Ann: Additional offtake agreement secured for Baobab Project-AEV.AX, page-21

It's looking good. After the rise from ~8c to ~23c, AEV has consolidated around the 20-23c mark for a few months, and now looks set to move on higher. Today's price action was encouraging, though the really large volume days have not yet happened. With production imminent, and revenue to follow, the ducks are finally starting to line up. The plant and mine are on time and budget, and phosphate is always in demand. Once the revenue starts to roll in, there should be more buying coming in as the project is now de-risked.

The icing on the cake will be the expansion of the Baobab mine from the small permit area to a larger mine. AEV have the funds, and together with incoming revenue from their 80% share of the SMP, I am confident they will make as good a go of the larger mine as they did in the expedited development of the SMP. They have ticked all the boxes so far, and management is to be congratulated. I am confident in a few years, this will be valued in dollars and not cents. Anyway, time will tell. DYOR.