No one can be more frustrated than me, I have been part of AEM for a few years now and thought this was finally it, just to be hit with what seems like another delay. I rang the company yesterday and gave them wanted to give them a earful, but then was kind of understanding to the company as it also expressed dissapointment with the delay and again advised me all was progressing in a positive manner but could not elaborate any further due to the corporations act and ATO compliance matters and finally as directed by the Indonesian government. I respect the companies stance and understand the delicate situation it is in at the moment, dealing with a foreign government is not that easy and further if the deal was dead we would be flooded with sellers and not just get these trickles of parcels going through ATM to bring the SP down. Also and most importantly..... If the deal was dead it would be reported to the ASX. Further this deal is not a 2min thing it has been progressing for over a year now and in the words of the company " we have not come this far to let it go now" All in all I was relieved and sit and wait for the finalizing of the Indo deal, I wouldn't expect the SP to do anything until we get some kind of Ann. I have waited years for this time.
EOR Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
