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
  0.00 0.0% 29.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
29.00 30.00 29.50 29.50 29.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -7.09 -5.75 52
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 29.50 GBX

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Date Time Title Posts
16/6/202107:46AEX Gold183
07/10/202015:32AEX Gold Inc - Gold mining development in Greenland1

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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 29.50p.
Aex Gold Inc. has a 4 week average price of 29.40p 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 148,090 shares. The market capitalisation of Aex Gold Inc. is £52,244,127.42.
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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.
christopher logsdon: Doubled my stake when the Share price collapsed now it's just a bit of a waiting game fingers crossed
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.
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.
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.
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!
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.
christopher logsdon: He also said at the time the share price was running away with it self and told people to top slice
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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