Correct me if I'm wrong but it appears that AEX has managed to purchase 50% of Seque (SEQ) 50% share of the leases and mineral rights to the U leases of "angela and pamela" in the NT.
You might ask why would SEQ part with half of it's 50 % of $ 2 billion worth of U for $110,000 cash and two tranches of AEX shares and options worth $1 m + $2.3 m if they prevail in court !!!
What on earth would the SEQ board be thinking ? Here's a quick $110,000 if we lose in court ? Not likely.
Quess what folks, there is a lot more to Denny Dalton than meet the eyes. SEQ would be gaining shares into AEX and thus a share of DD. AEX have convinced SEQ that DD with it's JORC compliant deposit is a real goer and that " in the near future AEX would be proving up it's JORC compliance and hence AEX's share price would be appreciating considerably."
Just my comments. Don't trust what I say. Go to a financial adviser. Please DYOR
AEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
