The discourse here has degenerated somewhat on this thread. AUL is a junk stock. There certainly are a number of very genuine Aussie run U exploration efforts underway in Africa. I took a double on AEXO and built a position in UNX (Uranex). An excellent company with top flight management, plenty of cash, tight sharestructure AND plenty of drilling program work underway BOTH in Tanzania (55 U anomalies with first major program underway for shallow U targets at Lake Bahi). Aussie programs to commence on the Thatchers Creek resource paleochannels (IMHO target will be very large and resource will be 20-50,000 tonnes) and primary "pitchblend U ore targets at Rum Jungle NT.
By comparison AUL has no management capacity or cash to mount a serious U effort in Africa. AEX is certainly interesting BUT based on public info it is at an early stage in its programs at Denny Dalton (explains the massive dumping at 4 cents on the stock).
AEX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
