AEX 0.00% 1.1¢ acclaim exploration nl

AEX, page-6

  1. 15,959 Posts.
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    Lybovnik

    AEX has had no news to encourage buying (such as drilling results). It has had a newsletter recently (see web site) that says that once the size of the resource is determined (could be 6 months) it will be for sale.

    So there is no buying momentum and plenty of selling - i.e it could be 6 months before we know what they have at Wingellina, and if you don't want to wait for this news then perhaps you would sell before the end of the financial year (particularly for tax loss purposes). This is exactly what you are thinking and the other punters are thinking the same - so the trend is currently down.

    That's why its going down, probably nothing to do with the results or project viability at this stage - IMHO.

    Cheers

    H
 
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