It's been an unbelievable ride, $5 in Sept now $2 and with mineral exploration on the nose, it could get interesting.
There are still some incredibly good points to note:
Guidance has been re-affirmed. Balcatta generates 80% of revenue, and believe me, their busy. Gold is 25% of total revenue (only metal to hold up). Expanded their uranium lab by 400% in 08, (new lib govt has given go-ahead to develop in WA). Building a new lab at No. 3 Macadam Place. Marc seems to be doing well, expanded their factory by 300% and won new clients, one client is spending $10m.
....and it will be sitting on a 15%+ divi, fully franked.
I'm accumulating down here.
P
AEC Price at posting:
$1.95 Sentiment: None Disclosure: Held