A new large share holder is entitled to nominate a new director to the company as they have a vested interest for a good outcome. Ideally, existing management should not be concerned if they think their current business strategy (or cost reductions until uranium market improves, possibly soon) is aligned.
It appears management is starting to get the message that shareholders are becoming restless about the low share price lately. Moreover, management has not purchased up on market to show a sign of support for AEE & happy to get a good salary with free options unconditional of share price performance. Management is not obligated to buy on market, but it is sometimes a good gesture.
It shall be interesting to see the "office politics" at upcoming board meetings. No investment advice intended and I am keen to see uranium market & AEE improve in 2020.
AEE Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
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