I suggest there would be more than a few a little upset at the delays, possibly also a little frustrated at the lack of performance of the share price and now simply taking advantage of the rise to exit.
Perhaps understandable...but in my opinion, it's a time to be buying, not selling!
Seems AED are some 6 - 8 months behind scheduled first production...lol...interestingly, looking at the share price 6 - 8 months out from when they first expected production to begin (Sept/Oct last year), the share price was actually higher than it is now.
In effect, we are now virtually at the same pre-production phase once again, but with many more of the boxes ticked off now...and a possibly near doubling of reserves thanks to Puffin-9.
Another "investment" grade "trading" opportunity I suspect?
Cheers!
AED Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
