pre open qrt out, page-4

I bought more AEXO today in anticipation of a positive outcome. Imo it's still worth the risk as there is no immediate need for cash, unlike last year's giveaway capital raising. And they can make the final call on the 40m partly paid shares to raise $800k if there is a need for capital prior to results being released. This is much better than issuing new shares as there is 2c owing on AEXCD regardless of sp. As these will one day need to be settled, it is better to raise cash from them rather than issue more unnecessary shares while the sp is languishing. Keep an eye out for any effort to raise capital while the price is cheap and make sure you let management know that any further dilution won't be accepted without all attempts to limit damage to shareholders investments are first explored.

A lot will depend on what deal is struck to get the Guinea leases. Hopefully AEX will not issue heaps of cash or cheap shares to get it. The best outcome will be for them to commit to an exploration program to earn an interest. At least this way they can pull out if the leases are a dud and lessen the risk to the shareholders, rather than paying out upfront.

I expected the quarterly to confirm the meterage drilled at DD rather than just stating there was 675 samples sent for analysis. This information should be freely available to shareholders as it is separate to the analysis process. There has been plenty of time for this information to be released as the samples were sent off in May. It is these types of secrecy/oversights that damage the credibility of AEX, along with the issuing of cheap shares of course.

Most companies with the same possible uranium/gold deposits as AEX would trade at a much larger premium. I guess the upside is any positive news will push the sp much higher.

There's plenty of risk as well as potential reward from AEX. I'm happy to hold and wait for DD results despite the continuous delays but will no longer accept anything less than a board willing to be 100% commited to the people paying their wages, us. It isn't just AEX either. During boom times management of many small companies seem content to go through the motions expecting the market to accept just about any dross they serve up.