AEB 0.00% $2.57 affinity energy and health limited

Ann: Rationalisation of Board, page-15

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  1. 5,645 Posts.
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    Sounds like the angry outburst of someone lamenting their long term holding sitting at a fresh all time low. I'm sorry you're hurting.

    Thanks for asking about SEA though! Actually, there's even some relevance to AEB. I bought in below the CR raising price last year (average 5.Xc, didn't quite pick the top of around 10c but did take profit selling most of my holding around 7-8c after it was coming down from the highs. I have since bought back in at lower prices. I would have to check to see what my average buy it now, but while it would still be slightly above the current price I'm very pleased with the recent rally and have high expectations of at least $1.50 before the end of H1 2019. I'm actually hopeful of seeing well over $2 but that's a long story best kept for the SEA threads. Even if it only hits $1 I'll be very pleased. The short version of my upper expectations for SEA is that I think we're going to see WTI top US$100 per barrel this year, and that will either give AEB the opportunity to demonstrate that its energy technology is viable, or be forced to demonstrate that it is not (I obviously have no doubt that it is not). Either way this will be telling for AEB. For SEA this is obviously just a simple and clearly extremely positive thing.
    Comparing the price movement to AEB, we saw an all time low closing price on Wednesday followed by the new all time low price which it ended the week on. I have high expectations of new all time lows being hit, probably this month. At times I change my sentiment on AEB from sell to none and sometimes I even expect a brief rally (always followed by fresh lows), but currently I expect bleak times ahead, at least for the near future. I'm sure they'll play another game and get the price up at some stage (where the price will go to before then I don't know). It's nearly at the stage where AEB must do what SEA chose to do and have a consolidation (I wasn't actually happy about that to be honest) or in AEB's case, close up. AEB does seem to he close to the point where they simply fail and end; with so many failed projects they refuse to let go and literally zero successes, it's getting extremely messy and, well, the story tells itself. But, the one thing they are good at is continuing on and extracting money from external sources, so they may still have a long future yet... though if so I'm sure it will not be any less painful until the end.

    Enjoy your weekend
 
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