Assagai - mel dont understand fundamentals - he seems to think PET is worth 50X market cap i.e. almost 2 billion pounds
On the back of what? I have no idea maybe buying a bit of milk and bread from sainsbury, oh folks make sure its wholemeal too! China and North Korea signed an oil deal over the past few days.
AMINEX has exclusive rights to drill the oil in NORTH KOREA its all theirs! If mel understood fundamentals he would be all over AEX...but what he does understand is his charts ..not sure why he hasnt picked up on the uptrend on the AEX chart though.
"But Chinese geologists estimated in 2002 that offshore fields in the West Bay basin area off North Korea may contain 3 billion tonnes (21.9 billion barrels) of oil and gas."
Anyone remember the Bohai bay oil find i talked about many weeks back?
Maybe not. like i said many times in the past AMINEX = Multibagger.
In this thin market its only up a few points, wait for the next few weeks. This gross undervaluation will be corrected in 06.
