ACRL trade ideas
Breakdown IncomingAccumulation peaked in January, a head and shoulders triple top has formed on the charts, and volume is meek. This looks like it's going to break down before going back up to me. Parabolic breakdown would be an 80% retrace of the ascent. I'm calling 0.0025 before going back up.
Accumulation is trending up, and market cap is low, so long term prospects still look good, but I'm not buying now.
$ACRL Sites Located Next to Mine that Produces $516 Mil in Gold$ACRL’s land is the ‘Allsopp-Hutson’ star that’s highlighted which they also list in their 10-K: Proof of their Allsopp ownership in their 10-k, Page 11:
“Allsopp Properties: Mineral Rights acquired in the Kirkland Lake Gold’s Macassa mine Complex Ontario Canada. Consists of 1,680 acres.”
They also have thousands of other acres and rights to diamond, graphite and cooper listed properties on Page: 11:
www.otcmarkets.com
“The 231 foot headframe and shaft sinking infrastructure is now in place at the Macassa Mine. It is all part of a $350 million expansion program which will extend the life of the gold mine for another 15 to 20 years. Eventually the shaft will be to a depth of 7,000 feet( nearly a mile and a half deep). The gold values increase the deeper you go. When completed it is expected to help Macasssa reach production of 400,000 ounces of gold per year.
Why this is of interest to Atacama Resources International is that our three gold properties are all just west of the Macassa Mine and along the same geological fault line. “
Major goodies filed in the latest 8K on the 14th of January read for your enjoyment:
archive.fast-edgar.com
Also of note:
The fault intersection analysis being conducted by our geologist team for Atacama 1, 2 and 3, coupled with these historical data will provide the basis for a cost reduced and efficient plan to achieve proven reserves for the company’s gold claims in Kirkland Lake, Ontario.
No R/S, No Dilution, No Toxic Notes.
Now if all that wasn't enough $ACRL also has these other subsidiaries too:
Good2Drive: good2drive.com
Fit4Duty fit4dutynow.net
