Coop it is puzzling to see how few HC members -precisely one, your good self- have been following this 'sleeper' There are two ways to make money in resources:
1. strike a glory hole a la SFR's Degrussa -v.low probability of success. or 2. back excellent management with demonstrable track record- in a clean shell with few shares on issue who vend excellent projects 'value-priced' into the company i.e. AEA ...
The latter has to be the most undervalued and [relatively speaking] low-risk play of all the juniors listed on ASX!!
After 30th Nov shareholders' meeting the A-Team take control IMHO we have the prospect of quite a ride to savour.
Oh by the way the product is Coking coal in Indonesia..which should have production within 18 mths.
By any measure of other peers in the sector a market cap > 1B within two years is not an unreasonable expectation
AEA Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held