The Uranium sector took a pummeling today, massive over reaction to the Japan situation

ACB was down 15c or ~24% to 47c, & seem to have been punished harder than most

Fundamentally the U308 spot price has only dropped $3.25 this week, down to $US66.50/lb

Some bargins in the sector after today, ACB, PEN, BMN, BLR, DYL, TOE, MEY among the most battered

[JBmurc]

The Uranium sector took a pummeling today, massive over reaction to the Japan situation

ACB was down 15c or ~24% to 47c, & seem to have been punished harder than most

Fundamentally the U308 spot price has only dropped $3.25 this week, down to $US66.50/lb

Some bargins in the sector after today, ACB, PEN, BMN, BLR, DYL, TOE, MEY among the most battered

Yeah brought some PENOC tring to get on board PEN,ACB great long term holds if you can handle some volatile moves in the mean time

[shasta]

Yeah brought some PENOC tring to get on board PEN,ACB great long term holds if you can handle some volatile moves in the mean time

You might be interested to have a look at RSL, a Uranium & REE micro cap, with a JORC resource ;)

[shasta]

You might be interested to have a look at RSL, a Uranium & REE micro cap, with a JORC resource ;)

ACB down another 20% (-9.5c) to 37.5c, Market Cap now $75m~

ACB has certainly had a majo haircut the last 2 days!

[asc4]

This puts industry back 10years. Gutted.

[drillfix]

This puts industry back 10years. Gutted.

ASC4, its quite sad really mate, I hope your exposure to U stocks was balanced.

Agree with the setback, but I dont know if it will be 10 years so to speak, maybe 5 years, but alot of talk about new ways, controls, and safeguards as the actual U as an energy is still an option for some of the masses, or will have to be to some extent, imo.

[asc4]

Hey Drill, No not very big at all, but it is frustrating watching the industry starting to get on its feet and show promise, then see it all wiped in 3 days...absolutely amazed by it to be honest.

I have no doubt that Nuclear will have a future, if people want to have a sustainable future.

[asc4]

Oh and I should add that my small loss is nothing compared to those in Japan. My thoughts are with them and their families in this trying time.

[drillfix]

Oh and I should add that my small loss is nothing compared to those in Japan. My thoughts are with them and their families in this trying time.

Well said asc4~!

This is a moment in time not only in the stock market and affected sectors but Japanese History since WWII.

[shasta]

ACB - Resource upgrade from 158m lbs to 261m lbs!

http://stocknessmonster.com/news-item?S=ACB&E=ASX&N=354264

Presentation:

http://stocknessmonster.com/news-item?S=ACB&E=ASX&N=354265

Cash = ~$15m (EV $53m)

Excellent infrastructure nearby, shallow & easy to mine resource, in a mining friendly country.

Really looks to be one of the best U308 plays if/when the sector recovers

[asc4]

With an EV of 53M that means the U is valued at 20c a lb, I guess. Bottom draw stuff for me, i'll have a look back in a few years, when (barring a nuclear war/another incident) the market cap should be closer to 1billion than 0!

[JBmurc]

ACB now being pushed down to 20c= 40mill Mrktcap geez talk about low value given though major tax-loss selling pressure on one of the World's major new U308 discoveries which will be worth so much more later in the year .. If I had any spare cash ACB would be on the shopping list along with KRE

[shasta]

ACB now being pushed down to 20c= 40mill Mrktcap geez talk about low value given though major tax-loss selling pressure on one of the World's major new U308 discoveries which will be worth so much more later in the year .. If I had any spare cash ACB would be on the shopping list along with KRE

261m/lbs JORC now, ACB is certainly looking the most undervalued U308 company on the ASX, crazy - ACB started 2011 @ 58c!

Was one of my 5 ASX picks the wost performer of the 5

[JBmurc]

261m/lbs JORC now, ACB is certainly looking the most undervalued U308 company on the ASX, crazy - ACB started 2011 @ 58c!

Was one of my 5 ASX picks the wost performer of the 5

IMHO from 30c down it's really been the indiscriminate tax loss selling pressure that should sub-side in later this month much like it has done prevoius years expect a bounce back to the 30's in july/aug

[JBmurc]

IMHO from 30c down it's really been the indiscriminate tax loss selling pressure that should sub-side in later this month much like it has done prevoius years expect a bounce back to the 30's in july/aug

yep looks like its going to plan now if only I had got my fill at 18c......

