Volume is again picking up and someone seems to be back accumulating stock = all points to something brewing.
Possibly parties with intel into the recap / asset sale process are positioning themselves. It was interesting the admission reported in the AFR earlier this week that in structuring a deal, the shareholders will need to get something out of this. We are now seeing evidence of the realisation by the various advisors and parties circling these assets as to the importance of the shareholders to the whole process given the investment structure of AEJ and requirement for a shareholder vote in any circumstance outside of appointment of Administrators / Receivers.
Remains one to hold, sit tight and allow the dancing to continue until we have a "winner" - at which point there will need to be a beneficial outcome to shareholders in order to have us lodge a positive vote....
AEJ Price at posting:
6.5¢ Sentiment: Hold Disclosure: Held
