Hi to all, The only thing that is stopping this from flying is ? over management. All the dead wood need to be taken out for a substantial break out to occur and take the .002 day traders out and let the stock do its thing.
If we look back to the fundamentals. AEX spent $6m to acquire DD and I don't know of any other junior listed asx company that paid anywhere near this amount for their uranium tenaments. Either AEX management were absolutely blind to part with this amount or they know DD is the real deal. AEX management have said very little and only make announcements when they have something to say. This does not seem to suit all traders as they prefer companies that make constant announcements regardless whether they add any true value to their project. Grass root explorers with ridiculous market caps $100m plus.
Based on pure speculation similar to other asx uranium stocks, AEX should be trading at over 10c at present which would still give it an extremely low maket cap.
AEX and MTX have close ties which could lead to an interesting strategy down the track.
Let AEX do what it needs to do and drill up resource.
AEX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
