I posted a week or ago when AEX first started to move that there were 3 possible reasons for the move. These are:
1) They have attracted a major company to undertake and finance a feasibility study (mining this laterite is looking more feasible at current nickel prices)
2) They have found nickel sulfides at the Claude Hills tennaments or at Wingellina (although I don't think they are drilling there at present)
3) The price is being pushed up ahead of yet another capital raising.
The first 2 are very positive, the 3rd is a downer.
H
AEX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held