I bought some AEN today after reading their profit upgrade.
I didn't even know they existed before today, but it all sounds rather good: expected full-year profit of 1.92m spread over 44 million sahres works out to be about 4.3c per share, which works out to be a p/e of 7. Not bad for a business saying there's lots of growth ahead of them.
It's a bit worrying that they're losing their founder/ceo/chairman though - he may want to dump all his shares! Maybe he was the one doing all the selling.
Cheers, Anne
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aeramentum resources limited - tba
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Currently unlisted. Proposed listing date: TBA
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