When you look at the boundless opportunities throughout all...

When you look at the boundless opportunities throughout all resource stocks and the stella performance of a variety of stocks, AIM's SP is in reality a disgrace. It was actually at 11 cents on March 4th 2004. Price today 10 cents. In 4 years it has gone no where. One could give another series of explanations for AIM once again, but in reality that is what IS.

Over 2 years I have sung the praises of this stock, but I stand back and actually look at where its share price stands. A shocker. One can talk the talk but in reality it has gone backwards and still one pontificates what a great stock it MAY BE. Right now it isnt. A major problem on site and the whole project grinds to a halt for another 6 months. AIM seems to be able to conjur up "something potentially better" is always going to happen in the future. Then along comes another issue of some type to deal with.
Recently we look at the MD departing with his millions, then poor drill results from Perkoa, then the listing withdrawn from the Canadian Exchange, then the drainage issue at Perkoa, then the legal proceedings, then the silence on offtakes and finance(this has been the carrot for nearly 2 years), the list goes on.

Languishing around 8/10 cents with dreams being the saviour for its share price. Lets face it zinc is truly out of favour, the price continues to head south, stockpiles continue to rise and the experts predict a surplus of 700,000 tonnes by the end of 2008.

Granted Bill has made certain events happen on the minesite but still the important stuff is no nearer to completion. Offtakes and finance have been the attraction but there is absolutely no indication when they will be completed. I am off the opinion that interested parties will wait until AIM is well down the track, has used up the bulk of its $50m and has stockpiled ore for processing, before they will sign any agreements.

This means probalby the end of the first quarter ie March 2009 before anything meaningful will happen with AIM. In the meantime traders will fiddle with the stock and it will have its bounces as per usual, but a steady price variation between 8/12 cents will be its range. That means an increase of 1 cent in the share price over 5 years.

The oil issue is also no looming as a major problem for the world and rising inflation becoming a distinct possibility. This does not go well for a spec stock such as AIM.

Never have I been involved in a stock like AIM that has survived on what might be.

What is happening with the offtakes?

What is happening with the finance?

Does anyone want to buy the stuff?

You can have the best product in the world but if no one wants to buy it, you go broke. Then they come with cash in hand and buy it at the fire sale.