RE:AEG newsAnd the stock goes up? ... maybe because less financing by yet another share issue needed. Anyway it didn't hold the high today. AEG with 40% Gross Profit Margin provided a lot of income to support AXU during the shutdown for the last 6 years or so. Will AEG make more than AXU ever did, or could? As a standalone subsidiary, would it have been worth keeping? Probably.
...
AXR/AXU share issue has gone from 14 million (at 1.50!) to 120 million since early 2006, when I first got in, and have been in and out since.
AXU seems to have become the never-ending story.
We'll see if AXU gets going this year after the necessary money raise ... one-month proof of production test needed by end-2020, unless further extension. After the permits, need 6 months to get going according to various past statements.
They only ran from 2011 to 2013 before shutting down due to losses, low silver prices.
...
AEG website seems to have been wiped, maybe they're updating it. Here's the Wayback Machine from mid-2019. Senior management team listed as Nauman and Harrington, Nauman because he's CEO of Alexco and Alexco wholly owned AEG. He's listed as a co-founder of both:
https://web.archive.org/web/20190720150246/https://www.alexcoenv.com/about-us/team/