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Share Name Share Symbol Market Type Share ISIN Share Description
Aex Gold Inc. LSE:AEXG London Ordinary Share CA00108V1022 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 1.85% 27.50 5,864 08:00:00
Bid Price Offer Price High Price Low Price Open Price
27.00 28.00 27.50 27.50 27.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -7.09 -5.75 49
Last Trade Time Trade Type Trade Size Trade Price Currency
08:17:30 O 5,864 27.98 GBX

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Aex Gold (AEXG) Discussions and Chat

Aex Gold Forums and Chat

Date Time Title Posts
08/4/202111:03AEX Gold180
07/10/202015:32AEX Gold Inc - Gold mining development in Greenland1

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Aex Gold (AEXG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:17:3127.985,8641,640.75O
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Aex Gold (AEXG) Top Chat Posts

DateSubject
07/5/2021
09:20
Aex Gold Daily Update: Aex Gold Inc. is listed in the Mining sector of the London Stock Exchange with ticker AEXG. The last closing price for Aex Gold was 27p.
Aex Gold Inc. has a 4 week average price of 25.50p and a 12 week average price of 23.50p.
The 1 year high share price is 58.50p while the 1 year low share price is currently 23.50p.
There are currently 177,098,737 shares in issue and the average daily traded volume is 1,780,447 shares. The market capitalisation of Aex Gold Inc. is £48,702,152.68.
08/4/2021
11:03
loganair: 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.
16/3/2021
10:59
christopher logsdon: Doubled my stake when the Share price collapsed now it's just a bit of a waiting game fingers crossed
14/2/2021
11:50
marmar80: 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.
12/2/2021
12:51
74tom: 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.
11/2/2021
08:30
someuwin: 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.
10/2/2021
09:16
golddigger1010: Actually, I'm quite happy with the statement today. The company has a 33m cash balance of a 54m market cap. As each country increases the boarder security it seems a very prudent decision to make. I doubt that many investors bought this one on cash flow models so delays are almost irrelevant. The company has massive exploration potential which it will go for this year instead, resources will be increased, uncertainty decreased. I think a lot of mining companies will have issues this year with increasing costs and many will be to deep in the mud to back out like AEXG did right now. This is a buy and hold, will definitely comeback this year. Seems like a very prudent decision!
02/2/2021
09:57
someuwin: 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.
25/1/2021
08:20
christopher logsdon: He also said at the time the share price was running away with it self and told people to top slice
19/1/2021
09:19
someuwin: 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."
02/11/2020
13:38
loganair: It seems to me the biggest driver in the AEX share price going forward will be are they able to keep to their time table of 15 months from now to first gold production and 19 months to commercial gold production. If at any time either of these two is significantly pushed back then I can see the AEX share price remaining stagnant.
Aex Gold share price data is direct from the London Stock Exchange
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