ACB-A-Cap resources U308

[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...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...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...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...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-ite...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-ite...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