Lets hope management are smart enough to negotiate a deal that sees AEX commit to an earn-in arrangement. There seems little benefit in paying out a heap of cash for the ground then more again to explore. Or issue millions of shares either, especially while the sp is weak. Any deal should involve taking an interest through exploration with an option to increase holding through an increase in expenditure, depending on whether initial results are encouraging. Its better to walk away than over-commit atm.
This will be a litmus test as to both ability and integrity of management. It is an ideal chance to prove themselves. I hope they measure up.
AEX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