[JBmurc]

ACB now at 34.5c @#$@@$!!!******

[biology12]

hey guys,

any thoughts on whether acb will push past 40c this year? or do u see it hovering around the 30's for a while?

cheers,

graham

[shasta]

hey guys,

any thoughts on whether acb will push past 40c this year? or do u see it hovering around the 30's for a while?

cheers,

graham

ACB started the year @ 58c with a JORC 158m/lbs resource, it now has a 261m/lb JORC resource & is @ 34.5c.

Clearly the whole uranim sector has crashed after the Japan earthquake, tsunami & nuclear fallout, as well as the U308 spot price dropping off.

In saying that ACB does look "cheap" in comparison to other JORC uranium advanced explorers, so when demand/spot prices rise ACB should follow suit.

40c is not unrealistic at all, but to see 58c again will take a while to get back there

[biology12]

hey shasta,

thanks for the reply. yeah im thinking that as well. i bought after they dropped hopefully the price of u308 goes up but am more than willing to hold till the end of the year to see what pans out.
any extra info or analysis would be great to the thread

graham

[biology12]

nice article

heres hoping it still plays a major factor for a while! at least till it gets to 68c!

[shasta]

nice article

heres hoping it still plays a major factor for a while! at least till it gets to 68c!

ACB closed @ 35.5c been a while since it was this high, & some good gains for those brave enough to catch the bounce from 20c!

[biology12]

arh as we are speaking shes losing her ground for the day, all gd tho, still just going to wait and hold on to it.
hey shasta do u use the trasding platform of asb or another one? just trying to minimise the costs here and ther?

[drillfix]

Nice run so far.

IMO the stock will need to re-test 30c to fill the gap which it previously left.

MACD histogram showing divergence and should prove this to be so in the coming week perhaps, but no guarantee's.

[biology12]

hey drillfix,

what do u mean to retest at 30c? do u mean to hold the ground and not drop back into the 20c?

also is the divergence neg or pos,

cheers

[drillfix]

Hi Bio,

What I mean, is that usually when stocks on some days Gap Up (or down) they usually (not always) have a tendency to want to get filled or touched again, meaning on the 12th of July the stock hit 30c and then on the 13th of July the stock opened up at 32c leaving a 2c gap (space between price).

Anyway, this happened to ACB and was done on the 13-7-2011 (week ago last wed).

All I am saying is that with the other mentioned indicators showing this may happen, dont be surprised if it does happen that's all.

The divergence is the currently positive showing MACD histogram that shrinking or becoming smaller which is negative. Not completely negative for the stock but negative in a way that it possibly means that all the other indicators will eventually follow should that histogram continue shrinking in size.

In the meantime it will continue to consolidate bouncing upward to the 36c level where the 150ema resides/sits.

Or simply put, time will tell and the stock may just do a test eventually of the 30c level on any overall global market weakness and then bounce again.

[biology12]

hey, thanks for the quick reply.
u have explained that rather well! thanks for the estimate of it hitting up to 36c. i dnt usually go off TA but will now start to head in that direction.
young investor still learning the ropes but made sum gd kills in the past.

thanks!

[shasta]

arh as we are speaking shes losing her ground for the day, all gd tho, still just going to wait and hold on to it.
hey shasta do u use the trasding platform of asb or another one? just trying to minimise the costs here and ther?

I used to use ASB Securities, but due too a "wee issue" i had with them, i will be changing brokers when i'm back.

I'm not a trader, my interest in ACB is just as one of my ASX comp picks, im not interested in Uranium at present, but when the fundamentals change i can't find a better U308 stock than ACB

[biology12]

hey shasta or drillfix.

could you please help me figure out the big push in acb today?
is this the divergence or gap up or down tendancy?

thanking you in advance

[drillfix]

Bio, dont worry mate, the stock is still only trading Range bound as previously mentioned with the 37c level being tested again.

Just because I mentioned a gap previously this does not mean to say the stock cannot go upwards, it only is meant to suggest that "Later on sometime" there is a possibility that the gap can become filled or tested, but when? Who knows, but in the meantime just keep your finger on the pulse to however your trading or investing.

[drillfix]

But also adding to talk of gaps, previously there was a big fall a while back as you know where the price fell from 56c to 53c prior to the next big decline, so that too will eventually be tested one day.

Which one first though? again, who knows, it may just stay range bound.

Keep an eye on the US debt situation as well as this could affect every stock and every body in every market depending on how long that plays out.

