Aex Gold Share Discussion Threads

[dr know] 23/10/2021 10:05

I see the share price has risen every day for the last two weeks. Maybe they are going to announce the restart of the Nalunaq mine development. All this exploration is all well and good but they need to start producing gold at some point.

[copandrobber] 05/10/2021 09:06

New Exploration presentation on the website! Impressive stuff and lots of news forecast

[loganair] 07/5/2021 22:04

AEX Gold looking to build full-cycle gold company in South Greenland.

AEX Gold plans to speed up exploration programme at Nalunaq Project.

AEX Gold could have upwards of two million ounces of gold under its belt in Greenland, as it pushes towards first production next year.

[loganair] 08/4/2021 11:03

Todays share price fall - Less mining friendly Inuit Ataqatigilt Party has won the Greenland general election who are into protecting the farming and fisheries of Southern Greenland.

[someuwin] 19/3/2021 08:08

Its becoming obvious now that these chancers didn't have a clue about gold mining. Perhaps they should have employed a mining consulting firm BEFORE they raised money with their fantasy predictions!

"...With respect to the review of the Nalunaq development plan, the Company has engaged the global mining consulting firm Ausenco to conduct a thorough, independent, review of all technical aspects of the mine development. This third-party review will assist the Company in determining what, if any, amendments are needed to the plan and schedule, and allow the Board to present a revised plan to shareholders that reflects such amendments as we consider appropriate. "

[someuwin] 18/3/2021 07:43

CROSSROADS HOLDING have taken an initial 3.2%

[christopher logsdon] 16/3/2021 10:59

Doubled my stake when the Share price collapsed now it's just a bit of a waiting game fingers crossed

[someuwin] 16/3/2021 09:35

Buyers coming seem to be coming back here. Maybe some better news coming?

[breezer_42] 20/2/2021 07:29

You mean they’ll all sell?

They can’t be reimbursed; these are equity markets.

[orcaattack] 20/2/2021 03:58

I believe there is a legitimate concern here that investors who participated in the cap raising will be seeking to have their money reimbursed, given the timelines are now unknown.

[breezer_42] 18/2/2021 21:31

Yes my read on the RNS was that it was just uber cautious reading between the lines a raise didn't seem imminent? They have plenty of cash to prove resource in their other licenses, and once that's been done and published they will, if they need to, be able to raise cash at a much higher valuation.

[livermore11] 18/2/2021 19:10

There's no capital raise anywhere near these levels. Plenty of options exist for funding when required.

[pugugly] 14/2/2021 13:18

re 170 above = imo mc £51m still way too high (even with C$58 million of cash on hand,) without a JORC and very nuggety samples - Watching but seem to be very many better opportunites out there with proven resources such as CNR or even private equity offerings such as African Gold.

[marmar80] 14/2/2021 11:50

I think it will be now trading in a range 25-30 until news. Can see GBP15-20m in new shares issued around 25p in the next few weeks. And this will be a great info for all locked in if that happens at this level. Nothing will be done on the ground during winter of course and limited actions will be taken during summer if lock down is still in play. The good news is that around spring next year with all the new shares digested, covid gone and optimism back, the share should be again trading above 40p, all imo.

[marmar80] 14/2/2021 11:22

Same here mate. Angel was full of promises and dream ended just after they started selling gold.

[ramas] 12/2/2021 12:57

Death by a thousand cuts for a year I reckon... really like TW but I think his bear skills are best ...

[74tom] 12/2/2021 12:51

The CEO is pretty inexperienced - graduated from uni in 2010 and doesn't have experience with any of the majors. Clearly he must be able to talk a good game to get the opportunity, and he certainly appears confident, but the events of this week show a real naivety. His response to this will tell us whether he is all talk or not... Could become very interesting from a share price perspective - wouldn't be at all surprised to see it back under 10p if they need to raise significant funding.

[escapetohome] 12/2/2021 12:46

Still bullish Tim?

[leedsu36] 12/2/2021 12:15

I think you're spot on Scotty.

This IS the NEW Angel. Rinse and repeat springs to mind.

[someuwin] 11/2/2021 08:30

Yup. Dead in the water now.

A year's delay to gold production AND several significant cost increases means they will need to raise additional funds. The problem is that its not so easy for them.

They assumed cash raised at IPO would see them through to production which is why they fast tracked by not going down the conventional route of proving up resources and doing Feasibility Studies etc which is what lenders want to see before lending cash.

Consequently they don't even have a proved up resource. Just a small inferred Resource of 250k ounces. Thus future funding will have to come from shareholders. we just don't know when or at what price.

To prove the point they've been trying to access additional financing since July last year - with no success...

"-- The Corporation has progressed a number of discussions with non-equity financing providers, as detailed at the time of the fundraise in July 2020. The Board believes a modest non-equity facility offers an attractive opportunity to access additional capital to expand value creation activities across its portfolio without the dilution or costs of further equity. The Corporation is committed to securing the most attractive source of funding, and will provide an update on these discussions once a committed facility is secured."

Lenders will be even more reluctant now after yesterday's revelations imo.

[scotty1] 11/2/2021 07:49

And there lies the problem re clearing of the mist,not the best of area's to work in and as they have missed the window for this year you are looking at q4 2022 now.Plenty of time here now to buy in.

[qazwsxedc69] 11/2/2021 07:38

Be interesting to see the share price action today. TW says he is 'almost certain' to buy in. Hmmm. Not sure anyone else will touch with a barge pole until the mist clears here.