Aex Gold Share Discussion Threads

[breezer_42] 20/1/2021 09:02

This isn't true pre-production really. I can't see it needing to raise capital as this mine is (i) an existing mine that's being re-opened and (ii) fully funded to very conservative assumptions.

[marmar80] 19/1/2021 23:48

91M mcap a year before production is a bit too high I think. I can see an issue of new shares if share price stays where is now.

[qazwsxedc69] 19/1/2021 16:26

And confirmed as fully funded too

[someuwin] 19/1/2021 16:08

Should have first gold production before the end of the year.

[someuwin] 19/1/2021 15:49

Looks like this one is finally starting to wake up now.

[qazwsxedc69] 19/1/2021 12:36

I missed that too. Nice update. I (so far) like the way they go about things.

[someuwin] 19/1/2021 09:35

Also from yesterday, Livermore Partners increase holding to 6.04%.

[someuwin] 19/1/2021 09:19

Missed this news yesterday...

18 January 2021

("AEX" or the "Corporation")

AEX Provides an Update on the Procurement Plan for Nalunaq

TORONTO, ONTARIO - January 18, 2021 - AEX Gold Inc. ("the Corporation") (AIM: AEXG; TSXV: AEX), an independent gold company with a portfolio of gold licences in Greenland, announces an operational update on the development of the Nalunaq property in South Greenland.

The Corporation remains on target and continues to make significant progress on the development of the Nalunaq Project, with the award of key procurement packages.

Highlights

-- AEX has selected its contractor for the underground development as part of the exploration program at Nalunaq. AEX and the contractor will form an integrated project team and are currently finalizing the contractual terms which will lead to their mobilization at Nalunaq in H2 2021.

-- Major equipment to support the underground development program has been procured, notably including jumbos, an underground haul truck, Load Haul Dump loaders, and other underground service mobile equipment. Mine underground services, such as for ventilation, dewatering, compressed air and power distribution are in the tendering process and will be procured during H1 2021.

-- Long lead process equipment packages, including the crushing, grinding, gravity and tailings thickening circuits, were awarded in December and early January, and the balance of equipment will be procured during H1 2021, including the gold room equipment, power generators and pumping systems. Equipment performance and specifications will be key in finalizing the project's assessments and permits.

-- All surface support equipment required to support the exploration program, such as the 100 tonnes rough-terrain crane, fuel and water trucks, tractors and trailers, and others have been procured.

-- With procurement activities progressing according to plan, AEX will continue de-risking project execution and expects development of the asset to commence in line with previously announced timelines.

The Corporation will, in the next few weeks, be providing further project development updates at Nalunaq, further exploration results from the 2020 exploration season, as well as the upcoming exploration plan for 2021 in South Greenland.

Eldur Olafsson, CEO of AEX, commented:

"AEX continues to progress the Nalunaq project according to plan, with development remaining on target. Many of the project's long lead items have been awarded and the procurement plan is being followed as anticipated. By locking down the key long lead items, supported by our engineering efforts, we have been able to continue de-risking the project's schedule. We remain committed to, and confident about, the development of Nalunaq and appreciate the strong support we are receiving from the project's various stakeholders, especially those in Greenland."

[someuwin] 14/1/2021 09:35

Looks like now is the time to get on board here

[qazwsxedc69] 14/1/2021 09:13

Nice tick up today. Someone's noticed us :-)

[loganair] 27/12/2020 16:12

SUMMARY - AEX has an unrivalled footprint and first mover advantage in southern Greenland, one of the world’s most exciting new mining regions. Due to the extremely
high grade of gold, the ability to mine for ounces rather than tonnes will make it one
of the highest margin mines in the world. The company has a clear path to production
and, in the longer term, to succeed in building a full cycle gold mining company and
create significant value for its stakeholders.

[loganair] 27/12/2020 16:08

Nalunaq is expected to generate strong margins with an expected AISC (all-in sustaining cost) of $500-600 per ounce.

[goodgrief] 27/12/2020 11:05

Shares Magazine article published last week titled "AEX Gold shines in Greenland"buff.ly/2KNLqNc

[goodgrief] 22/12/2020 13:32

Chelverton Asset Management just spent approx £4M taking a 5.18% position!

[bernieman] 10/12/2020 15:30

££

[goodgrief] 08/12/2020 07:21

New exploration licence grantedHistoric prospecting in the licence has returned grab samples grading up to 382 g/t Au, 100 g/t Ag, 3.4% Cu and 3.7% Zn."Speaking as a geologist myself, this type of deposit is exactly what makes Greenland so exciting".

[herlat1] 04/12/2020 22:46

Fully agree. A very asymmetric bet with lots of upside.

[golddigger1010] 04/12/2020 10:17

don't think there is much of a downside on these levels, they just raised 42,5m on 0,45 - progressing with starting production and showing very impressive exploration potential...

[malcontent] 02/12/2020 18:31

small position here
looking to add as it drifts down looking for buyers

[copandrobber] 26/11/2020 07:56

Rothschild!! Big hire for a small company!

[goodgrief] 19/11/2020 11:19

Third quarter results out... in short, fully funded with a $73m fund raise and AIM listing in July 2020 allowing them to bring forward elements of their 2021 development activities. Probably a slow sideways drift till we get news flow next year.

[edcrane] 13/11/2020 08:50

Here is the video ....

[copandrobber] 07/11/2020 08:17

Great new video on the AEX website and an updated prezzo!

[loganair] 04/11/2020 22:47

Regardless of who wins the US presidency, gold and gold miners are set to benefit anyway, said James Rasteh, Chief Investment Officer of Coast Capital in an interview with CNBC.

He explained that it’s because the United States will likely adopt a sizeable fiscal stimulus program, aimed at boosting economic activity, but which typically leads to a wider deficit.

“We would be printing trillions of dollars more and all of that ultimately has extraordinarily positive repercussions for gold,” he said, adding: “The fiscal and monetary policies would be almost identical under either leadership. I think that the differences that are being delineated are really more imaginative than real.”

The CIO pointed out that while the major miners are not making significant discoveries for new sources of gold and are running out of reserves, they are likely to be forced into buying out the smaller names in the market.

[loganair] 02/11/2020 13:42

The ultimate safe haven, gold, will resume this year’s upward trajectory after the US elections, according to analysts at Royal Bank of Canada (RBC).

Traders will be looking to “stimulus legislation, inflationary prices [and] large debts, so gold can resume the upward trend,” said George Gero, managing director at RBC Wealth Management.