"the market knew the nature of the DD resource"Morning T4P :)I...

"the market knew the nature of the DD resource"

Morning T4P :)

I think that statement of yours quoted above is the crux of the matter. I'd venture to suggest that the market did NOT know the nature of the DD resource - they were just punting and guessing, and hoping for a major upgrade in this report.

I suspect that the vast majority of AEX holders (I was one but got out) were/are traders not investors, and as such, were buying a cheap stock that had the possibility of a major upgrade. It didn't work out that way, and hence the vicious sell-off yesterday. No knowledge of fundamentals needed - just some guesswork and misinformed comments along the way.

I read the report, and my immediate reaction was "Oh sh1t - is that all there is?"

Little mention of the uranium that everyone was touting AEX to be sitting on - and what mention there was looked to be very poor grades and dimensions (I'm no expert BTW). The bits about the gold were extremely preliminary, and they have yet to negotiate agreements with several surrounding farms to drill on their land.

That all smacks of a very early and amateurish operation to me, and certainly not one I'd like my loot sitting in for any length of time.