From the latest company's drilling update....17 Feb

http://moneyam.uk-wire.com/cgi-bin/articles/200402170700084897V.html

Can anyone with mining knowledge explain these terms....

What does sidetracking mean? Approx how ong will that take?
Approx. how long will it take to correct a deviated section?
Is 'crude oil in shale samples' a good indication that there is oil?
Is 'Gas-bearing porous sands being logged' a good indication that there is gas?
Basically what does logging involve ?

Any views re AEX potential??

Regards
Stephen

paul i don't think that will happen. not till 20p plus

Agreed, not yet.

The buys are coming in thick and fast, and all even numbers which tells me that it isn't retail investors.

Not only does this one not move in straight lines, the MM's are dropping it without reason to spook a few sellers out. Notice the buyers are paying almost full price, while the sellers can get much better prices than those offered.

Paul What are you trying to say? I am confused, I placed an order to purchase 145000 @ 13.85 at about 11 AM, the order has not been taken up yet. Shall I cancell it ? Are you suggesting the price is going to fall? I am already up 51% on my original investment of 120000. Since it has broken the resistance at 12.50 I think it should rally up to 18p. Whats your openion?

Mrs L Hi,

What I am suggesting is that this rally is being run by the MM's not the buyers, you may well see your order filled, it depends how far the MM's are willing to push it.

Buyers are coming in as Adam says, but they only came in because the MM's created the interest in the stock, by pushing the price up. They can just as easily push it back down, when they have done whatever business triggered them to push the price up.

Buy and stay long, 2 years minimum for maximum gain, trading these at the moment could burn your fingers.

Cheers,
PM

Just in.................

AMINEX Plc

Notifiable Interest

Aminex PLC ('the Company') announces that it has been notified today that
Rickerbys Nominees Ltd. holds 5,091,878 Ordinary Shares of 0.06 in the
Company's share capital. This equates to 3.25% of the Company's issued share
capital.

Paul, I don't know what you're talking about, have you sold? There was plenty of buying and as such an illiquid stock the price movements are sensitive. I think AEX maybe about to present to brokers and the co may get written about in the share mags, then the buy orders will really flood in, what's happening at the moment is anticipation of more announcements and presentations and momentum is pushing it higher. Let's face it, at less than 20m cap, this share has a long way to rise.

Its a shame lafter looking at Pauls comments I cancelled my original order of 145000, and instead just bought 50000 only @ 17.70.

SWW, looks like a certain TMF'r has been busy then! :-)

Correction the price I paid was 13.70

I personally think you would be mad to be out of this over the next week or so.

Good post on TMF:

http://boards.fool.co.uk/Message.asp?mid=9501796&recscode=2

The reason buyers are flooding in, is that AEX has been flagged up on a lot of people's screens by tripping lots of different signals. The MM's are playing games, but only to maximise their takings.

Hi All,

I am still 100% in AEX.

All I am saying is this is a long term stock for maximum gain. I also know that Edison Research were waiting for Brian Hall to come back from DPRK, so that he could review their note, and sign it of for release, that has not happened yet, and they are the only broker I know of that have a note on Aminex.

Lemminginvestor asked to speak with a company representative, but were snubbed, not even a reply to their e-mail, although Elric has asked again, and if they still ignore him, lemminginvestor will not do any research notes on Aminex.

I am sill 100% confident of my own research, and I won't pump 'n dump it, rather I will wait for the 2 years plus, and reap the maximum gain.

Cheers,
PM

Other brokers following AEX are Oriel and Davy, the UK and Irish brokers for the company.

Oriel did a note initiating coverage on 17 August with a buy.

Paul - Oriel Securities rated AEX a buy last week but seems to have gone unnoticed. Check out Bloomberg - no target price though

DHarris Hi,

Haven't heard of that note before !

I tried to get notes from the other brokers, but could not seem to find anything online, other than Edison Research.

Can you send me the note ?

stanelco@gmail.com

Thanks in advance :)
PM

Hi dharrisp,
how can we have a look at Oriel's coverage note? if you have it can you please post it on this site. Thanks
Mrs Lords

And large investors!!

Sorry guys but I cant post the note due to the copyright issues and the fact that we have signed agreements with Oriel.

D

dh - can you provide us with a brief resume?

Its basically an introduction to AEX going through their operations round the world and prospects. Not that much different to what is in my note on TMF.

Darron

Hi Darron,

I take it that that post on TMF is yours then? Cracking post and thanks for taking the time to outline the case.

EE's post on the risks is also excellent and well worth a read for those who may have missed it.

Cheers

Gav