- Update: AAA Energy Inc. (AAAE) Huge News Out

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Update: AAA Energy Inc. (AAAE) Huge News Out

Market Watch

By Jeff Clark Two things worry me about the stock market right now... Wait... that's not quite right. There are dozens of things that worry me. But two of them scare the heck out of me.
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Update: AAA Energy Inc. (AAAE) Huge News Out

Wednesday, 10 October 2007

Action: Long
Good morning readers,
We’ve got some potentially enormous news out of AAA Energy Inc, (AAAE), our top Molybdenum mining company for 2007 and 2008. This morning’s press release may just be the one that puts AAAE on the map, and in front of the big Wall Street investors.
Our “little stock that could” has already taken an impressive run from around $1.12 in late August (when we first began coverage) to a high of $1.85. Now, we think it could make a run back towards those previous highs, and perhaps break new all time highs… on this news alone!

Currently trading around $1.35 per share, we’re looking at a possible quick 37% or more to the upside, because just this morning the company said it has signed an initial letter of intent covering 2 molybdenum prospects located in China.

That’s right. In addition to the potentially $billion Moly play they have in Salal Creek, B.C., the company may now be sitting on another huge find, that could eventually turn the company into a multi billion dollar molybdenum powerhouse, especially if the molybdenum commodity rises to unprecedented prices, as predicted.

And it’s still trading under $2 per share!

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If you’re not already holding AAAE stock, now could be the last chance to get in at these prices.
For all current shareholders, have a look at the press release that was issued this morning regarding the Moly plays in China, it’s available HERE

Action: Long AAAE

Good Investing,

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