Rather than just rooting for AEE, I think a better way to look at this is like this:
- Current undiluted MC at 2.7c is ~$23m
- A lot of investors (and traders for that matter) would be looking at this and thinking that with all the prospects and strong fundamentals, this probably should be valued at at least $30m - minimum.
- If investors are prepared to value the company at $30m (which IMO is still desperately low), then they'd logically be prepared to pay 3.3c ($30m / 861m shares) for a slice of the pie.
- There's no point just rushing in and paying < 3.3c if you don't have to so a few will be buying in waves to accumulate without sending the SP nuts.
- FOMO will kick in or new money will step in and want the same slice of pie and push the SP up to 3.3c pretty quickly.
So even without a new catalyst (news or results), I think this will move to $30m very soon where it will probably consolidate for a while before the next leg up.
That's what will drive the SP IMO.
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