As I have posted on another thread the weakness is likely based on coming guidance for the next year. We are going to see a reduced production figure compared to FY19 and with that higher costs.
It won’t be until Q4fy20 that the AISC will come right down, so I am guessing that AISC for the first few quarters will be around 1200-1300. For a 100k ounce producer at that AISC there is better value elsewhere.
Also the market wants to see growth in production not a reduction. however AMI needs to invest in order to get that next wave of growth which is what they are doing.
Realistic Outlook for AMI, page-4
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Last
14.5¢ |
Change
-0.015(9.38%) |
Mkt cap ! $245.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 14.5¢ | $433.1K | 2.924M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 2861993 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 164766 | 6 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| AMI (ASX) Chart |