Its trading at a significant discount to its developer peers.
When you look at our production profile, resource, economics etc there is plenty of room to re-rate on that alone. Look what BOE did in their Orphan period.
That's aside from the overall Uranium theme which I think is immensely bullish.
2 key reasons we are trading at a discount:
1. Questionable previous management from 3-4 years ago which were voted out and are long gone. Retail punters seem to have a hate for AEE, which is strange seeing it is so tightly held by institutions and HNW players.
2. Sovereign risk - West Africa is risky but Mauritania is a proven mining destination and sentiment is changing rapidly. Rumours are MinRes are about to enter a project in Mauritania. Aura has a MASSIVE Uranium district tied up.
AEE Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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