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Article: Thailand: AEM s repertoire may expand to Thai coalmine.
- Article from:
- TendersInfo
- Article date:
- September 3, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: babalu03
AEM, as it is coded, is still at the option stage of buying a 44 per cent stake in a Thai mining project, as announced early this year. We don't want to be cheeky but with accumulated losses of $5.27 million and share capital of $5.26m, AEM can't just turn up waving the cheque book.
The company (first listed in December 2004 at 20c a share and last seen at 0.5c) sold a talent-academy business called Brightstars in October last year for $11.15m to John B. Fairfax's Marinya Holdings and made a distribution of 4c a share to the long-suffering holders, although a final of 1c a share "could not proceed due to Australian Tax Office (ATO) ...