OK so at around 11c I bought with ears pinned back. The reason...

OK so at around 11c I bought with ears pinned back. The reason was two fold, copper was going higher and debt funding would never have been done to the level it was at the time it was if not 100% supportive of the company. Both I would say have come to pass. The management has never been IMHO as bad as some view it. They have aquired some fantastic assets, these will come into play. Jaguar in WA is a classic example of a great assest bought with too little cash coverage, with cash this would never have been placed on C&M but no options existed, management allowed the timing and cash to stress the situation so do get a yellow card on that, they perhaps are lucky to some extent it was not red.

The Stockman project is a a very good and significant one. So here we are today with cash returning and burnt fingers to remind those who may need it that cash is king, don't go too skinny ever again. I was of the view each announcment in 2024 would be better than the last, this has and will I feel be proven. The Jun Q should demonstrate the improved situation clearly and will pull in more conservative copper cash who require more concrete surety.

It is a very good copper investment at this price, if a danger exists its more about its exceptional assets yet current low value making it a potential cheap takeover target. I don't forcast that and do see significant SP appreciation this year, yet in a tight copper market I would have to think some players are at least looking, I hope they only look. I want Stockmans and Jaguar completed by a 100% Aeris.

Anyway good luck holders, even the burned ones, who as I have said in the past will find some solace in time.

Cheers
Phil.