SPOT ON Auzcan.I've read heaps of these quarterlies and they all...

SPOT ON Auzcan.

I've read heaps of these quarterlies and they all sound like it's all happening but it never does. Seeing is believing where AEV's concerned. The Market just doesn't believe them - full stop.

Unrealistic timelines; lack of news + no updated feasibility study - how are our profit margins with phosphate prices what they are?; Cash going out but no work actually started; question mark over off-take(s); s*** loads of SOI; ongoing dilution; is another CR a possibility? 49% Hebang ownership - then what?; options expiring in October; the list goes on...

Yeah, this quarterly is full on promise and hope and a hint of excitement because AEV want shareholder approval in late May re: Hebang's placement.

IMO, the disconnect between todays quarterly and the current SP is not hard to understand when you remember AEV's track record and consider the continual uncertainty, lack of clarity and unfavourable/questionable conditions I've outlined in paragraph 2.

As always, we wait for real and definite announcements that confirm mining is financed, profitable, and is positively starting and we have a customer(s) of course. When that day comes (if ever) I'll change my sentiment from None to Buy.

Until then the SP will remain as it is.

All IMO.