undervalued on any number of criteria, page-2

Hi Satori,

Have read that report a number of times.

Excellent Report.

Why doesn't Acclaim have it on their website promoting themselves?

Many others do.

If the last main announcement has any credibility with this company I am hoping for it to be sooner rather than later "upgrade the current inferred resource" as stated by them. I will give them 2 months and then start downsizing if they still have not given any indication by then.

I am not asking for a miracle, just an indication.

So far, there has been none forthcoming that mangement even know what they are doing.

Will still hold some after that time, but it will be minimal.

In my books, patience is costing opportunities in many other "U stocks" that i could have used the extra money instead.

Thats the part I don't like.

This "U phenonomen" will only last for a certain time.

Anyway, we shall see.

Not being Negative.

Just being realistic.

Patience can wear thin when you see other "U Stocks" all around you on the move up.

They really need to take the bull by the horns if they are going to gain any credibility.

Cheers markco2

ACCLAIM EXPLORATION N.L. ABN 99 009 076 233
8 November 2006
Companies Announcements Office
Australian Stock Exchange Limited
20 Bridge Street
Sydney NSW 2000
Denny Dalton Project– Second Phase Drilling
The company is pleased to advise that the second phase drilling programme on the company’s Denny Dalton Project in South Africa, announced on 19 October 2006, has commenced.
The aim of this drilling programme is to upgrade the current Inferred Resource of 31.5 million tonnes of 0.35kg/t U3O8 and 2.5g/t Au to a Measured Resource to allow the completion of a mining pre-feasibility.

Yours faithfully
Neville J Bassett
Secretary