AEE had been underperforming for a long time, and will likely underperfrom going forward
While many other U companies are making regular 52 week highs AEE cannot get past $0.36/0.365
There are many companies who have tenements covering a million base metals prospects and a sniff of U here and there. These companies are doing better than AEE
Then you have the ones who are essentially focused on U alone - PDN, BOE, BMN, PEN, DYL, EL8, LOT, 1AE, etc and are comparable to AEE, who are running hard yet AEE seems to be twiddling its thumbs. Look at today! AEE might end up flat or in the red
So why?
- Is MQG not letting it run and looking to accumulate as low as possible? Looking back at announcements MQG usually release a change in holding every 3/4 months. Last one was in Sep 23, so should one be coming up this month or next?
- Is management not capable? Do they not know how to market AEE, speak to brokers, etc? Times lines to production have been pushed out from 2025 to 2026. IMO, 2027 will likely be production. Timelines for other things have also slipped
Give us an update on the above. The FEED results have been imminent for months. Don't rely on quarterly to quarterly to inform SH's. Be proactive, keep SH's in the know. You would think utilities, etc would be knocking on AEE"s door
- Is it the Africa effect (excluding Namibia)? Like goldies in Africa vs Australia or Canada and the discounts that effectively be applied. Does Mauritania (Nth Africa) not have a good reputation for business
- Are the numbers for the Tiris project not great? They look decent to me, especially when you punch in new numbers for a rising U price and NPV
- Do more ducks need to be shot down before the market and investors get somewhat serious on AEE?
Haggan is great to have and things look to be slowly turning on that front but it is all about Tiris
Though I am holding, and have been holding for a few years, I am also looking for an exit. If U goes off this year and maintains it I would be assessing the situation with AEE
The U tide lifts all boats however AEE seems to have holes ... maybe we need Delilah
(20min delay)