Yes, what I said was obvious. With all the commotion from the posts I read at the time I felt compelled to state the (obvious) facts.
Re the amount of time that has passed (which has frustrated all long term holders) since AEM first mentioned this project, to be honest I think it was brought to AEM far to early in the process. What I do know is that doing business in 3rd world countries is no easy feat, and 3rd world countries tend to move to their own tune/timeline.
In relation to your confusion about the Vendor of the project is also lending (partaking in capital raisings) money to AEM. If memory serves correct Union Pacific (or an associated entity) has the agreement to acquire the project. AEM has an agreement with Union Pacific to acquire its rights over/to the project. To me it is clear that AEM will only acquire the project once the deal is finalised by Union Pacific. Until such time Union Pacific must meet all its financial obligations to do with getting the project to a certain level of finality that AEM will be happy to finalise the transaction. I would not underestimate the work involved in this area.
Obviously, AEM itself also has been incurring expenses with a) being a listed company b) acquisition/due diligience of the project. I suppose confusion can stem from the fact Union Pacific personel i.e. S H Koh, is also part of the management team of AEM. In my experience (which dates back almost 15 years) this is not uncommon with companies that are undergoing a company making (transforming in this ocassion) transaction. It is how the company handles the vested interests that is key. To this end with capital raisings via cnote being undertaken at 1.2c for the past couple of years, at various times the (even average) share price was well below that level.
D: Holding Plenty
Cheers
Clever1
EOR Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
