The only thing that's overpriced are the salaries mgmt/Board are paying themselves for their woeful neglect in not promoting their world class Walford Creek resource.
Hell, they can't even upload the Bell Potter research reports onto the Aeon Metals website. These are well put together reports written by David Coates and are well worth a read if you can find them.
If you look at the Aeon website, you'll see that the last broker report uploaded was on March 22.
Since then David has written comprehensive site visit updates on June 24 and August 15.
It's one thing not to be pro-active and try to promote your resource at every opportunity (as every other mining company Board tries to do) but quite another to not even bother to upload the positive reports that someone else has gone to the trouble to prepare.
In our view this is willful neglect and goes a long way towards explaining the current SP which in no way is reflective of the value of the resource.
Walford Creek is correctly described as world class with large and ever expanding high grade tonnage of Copper and Cobalt (plus zinc/lead/silver credits).
Yes Copper and Cobalt prices are depressed atm but our discussions with the big miners have shown that they are looking beyond the current short-term problems and positioning themselves for a battery metals driven future where demand for Copper and, in particular, Cobalt will far exceed supply.
In our opinion, the current SP is a complete joke and a sad reflection of management (and OCP Asia if they continue to support this neglect).
The only thing that's overpriced are the salaries mgmt/Board are...
Add to My Watchlist
What is My Watchlist?