After reading the Report on Manga there is a large question mark over the price AEX have paid for the 33% stake in this project.....The report states that the potential value of this site (meaning mineral asset value)as a whole is only valued at $5 Million........ So 1/3 of that is $1.6 million......Pretty much why would any one by a second hand BMW which is sold for $100,000 when also for sale is the exact same BMW in the car lot brand new for the same price..... Do you think anyone would actually buy it.
Please explain why AEX is paying 200-300% more for this site as stated in their own report.........Lets be honest the Companies that undertake the reporting giving a Fair or not fair result to shareholders when Companies undertake in their own words a percentage stake in potential Gold or uranium Mine do not actually check or reference that facts of companies like AEX so make sure they are valid its more like you give us some numbers and we will report on them to suit
In most situations these reporting companies do not actually go to say africa undertake independent analysis of the site AEX claim they are going to explore in a partnership...If you also look at the financials of AEX that clearly state as of January this year they only had $500,000 in the bank...now pay directors and all the other expenses of running a sham exploring company this money will run out by the end of the year.... now take a look at all small claimed exporation CO's like AEX just before they are going to run out of money they some how come up with a new aquasition or joint venture or some sham to build the coffer up via capital raising or share issuing pleasssseeee give me some strength.... then look at how long they have been operating some since the mid 90's early 2000's and they have gone know where.....then you will see that it is a never ending cycle for all of these claime Exporation companies.
AEX Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
