Aex Gold Share Discussion Threads

[marmar80] 10/2/2021 08:19

So far it is reminding Angel Mining story with Nalunaq 10yrs ago. Almost there but somehow always more funds needed.

[someuwin] 10/2/2021 08:19

Ouch indeed.

Can't believe they weren't aware of these risks earlier.

Lost a lot of confidence in them - were they too naïve? Is this now going to be a replay of the Angel Mining failure?

[goodgrief] 10/2/2021 07:47

Oh well, that's mining for you. Lots of risk.

[scotty1] 10/2/2021 07:11

Nalunaq put on hold then,not good short term for the share price

[someuwin] 09/2/2021 11:24

Max buy quote £5k.

[scotty1] 04/2/2021 14:59

A hat tip to reader TP who spotted the amazing photo below on Google earth. I am – as you know – a shareholder in AEX Gold (AEXG) which will be pouring the first gold from here before Christmas. In fact I added to my holding at 57p the other day and see the shares doubling or trebling within eighteen month. Anyhow, enjoy the impressive photo.


and as he said the other day with the other targets he thinks the doubling/trebling will seem very conservative.

[undertaker] 03/2/2021 09:00

no joy - AJ Bell insist on an NR301 for this listing... ho hum!

[undertaker] 03/2/2021 08:50

ok - thx... i'll call them back and get them to investigate

[goodgrief] 03/2/2021 08:48

No issues with Barclays or EQi.

[scotty1] 03/2/2021 08:46

No problem with R&B

[undertaker] 03/2/2021 08:44

Anyone else's broker asking for a NR301 form to be completed (for CAD stocks) before trading this? - despite it being listed on the LSE!

I'm with AJ Bell and they are asking for this.

[someuwin] 03/2/2021 08:40

They have a huge prtfolio of licence areas (the largest portfolio of gold assets in Southern Greenland) including...

* NALUNAQ PROJECT
Past gold producing asset with High-grade narrow quartz vein, with historical production of >350koz (average 15 g/t Au) between 2004 and 2009.

* VAGAR PROJECT
Vagar is a high impact target with high-grade mineralisation identified, representing a potentially significant gold asset.

* TARTOQ PROJECT
High-grade orogenic gold mineralisation hosted in a classic Archean greenstone belt setting.

* NUNA NUTAAQ PROJECT
High prospective license located in the Nanortalik Gold Belt and extending the gold occurrences from Nalunaq and Vagar.

* ANORITOOQ PROJECT
Anoritooq is divided into two sub-areas: a main part that lies between AEX’s Saarloq and Vagar exploration licenses and covers parts of the Niaqornaarsuk, Akuliaruseq and Nanortalik peninsulas to the northeast of Nanortalik, and a second sub-area on the south east coast of Greenland that follows the inner parts of Kangerluluk and Igutsaat Fjord.

* SAARLOQ PROJECT
The principal feature of interest is the large, crustal-scale Saarloq Shear Zone that runs through the licence in a north-easterly direction.

* KANGERLUKUK
highly prospective for Gold and other commodities including Copper, Zinc and Molybdenum.

[scotty1] 03/2/2021 08:20

Fwiw TW thinks his 3 bagger for this time next year will be very conservative if one of their other targets comes up with the goods which is quite possible with one the samples already received from another target and i believe they have 5 targets all in and around the vicinity.

[someuwin] 02/2/2021 09:57

Many peeps are missing the story here. Some think AEXG is expensive because it has yet to complete a DFS (or a FS or a PFS). Ordinarily, exploration companies will need to go through these expensive and time consuming studies to make the investment case in order to raise the funds to build the mines.

AEXG don't need to do all this. they are re-opening an existing mine and have raised all the cash they need to get to first gold production by the end of this calendar year. This will add to their reserves as they continue to explore and develop their many other target rich exploration areas in Greenland.

If all goes to plan AEXG could quickly grow to be a very high value mining operation.

