As I thought, the only really accumulator on AEJ is Nexif. I...

As I thought, the only really accumulator on AEJ is Nexif. I really wander what they are up to.

I think they may have tried to get a seat on the board and failed (but I could be wrong)

Notwithstanding, I suspect that they will continue to accumulate.

They may be interested in taking out AEJ?

There average price in to AEJ for their 10.165% stake is $5.49/share

A corporate transaction is well on the way when you now look at the stakes.

Coastal Capital 17.97%
Bronte 15.60%
Nexif 10.165%

Top three holders control 43.735%

Keep in mind both Bronte & Coastal made their money on the Alinta Transaction, so anything they get out of AEj is pure cream!

Nexif may provide them with an out.