RE: Ii2 Jun 2024 00:40
You'd swear black is blue Drewky...
Oil & gas explorer Aminex AEX 0.00% has shot up from 0.8p mid-April, over 2.0p since the end-April 2023 prelims showed a reduced loss of £0.9 million equivalent, down from £3.2 million. The narrative cites milestones achieved, although it has promised plenty in the near 30 years I have followed it on and off.
Thirteen years ago at 7p, I wrote: “Aminex shares have acquired a reputation for active trading [rather] than rewarding a buy-and-hold investment approach.” Despite a seemingly cheap share price, Aminex is capitalised at £84 million due to having issued over three billion shares. Well, perhaps it finally gets taken over, with the assets integrated elsewhere.