It seems like market is presenting a great opportunity to buy in. Am watching closely for action.I agree that it could cheaper to drill. However, I always believe that a listco should also employ M&A when there is suitable target to fast track the development and build a super sexy biz for all SHs.
TLM is a super cheap asset for AIS to acquire in my view at the moment before market discover it over time. It has a good gold/copper mining prospect and estimated annual royalty cash flow of >$8m from 1 project alone starting Jun 21. In addition, TLM's Chairman Kerry Harmanis is also a legend who built his nickel mine from $20m to $3bn, and I think he is a rare talents for AIS to tap. Cheers!
Earnings Projection and Valuation Jan-Jun 2021, page-25
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $169.3M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.0¢ | $165.6K | 945.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 575639 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 791501 | 22 |
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| Last trade - 15.37pm 02/09/2024 (20 minute delay) ? |
| AIS (ASX) Chart |