I’ve being doing some research, surmising and investigating into the recent appointments ..
John Hancock ...In top 20.... son of Billionaires Australia Mining Magnate GINA RINEHART
John Hancocks grandfather discovered iron ore in Australia, which is now RIO. Till this very day they receive royalties from RIO.
Phil Mitchell our new chairman was in a senior position at RIO. Take note that RIO ran a uranium mine for 30 years (Ranger Uranium) Now Ranger has been mined out and no more uranium there... Phil also headed acquisitions for billionaire Robert Friedland’s so let’s see if finance comes from this connection...Quite possible !!
Now again just surmising have the Hancock’s brought in Phil Mitchell and co to take this Uranium project to production and in the very near future at that?? There is a clear coloration there ..
John Hancock is is here for a reason. It seems the board has been selectively picked, I wonder if John Hancock was involved in this selection??..the links are there...watch this space. Big boys have certainly taken up a very big positions here.
Warren Mundine worked for both RIO and FMG. He knows Uranium extremely well being the former director of the Australian Uranium Association. From my research he’s big on green nuclear energy so you can see him taking this lead for Aura.
If Uranium prices continue heading north and this new team takes us to production in the next 6-12 months then we are on our way to 200m free cash flow. Makes sense why the Hancock’s has gone heavy and quite possibly made changes. I’m not sure how we are sitting at a 100m mc all things said and thinking out loud.…
WATCH THIS SPACE....
AEE Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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