confronting my inner demons, page-4

Another Punter gets accumulated!!!

I'll miss our phylosophic Delphic discussions Punters although there are others here that wont Im hazarding a guess.

Good luck with wherever the cash goes.No doubt you'll be back at some stage,HOPEfully with more than you had to put in before!I too have appreciated your input as it has given opinion from the other kind of investor here at HC thats all to rarely expressed,apart from the ravings of rampers/downrampers who only become known with experience.

Now to get back to Aim.

Longer term holders must just about always steel themselves for this phase of their investment when involved in such African plays,not that Im trying to get others to hold,thats the individuals decision.

I hark back to this stage of my investment in Avl/m where I had made 200% gain and the finance was looking decidedly shaky and as to whether or not it was going to pan out for Dikulshi to be developed.I bailed and took the 200%.Avl/m was 15c then so who ever took mine at 15c then went at least 3 to 6 fold.I still cringe at what could have been made.What I SHOULD have been keeping an eye on was the fact that the low to mid teen sells were being accumulated and hence there must have been a positive reason behind this buying.

However due to the vagaries of the ASX investment community and the fact they inherently just about hate anything African(unless its to do with Ur)they just about never become meaningfully involved until its an absolute certainty that the project will reach full development/production.This will just about always lead to some weakness in the sp at some stage along the project development line.

The fact that we do currently have a bit of a buying void is imho due to the large discrepancy in investing standards between the smaller Asx investor and the larger funds/instos and brokers.Aim has been exceedingly lucky that a large US fund took an interest in Perkoa at such an early stage and has supported the sp through the 20s.

Now Im not going to go over the relative risk merits,project advancement,robustness,etc,etc suffice to say that imho Aims Perkoa is in a different(better?) universe to Dikulushi and hence MY relative content in staying with this investment,not to mention North Sound chucking a lazy 20-30 million at them(as per DK's comments).

Yes these guys have consistently missed the mark in terms of deadlines but they do have project "runs on the board" that shows they are pushing the timelines of Perkoa as much as they possibly can.

I dont think its too long a bow to pull to hark back to THAT Lonsec report and its relative conservatism(as expressed by a few others here as well)and implied by North Sounds median buy level.If some here wish to give themselves some ammunition to gain some inner strength over what may be a period of weakness for the sp have a go over that Lonsec report and just how far ahead Aim is in terms of minimising dilution that was forecast in this report when it looked as though the UK issue was going to be done at low teens and was eventually done in the high 20s.

Getting back to the "runs on the board" Im thinking Aim realises just how important it is for the market to PERCEIVE development of Perkoa hence the pushing ahead of the box cut and mine site environs even prior to the exploitation licensec being approved.Dont forget BF also spent their own money on building a dam in the vicinity of Perkoa so as to provide the necessary water requirements.For one thing this implies to me just how comfortable the BF authorities are with Perkoa in letting them do this as it would not have been done without prior verbal approval at the very least.This to me largely mitigates a huge element of risk that banks/lenders would have to take into account.

Even though the chart is showing weakness one must take into account that the likes of Punters would have pretty tight stop losses.Also technically it has yet to break 24c which may intimate a further drop.From the look of the buying side it may well do this but for how long and how far is the big question.If it sustains itself through this weak period around 24-25c(probably courtesy of North Sound)it will certainly add to my confidence in where it will evetually go.

d.