[scotty1] 02/2/2021 09:23

This seems amazingly cheap with the prospects/mines/grades they have in the pipeline.

[someuwin] 02/2/2021 09:06

Can buy £6k. But not £7k.

[someuwin] 01/2/2021 13:22

And of course we're now into February - so one month closer to first gold production later this year.

[someuwin] 01/2/2021 08:02

More great news.

Eldur Olafsson, CEO of AEX, commented:

"I am very pleased to announce this preliminary data on our Kangerluluk licence, our most northerly asset on the Nanortalik Gold Belt where we hold the vast majority of the acreage. Yet again, the grades reiterate our belief that we are uncovering one of the most exciting Gold provinces in the world. We will continue to carry out exploration activity this year on this licence and over the rest of our portfolio of licences."

[someuwin] 27/1/2021 08:43

Bluejay Mining JAY has identified gold in its sampling at their Thunderstone Project, South Greenland. This is close to AEX's mine - which they mention in today's RNS...

"The metavolcanic package is similar in size, lithology and alteration to the klippe that hosts orogenic gold mineralisation at AEX Gold Inc.'s Nalunaq gold mine (refer to Figures 1 & 2) produced over 350,000 ounces of gold at a grade of ca. 15 grammes per tonne ('g/t') gold, with a remaining inferred resource of 251,000 ounces at a grade of 18.5 g/t gold, located only 25 km to the west"

Yet more evidence of just how mineral rich Greenland is and bodes well for AEXG's portfolio of thirty other licence areas in Greenland.

[qazwsxedc69] 26/1/2021 07:26

Our new CFO sounds like a heavy hitter. Nice appointment.

[someuwin] 26/1/2021 07:16

AEX Gold Inc.

AEX Appointment of New Chief Financial Officer

TORONTO, January 26, 2021 - AEX Gold Inc. ("AEX" or the "Corporation" - TSXV: AEX), announces that Jaco Crouse has been appointed as the new Chief Financial Officer ("CFO") of AEX effective immediately, replacing George Fowlie who has stepped down as the CFO but remains on the Board as a Director. The Board intends to propose Mr. Crouse as a director of the Company at the next annual general meeting.

Mr. Crouse is a seasoned mining executive with nearly 20 years' experience in financial management, mine financial planning, business optimization and strategy development. He most recently occupied the position of CFO of Detour Gold Corp., where he facilitated the successful financial and operational turnaround and sale of the corporation to Kirkland Lake Gold for US$3.7 billion. Prior to that, Mr. Crouse was Chief Financial Officer & Vice President-Finance of Triple Flag Mining Finance Ltd., ("Triple Flag") a Toronto-based private metal streaming business. From 2015-2016 Mr. Crouse was Vice President Business Planning & Optimization at Barrick Gold Corp. where he was instrumental in resetting the cost structure and improving the capital allocation discipline to deliver free cash flow improvements from underperforming assets during a period of low gold prices.

Mr. Crouse started his career in mining in 2002 at Xstrata Alloys, the world's largest ferrochrome producer, and went on to join Xstrata Nickel in 2007 (after the acquisition of Falconbridge) to integrate and optimize the nickel business unit, during which time he worked extensively in the Canadian business unit of Xstrata Nickel. He also worked as an Asset Manager at Glencore following its merger with Xstrata in 2013 and was responsible for integrating their nickel marketing offices. Mr. Crouse is a Chartered Professional Accountant (Ontario), a Chartered Accountant (South Africa), and a certified Financial Risk Manager (FRM) with a BComs (Honours) in Accounting Sciences from the University of South Africa.

Eldur Olafsson, Founder and Chief Executive Office of AEX Gold, commented:

"On behalf of the board, I would like to welcome Jaco Crouse to the AEX Gold team. Jaco brings with him significant industry and financial experience which will be vital as we continue our progress towards recommencing operations at the Nalunaq Gold Mine and moving into production."