Unless you are trading on the short term the chart will tell you nothing. It has been going up and down for months, now if we want the gains which we are all are after we need the announcement. The resource needs to be brought upto indicated within the next week or 2. In the form of a announcement attached with a letter from CSC saying results have been delayed or as we all want the actual physical figures. If this does not occur the price will fall, and although a dog will have its day once in a while, this ones chance to shine will be gone for good unless we receive communication.
On the positive if we get an announcement, confirming the resources the stock will go up to between 10 and 15 cents. But this will be a discount to what it is actually worth because of management. Our best chance for proper gains will be for another player in the uranium game to show some interest in the asset and launch a takeover. As we all know we will have more downs then ups, before we see the gains that management should be providing for there shareholders, if it remains as acclaim resources. Surely if it does get brought upto indicated. The best result would be to sell the asset, as that will get us the best gains.
Any opinions? Especially in the times were uranium prices are pushing 140 to150 US dollars and Gold 800 to 900 dollars. As this resource should already be off the ground. Whats the peoples view?
AEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
