impatient seller/s

The seller of 3.5m has now amended the order down to 1.2c. Will they sell down to 1.1/1.0?

As I have previously stated, patience will be rewarded.

To those of you wondering what the possibilities for future share price growth are for AEM; may I suggest having a look at ZYL. ZYL have just announced the release of the prospectus and the consolidation of shares on a 2:1 basis to meet with relisting rules 1 and 2 of 20c per shares. All this from a company that was only 2c some 6 or so months ago to a high of 14c, trading between 11-14c in the past 8 weeks.

I must admit that I have not done any comparisons between ZYL and AEM on market cap prior to ZYL announcing change of business direction, net asset back or cash at bank. I DO NOT OWN SHARES IN ZYL.

Do I expect AEM to increase 5x from current levels in such a short time frame, whilst it would be awesome if that was occur; no body really knows.

What I do know is that AEM is allot further down the track to finalisation of change of business direction then it has been since the prospects was first announced. I would guess the announcement showing the updated presentation has enabled management to buy. After all, why else would a director buy on market. You can also deduce that things are moving along nicely.

Next announcement would be along the lines of Deal is done, signed off, boxes ticked/crossed, prospectus lodged with ASIC, General Meeting which details the consolidation i.e. 4:1. Prospectus out raising $X dollars at 20c. Drill for oil, find oil, share price rally's, connect oil to existing pipeline generate cash, and repeat the process another 2 times, raise some cash to then drill outside the existing field for the blue sky.

During the above, the Thai coal deal which is simmering in the back ground is likely to be finalised. AEM then becomes a 2 project business. If/then they can bring in another deal.

Obviously, all of the above could be wishful thinking. Do your own research.

D: I own shares

Just my 2c worth.

Cheers

Clever1