I have noticed over the past week or so that since the AEM AGM, AEM appears to awoken from its hibernation with good volume (for this company) being trade and an accompanying increase in the share price.
With stock drifting lower over the past 2 years by the sellers having to meet the buyers (i.e. if someone wanted to sell X number of shares they had to sell down, which resulted with a few great buying opportunites at current levels), it is good to see buyers stepping in to the market to not only soak up what can only be interpreting as stale sellers but to also step up by increaseing the price they are willing to pay.
The selling (by a couple of different paties) of a few million shares both this week and last week looks like destressed/forced selling, this would have previously seen the share price hit new lows. However, this time we have seen renewed buying interest/pressure and the share price edging higher.
With some 46% of shares being held by the Top 20 as previously stated it will not take much to see the price back to 1+c.
D: I am a holder and have been for quite some time.
Cheers
Clever1
EOR Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
