It seems that Biswell has talked this down quite successfully. Perhaps he works for Rab. Nobody knows more about AEN than Rab, having been heavily in on the initial float and closely involved since. I am sure that they know that they have got back into AEN at a bargain price and if they (and Wolstencroft) are buying then I reckon it is a fair bet that we will indeed see a bounce.
So Lenigas expects to be able to finance the power station and end up holding a 20 to 30% stake in the power plant for free and create a guaranteed market for a good portion of the less valuable coal. Well there's a turn up. So, despite Biswell claiming that the power plant would cripple AEN, we now see that the presence of a power plant close to the mine could be a huge benefit to the company.
No doubt B will say this is nonsense and there is no way that Lenigas could pull off such a coup. But if the man himself predicts that he can, who are we more inclined to believe?
More likely (I hope) now that we have probably bottomed out B will disappear to the next target.
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