AIS 7.14% 22.5¢ aeris resources limited

I have been very hesitant to purchase anymore AIS stock since...

  1. 11,113 Posts.
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    I have been very hesitant to purchase anymore AIS stock since the share price demise and catastrophic failures of management which started a couple of years ago, but I now think that now is as good a time as ever to think about averaging down. I do not think the quarterly deserved a 15% red day response at all. So, I am going to put in an order tomorrow around 25c. Copper prices are in complete bull mode, the quarterly showed signs of cost reduction and performance improvement during a quarter which was mostly before the Cu price recovery. I think the market is not thinking medium to long term here with the massive paydown of debt and complete business reversal which will 100% take place if Cu prices stay at these levels or higher. I have been waiting for a sign to average down and this appears to be it Imo.
 
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Last
22.5¢
Change
0.015(7.14%)
Mkt cap ! $217.6M
Open High Low Value Volume
21.5¢ 22.5¢ 21.5¢ $717.9K 3.281M

Buyers (Bids)

No. Vol. Price($)
2 22400 22.0¢
 

Sellers (Offers)

Price($) Vol. No.
22.5¢ 53507 3
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Last trade - 16.10pm 18/06/2024 (20 minute delay) ?
AIS (ASX) Chart
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