Its all doom and gloom...the ship is sinking. AEX will never ever mine at Denny Dalton. Its a lost cause. Sell yesterday....etc etc.
love it when the 'experts' come out after the event ;)
and so many of them 'appear' to be 'newbies' too ....gotta laugh :)
We will sit here and debate where the price will be tomorrow, next week next month....
Me? I'd rather focus on the drilling!
Things like...
When it starts, when it relays results to the market and when the findings reach a critical mass in the market when all of a sudden...we have a very (gasp..really!) robust project.
And we are talking about weeks folks.
Look guys, if its too hot in the kitchen then get out of the kitchen.
Simple really.
But...remember that if you really think this project is a goer, especially at the current market cap..AND you want to maximise your returns with the capital gain bonus (12 months) then you either hang on 'knowing' the drilling will reveal the inferred resource...or you sell.
AEX may go lower. Thats a possibility.
My approach has always been long. 12 months plus. My investment was for that timespan....at least.
I dont think the company is going under. I dont think drilling will disappoint. And I dont think it will be languishing at these levels once we start getting the drill results....not to mention the other company developments that we can expect along the way.
So far I have seen MTX investment go higher. I have seen Gold and uranium go higher. I have seen a new director with the right experience and connections join the company..and drilling about to get underway. Fundamentally its looking pretty good to me.
Just how much drilling will they get done between now and early next year? What will they find? Will it be considerably more than was first thought? Will they venture off further, particularly eastwards where the deposits were thought to have extended further...? Is the geology of the area conducive to uranium/gold exploration? Is uranium and gold going to go higher? Will the resource be measured up to reflect inferred status? Will the area support the geologists theories and data that the area is very similar to the well known Witswatersrand deposits, that hold high levels of uranium and gold? Will we see a BEE partner signed up in 2006? How many 'other' Uranium/gold juniors will be at their stage of development in a few months time or at the end of this year? What will that mean for AEX as uranium price continues higher and the market is looking for the 'next' big things?
Lots of questions folks!
Either abort and do the short...or go long and go strong.
And while we have a few heroes here popping their heads up..after the event.....
While you're at it guys, heres one for you to comment on 'now'
Who here thinks the drill results wont reflect similar levels to those inferred results?
A chance to make a name for yourself chaps ;)
And goodluck to all regardless of your strategy I say :)
AEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
