drilling an old hole

ok im bullish on this, entry price 3.5cents

i am long on this, havent sold.

BUT

currently reading 'the insiders guide to australian mining stocks' or something.

one of the chapters talks about, DIRECTORS DRILLS.

this essentially is a drilling of an EXISTING HOLE, of which AEX is doing...

essentially it bumps up the share price for

1. higher price = higher SPP or placement price.

2. to make options in the money so that they are exercised.


i mean what is there to gain from this drill?

btw how much CASH does AEX have in the bank?

also regarding EXT, the lease, did they have it when PDN was drilling, or did they peg their lease just recently,
if recently... then one of the chapters in the book... all it says is that there are those companies that do NEAROLOGY

meaning , peg all avaliable land near an existing mine, hoping for some uranium..

i note EXT havent even drilled anything *mark me if im wrong*, yet their price is going estatic...


that just points out how cheap AEX is.

anyhow, hope ppl dun tink im downramping any of the above companies.

im just new to all this mining companies and would like to know, whats happening.

i do certainly hope AEX will be the next PDN...
but drilling a DIRECTORS HOLE... mmmm