AEXE is my new alert. This company just acquired mining properties. Open now!
DamnGood PennyPicks Newsletter
AEXE Adds Two Mines in Quick Succession Good Afternoon! The Philippines and Peru may be separated by oceans and seas but from a trading perspective, you might as well see them as being in the same place.
My latest pick has just acquired mining properties in both locales and as a result, the company is now a powerful trading target on Wall Street.
AEXE’s movement in acquiring the two properties has boosted its growth potential considerably. The acquisition of 648 hectares or 40% interest in the Filipino Feldspar properties is complemented nicely with the acquisition of 1,000 hectares of coal mining concessions in Peru. Call it a double-upside, if you will.
Shifting your eyes to the technicals you’ll see that AEXE is now bubbling with gain potential. Light average volume has now given way to a massive upswing in trading volume and the play pretty much has a “green” stat line.
You really can’t miss it.
Short term upside potential is strong, and with rising liquidity, a price breakout might not be far behind. And, the news released recently is still fresh; hardly priced in properly yet so traders that cease the moment could benefit nicely.
The only way to tame this mare is to be first with the rope – start your research and be ready.
Investor Highlights AEXE thanks to recent acquisition activity now owns a 40% interest or 648 hectares of producing mining property in the Philippines.
AEXE also acquired the rights to over 1,000 acres of coal mining properties in in Lajon Huayobamba Area, in the Huaranchal District of Otuzco Province, Peru.
AEXE has seen rising interest levels of late. Average volume which was a little over 2K recently gave way to a 69K breakout.
AEXE relative strength levels are in the early stages of a move from bottom so bounce potential is huge. The upside from current levels is a strong catalyst.
AEXE’s growing uptrend is marked by two days of modest rallies. A 2% uptick gave way to a 6% rally which helped the play close out the week.
About AEXE AEXE Aim Exploration Inc., an exploration stage company, engages in mineral exploration.
AEXE currently has two existing projects, a 40% interest in a Feldspar mine located in the Philippines and an Anthracite Coal project located in Peru.
AEXE was incorporated in 2010 and is based in Manila, the Philippines.
Peru’s Mining Sector Set to Pick Up in 2015 Growth in Peru`s mining production will be slowly over the following months and will gain momentum as of 2015, mainly due to the startup of major projects and full production in the Toromocho mine by and during that year, the Ministry of Energy and Mines (MEM) said.
“Peruvian mining production will pick up next year, especially copper output, which will jump 20 percent”, Guillermo Shinno, Deputy Mining Minister told Andina News Agency.
The high government official pointed out that Chinalco`s recently inaugurated US$ 3.5 billion Toromocho mine and new $1.8 billion mine being built by Canada’s Hudbay will boost Peru`s copper production in 2015.
“The Toromocho mine will add 275,000 tons to Peru’s current copper output of 1.4 million tons. And if the mine being built by Canada’s Hudbay begins operations by-year end and works normally, it will add 350,000 tons next year, so copper production will grow 20%”, he said.
Shinno pointed out that this year`s mining production was down basically because copper mine Antamina in Ancash is producing lower ore grades, because, among other reasons, to its geology.
Likewise, he went on to note the silver and gold production will grow slowly in the next two years, but output will pick up by 2017.
Peru is the world`s third-biggest producer of copper after Chile and China.
Copper is the country`s main export product.
Recent Developments AIM Exploration Acquires a Total of 648 Hectares of a Producing Feldspar Mine in the Philippines and a 1,000-Hectare High Grade Anthracite Coal Project in Peru in Pre-Production Stage BEVERLY HILLS, Calif., Oct. 17, 2014 /PRNewswire/ — AIM Exploration Inc., (AEXE) a U.S. mining corporation focused on producing mines. The Company is pleased to announce two key mining property acquisitions in the Philippines and Peru. Both properties have outstanding cash flow potential through production.
Feldspar Project in the Philippines Under Filipino law, AEXE owns the maximum 40% interest of the mineral rights to 648 Hectares of feldspar mining properties and processing facility in Pasuquin, Ilocos Norte, in the Northern Philippines, logistically close to Taiwan and China. This property appears to be highly rich with the strong presence of Feldspar, Silica sand and Limestone.
The property is in active feldspar production and the Company has recently completed a successful test-purchase order for 300 MT. The Company subsequently received a second test-order for 1,000 MT from the same client and is in the process of completing that order. As a result of these successful test orders the client is very pleased with the feldspar quality and the Company is negotiating a purchase order for the 2015 production year with this client.
The Company intends to expand the production facility to include equipment capable of refining the feldspar to be used in clear glass manufacturing.
Clear glass manufacturers have displayed a great deal of interest in acquiring our product. In addition, another major manufacturer and exporter based in Taiwan has approved our feldspar samples and indicated that the quality is the same or even better than the supply they import from China and have requested a larger sample for test production.
Anthracite Coal Project in Peru This acquisition consists of two mining concession rights consisting of 400 hectares in Lajon Huayobamba Area, in the Huaranchal District of Otuzco Province, Peru. In addition, AEXE has entered into an agreement with Percana to acquire an additional 600 hectares adjacent to the 400 hectare parcel following some additional due diligence including an arbitration process currently underway by the Lima Chamber of Commerce to confirm that the previous owners are not owed any outstanding royalties. Under the agreement AEXE currently has full operational mining and exploration rights on all three properties.
This announcement follows an assessment of the mining concessions completed by a USA based mining consulting firm (Gustavson Associates, Colorado, USA) (http://www.gustavson.com) commissioned by AEXE to review (including a site visit) a detailed technical report prepared for Percana in 2012 (a report that is non-compliant as a “NI 43101”).
Gustavson has reviewed the current data of the 2012 report plus made a site visit in December of 2013 and in general agrees with the existence of the coal and the potential for mining. The report includes recommendations for a drilling program for the next phase of exploration. The total combined assets covers 1,000 (one thousand) hectares over an area that is approximately 4,000 meters east west by 3,000 meters north south.
This technical report reviewed by Gustavson, commissioned by Percana was prepared by highly regarded Peruvian Mining Engineers and Geologists indicate the strong presence of high-grade Anthracite Coal reserves with potential inferred coal reserves of 104,000,000.0 MT. Gustavson has thus far reported back that they want to further investigate the validity of the inferred coal amounts.
Catalysts are everywhere for AEXE which means you don’t have much time to establish a position before the potential breakout.
Get started as soon as you can.
To learn more about AEXE please visit their website:
[1]http://www.aimexploration.com/
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References 1. http://www.aimexploration.com/
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