'falling off a cliff... where is support... etc
- this stock was once a quid and less. BUT at that time it did not have the Pulbari Coal Resource.
The current share price clearly and obviously utterly undervalues the coal resource there.
Billiton and Rio would love to buy AEN at twice todays price and say thank you on their knees.
Why are they not? because they like everyone else are clever greedy barstewards.
If they see AEN falling steadily, they won't bother to start talking or bidding. They are not afraid enough .
I bet anything you like that if the company rallied 200p over the coming month, you'd get an RNS 'in talks '.
All it takes is on good piece of news and every rubbishy thing about the stock, would change into some fresh rose smelling attitudes.
Coal news will come in January, and 2006-7 coal prices will be good.
PS over on CBM, a Director is buying today.
HAve a good Xmas AEN supporters.