As I thought, the only really accumulator on AEJ is Nexif. I really wander what they are up to.
I think they may have tried to get a seat on the board and failed (but I could be wrong)
Notwithstanding, I suspect that they will continue to accumulate.
They may be interested in taking out AEJ?
There average price in to AEJ for their 10.165% stake is $5.49/share
A corporate transaction is well on the way when you now look at the stakes.
Coastal Capital 17.97%
Bronte 15.60%
Nexif 10.165%
Top three holders control 43.735%
Keep in mind both Bronte & Coastal made their money on the Alinta Transaction, so anything they get out of AEj is pure cream!
Nexif may provide them with an out.
As I thought, the only really accumulator on AEJ is Nexif. I...
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