AEE 0.00% 15.0¢ aura energy limited

Uranium- the boom is coming, page-75

  1. 1,940 Posts.
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    I think a little loose. U spot price rose about 25% during 2018.

    AEE went down by nearly the same %.

    Why?

    Some people have suggested the 3 big holders who were in for the gold sold out.

    The CR in March 2018 says:
    "The placement was made to existing shareholders, including Aura's long-term strategic shareholders in London, small cap funds..."

    The announcement then goes on to talk about the Haggan project.

    https://www.asx.com.au/asxpdf/20180329/pdf/43stkjwk1g6hgf.pdf

    So who had been peddling the angle about large holders selling out because of the delays in the gold project? I know.

    I put it squarely on poor performance of management resulting in delays.

    By the way, out of the $3.7m raised back in 2018, more than 10% went towards Peter's remuneration. Excluding the 17.5m performance shares granted.


    All imo.
 
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