the new directors are Bronte capital directors and hold over 15% of AEJ so they have skin in the game, especially when they bought a nice parcel at $6/share from GPG's sell down.
I suspect that they will be looking for a number no less than $8/share as the base and moving up from there to closer where the independent exports valued the buisiness on a going concern basis of between $31 and $45/share.
We just need to find a willing buyer, or get the government to pay to shut down the facility under the carbon tax scheme.
Things are heading positively but not ready to raise a toast just yet!
AEJ Price at posting:
$4.41 Sentiment: Hold Disclosure: Held
