Good to see some quality discussion on here for a change. I too hold, entering at 4.6c.
There are plenty of more overpriced companies out there but saying that AEX should be priced the same without evaluation of the comparitor is dangerous. More than likely the comparitor is substantially over-priced. This technique was used in the tech boom to suggest why a stock should be priced higher.
My view on AEX is that there is a story unfolding here. Right now we are in the early stages of the story if drilling proves up a more substantial resource this is going much higher. The thing that is difficult to gauge currently is how much of this potential is being priced in and how much do you think the potential is priced in.
You've got to remember that there are many stale bulls still on the register as well as traders playing 1-2 ticks which affect the day to day movements.
Waiting for the next leg up, but I suspect it may require news.
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