Based on the volumes I would say it's a market maker; ie an insto trading the pips across the bid/offer spreads. They make a small amount whilst nothing significant happens, and you see this in most stocks. No retailer would be paying commissions on such small trade parcels, it costs too much.
Thank heavens for Macquarie in the background, we have them to thank for keeping our SP where it is, plus the top 20 holders have 75% of the SOI so we're not seeing nervous nellie retailers jumping off as the macro picture hits the skids.
The interview from Mauritania was a little unfortunate. Our management team needs to lift their game and ensure any market comms are of a suitable standard and approved prior to hitting the airwaves. Most of the commentary is factual, but how Mauritania becomes the 4th largest supplier is speculative as far as public knowledge is concerned. I'd also like to think we'll take the option on whether to produce 800k lbs or more when we get there.
AEE Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
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