[shasta]

But also adding to talk of gaps, previously there was a big fall a while back as you know where the price fell from 56c to 53c prior to the next big decline, so that too will eventually be tested one day.

Which one first though? again, who knows, it may just stay range bound.

Keep an eye on the US debt situation as well as this could affect every stock and every body in every market depending on how long that plays out.

From August 2nd the US wont even be able to make the interest payment on there 40T debt, watch gold & silver go ballistic if that happens!

[drillfix]

Yep exactly Shasta.

Many do not believe that such thing could happen.

I on the other hand believe that "anything goes" in this world and anything can happen. Perhaps the very black swan that everybody never thought would happen, suddenly happens.

Again, who knows but time will tell.

[biology12]

well i hope the gold price goes up i got a bit in ogc on the asx heres hoping. cheers for the response again will watch the news after uni to see if the pres can sought a solution out

[biology12]

wouldnt known any silver small cap stocks i could chuck in my watchlist?

[drillfix]

wouldnt known any silver small cap stocks i could chuck in my watchlist?

Shasta is the small cap - watchlist man to answer that question for you Bio.

By the look of your nic and what you have just posted, by chance are you studying Biology at university or something?

[biology12]

haha nah its a name from way back when i was at highschool and had to fill out a questionaire and the closet thing next to me was my year 12 bio book. i study law in auckland pretty stressful and constant readings but its pretty sweet. are u a big fan of metastock or those other TA programs out ther?

who do u use as ur trading platform?someone informed me today about westpac having a online platform and the brokerage is cheaper than asbs?

[drillfix]

bio,

I use a few platforms as some suit different instruments, so no I dont use MetaStock although its quite robust platform.
With regards to brokers, I use 2 brokers, one for a long term account and one for day trading.
Most retail brokers (ie: westpac, commsec, nab etc etc) all use and offer you the IRESS platform which is either payable or free with X amount of trades per month type deal.

I used to use that but found it lacking a few things like being able to trade from a chart or DOM type tool so direct access trading is much more appealing.

Some other platforms I use would include ProRealtime with End of day Data, NinjaTrader, MultiCharts, and TWS which is IB's own platform.

Hope this helps.

[biology12]

cheers for that, il have a look on youtube of people playing around with them.

thanks.

[shasta]

wouldnt known any silver small cap stocks i could chuck in my watchlist?

Small silver plays ARD, MAR + others with silver projects PEX, ELT, PDZ, IVR, CVE, GRM, TRF

AYN & CCU are the two more advanced pure silver stocks, AYN now in production & CCU due by year end, check those threads & the LOW EV thread for other stocks

[biology12]

hey shasta thanks for the quotes, ayn made a gd as gain today.

any advice on the stock?thoughts/movements? noticing that the buyers to sellers is 2:1 less than the other day? meaning that its holding off?

massive ask, but do u know what the macd graph would look like??

cheers
at 44c atm

[JBmurc]

IMHO great time to be looking at the U308 sector I see even Japan are looking to start up their plants again .....ACB is my fav pick for massive growth in the sector..

worth a read on ACB
http://www.capital.bw/resources/presentation2012/acap_resources.pdf

[corran]

loooong time since the last post! It's been a tough couple of years for ACB and the whole uranium sector, but I'm picking that things will be picking up soon. I reckon Nuclear energy still has a key role in meeting future global energy demands so I'm trying to suss out some companies to invest in.

So far I've got small positions in PDN and PEN and am now looking at ACB. Just starting my analysis but so far I'm liking what I'm seeing. Fairly low number of shares, low debt, big resources, share price up off it's lows.

[JBmurc]

Had been thinking about buying back in a while ago in the 3's .....can't believe it's now 7.8c

[JBmurc]

Back into ACB .... 9c(was trading up at 16-17c couple months back) ....I see I sold 2010 for 45c ... some wealth destruction there for long term hold ...

But with news like >>Beijing has revealed plans to build 150 nuclear reactors to cost $440B over the next 15 years as the country looks to become
carbon neutral by 2060.

I think ACB massive U308 resource will come into its own and see a much higher value >>>

Also 75% INTERESTS IN Wiluna Nickel Cobalt Project (Wilconi Project) in Western Australia >> 660kt Nickel + 46kt Cobalt

[JBmurc]

https://twitter.com/ACapEnergy/status/1527481374399115264?s=20&t=Klu1fpQzOjuOYTVzXwxdOg

[JBmurc]

Why Nuclear is only SMART way forward

https://www.youtube.com/watch?v=N-yALPEpV4w