AEX 0.00% 1.1¢ acclaim exploration nl

questions for meeting on monday

  1. 4,327 Posts.
    Hi Folks

    Keep up the great posts at present.

    Seems we still have some TA opinion that AEX will retrace to around 4 cents.
    Imo, with the announcements getting closer these TA predictions are becoming less likely.
    Last week was a testing week for AEX with the supports around 4.6-4.7 tested several times.
    Fortunately we saw a move upwards from there...and a 'few' of the downramping brigade 'back on board' for the next leg up.
    We saw a number of traders get unsettled a little. The relatively low volumes there suggests some of the negativity and the strength in some other U hopefuls perhaps saw some money move from AEX to other plays.

    We are not out of the woods yet re well and truly leaving the sub 5 cent levels..perhaps...however the impending news should see those levels left behind for good.

    Clearly the market is waiting for further clarification and detail. Clearly we need this.

    I suggest over the weekend that a number of us put forward a series of questions that those going to the meeting may want to forward to the company.

    Asking the right questions can mean all the difference and may give clearer pictures of the plans, the vision and the hopes of the company.

    Heres a few:

    Will the company be primarily targetting Gold...or uranium initially? Or both? Is that realistic? Would gold 'initially' be the primary focus?

    When does the company envisage start up times for the mining operations?

    The company must be VERY confident in Denny Dalton to sell off its nickel assets. Just how confident is AEX regarding mining this area?

    What is the companies opinion on probable resource upgrades?
    Does current mining techniques/technology give the company added confidence in meeting or even upgrading the given inferred resource?

    Do you foresee long protracted negotiations/issues dealing with SA in mining this area...inparticular uranium?

    Looking at Paladin and what they have achieved to date, does AEX see similarities with that operation, and does the company aspire to be a major player in the region?

    Does the company see Denny Dalton as a stand alone 1 metal company? that is would it be economically feasible to solely/only mine Gold OR uranium?

    What is the cut off price for Denny Dalton regarding economics re Gold and Uranium?
    For example, if gold drops to say levels around $450 and uranium $30?

    Costs of production?

    Website?

    Is the company prepared for the possibility of not meeting the inferred estimates? If so, does that mean that with current prices and further exploration that Denny Dalton could still be a profitable operation?

    Does the company see Denny Dalton and AEX as being 'undervalued' by the market...especially considering the other players that have market caps in multiples more than AEX....that do not have medium advanced projects?

    What are the comparative advantages to AEX and Denny Dalton to other hopefuls?

    Well folks theres a start. If those who are going to this meeting can sort/collate a number of these questions and do a little homework prior to the meeting then it could end up being a well spent afternoon.

    Cheers!



 
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Currently unlisted public company.

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